Studios Central: Eisner is Leaving Disney - Studios Central

Jump to content

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

Eisner is Leaving Disney

#1 User is offline   TrendyMagic 

  • Studios God
  • Group: Members
  • Posts: 3,122
  • Joined: 22-February 03
  • Gender:Male
  • Location:SF Bay, CA
  • Interests:Disney. Should there be anything else?

Posted 10 September 2004 - 07:14 AM

from http://money.cnn.com...isner/index.htm

Eisner saying goodbye to Mickey
Embattled CEO to retire from Disney in 2006 when contract expires; says 'I'm going to Disneyland.'
September 10, 2004: 7:48 AM EDT

NEW YORK (CNN/Money) - Embattled Disney CEO Michael Eisner will leave the media conglomerate in two years, the company announced early Friday.
Michael Eisner plans to retire as Disney CEO in two years, the company said Friday.

Eisner, who has led the company for nearly 20 years, sent a letter to the board of the Walt Disney Co. on Thursday saying he planned to retire at the expiration of his employment contract Sept. 30, 2006.

Eisner, 62, was stripped of the his position as chairman of the company after about 43 percent of shareholders voted in May not to return him to the board. But he retained the support of the company's board, despite attacks from two former board members, Stanley Gold and Roy Disney, the nephew of company founder Walt Disney.


Shares of Disney (DIS: Research, Estimates) fell in European trading early Friday on the news.

In an interview published Sunday in the Los Angeles Times, Eisner said Disney President Robert Iger was his "preferred choice" to succeed him. Iger, a veteran broadcasting executive, told the newspaper he was interested in the job.

Eisner's letter to the board recalled how much the company has grown in his 20 years heading the company, with revenue rising to a projected $30 billion this year from $1.7 billion when he took over.

He ended the letter with the company's famous advertising line which he said had been suggested by his wife, Jane: "I'm going to Disneyland!"

The company acquired television networks ABC and ESPN during his tenure, as well as independent film studio Miramax. It also opened several new theme parks.

But Disney has seen disappointing ratings at ABC and poor box office from many Disney films this year.

Roy Disney charged Eisner's management style chased away some key talented executives from the company. But at least one analyst said Friday that Eisner doesn't deserve all the blame heaped upon him in the last year.
Click here for a look at media and entertainment stocks

"He's been such a lightening rod for criticism, often times for things that were clearly not in his purview to make better," said Jeffrey Logsdon, analyst with Harris Nesbitt. "If theme park attendance goes down because of 9/11, is that Michael's fault?"

Logsdon said it is too soon to say if Eisner's departure will stop the turmoil among Disney shareholders, but he doubts there will be much lasting effect on shares.
0

#2 User is offline   Tinkerbell2004 

  • Studios God
  • Group: Moderators
  • Posts: 1,815
  • Joined: 12-February 03
  • Location:Georgia
  • Interests:DISNEY

Posted 10 September 2004 - 07:17 AM

YAY!!!!!!!!!!!!!!!!



0

#3 User is offline   QuickGold 

  • Studios Superman
  • Group: Root Admin
  • Posts: 22,079
  • Joined: 15-July 02
  • Gender:Male
  • Location:Saint Cloud, Florida

Posted 10 September 2004 - 09:19 AM

Still got 2 more years with him.....
0

#4 User is offline   wishingtree 

  • Senior Studios Member
  • Group: Members
  • Posts: 304
  • Joined: 24-September 02
  • Gender:Male
  • Location:Delaware, USA
  • Interests:Disney, music and sports(especially hockey)

Posted 10 September 2004 - 08:40 PM

QuickGold said:

Still got 2 more years with him.....


But we can help him start to pack :lol:
Jim

"Tact is for people who aren't witty enough to be sarcastic!!!"
0

#5 User is offline   disneyprincess 

  • Studios God
  • Group: Members
  • Posts: 3,853
  • Joined: 30-May 03
  • Location:Walt Disney World

Posted 11 September 2004 - 01:26 AM

Don't celebrate too much, wait until we see who is replacing him, it could get worse....
0

#6 User is offline   QuickGold 

  • Studios Superman
  • Group: Root Admin
  • Posts: 22,079
  • Joined: 15-July 02
  • Gender:Male
  • Location:Saint Cloud, Florida

Posted 11 September 2004 - 09:38 AM

disneyprincess said:

Don't celebrate too much, wait until we see who is replacing him, it could get worse....

Yep....like if Paul Pressler came back :frownblue:
0

#7 User is offline   disneyprincess 

  • Studios God
  • Group: Members
  • Posts: 3,853
  • Joined: 30-May 03
  • Location:Walt Disney World

Posted 11 September 2004 - 02:59 PM

QuickGold said:

disneyprincess said:

Don't celebrate too much, wait until we see who is replacing him, it could get worse....

Yep....like if Paul Pressler came back :frownblue:


exactly :roll:
0

#8 User is offline   TrendyMagic 

  • Studios God
  • Group: Members
  • Posts: 3,122
  • Joined: 22-February 03
  • Gender:Male
  • Location:SF Bay, CA
  • Interests:Disney. Should there be anything else?

Posted 11 September 2004 - 05:26 PM

Who is this lady from eBay all these tv experts keep talking about?
0

#9 User is offline   QuickGold 

  • Studios Superman
  • Group: Root Admin
  • Posts: 22,079
  • Joined: 15-July 02
  • Gender:Male
  • Location:Saint Cloud, Florida

Posted 11 September 2004 - 06:34 PM

The CEO of Ebay is a female who has done very well over there. Succesful female CEO's are a hot commidity right now.
0

#10 User is offline   wishingtree 

  • Senior Studios Member
  • Group: Members
  • Posts: 304
  • Joined: 24-September 02
  • Gender:Male
  • Location:Delaware, USA
  • Interests:Disney, music and sports(especially hockey)

Posted 11 September 2004 - 06:58 PM

Unfortunately, there is still a board full of Eisner "yes men". There are a ton of qualified people who could do a better job than Iger or Pressler. Steve Jobs has been brought up many times. CEO of Disney is not an entry level CEO position. Eisner has made the company a media giant(ouch!!! that compliment was painful). It is a whole different ballgame from a tech company.

Someone like Jobs is well schooled from Apple and Pixar(wouldn't that be perfect, Pixar CEO takes control of Disney). :twisted:
Jim

"Tact is for people who aren't witty enough to be sarcastic!!!"
0

#11 User is offline   TrendyMagic 

  • Studios God
  • Group: Members
  • Posts: 3,122
  • Joined: 22-February 03
  • Gender:Male
  • Location:SF Bay, CA
  • Interests:Disney. Should there be anything else?

Posted 11 September 2004 - 08:00 PM

wishingtree said:

Someone like Jobs is well schooled from Apple and Pixar(wouldn't that be perfect, Pixar CEO takes control of Disney). :twisted:


That would be great! Sadly I do see someone who is 'in' with Eisner being the one. They need to think just as they did in the early 80's when they brought Eisner on... Someone -outside- with a fresh bowl of ideas and that knows how to make them happen effectivly.
0

#12 User is offline   QuickGold 

  • Studios Superman
  • Group: Root Admin
  • Posts: 22,079
  • Joined: 15-July 02
  • Gender:Male
  • Location:Saint Cloud, Florida

Posted 12 September 2004 - 09:22 AM

Don't expect someone totally out of left field. They'll replace him with someone far more "predictable".
0

#13 User is offline   Tinkerbell2004 

  • Studios God
  • Group: Moderators
  • Posts: 1,815
  • Joined: 12-February 03
  • Location:Georgia
  • Interests:DISNEY

Posted 12 September 2004 - 10:55 AM

how about me that would be a fun job



0

#14 User is offline   lilchippewa 

  • Studios God
  • Group: Members
  • Posts: 1,167
  • Joined: 15-July 02
  • Location:Illinois

Posted 12 September 2004 - 08:10 PM

I wouldn't be surprised to see a female replace Eisner. It would be a huge plus for public relations if they did that.
-Josh
0

Share this topic:


Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users