Disney splits chairman and CEO roles after shareholder rebuke
Disney's board voted to separate the chairman and chief executive roles. George Mitchell was named chairman, while Michael Eisner remains CEO. Shareholders had withheld 43 percent of Eisner's vote, and critics vow to continue pressuring for change. The move takes effect immediately.
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Ebbers pleads not guilty in WorldCom fraud case
Former WorldCom chief Bernard Ebbers pleads not guilty to charges stemming from an $11 billion accounting fraud. He is held on a $10 million bond as prosecutors signal possible further charges and witness testimony from ex-finance chief Scott Sullivan. trial set for November 9.
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