Disney/Gold Plan Talk to Stockholders

[Shaman]

I don't know if its been posted. there's a good article on this whole mess in the Orlando Sentinel.

"Both Gold and Disney have vowed to solicit investors, which can include former and current Disney employees, to aid them in seeking Eisner's ouster, although they have not yet put any plans in place. "I have been overwhelmed by voices of support," Disney said in a telephone interview on Monday.'And it's all over the map, even the guy who was emptying my old office at the studio Monday.' "


How different will this time around be to the last time these two pulled the resignation bit in the 80s? Will Eisner really be easy to boot?

 

[GaryT977]

Originally posted by objr
How different will this time around be to the last time these two pulled the resignation bit in the 80s? Will Eisner really be easy to boot?

From this article and from another in USA Today, it doesn't appear that they are going to succeed. If they couldn't do it last year when things were bleak, it'll be that much harder to do it when things are improving.

 

[Shaman]

Re: Re: Disney/Gold Plan Talk to Stockholders

Originally posted by GaryT977
From this article and from another in USA Today, it doesn't appear that they are going to succeed. If they couldn't do it last year when things were bleak, it'll be that much harder to do it when things are improving.

But these two, Disney and Gold, it seems they made the right move in getting rid of Miller back in the day and bringing in Eisner...will investors trust them to know whats right for the company now?? After all Roy is a DISNEY...who better to trust than the big man's nephew????

 

[GaryT977]

Re: Re: Re: Disney/Gold Plan Talk to Stockholders

Originally posted by objr
But these two, Disney and Gold, it seems they made the right move in getting rid of Miller back in the day and bringing in Eisner

If memory serves, Disney was floundering under Miller. It's easier to kick out a CEO when thing are worsening rather than improving. IMHO, if Disney and Gold had tried this tack last year, they might have succeeded.

 

[Shaman]

Re: Re: Re: Re: Disney/Gold Plan Talk to Stockholders

Originally posted by GaryT977
If memory serves, Disney was floundering under Miller. It's easier to kick out a CEO when thing are worsening rather than improving. IMHO, if Disney and Gold had tried this tack last year, they might have succeeded.

So then the next question would be why didn't they try this last year? Why did they wait for the company's improvement, and the announcements of new attractions and the success of movie sector, to do this?

:veryconfu :hammer:

 

[GaryT977]

Re: Re: Re: Re: Re: Disney/Gold Plan Talk to Stockholders

Originally posted by objr
So then the next question would be why didn't they try this last year? Why did they wait for the company's improvement, and the announcements of new attractions and the success of movie sector, to do this?

:veryconfu :hammer:

My guess is they wre getting ready to force Disney out using the mandatory retirement age as the reason. Eisner isn't stupid, if he'd tried that last year when things didn't look so rosy, he probably would have been forced out.

 

[Raidermatt]

Investors are a fickle bunch. After all, they have a lot of choices.

While certainly its easier when things are going poorly, all you really have to do is convince them they could be doing even better, and that you have the plan to make it happen.

Will it be easy? Of course not. Is there a legitimate chance? Absolutely. Especially if they can line up support from places like Pixar, Henson, or elsewhere.

 

[TURKEY]

Originally posted by Raidermatt
Investors are a fickle bunch. After all, they have a lot of choices.

While certainly its easier when things are going poorly, all you really have to do is convince them they could be doing even better, and that you have the plan to make it happen.

Will it be easy? Of course not. Is there a legitimate chance? Absolutely. Especially if they can line up support from places like Pixar, Henson, or elsewhere.

Board members can't speak out publicly against management (at least to some extent) is one reason I think it didn't happen last year.

Since Roy was on his way out, he resigned and can now speak freely about Eisner. It would have made it more difficult if he resigned last year and his efforts were in vain with Eisner retaining power.

I think it has a chance of succeeding, not only with Roy speaking out and leading a campaign, but many small investors, the general public, and a majority of CM. Getting help from Pixar and other places will only improve the chances of something happening.

 

[daoVinci]

In know this is the wrong thread, but I've created a new site and am getting ready to send the letter to Roy and Stanley, slightly modified.

Anybody have an e-mail address for Roy?

 

[Shaman]

Originally posted by turkey leg boy
Board members can't speak out publicly against management (at least to some extent) is one reason I think it didn't happen last year.

Since Roy was on his way out, he resigned and can now speak freely about Eisner. It would have made it more difficult if he resigned last year and his efforts were in vain with Eisner retaining power.

I think it has a chance of succeeding, not only with Roy speaking out and leading a campaign, but many small investors, the general public, and a majority of CM. Getting help from Pixar and other places will only improve the chances of something happening.

If Roy and Stanley didn't think they could succeed I doubt that they would have left the board completely in Eisner's hands....the more I think about it, I only see more things in their favor.

In fact I wouldn't doubt more people on that board feel the same way as those two, in some degree atleast.

 

[Woody13]

I just don't see the possibility of Roy and Stanley pulling off another coup as they did back in 1984. The company is way too big now and a proxy fight would be too expensive. Enlisting Pixar, Jim Henson Co., etc. could very well backfire on Roy and Stanley if stockholders see this move as damaging to the company. They better have an Ace in the hole because so far Roy just seems to be blowing off a lot of steam. Roy needs to be very specific as to why he thinks Eisner should go. So far, he just hasn't made the case.