Director added to board
Wednesday, Dec. 3, 2003 | 9:19 a.m.
LOS ANGELES -- John S. Chen, chairman and chief executive of Sybase Inc., a computer software and wireless communications company, has been elected to the board of The Walt Disney Co., the company said Tuesday.
Chen will join the board in January as an independent director. The company was embroiled in controversy Sunday and Monday, when two other directors quit and called for Chairman Michael Eisner to resign.
Exiting directors Roy E. Disney and Stanley Gold blame Eisner for a tumbling stock price, embarrassing management missteps and a focus on short-term profits over the company's core mission. But the remaining directors issued a statement supporting Eisner.
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