Fund manager undermines Eisner

WALT DISNEY chief executive Michael Eisner spent six weeks seeking support from the largest fund manager adviser in the US to stave off an attempt to oust him from the board.

His failure may undermine him as he fights a $54.1 billion hostile takeover bid by Comcast.

Institutional Shareholder Services yesterday recommended that investors withhold votes from Mr Eisner, who is seeking re-election to the board at Disney’s March 3 annual meeting.