December 16, 2009
Roy Disney, RIP
Posted by Trey Drury

Roy Disney died today at the age of 79.

Walt's nephew will likely be best remembered (around these parts, at least) as a full-time dissident director.  Just a few years ago, he led a revolt against Michael Eisner that culminated in a 45% withhold vote against Eisner's candidacy for re-election to the board.  This result shows Roy's relative power and influence - the Disney election played a significant role in the adoption of a majority voting standard for director elections at many companies.  It also demonstrates the relative lack of power of shareholders to influence corporate governance directly - Eisner was re-elected, and a 99% withhold vote wouldn't have altered that outcome.

Over the next few weeks, I look forward to sharing my thoughts with you about corporate governance, the role of law in director decision-making, and whatever else strikes my fancy.  As a born-and-bred New Orleanian, I am also excited to serve as a cyber-tour guide and resource for those of you coming down here in a few weeks for AALS.

Thanks to Gordon, Christine, and the rest of the gang for having me!

| Bookmark

TrackBacks (0)

TrackBack URL for this entry:

Links to weblogs that reference Roy Disney, RIP:

Recent Comments
Popular Threads
Search The Glom
The Glom on Twitter
Archives by Topic
Archives by Date
January 2019
Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
Miscellaneous Links