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Mitchell said the board is taking succession planning seriously and is considering candidates for chief executive and the next 10 top positions in the company Soon after that vote, the pension funds requested Friday's meeting to pressure Disney's board to adopt more extensive corporate governance measures, including establishing a committee devoted to regular communications with the funds " But he emphasized that the board has been meeting with other shareholders who, in some cases, have expressed opposite views from those expressed Friday " Connecticut State Treasurer Denise Nappier said Friday's meeting was a welcome contrast to a shareholders meeting she spoke at several years earlier "What happened on March 3 was that the focus changed from Michael Eisner to the board," Harrigan said "Today there was light "There are some serious problems with regard to his leadership," said Sean Harrigan, president of the California Public Employees Retirement System, the nation's largest public employees pension fund "It's the board's responsibility to decide whether they will go through a search and selection process to replace Michael Eisner 68 on Friday on the New York Stock Exchange Iger, who is also a board member, did attend, along with Chief Financial Officer Thomas Staggs, who made a presentation on the company's finances Mitchell said that the pension funds would be invited to nominate candidates for a new independent director, to be named by year's end After the meeting, the pension fund representatives from California, Connecticut, North Carolina, New York and Ohio called their meeting "fruitful," but said they would wait for actions that showed Disney's board was listening to their concerns "They did an outstanding job today of saying all the right things and quite honestly I'm not surprised at that," North Carolina State Treasurer Richard Moore said at a press conference While the pension funds together represent less than 2 percent of Disney's outstanding shares, they wield tremendous influence over corporate boards and led an effort that resulted in Disney shareholders withholding 45 percent of votes cast for the re-election of Eisner to the board at a March 3 annual shareholders meeting "We simply want them to understand that they don't speak for all shareholders " The pension funds stopped short of asking for the immediate resignation of Eisner He also questioned reports of Disney's deteriorating relationships with Bob and Harvey Weinstein, the founder of Miramax, which is owned by Disney Disney Urged to Become More Independent May 21, 7:23 PM EST Leaders of six large state pension funds urged the Walt Disney Co " Mitchell called the discussion, which was requested by the state pension funds, "cordial, civil, frank, and thorough "What needs to happen in the future is that some of the talk is backed up by appropriate action "Every board member should participate fully and actively" on the topic of succession planning, Mitchell said during a press conference "We didn't sit at that meeting and ask 'Are you firing Eisner today, next week or some time certain?'" New York State Treasurer Alan Hevesi said Disney board Chairman George Mitchell said he and the other five directors who attended Friday's meeting would consider all the suggestions, except for one asking for a special committee on the issue of succession "We are trying extremely hard to listen to everybody's views," Mitchell said Our task is to sort through all those views and make the judgments we think are in the best interests of the shareholders " In addition to demanding improved fiscal performance in the coming years, the pension fund leaders asked Disney that all future executive compensation agreements be sent to investors for comment 30 days before being adopted â€â€? a step that exceeds any current corporate governance standards "The room was dark and I could not see the board members," Nappier said of the 2002 shareholders meeting held in Hartford, Conn Eisner did not attend the meeting Specifically, Harrigan questioned the company's loss of its relationship with Pixar Animation Studios, which has produced Disney's most successful animated films in recent years But they made it clear they expected Disney's board to seriously consider whether Eisner is the best person to lead the company going forward " Disney shares fell 37 cents to $22 He also gave yet another strong endorsement of Eisner, Disney President Robert Iger and the current management team which, he said, is delivering improved performance and has pledged double-digit earnings increases through 2007 board Friday to become more independent and be more aggressive in finding a successor for chief executive Michael Eisner The pension funds met for 2 1/2 hours in New York Friday with six Disney board members in what both sides described as a frank and thorough exchange on a variety of issues, including problems at the ABC Television network and the company's troubled relations with Pixar Animation Studios and Miramax Pictures He said the planning includes all contingencies, including the sudden death or disability of an executive or a vacancy "created by an executive leaving voluntarily or by the board creating a vacancy Disney has already separated the duties of chairman and chief executive officer, a key demand of the pension funds " BEST SOUND DESIGN: Mike Walker, "Jerry Springer â€â€? the Opera"; Nick Lidster, "Pacific Overtures"; Peter Hylenski, "Ragtime"; Paul Arditti, "The Pillowman " BEST THEATER CHOREOGRAPHER: Jerry Arnold, "Jerry Springer â€â€? the Opera"; Rob Ashford, "Thoroughly Modern Millie"; Karen Bruce, "Pacific Overtures " BEST PERFORMANCE IN A SUPPORTING ROLE: Joe Dixon, "The Roman Actor"; Oliver Ford Davies, "Absolutely! (Perhaps)"; Paul Hilton, "Mourning Becomes Electra"; Warren Mitchell, "The Price " MOST PROMISING NEWCOMER IN AN AFFILIATE THEATER: Debbie Tucker Green, "Born Bad"; Lucy Prebble, "The Sugar Syndrome"; Tom Hardy, "In Arabia, We' All Be Kings"; Ruth Negga, "Duck List of Olivier Awards Nominees for 2004 Jan 15, 12:04 PM EST Nominations for the 2004 Laurence Olivier Awards: BEST ACTRESS: Eileen Atkins, "Honour"; Helen Mirren, "Mourning Become Electra"; Ann Mitchell, "Through the Leaves"; Kelly Reilly, "After Miss Julie"; Kristin Scott Thomas, "The Three Sisters " OUTSTANDING MUSICAL PRODUCTION: "High Society"; "Joseph and the Amazing Technicolor Dreamcoat"; "Pacific Overtures"; "Tell Me on a Sunday "< /p> BEST NEW PLAY: Michael Frayn, "Democracy"; Kwame Kwei-Armah, "Elmina's Kitchen"; Terry Johnson, "Hitchcock Blonde"; Martin McDonagh, "The Pillowman " BEST NEW MUSICAL: "Jerry Spring, the Opera"; "Ragtime"; "Thoroughly Modern Millie " BEST LIGHTING DESIGN: Simon Corder, "Hitchcock Blonde"; Hugh Vanstone, "Pacific Overtures"; Howard Harrison, "Ragtime " BEST ACTOR IN A MUSICAL: David Bedella, "Jerry Springer â€â€? the Opera"; Graham Bickley, "Ragtime"; Michael Brandon, "Jerry Springer â€â€? the Opera"; Kevyn Morrow, "Ragtime " BEST PERFORMANCE IN A SUPPORTING ROLE IN A MUSICAL: Tracie Bennett, "High Society"; the chorus of "Jerry Springer â€â€? the Opera"; Richard Henders, "Pacific Overtures"; Jerome Pradon, "Pacific Overtures"; Matthew White, "Ragtime " BEST COSTUME DESIGN: Raimonda Gaetani, "Absolutely! (Perhaps)"; Mara Blumenfeld, "Pacific Overtures"; Christopher Oram, "Power"; Martin Pakledinaz, "Thoroughly Modern Millie " OUTSTANDING ACHIEVEMENT IN OPERA: Cristina Gallardo-Domas, "Madama Butterfly"; Simon Keenlyside, "Hamlet" and "Die Zauberflote"; Bejun Mehta, "Orlando"; Felicity Palmer, "Elektra" and "Sweeney Todd " OUTSTANDING ACHIEVEMENT IN DANCE: Carlos Acosta, "Tocororo, a Cuban Tale"; Thomas Edur and Agnes Oaks, "Human"; Javier De Frutos, "Elsa Canasta"; the dancers of Rambert Dance Company for the season at Sadlers Wells " BEST ENTERTAINMENT: "C'est Barbican!"; "One Last Flutter"; "Jus' Like That"; "My Brilliant Divorce"; "The Rat Pack Live From Las Vegas " BEST REVIVAL: Luigi Pirandello, "Absolutely! (Perhaps)"; Albert Camus, "Caligula"; Eugene O'Neill, "Mourning Becomes Electra"; John Steinbeck, "Of Mice and Men " BEST NEW OPERA PRODUCTION: English National Opera, "Cosi Fan Tutte"; The Royal Opera, "Madama Butterfly"; The Royal Opera, "Orlando"; English National Opera, "The Trojans (Part I and II) " OUTSTANDING ACHIEVEMENT IN AN AFFILIATE THEATER: The Young Vic, artistic director David Lan; Tanika Gupta, "Fragile Land" and "Hobson's Choice"; Almeida Theatre, "The Lady From the Sea"; Lyric Hammersmith, "Pericles " BEST ACTRESS IN A MUSICAL: Maria Friedman, "Ragtime"; Amanda Holden, "Thoroughly Modern Millie"; Alison Jiear, "Jerry Springer â€â€? the Opera"; Maureen Lipman, "Thoroughly Modern Millie " BEST DIRECTOR: Stafford Arima, "Ragtime"; Michael Grandage, "Caligula"; Gary Griffin, "Pacific Overtures"; Stewart Lee, "Jerry Springer â€â€? the Opera " BEST SET DESIGN: Franco Zeffirelli, "Absolutely! (Perhaps)"; William Dudley, "Hitchcock Blonde"; Bob Crowley, "Mourning Becomes Electra " BEST NEW DANCE PRODUCTION: Nederlands Dans Theater 2, "Dream Play"; George Piper Dances, "Mesmerics"; Paul Taylor Dance Company, "Promethean Fire"; George Piper Dances/The Royal Ballet, "Broken Fall " BEST ACTOR: Roger Allam, "Democracy"; Kenneth Branagh, "Edmond"; Greg Hicks, "Corialanus"; Matthew Kelly, "Of Mice and Men"; Michael Sheen, "Caligula |
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