Alcibiades
Member
http://servihoo.com/channels/kinews/v3news_details.php?id=53406&CategoryID=47
September '06 can't come soon enough...
I may actually become a Disney fan again.
Too many terrible moments, including his infamous prediction that "Pearl Harbor will be the biggest movie of the summer" back in 2001, then got spanked by rival DreamWorks with Shrek.
That movie was a totally positioned for a repeat of Titanic and luckily that didn't happen.
Disney CEO Michael Eisner to step down in 2006
[10 Sep 2004]
LONDON (AFP)
Walt Disney chief executive Michael Eisner will resign when his current term ends in 2006 after two decades as head of the media giant, he said in a letter to the board.
"I plan to retire from my role as chief executive officer of the company upon the conclusion of the term of my employment agreement on September 30, 2006," Eisner said Friday in the letter -- a copy was provided to AFP in London.
Eisner, who has been the target of aggressive shareholder discontent this year, also said: "Until then I shall continue to exert every effort to help the company achieve our goals, to assist the board in selecting the new chief executive officer, and to make the transition expeditious, efficient, and smooth and easy."
The letter put in formal form information provided by the 62-year-old Disney chief in an interview with the Wall Street Journal published earlier in the day.
Eisner had told the newspaper his decision had nothing to do with recent crises at Disney. It was "not asked for, not motivated by current circumstances at all," he said.
The group was forced to fight off a hostile bid by US cable group Comcast in April, while Eisner finally won support from the Disney board in May after 43 percent of shareholders voted to oust him in early March.
September '06 can't come soon enough...
I may actually become a Disney fan again.
Too many terrible moments, including his infamous prediction that "Pearl Harbor will be the biggest movie of the summer" back in 2001, then got spanked by rival DreamWorks with Shrek.
That movie was a totally positioned for a repeat of Titanic and luckily that didn't happen.