Posted Thursday, February 12, 2004 8:04 AM | Contributed by Brian Noble
Fund advisor Institutional Shareholder Services on Wednesday recommended that Walt Disney Co. shareholders vote against reelecting Chief Executive Michael Eisner to the board of directors. The firm says that the lines between the CEO and board are too blurred for Eisner to be effective.
Read more from Reuters via Yahoo.
*** This post was edited by Brian Noble 2/12/2004 9:01:19 AM ***
...AND, they made more than a minor side-mention re: Roy Disney. Certainly seems like a LOT more is going on than Eisner wanted the shareholders to believe...
Mike E., you just might be.....the weakest link.....g'bye!
*** This post was edited by Soggy 2/12/2004 11:18:54 AM ***
WHY should you be "disturbed" by an attack on such a strong and profitable company whose outlook is SO exceptionally positive? I'd think if you were THAT convinced of your obvious growth and future earnings that you could just IGNORE such a "misleading and distorted campaign".
Jeff IS right that the true Disney-heads often see their (Disney) world in black-and-white that really exceeds the reasonableness considering the situation. THIS time, however, I'm looking at TODAY'S news item (the $66B bid) and thinking that the Mouse House is indeed in a time of great flux....which DIRECTION the empire takes is likely to be decided very soon, and I do honestly believe that Eisner has more than outlived his usefulness at his current position (and possibly created a rift in the company that will have longer-lasting and potentially catastrophic consequences).
There have been several comments recently intimating that Roy's displeasure with Eisner is a result of his ousting....frankly, it sure LOOKS to be the other way around to me. I believe that Roy's willingness to take unpopular positions that were contrary to Eisner's LED to his ouster....and I hope, for the sake of Disney, that Roy reutrns, triumphantly, to lead Disney into the 21st century.
For me, it's NOT about what rides are constructed, or whether this "venture" is profitable or not, it's about KIDS, and CREATIVITY, and EXCELLENCE, not taking a back seat to the accountants....
bill, NOT a Disney-freak...
I agree with it all.
Frank- who just hopes everything works out for Disney.
Like I stated before, regardless of how well the company was doing under Eisner, under better leadership and with someone with an ounce of creativity and imagination, it could have been doing much better all along regardless of 9/11 or any other excuses Eisner used.
But don't think the Comcast deal or that Pixar aren't involved in this as well. I have no doubt that there is more going on behind the scenes and things are being manuvered and set up for executives from one of those companies to step in and eventually be running the show.
You're not the only one:
Lots of speculation and rumor, but...
Comcast takes over Disney and goes to Pixar and says "Hey, wanna come back and work with us again?"
and Comcast cuts Pixar a better deal than what Disney gave them (wasn't it like 50/50 or something outrageous like that?)
thing is, Pixar got screwed by Disney all the way. ive been a fan of Pixar for almost 20 years, ever since "Luxo Jr" made the rounds of the computer animation festivals.
as great as Pixar is, it costs EXORBITANT amounts of money to make their movies and when Disney stepped in it allowed Pixar to become what it is today. Pixar was not, and is not, financially ready to stand on their own. they are not ILM or WETA...YET.
if Comcast gets Disney, i hope and pray that they get Pixar back in the stable, especially considering what Pixar has planned for the next release....
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