Eisner Criticized as Disney Stock Drops, Los Angeles Times Says
Los Angeles, Aug. 8 (Bloomberg) -- Walt Disney Co.'s stock is
at an eight-year low and the company's chief executive, Michael
Eisner, is under fire from key directors to improve its stock
performance, the Los Angeles Times reported.
Relations have become especially strained between Eisner and
two of Disney's most powerful board members, Roy Disney and
Stanley Gold, whose Shamrock Holdings Inc. investment arm has been
hurt as the stock price has fallen, the newspaper said, citing
unidentified sources.
The two are said to be pressuring Eisner to turn around key
divisions, such as the ABC television network, and to clarify his
succession plans, the newspaper said, citing unidentified sources.
Neither Roy Disney nor Gold would comment yesterday, the
newspaper said. Eisner was unavailable for comment and other
Disney executives declined to comment, the newspaper said.
The company didn't return phone calls made early today by
Bloomberg News.
Los Angeles, Aug. 8 (Bloomberg) -- Walt Disney Co.'s stock is
at an eight-year low and the company's chief executive, Michael
Eisner, is under fire from key directors to improve its stock
performance, the Los Angeles Times reported.
Relations have become especially strained between Eisner and
two of Disney's most powerful board members, Roy Disney and
Stanley Gold, whose Shamrock Holdings Inc. investment arm has been
hurt as the stock price has fallen, the newspaper said, citing
unidentified sources.
The two are said to be pressuring Eisner to turn around key
divisions, such as the ABC television network, and to clarify his
succession plans, the newspaper said, citing unidentified sources.
Neither Roy Disney nor Gold would comment yesterday, the
newspaper said. Eisner was unavailable for comment and other
Disney executives declined to comment, the newspaper said.
The company didn't return phone calls made early today by
Bloomberg News.