MIAMI, April 26 (UPI) -- The board of directors at Walt Disney Co. is trying to determine what to do about Chief Executive Officer Michael Eisner.
The board is holding its annual two-day retreat at Disneyland in California, through Tuesday, the Orlando Sentinel reported.
The board stripped Eisner of the title of chairman after a 45 percent anti-Eisner protest vote by shareholders, but he remains the CEO.
The directors will discuss whether to renew Eisner's contract after it ends in 2006. They also will discuss possible successors, or how to find them, in the event of Eisner's departure.
Most of the board appears to support Eisner, but the unhappy mood of investors is a significant consideration.
Eisner has endorsed Disney President Robert Iger to replace him in an emergency, but Iger is not viewed as an heir apparent.
There is still the specter of an unfriendly takeover. Cable company Comcast made an unsolicited bid earlier this year, but the board fought it off.