Board Jettisons Michael Eisner

[PukkaPukka]

As of now, the news on the wire is that Disney shareholders have withheld their votes in such a manner as to cause a resulting echo across the board, telling (fmr) Chairman Michael Eisner to step down. Eisner still retains his position as Chief Executive Officer of the Walt Disney Company, but is, as of current, excised from his position as Chairman of the Disney board of directors. Your thoughts?

>Adam

 

[Beebers]

Cool, and inevitable.

 

[Beebers]

And there will be more to come as time goes by. Everything is temporary.

 

[Luke]

It just means he has to answer to the chairman of the board rather than being it now. I don't think it makes a massive difference.

 

[GonzoGirl]

One could hope that it means Disney has a chance to go back to the way it was when before Walt got frozen, but that's probably a pipe dream, at most...

 

[dmx10101]

43% of the shareholders voted against Eisner, that was a big win for SaveDisney.com

 

[Buck-Beaver]

Doesn't this just return the company to the structure it had before Frank Wells died?

Has anyone else seen the cartoon they've got on the frontpage of Savedisney.com right now? It's pretty funny.

 

[Fozzie Bear]

I still think the death of Frank Wells was a conspiracy piloted by Eisner to get control of the company.

After the Ovitz deal, I would have thought Eisner a gone puppy YEARS ago!

 

[AndyWan Kenobi]

I read about this, but I have almost no idea what it means in practical terms for the company.

 

[Crazy Harry]

This means what now?