Posted Friday, February 27, 2004 8:00 AM | Contributed by Jeff Rowe
California's Public Employee Retirement System, holding 9.9 million shares of Disney stock, will not vote for Michael Eisner in Disney board elections. The announcement comes shortly after research firm Glass Lewis & Co. suggested that institutional stock holders not vote for Eisner.
Read more from AP via The San Francisco Chronicle.
But the Walt Disney Studios park could certainly use a huge amount of new rides and areas. We now have 3 rides, 3 shows and 2 "tours" about cartoons and television. Want to see it ? Costs as much as a whole day of Disneyland Paris, where there are nearly 25 decent rides.
Bring back Roy! :)
The demise of the Pixar relationship isn't awful until you take into account the fact that Disney hasn't produced a single successful computer animated film on it's own and they have laid off a good percentage of the work force that worked on traditional animation.
The parks have had more misses than hits. DCA and the Disney Studios both opened to far reaching disappointment. Mission Space has been well received and we can assume the new Animal Kingdom coaster will prove a hit.
In movies, Disney had a great year and you cannot deny that, but keep in mind that Nemo was a Disney/Pixar hit. Pirates could have gone either way. The early word was it would flop but audiences seemingly were ready for a big pirate movie.
ABC has held steady in news but entertainment programming has had more misses than hits. They even had to bring back Millionaire for the sweeps period, a show they handled like crap previously.
ESPN remains strong but I'm not sure if that is because of the Disney influence or in spite of it.
Who does Eisner have ready to succeed him? That is what Ovitz was supposed to be but that relationship floundered. Who is next in line?
I think the investors have the right to question things at this point and maybe Eisner is the one to keep the ship sailing...but maybe he isn't.
(no one watched Letterman on Wednesday?)
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