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FredAkbar

macrumors 6502a
Original poster
Jan 18, 2003
660
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San Francisco, CA
Michael Eisner plans to step down as Walt Disney chief executive when his contract expires in September 2006.

The decision, announced in a letter from Eisner to the board that was released Friday, signals the end of the 62-year-old Eisner's two-decade reign at the helm of the Burbank, Calif.-based company. Eisner has presided over a vast expansion of one of the world's best-known brands, whose businesses range from theme parks to films to the ABC television network.

It also comes six months after Eisner, who became chief executive in 1984, narrowly survived a tumultuous battle led by dissident shareholders Stanley Gold and Roy Disney, a nephew of founder Walt Disney, to oust him from Disney leadership. Eisner was stripped of his role as Disney chairman.

Barry Hyman, chief investment strategist at Ehrenkrantz, King, Nussbaum, said Wall Street would be pleased by the move, which would clear up uncertainty.

"Two years should be plenty of time to find a successor and that may ease some of the pressure on the company," said Hyman, who does not own shares of the company.

[more]

link (cnet article)

Does this mean anything for Apple? Will Apple and Disney still not get along, or are much of the relationship problems due to Eisner?
 
Does this mean anything for Apple? Will Apple and Disney still not get along, or are much of the relationship problems due to Eisner?
It may mean that negotiations could start up between the two, but I wouldn't count on it. Pixar moving away from Disney proved that they are strong enough to stand on their own two feet at this point. Being able to freely move to any of the major studios that they want is a huge advantage for them, and will more than likely allow them to have higher profits. In a pure business sense, they are better off on their own, but having the Disney brand name on their products still means a great deal to parents and fans. Who knows what could happen...
 
Don't think Eisner had much of a choice other than to retire. 20 years at the helm is a pretty impressive achievement though, just heavily marred by the bickering of the last few years.
 
blueBomber said:
It may mean that negotiations could start up between the two, but I wouldn't count on it. Pixar moving away from Disney proved that they are strong enough to stand on their own two feet at this point. Being able to freely move to any of the major studios that they want is a huge advantage for them, and will more than likely allow them to have higher profits. In a pure business sense, they are better off on their own, but having the Disney brand name on their products still means a great deal to parents and fans. Who knows what could happen...

Pixar and Disney already renewed their deal. That happened several months ago after Eisner was stripped of his Chairman of the Board title. The other members of Disney's board and Disney shareholders realized how important a partnership with Pixar was, and Eisner was overruled.

EDIT: I was wrong, they have simply resumed talks. No deal was struck.
 
RBMaraman said:
Pixar and Disney already renewed their deal. That happened several months ago after Eisner was stripped of his Chairman of the Board title. The other members of Disney's board and Disney shareholders realized how important a partnership with Pixar was, and Eisner was overruled.

News to me. Gotta link?
 
Lets hope whoever takes over can fix the ABC Network, its gotten worse than Fox over the years, and everyone knows what type of stuff Fox shows.
 
It would be best for Disney if Eisner would retire ASAP. In two years there may not be a Disney if it keeps on its current path.
 
A real outside chance! CEO of three companies, I don't even know how he fits in two!! :p If anything I can see Steve cutting back a little bit on the work front.
 
munkle said:
A real outside chance! CEO of three companies, I don't even know how he fits in two!! :p If anything I can see Steve cutting back a little bit on the work front.
The scary thing would be if Steve's cutbacks meant merging Disney/Pixar and dumping Apple.
 
wordmunger said:
The scary thing would be if Steve's cutbacks meant merging Disney/Pixar and dumping Apple.

Not a nice thought but I think we'll see Steve leaving Pixar before Apple - it's his baby after all! :D
 
RBMaraman said:
Pixar and Disney already renewed their deal. That happened several months ago after Eisner was stripped of his Chairman of the Board title. The other members of Disney's board and Disney shareholders realized how important a partnership with Pixar was, and Eisner was overruled.

Yes, do you have a link, my Mom owns stock in Disney, and I always read the materials that they send her and neither one of us has heard this. I personally would like to see this happen. If it already has, then I will be happy :)
 
agreenster said:
News to me. Gotta link?

I don't have a link for the story because I was incorrect. There was an article in the WSJ in June that said talks had resumed, but a deal was not yet struck. I thought I read another article stating a new deal had been struck, but it was just the one saying talks had resumed. I have edited my original post.

Sorry! :)
 
yoda13 said:
Yes, do you have a link, my Mom owns stock in Disney, and I always read the materials that they send her and neither one of us has heard this. I personally would like to see this happen. If it already has, then I will be happy :)

See my post above.
 
Steve isn't just a supervising CEO for Apple. He gets involved in the development of all the Apple products so I don't think he's one of those people who can be CEO of 3 companies. Especially such busy ones as Disney.
 
I just wanted to announce that I, too, have an outside chance of being the next Disney CEO.

Okay, outside the realm of possibility, but why split hairs?
 
i think you guys are missing the point, *if* and that's a huge if, steve somehow did become the CEO of disney, pixar would be absorbed by disney and take over their entire animation (2d and 3d). so he'd only be CEO of 2 still. the only problem is disney would require significantly more of his attention than pixar, which for all intents and purposes doesn't need steve at all other than being the heavy in contract negotiations. ed catmull and lassiter have that place under control. steve would need to find people like that to run apple if he were to become disney CEO. i think ives could be the lassiter of a redefined apple, but i don't know who their catmull could be. anderson would have been a great candidate, maybe he'd come out of retirement for that.

disney might be interested because steve is so aware of branding, something disney used to do so well with, but much like apple pre-steve, they have spiraled out of control. i could easily many, many disney divisions being "steved". they need someone to come in, streamline their operations and get them back on track.

why would steve be interested in the post? well in a couple of years when apple offers the Quicktime Video Store™ he would have a damned impressive library to play with. all you need for a new video format to succeed is porn and disney films. he'd have the entire disney catalog, but apart from that he'd have the miramax, touchstone, buena vista, hollywood pictures and dimension films' catalogs as well. they also have exclusive rights to miyazake films. with that library disney/apple could dictate the format that downloadable video would take, i suspect a fairplayed H.26X.
 
I think it just great that Eisner is moving on. He should have a while ago - as for Jobs taking over, I don't think its a good idea. He's already got enough going on with Pixar and Apple. He'd be spreading himself a little thin, don't you think?

D
 
In seriousness, what would Jobs know about running a company like Disney? Pixar has obviously been a successful concern, but in one specialized type of entertainment. Disney isn't simply a movie studio with some theme parks these days, it's also the parent of numerous large television and radio networks, book, magazine and news publishers, and a bunch of other holdings. That's no place for a micromanager.
 
iMeowbot said:
In seriousness, what would Jobs know about running a company like Disney? Pixar has obviously been a successful concern, but in one specialized type of entertainment. Disney isn't simply a movie studio with some theme parks these days, it's also the parent of numerous large television and radio networks, book, magazine and news publishers, and a bunch of other holdings. That's no place for a micromanager.

No disney needs a micro-manager they are losing there focus on their core product and letting it slip away. The core product being the disney theme parks and resorts. When you think of disney you automatically think theme parks. They have those other holdings to help them through tough times, when the travel industry is sinking.

Disclosure

I do own disney stock
 
mikeyredk said:
No disney needs a micro-manager they are losing there focus on their core product and letting it slip away.
But the company currently has a well-known micromanager, and look where it got things!

Companies with some diversification like Disney has can do extremely well if the day-to-day is delegated to people who understand the individual business units. Eisner has interfered with that style of operation, and so would Jobs.

The pathetic part is that the Disney board were fully aware of the guy's limitations when they hired him, and went ahead and did it anyway, somehow believing that doing anything at all quickly was better than waiting longer to do the right thing. Maybe it's not quite as pathetic as having Eisner's loudest detractors being the very people who recommended him for the job, but it's all related I suppose.
 
Anyone else think Eisner is astonishingly odd looking? Almost ugly? ;)

Mudbug (DoctorQ? etc? I forget)--
This may make a funny Photoshop-of-the-week!

(Or, retro-mac style, "Kai's Power Goo of the Week"

cap_eisner.jpg
 
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