Disney shareholders: The happiest on Earth?
So, Walt Disney Co. chairman George Mitchell, the ex-senator who knows tons about how to make peace in Northern Ireland but far, far less about corporate governance, has survived – for now.
But Mouse CEO Robert Iger says “a succession plan” is being discussed, meaning that Mitchell will likely not see another Disney shareholder’s meeting.
As Bloomberg notes, there is already considerable institutional shareholder opposition, to say nothing of Disney’s own corporate governance code:
“We’ve never thought that Mitchell was an appropriate chairman for the company and that’s all the more true since he’s passed the retirement age,” said Glass Lewis CEO Greg Taxin.
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