Fate of Disney
Roy E. and Mr. Gold were just on CNBC. To make a long story short, they are calling for Mr. Eisner to leave Disney ASAP--no chairmanship either. The Disney Co. is not in good shape according to the two. Remedies? Have to get rid of Mr. Eisner first.
Roy E. and his family own 17,000,000 ($391,000,000) shares of Disney stock (trading @ $23/share). He wants more value for his stock. Steve Jobs and PIXAR will come back to Disney as soon as Mr. Eisner is gone.
Time will tell.
wouldn't they have to buy out the remainding years on his contract?
I saw that interview also - Roy looked tired and un-interested in the interview. I am glad Gold was there to step in.
I got this from SaveDisney today:
The Walt Disney Company Board of Directors is scheduled to hold several days of meetings in Burbank beginning Sunday, September 19, 2004.* We feel it is imperative that the Board address the issue of Michael Eisner's succession at this meeting and have drafted the*attached letter*to that end.* We want Chairman George Mitchell and General Counsel Alan Braverman to understand that we are not alone.* If you agree that any extension of an Eisner/Iger management will be detrimental to your Company, and that two years is too long to wait for a resolution to this matter, please forward our letter, along with any additional comments, via*email , as well as by*FAX to the numbers below:*printable version for FAXING
It included links to the email & fax pages. You can probably access it directly at SaveDisney.com