14 February 2013 6:16 PM, PST | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

The nation's second-largest pension fund said Thursday it will vote against the nomination of several directors at Disney's next shareholder meeting, including chairman and CEO Bob Iger. The objection from the California State Teachers' Retirement System, or CalSTRS, is one it has raised several times before -- that one person should not be both chairman and CEO. In its announcement Thursday, CalSTRS even invoked Michael Eisner, who left Disney eight years ago. "Here we go again, sliding back into a governance structure that has already proved detrimental to the company's long-term growth and to its shareholders' interests," CalSTRS

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