ISS recommends "vote no" on Disney's Eisner
Fund advisor Institutional Shareholder Services on Wednesday recommended that Walt Disney Co. (NYSE:DIS - News) shareholders vote against reelecting Chief Executive Michael Eisner to the board of directors.
The move by a powerful force on Wall Street effectively endorsed part of the "vote no" campaign by dissident shareholder Roy Disney. ..... .....
ISS, which makes recommendations on proxy votes that some funds are required to follow, advised voting in favor of the three other directors opposed by Roy Disney and noted that corporate governance changes were being made.