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Disney Dissidents: Eisner Lacks Support Apr 19, 5:54 PM EST An overwhelming number of retirement fund shares held by current and former employees of The Walt Disney Co 6 million shares in the 401(k) plan are less than 1 3 percent of all votes cast that withheld support from Eisner and the 25 The votes were cast at the company's annual shareholders meeting March 3 in Philadelphia Gold and Roy Disney called the employee vote a "meaningful barometer of employee dissatisfaction" and an indication that Eisner was a "lame duck" who does not have the support needed to lead Disney shares gained 6 cents to close at $24 Records released by the company show that 72 It is not known how many shares were owned by the 9,400 plan participants â€â€? some of whom are retired or have left the company Of the votes cast, 63 The two resigned from the board last fall, saying they were dissatisfied with the company's leadership and tepid stock performance since 1997 After the meeting, Disney's board split the roles of chairman and CEO, naming Mitchell chairman and leaving Eisner as CEO Disney representatives were quick to point out Monday that the 28 6 million shares in direct prorata proportion to the shares actually voted by employees The vote is far higher than the 45 7 percent withheld support for board chairman George Mitchell, the figures show Disney said in a statement 96 Monday on the New York Stock Exchange Disney noted that Fidelity Management, which serves as trustee for the retirement plan, voted the entire 28 "This is another blatant distortion and manipulation of data in an attempt to continue to mislead Disney shareholders," company spokesman John Spelich said Eisner can do what needs to be done at this company without the support of the company's employees," they said 6 percent withheld from Mitchell 5 percent of the votes cast by the trustee of Disney's 401(k) program, withheld support for the re-election of Eisner 5 percent of outstanding shares Since then, Disney has said it expects earnings growth of 40 percent this year and double digit growth through 2007 "It is hard to see how Mr were cast against chief executive Michael Eisner at the company's annual meeting â€â€? further evidence that Eisner should go, two Disney dissidents said Monday Disney also said that fewer than 9,400 of the approximately 36,000 participants in the retirement plan actually cast a ballot â€â€? a turnout of about 25 percent "The simple fact is that the vast majority of people who participate in the company's 401(k) plans and voted their shares at the annual meeting have no confidence in either their CEO or their newly elected chairman," ex Disney directors Stanley Gold and Roy E " Its title was taken from the inscription on the gravestone of his father, Benjamin, who committed suicide in 1949 when Spector was 9 They divorced in 1974 m Mitchelson said he and Spector had been trying to put together a movie about Spector's life The technique combined instruments, vocals and sound effects, and it changed the way pop records were produced while bringing fame to singing groups like the Ronettes and the Crystals His last major album was "End of the Century," a 1980 collaboration with the Ramones He worked with John Lennon on "Imagine" and helped Yoko Ono produce Lennon's work after he was killed in 1980 1 million in 1998 I don't think Phil had it in him to murder anybody," Marky Ramone, drummer for the Ramones, told the Fox News Channel Records show Spector bought the home for $1 , sheriff's Sgt But I began to realize it was very unhealthy Record Producer Phil Spector Arrested Feb 3, 4:43 PM EST Phil Spector, the legendary record producer whose "Wall of Sound" helped change the sound of pop music in the 1960s, was arrested Monday in a homicide investigation after the body of a woman was found at his suburban mansion " Spector was a 17-year-old student at Fairfax High School in Los Angeles when he wrote and produced his first No Spector is famous for creating the "Wall of Sound" effect that involved overdubbing scores of musicians to create a full, dramatic sound But his production style, involving heavy use of echo, went out of style The producer is alleged to have demonstrated near-psychotic and abusive behavior, according to a 1995 biography by Rolling Stone magazine During the session, the late bassist Dee Dee Ramone once said, Spector pulled a gun on the band In his storied career, Spector produced records for Elvis Presley, Ike and Tina Turner, the Righteous Brothers and Darlene Love Among the hits to bear his signature style include "Da Doo Ron Ron" and "Then He Kissed Me" by the Crystals; "Walking in the Rain" by the Ronettes" and "You've Lost That Lovin' Feelin'" by the Righteous Brothers Spector, who was inducted into the Rock and Roll Hall of Fame in 1989, has been reclusive over the past couple of decades A close friend, attorney Marvin Mitchelson, said Spector lived alone and didn't have a girlfriend Spector's second wife was Ronnie Bennett, lead singer of the Ronettes He has five children from his marriages Joe Efflandt said Until anything happens, you're innocent until you're proven guilty "Being the rich millionaire in the mansion and then dressing up as Batman "It had to stop," Spector said of his behavior in a 1977 Los Angeles Times interview The Ronettes have sued Spector for allegedly cheating them out of earnings from the recordings "I don't think he would hurt a fly He was taken to the Alhambra Police Department and bail was set at $1 million Authorities did not immediately identify the woman, her relationship to Spector or say how she died "His mental state has been great â€â€? very rational, very together," the attorney said A black Mercedes-Benz sedan with the passenger door open was parked in the driveway of the home, cordoned off by police tape His session players, known as the "Wrecking Crew," included guitarist Glen Campbell, pianist Leon Russell, drummer Hal Blaine and the late Sonny Bono, who learned the producer's trade under Spector 1 hit for the Teddy Bears, a 1958 ballad called "To Know Him Is to Love Him Spector, 62, was arrested at the castle-like estate around 5 a The lawsuit, which seeks $3 million, is pending in New York state court He produced the last Beatles album, "Let It Be," in 1970 Paul McCartney is known to hate Spector's work on "Let it Be," done without his consent, and has said he wants to release the album stripped of Spector's contributions I have to admit I did enjoy it to a certain extent |
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