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Disney's daughter: Eisner must go
- Thread starter RogueHabit
- Start date
SpongeScott
Well-Known Member
Just read it. I was kinda surprised to hear that she and Roy don't see eye to eye. Here is what I think is the most important quote from the article:
If this company ever loses its independence, it will never be what it had been. This should not be a subsidiary of a cable company."
No one has said it better than her.
If this company ever loses its independence, it will never be what it had been. This should not be a subsidiary of a cable company."
No one has said it better than her.
SpongeScott
Well-Known Member
Amazing what can bring people together sometimes. I didn't know that Roy had forced her husband out, so I guess that would kinda explain the less than kind words or thoughts of him.
General Grizz
New Member
Good to hear from her!
Diane's comments were very sound and reasonable.
She also said that Roy's campaign was "vicious and personal" and blamed Roy for encourageing the Comcast takeover bid stating, "Roy's move was ill timed, and it helped put the company in play," Miller said. "It showed there is weakness and discord at the top of the company. Roy loves the company as much as I do, and he wants to see it remain independent too. But what he has done has put it in jeopardy."
I also thought her comments on Eisner's departure were very realistic compared to what most people want, "You don't want him ripped from the company because there is nobody to take his place," Miller said. "I want it to be his decision to go but Michael, being who he is, I don't think that will happen. So it has to be up to the board."
She also said that Roy's campaign was "vicious and personal" and blamed Roy for encourageing the Comcast takeover bid stating, "Roy's move was ill timed, and it helped put the company in play," Miller said. "It showed there is weakness and discord at the top of the company. Roy loves the company as much as I do, and he wants to see it remain independent too. But what he has done has put it in jeopardy."
I also thought her comments on Eisner's departure were very realistic compared to what most people want, "You don't want him ripped from the company because there is nobody to take his place," Miller said. "I want it to be his decision to go but Michael, being who he is, I don't think that will happen. So it has to be up to the board."
Interesting comments. I like how they stated that she sold her personal stock in the company, but her family still has stock. It makes me feel that her comments are genuine, not motivated by stock price. I feel Roy is the same way, although he does have a significant number of Disney shares.
Grizz - Very nice quote you have there from Mr. Eisner.
Grizz - Very nice quote you have there from Mr. Eisner.
Shaman
Well-Known Member
*adds to the conspiracy theories*
Perhaps Roy caught wind of some "plan" for a friendly merger with Comcast? Although talks about Comcast making a bid were rumored far before they ever did...I think Roy does want to keep the company independent, especially the core of the company...there may be something personal behind his fight, but I think that at its core he truly, genuinely whats to see the company headed in a different direction...than Eisner intends....
The company was saved twenty years ago...I think the same can happen today...
MouseMadness
Well-Known Member
Who was it that had the sig quoting Walt saying he saw Mickey as a symbol of independence? Or does anybody know what quote I'm referring to?
Woody13
New Member
After Walt Disney died in 1966 and his brother Roy O. Disney passed away in 1971, the company slowly lost its way and much of its creative magic. By 1984, as his Disney shares sank in value, an emboldened Roy E. Disney tried to buy the company. However his clumsy buyout attempt did nothing but weaken the Disney Company. His buyout move was soon eclipsed by two other takeover attempts of Walt Disney during a decade made infamous for leveraged buyouts and junk bond financing.
Disney nearly fell to corporate raider Saul Steinberg and then to Irwin Jacobs. It cost the company a fortune to repel Steinburg and Jacobs. Disney ended up buying Arvida, a sprawling land and development company to make itself less attractive (i.e. more expensive) to buyers and Steinberg walked away nearly $40 million richer, having "greenmailed" the company into paying him a premium for selling it his stake.
Roy Disney and Gold then allied with the billionaire Bass brothers, who bought a 25 percent stake in Walt Disney. This entire 1984 financial fiasco carved in rock Roy's well known nickname, "Walt's idiot nephew".