The Five Dumbest Things on Wall Street This Week
1. Snow White and 72.5% of the Dwarfs
One suspects that plenty of executives wouldn't win popularity contests among current and former employees. But for Disney's (DIS Quote) Michael Eisner, it's officially no longer a suspicion.
After weeks of nosing around by disgruntled former Disney directors Stanley Gold and Roy Disney, we learned this week that when participants in Disney's 401(k) plan cast their votes last month, 72.5% of shares were voted against re-electing CEO Eisner to the board.
We don't know how representative that number is of the sentiment among current and former Disney employees. The 9,400 401(k) participants who voted amount to only a fraction of Disney's 112,000 workforce, and we don't know how many of the voters are current Disney employees as opposed to former ones. ...
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