Roy E. Disney’s anti-Eisner campaign moves to Philadelphia next month, where the Walt Disney Co. will have its annual meeting on March 3. Disney and Stanley P. Gold have invited Mouse House shareholders to a SaveDisney.com briefing and reception on March 2 at the Loews Hotel, 1200 Market Street, from 4:00 p.m. to 6:00 p.m. A press briefing is being scheduled for earlier that day.
The two former Disney Company directors have even secured special discount travel arrangements to encourage Disney shareholders to attend their briefing, in which they will outline the reasons to vote "No" on the election of Michael Eisner, George Mitchell, John Bryson and Judith Estrin as Disney directors.
“It is our belief that the more Disney shareholders know the more likely they are to support our position," they state on www.SaveDisney.com. “We have every expectation that you will see a lot of glitz and razzle-dazzle at Disney’s annual meeting. Unfortunately, in our view that has been the modus operandi of the company in recent years: a lot of fluff and not enough substance. We believe the company’s shareholders deserve the facts without the spin."
Issues to be addressed at the briefing include deficiencies in Walt Disney Co.’s operating income, earnings and stock market confidence. “There is much more we intend to share with you including our thoughts concerning the Company’s serious governance deficiencies and the actions we believe need to be taken to correct these deficiencies,” say Disney and Gold.