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Save Disney ends efforts

Yahoo! News reports that, while not perfectly satisfied with the outcome of their efforts to oust Michael Eisner from his position as The Walt Disney Company’s CEO, Roy Disney and Stanley Gold have decided not to push for an alternate slate of directors when the company’s next annual meeting is held in March 2005. “The two men expressed disappointment that the board had rejected recommendations for an independent board member from a group of state pension funds. They also said they were displeased that the board had rejected several shareholder proposals the two men had backed.

“But they said that they were pleased with recent improvements in the company’s performance. Disney’s stock has risen in the past year as the company’s earnings per share grew more than 50 percent.”

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