The New York Times has a very interesting article on the wrangling that went on behind the scenes at Disney after last week’s unprecedented shareholder vote against the board. They also report that the company is renegotiating CEO Michael Eisner’s contract “to allow him to retain a salary of $1 million even though he has resigned as chairman… One person close to the negotiations said that Mr. Eisner, who is 62, would retain most of the benefits in his current contract”.

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