BREAKING NEWS Eisner Is Out!!!

[cherrynegra]

Look, this vote is completely historic in business terms, and every analyst from here to Timbuktu has said so, and Disney management would be CRAZY to think that they can just keep Eisner on the Board. Chairpersons for other companies have been booted for less. And for them to come out and unanimously support a man who has been a lightning rod for criticism just speaks volumes of how incredibly insular, near sighted, and deluded this whole board is. If they think that they can drag this out and give it time and people will forget, they're dreaming!!

 

[marksniles]

Originally posted by turkey leg boy
Do you support having the roles split or have had Eisner remain as Chairman/CEO?

I wonder what the vote would have been like if there had been a proposal to split the roles.

I can see the benefits of both having one person as Chairman/CEO and having two people. Therefore I support what the board has decided to do.

 

[Disney2002]

I'm still waiting for a convicing argument against Eisner from someone who is familiar with business and corporate finance. If you're out there on this board, please let us know.

 

[Calamar]

Originally posted by Disney2002
I'm still waiting for a convicing argument against Eisner from someone who is familiar with business and corporate finance.

Try <a href="http://www.savedisney.com">www.savedisney.com</a>.

 

[Woody13]

Originally posted by tigsmom
And those that don't follow the wish of the stockholder will be out next year.

(you did agree with me, right Grizz?)

Do we want another Ovitz's deal? Better check Eisner's "Golden Parachute" BEFORE you push him out the door prior to the expiration of his contract. I think the company still comes first!

 

[darthdarrel]

The board are idiots, even Donald Trump said the other night in an interview, that Michael Eisners days are numbered, Donald said that Michael should step down and cut his losses!

 

[STGRhost]

Least we forget that 57% of us voted to keep the board as it is.

I don't think its fair to assume that all 57% are HAPPY with the board the way it is. It took a good deal more effort for 43% of shareholders to vote NO. Many of the so-called "yes" votes could be chalked up to apathy, ignorance (of the situation OR the voting procedures), etc...

 

[Disney2002]

Originally posted by Calamar
Try <a href="http://www.savedisney.com">www.savedisney.com</a>.

I've read through the site, and it's really mostly appeals to people's emotions and not to business-sense.

 

[daksimba]

Originally posted by marksniles
Least we forget that 57% of us voted to keep the board as it is.

Actually, you are wrong. Only 87% of the stock was voted/

That leaves 13% that didn't vote.

100-43=57 57-13=44%

43% vs. 44%. And this is all prelim. numbers. It was an even 50/50 split. So, half the stock had a No on Eisner.

 

[cherrynegra]

Originally posted by Disney2002
I've read through the site, and it's really mostly appeals to people's emotions and not to business-sense.

There is extensive unbiased coverage here at the New York Times

http://www.nytimes.com/2004/03/04/business/04DISN.html?hp

Or you can read the local paper for WDW

http://www.orlandosentinel.com/

And here's Bloomberg's coverage

http://quote.bloomberg.com/apps/news?pid=10000006&sid=azVYzIgjiwng&refer=home

And then there's CBS Marketwatch

http://cbs.marketwatch.com/news/default.asp?siteid=mktw

Washington Post

http://www.washingtonpost.com/wp-dyn/articles/A28630-2004Mar3.html

and the LA Times

http://www.latimes.com/

Let me know if you need some more and I'll be happy to provide them for you.

 

[Wilt Dasney]

Originally posted by mkt
oh yeah.. tomorrows plan of action for me is run to Borders, Barnes & Noble, and the Virgin Megastore.. pick up every different newspaper I see with it on the front page. I should be able to find the Orlando Sentinel, NY Times, NY Post, USA Today, Washington Post, Miami Herald, and severak others with little difficulty.

Hey, Rob, I can pick up an Atlanta Journal-Constitution for you if you like and bring it down next weekend.

 

[daksimba]

Originally posted by Disney2002
I'm still waiting for a convicing argument against Eisner from someone who is familiar with business and corporate finance. If you're out there on this board, please let us know.

http://money.excite.com/jsp/ct/bigchart.jsp?symbol_search_text=DIS&chartdate=7


That is enough for me. My stock that I had at the time of the 3-way split has tanked almost $20 on the share.

Looks to me that Eisner and his policies just ain't cutting it anymore. Plus, when I can go home from work, stop at the local Publix and see a cast member, in his COSTUME buying beer and cigs, that is a problem for me. It's called Cast Zooming, one of the "cost-cutting" ideas of Eisner and his crew.

That sound you heard was Walt rolling over in his grave.


And don't say 9-11 like so many other people. You will notice the stock tanking long before 9/11.

 

[Disney2002]

Originally posted by daksimba
http://money.excite.com/jsp/ct/bigchart.jsp?symbol_search_text=DIS&chartdate=7


That is enough for me. My stock that I had at the time of the 3-way split has tanked almost $20 on the share.

Looks to me that Eisner and his policies just ain't cutting it anymore. Plus, when I can go home from work, stop at the local Publix and see a cast member, in his COSTUME buying beer and cigs, that is a problem for me. It's called Cast Zooming, one of the "cost-cutting" ideas of Eisner and his crew.

That sound you heard was Walt rolling over in his grave.


And don't say 9-11 like so many other people. You will notice the stock tanking long before 9/11.

And what I keep hearing from people is "build more ride" "build another gate" "make more (risky) animated films".

One way in which shareholders can make money is through dividends. The more a company spends, the less remains for such payments.

No one seems to understand the necessary problems of cash flows, debt, basic asset v liability issues of running a company.

 

[daksimba]

Disney's board said that while it recognized that some shareholders were calling for Eisner's ouster, it was confident that the entertainment conglomerate's financial results would validate its support of management and current strategy.

Until the Pixar money leaves. Then what?

 

[darthdarrel]

Originally posted by Disney2002
And what I keep hearing from people is "build more ride" "build another gate" "make more (risky) animated films".

One way in which shareholders can make money is through dividends. The more a company spends, the less remains for such payments.

No one seems to understand the necessary problems of cash flows, debt, basic asset v liability issues of running a company.

Oh so closing Disney animation and parting ways with Pixar is good for cash flow or Disney as a whole?

 

[STGRhost]

And don't say 9-11 like so many other people. You will notice the stock tanking long before 9/11

Indeed - Cast Zooming, hundreds of lay-offs, crazy cost cutting (Beastly Kingdom, anyone?) ALL came before 9/11. The current management just uses that (those?) event as a crutch. (this is not to say that 9/11 didn't have any impact on WDCo., or tourism in general. It did, but it doesn't account for EVERY desicion made by the board, even if it is the "official" word.)

 

[Disney2002]

Just ask yourself the simple question. Why would Eisner or the Board wish for the stock price to fall? Or why would they wish for the company to fail?

 

[cherrynegra]

Originally posted by Disney2002
No one seems to understand the necessary problems of cash flows, debt, basic asset v liability issues of running a company.

And yet so many institutional firms like Calpers, Lewis & Glass, Reed Connor & Birdwell, Institutional Shareholder Services, and the other group of state pension funds have chosen not to support Eisner and are still calling for his removal even after the announcement of the split of roles.

 

[darthdarrel]

Originally posted by Disney2002
Just ask yourself the simple question. Why would Eisner or the Board wish for the stock price to fall? Or why would they wish for the company to fail?

I don`t know you tell me he doing a fine job of lousing things up. What are they going to do now, that Pixar has parted ways and Eisner closed Disney animation, Animated movies are the back bone of Disney, that`s what Disney fans love Disney for.

 

[daksimba]

Originally posted by Disney2002
And what I keep hearing from people is "build more ride" "build another gate" "make more (risky) animated films".

Let's look at those three:

1. Build more rides:

Well, people do come to the parks for the attractions. And you do need to keep a constant building going on so people have a reason to come back. But, the key point here isn't to just "build more rides" It is to build BETTER attractions. These new, off-the-shelf attractions ain't going to cut it.

How many ways can we copy Dumbo? Alladin's Carpets, Triceratop Spin? Soarin'? Just go to DCA.

What happened to invention and new ideas? Hell, even E:E is just a coaster taken off the shelf with a mountain built around it.

2. Build another park

You will notice in another thread that I have mentioned that we haven't even shown more than a 1,000 person benefit of DAK, so I'm completely against this. We got to get people to the parks we have now. That is the problem. Goes back to #1.

3. Make "risky" animated films.

Well, the "non-risky" animated films ain't doing crap. The risky animated films created the Walt Disney company. Or have you forgotten that Snow White would have buried the company if it failed? Lion King was considered risky in its day, and it made more than any other movie.




So, yeah, things need to change. BIG