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April 07, 2004

Roy Disney and Stanley Gold to Sue to Get Voting Results

Dissident Walt Disney Company shareholders Roy Disney and Stanley Gold said on Wednesday they would sue the company to get results for the March 3 shareholder vote on Chief Executive Michael Eisner's reelection to the board. Disney and Gold said the company wanted them to sign a confidentiality agreement before allowing them further access to the tallies, which they have so far refused to do. The company did not immediately comment on the latest letter from Roy Disney and Stanley Gold's attorney accusing it of trying to "delay and obfuscate" the release of voting results, particularly the employees' pension plan, which Disney and Gold see as a proxy for employee support of Eisner.

Details & Discussion Here
Posted By: Ray @ 8:19 PM | permalink

 

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