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Disney's Board Carries the Day This Time

Stock quotes in this article: DIS  

Disney (DIS Quote) shareholders sent a message to the company's board Friday: Nearly all is forgiven.

Each of the company's 12 directors received the support of at least 92.2% of voting stockholders for their re-election to the company's board, it was announced at the media and entertainment conglomerate's annual meeting Friday.

The ballot, tallied from proxies representing nearly 88% of shares eligible to vote, comes a year after an unprecedented 45% of votes were withheld for CEO Michael Eisner.

Criticism of Eisner -- which came from multiple sources for a variety of reasons -- climaxed in Eisner's loss of his post as chairman of Disney's board immediately after the contentious shareholder meeting last March. ...

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