Although it won't be fast enough for them, this should make the Eisner critics happy.
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Reuters
Disney Planning for Eisner Succession
Tuesday February 10, 5:51 pm ET
LOS ANGELES (Reuters) - In response to criticism that Walt Disney Co. (NYSE
IS - News) chief Michael Eisner has too much sway over Disney's board, the presiding director on Tuesday said he and his colleagues were actively considering who might succeed Eisner and other top executives.
In an open letter, Disney board member and former U.S. Senator George Mitchell said the company's board of directors had met in January to consider a succession plan for Chairman and Chief Executive Officer Eisner and planned to devote more time to the issue in April.
"While the board has in prior years considered succession, the process is now more formal and frequent with active participation by all board members," Mitchell said.
The letter, which was included with a proxy filed with the U.S. Securities and Exchange Commission (News - Websites) , marked the latest salvo in an increasingly hostile battle between Disney and former directors Roy Disney and Stanley Gold, who have mounted a campaign to unseat Eisner.
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Here is the link to the entire article:
http://biz.yahoo.com/rb/040210/leisure_disney_mitchell_1.html
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Reuters
Disney Planning for Eisner Succession
Tuesday February 10, 5:51 pm ET
LOS ANGELES (Reuters) - In response to criticism that Walt Disney Co. (NYSE
IS - News) chief Michael Eisner has too much sway over Disney's board, the presiding director on Tuesday said he and his colleagues were actively considering who might succeed Eisner and other top executives.In an open letter, Disney board member and former U.S. Senator George Mitchell said the company's board of directors had met in January to consider a succession plan for Chairman and Chief Executive Officer Eisner and planned to devote more time to the issue in April.
"While the board has in prior years considered succession, the process is now more formal and frequent with active participation by all board members," Mitchell said.
The letter, which was included with a proxy filed with the U.S. Securities and Exchange Commission (News - Websites) , marked the latest salvo in an increasingly hostile battle between Disney and former directors Roy Disney and Stanley Gold, who have mounted a campaign to unseat Eisner.
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Here is the link to the entire article:
http://biz.yahoo.com/rb/040210/leisure_disney_mitchell_1.html
