Disney Board Supports Eisner
Posted: Wed Apr 28, 2004 8:06 pm
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.
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.