Disney Brass Get Two More 'No' Votes

Updated from Feb. 25

The movement against Disney (DIS Quote) CEO Michael Eisner has gained two high-profile supporters.

Investors welcomed the opposition, bidding up the stock 60 cents, or 2.3%, to $26.90 on the Instinet premarket session.

The California Public Employees' Retirement System -- the nation's largest public pension fund and one of Disney's 30 largest shareholders -- said Wednesday it would withhold votes for Eisner and three other company directors at Disney's shareholder meeting next week. CalPERS cited the company's "dismal performance" over the past five years, among other issues. ...