You guys won't like this....
From imdb.com:
Disney Board Supports Eisner
Following a two-day retreat at company headquarters in Burbank, the Walt Disney Company's board of directors reiterated their support of CEO Michael Eisner Tuesday. "The board continues to have complete confidence in Michael Eisner, [COO] Bob Iger and the senior management team and in their strategic growth plan to continue to strengthen the company's position as the global leader in quality family entertainment," the board said in a statement. The board also indicated that it had discussed succession issues regarding Eisner but gave no details. A source told the Los Angeles Times that the board is in the process of evaluating possible internal candidates for the job and has no plans to go outside the company.
At least the Comcast thing is not going through, here is the article even tho this was discussed in general, here it is again:
Comcast Lets Mouse Loose
As expected, Comcast dropped its bid for the Walt Disney Co. today (Wednesday), saying that it had become clear that Disney had no interest in a merger. "We have always been disciplined in our approach to acquisitions," Brian L. Roberts, president and CEO of Comcast, said in a statement. "Being disciplined means knowing when it is time to walk away. That time is now." The company had been caught in a kind of lose-lose situation. Its original bid on Feb. 11 had been worth $54 billion. But Comcast shareholders showed no enthusiasm for it, causing the company's shares to fall and reducing the value of the bid. Speculation that it might raise the bid, however, caused Disney's shares to rise to a 52-week high. With Comcast throwing in the towel, the cable company's shares immediately shot up 6 percent. However, Disney's shares, which had risen to $28.41 after Comcast's bid in February, were trading at $23.60 following the Comcast announcement, down about 2 percent from Tuesday.
Disney Board Supports Eisner
I am not supriced that the board of directors are standing by Eisner.
To me this looks like a parody on a real board. Eisner has over the years placed lots of good friends there, and made sure that they will stand by him whatever happens.
But if the shareholders continue to dislike Eisners way to run the company, the board will get a lot of "no confident" votes on the next anual meeting.
To me this looks like a parody on a real board. Eisner has over the years placed lots of good friends there, and made sure that they will stand by him whatever happens.
But if the shareholders continue to dislike Eisners way to run the company, the board will get a lot of "no confident" votes on the next anual meeting.
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Son of the Morning
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Eisner vs. Comcast...
... I would sooner support the former, though, it would take a cold day in Hell.
... I would sooner support the former, though, it would take a cold day in Hell.
<a href="http://dvdaficionado.com/dvds.html?id=c ... nation">MY DVD COLLECTION</a>
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Maerj
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Found an update at imdb:
Disney Dissidents Lambaste Disney Board
Disney Co. dissidents Roy Disney and Stanley Gold lashed out Wednesday at the Disney board for its refusal to find a successor to Michael Eisner. At a two-day retreat earlier this week, the board reportedly decided to evaluate existing Disney executives but ruled out considering potential candidates from outside the company. "It appears the only 'succession plan' is to keep Mr. Eisner as CEO for as long as he wants," Disney and Gold said in a statement. "Merely reviewing and supporting the in-house executive team is too little, and too late. The real solution to the company's leadership problems must be sought elsewhere."
Disney Dissidents Lambaste Disney Board
Disney Co. dissidents Roy Disney and Stanley Gold lashed out Wednesday at the Disney board for its refusal to find a successor to Michael Eisner. At a two-day retreat earlier this week, the board reportedly decided to evaluate existing Disney executives but ruled out considering potential candidates from outside the company. "It appears the only 'succession plan' is to keep Mr. Eisner as CEO for as long as he wants," Disney and Gold said in a statement. "Merely reviewing and supporting the in-house executive team is too little, and too late. The real solution to the company's leadership problems must be sought elsewhere."