PHILADELPHIA: Michael Eisner has been stripped of his post as chairman of Walt Disney Co but managed to keep his position as chief executive although 43% of the company’s shareholders voted against him in an unprecedented protest.
Convening here after a stormy annual meeting, Disney’s board said it had elected former US Senator George Mitchell as the new chairman. But it said Eisner, 61, had the board's unanimous backing as Disney’s top executive even after a shareholder vote widely seen as a rebuke to his leadership.
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