Fate of Disney

[Jiminy Cricket]

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.

[Kellie19891992]

wouldn't they have to buy out the remainding years on his contract?

[adambreakey]

I saw that interview also - Roy looked tired and un-interested in the interview. I am glad Gold was there to step in.

adamb

[disneydame2004]

I got this from SaveDisney today:

[exerpt]
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
[end exerpt]

It included links to the email & fax pages. You can probably access it directly at SaveDisney.com