Reading People Picker Through Javascript

var user;
var pe = document.getElementById('<%=PeopleEditor1.ClientID %>').getElementsByTagName('div');
var i;
var peopleEnt;
for (i in pe)
{
if (pe[i].id != null)

{
if (pe[i].id == 'divEntityData' && pe[i].description != null)
{
 peopleEnt = pe[i]
}
}
}
// this is the value from this textbo
//alert(peopleEnt.description)
obj.textval = peopleEnt.description;
window.frameElement.commonModalDialogClose(SP.UI.DialogResult.OK, obj);
  }