Disney Investment Firm Says Huey, Dewey and Louie Duck Were Elected to TXI Board
Shamrock and TXI, which won't announce the voting results till next week, have been engaged in a wet-concrete wrestling match for some time, with the Disneys insisting that TXI chairman Robert Rogers -- an executive board member at the SMU Cox School of Business -- ain't doing such a hot job running the company, even in a down market. Hence the proxy fight that's been brewing since June with no resolution. (Said TXI CEO Mel Brekhus in an October 12 statement, "We are certainly disappointed with Shamrock's lack of interest in a cooperative agreement.") Stanley Gold, Shamrock's president and CEO, tells The Times, "This is the largest repudiation of a company's leadership that I've seen. It's a wake-up call to Texas Industries and Mr. Rogers that they better get their act together."