Eisner Gets Bonus

SpongeScott

Well-Known Member
I'll put myself on the chopping block here. I'm not a fan of Eisner, but I don't wish his death or demise like so many here do.

First, for those of you who say he should give it away--would you give it away if you were CEO of a billion-dollar corporation? No, you would not. If you were in that position, you would keep the money just as he is going to do. Yes, you might give some to charity, but you would justify what your take is and probably rightly so.

Second, do you think Eisner just marches in and states how much money he wants? I would assume that he has a contract which is approved by the board of directors and that contract includes stocks and options. I would also assume that the contract was also approved while Roy Disney was on the board.

Third, like it or not, Disney is making money and it's doubtful that Eisner is going anywhere. Facts are facts, and in a situation like this, money talks and Eisner, as CEO, is bringing in the money. Yeah, I know that park attendance is down, the parks need major upkeep work, that CM's are not what they used to be, that things are done half-assed compared to the way they used to be done, but the bottom line that investors are going to look at is how much money have you made for me lately and the company, whether attributed to Eisner or not, is on the upswing after some rough economics.

So, moan and complain about Eisner all you want, but as was mentioned in another thread, Eisner is not Satan or the antichrist and he's not out to make your life as miserable as possible. And we are not going to oust him because a couple thousand of us on a few websites are disgruntled with him.
 

civileng68

Account Suspended
screwup!

What a screwup Eisner is! I say we trade him to Universal!

I can't believe some actually defend this guy. Sure sometimes the anger towards him goes into areas that are not his fault,..................................however, after reading savedisney.com I cannot believe anyone could defend him.. I hate micromanagement and head bobbing boards.


DOWN WITH EISNER! I HATE HIM!
 

JBSLJames

New Member
Originally posted by SpongeScott
I'll put myself on the chopping block here. I'm not a fan of Eisner, but I don't wish his death or demise like so many here do.

First, for those of you who say he should give it away--would you give it away if you were CEO of a billion-dollar corporation? No, you would not. If you were in that position, you would keep the money just as he is going to do. Yes, you might give some to charity, but you would justify what your take is and probably rightly so.

Second, do you think Eisner just marches in and states how much money he wants? I would assume that he has a contract which is approved by the board of directors and that contract includes stocks and options. I would also assume that the contract was also approved while Roy Disney was on the board.

Third, like it or not, Disney is making money and it's doubtful that Eisner is going anywhere. Facts are facts, and in a situation like this, money talks and Eisner, as CEO, is bringing in the money. Yeah, I know that park attendance is down, the parks need major upkeep work, that CM's are not what they used to be, that things are done half-assed compared to the way they used to be done, but the bottom line that investors are going to look at is how much money have you made for me lately and the company, whether attributed to Eisner or not, is on the upswing after some rough economics.

So, moan and complain about Eisner all you want, but as was mentioned in another thread, Eisner is not Satan or the antichrist and he's not out to make your life as miserable as possible. And we are not going to oust him because a couple thousand of us on a few websites are disgruntled with him.

Well said. A nicely phrased and balanced report. Having not been to the parks (except EPCOT in early 90's), I can not say anything about the parks demise. I know that I am looking forward to our trip later this year almost (maybe more) than my kids. If I'm disappointed in anything going on right now with Disney Group, it is through its TV outlets. I used to associate Disney with good, clean, family fun. With some of the shows put on by ABC and its affiliates (MTV and the like), I don't feel like my kids can watch TV without supervision. Even some of the 'tweener' shows on Disney Channel are not what I would like my kids watching. I guess we can always read and play PS2.

When is the last time you did a puzzle as a family?
 

TURKEY

New Member
Originally posted by JBSLJames
Well said. A nicely phrased and balanced report. Having not been to the parks (except EPCOT in early 90's), I can not say anything about the parks demise. I know that I am looking forward to our trip later this year almost (maybe more) than my kids. If I'm disappointed in anything going on right now with Disney Group, it is through its TV outlets. I used to associate Disney with good, clean, family fun. With some of the shows put on by ABC and its affiliates (MTV and the like), I don't feel like my kids can watch TV without supervision. Even some of the 'tweener' shows on Disney Channel are not what I would like my kids watching. I guess we can always read and play PS2.

When is the last time you did a puzzle as a family?

Disney doesn't have MTV. Viacomm/CBS has MTV.
 

civileng68

Account Suspended
Originally posted by JBSLJames
Well said. A nicely phrased and balanced report. Having not been to the parks (except EPCOT in early 90's), I can not say anything about the parks demise. I know that I am looking forward to our trip later this year almost (maybe more) than my kids. If I'm disappointed in anything going on right now with Disney Group, it is through its TV outlets. I used to associate Disney with good, clean, family fun. With some of the shows put on by ABC and its affiliates (MTV and the like), I don't feel like my kids can watch TV without supervision. Even some of the 'tweener' shows on Disney Channel are not what I would like my kids watching. I guess we can always read and play PS2.

When is the last time you did a puzzle as a family?


I agree with you on the family part. Eisner is not clean and not family oriented. This does play a MAJOR factor into things. It does actually hurt the park's image as a family place when the CEO is putting things on TV like he has been.

CEO's all make good money but, to all of you who say Disney is doing great...........................go to www.savedisney.com and read the numbers. The specific decline in numbers is listed. ...........and no, it's not lies from Roy..............................this site is out there now and if those numbers were lies there would be a MASSIVE lawsuit on it already. The numbers are truth. Disney has declined in Eisner's presence. Mostly financially, yet he just took a 6M dollar bonus.
 

NashvilleMouse

New Member
Originally posted by JBSLJames

When is the last time you did a puzzle as a family?

It was last month, but it probably doesn't count since the image of the puzzle was from 'Girls Gone Wild'. Ahhhh, family time.

I hope everyone isn't too upset about this bonus thing because if he leaves or is forced to leave he will probably get a bigger amount than that. Usually when a CEO goes they cash in BIG TIME from the company. I would expect $xx,000,000.00. (Unless you are the CEO of Enron)
 

JBSLJames

New Member
Originally posted by turkey leg boy
Disney doesn't have MTV. Viacomm/CBS has MTV.

My bad. I thought ABC had ESPN, MTV, and the like. Oh, well, if I didn't love ESPN so much...(day dreaming) March Madness...March Madness...
 

SpongeScott

Well-Known Member
Originally posted by civileng68
he just took a 6M dollar bonus.
He took? Did he steal it? Did he sneak out the back door with it? Did he force someone to give it to him? I don't think so. It's more than likely stipulated that he gets this. I'm not trying to defend him; I'm just trying to get us to slow down in our venegance and hatred to logically look at this.
 

JBSLJames

New Member
Originally posted by NashvilleMouse
It was last month, but it probably doesn't count since the image of the puzzle was from 'Girls Gone Wild'. Ahhhh, family time.

Ahh, a classic. We just finished a State of Ohio, 200th anniversary puzzle that had areas of interest in the puzzle (yeah, all two of them).

Prior to that it was "Victorias Secret: The Thong Puzzle".

Suprisingly comfortable.:lookaroun
 

SpongeScott

Well-Known Member
Originally posted by JBSLJames
When is the last time you did a puzzle as a family?
No puzzles, but we do play a mean game of Mario Kart and a few board games! Col. Mustard, with the lead pipe, in the library.
 

DisneyFan 2000

Well-Known Member
What a #$^&$&^%^*&@(&*(*% son of a !@#@#%#%&^^%*&^%!!!!

He's recieving complaints from everyone around him and he still has the nerve to take 7M dollars only as a bonus??? This guy has gone too far!!! I say, put him on the ToT and let him freefall (for real) :fork: :fork: :fork: :fork: :fork: :fork: :fork: :fork:

That's why I like Tower the most! It is very helpful! :goodnevil
 

civileng68

Account Suspended
joking

Originally posted by SpongeScott
He took? Did he steal it? Did he sneak out the back door with it? Did he force someone to give it to him? I don't think so. It's more than likely stipulated that he gets this. I'm not trying to defend him; I'm just trying to get us to slow down in our venegance and hatred to logically look at this.


Dude, you're joking right? No he didnt steal it, because he's the CEO. In fact, he could take it all and it wouldnt be stealing. The point is, there are moral decisions to every decision made. I think when the cutbacks have been to the extent they've been recently, 6M bonus is too much.

Listen, why shoudl I sit and defend this? Read www.savedisney.com. the proof is in the pudding so to speak. It's obvious things are not great. Also, he obviously does not run his business very ethically and plays "dirty" in my opinion. I am in management in the corporation I work with and I think what he did by basically making employees report anythign to him that Roy said was wrong. Very low loyalty.
 

Bill

Account Suspended
Michael Eisner. Why I ask myself. Eisner is a low man. He thinks he deserves more, and he gets more. If it was me, I'd take my skimpy "million dollars" pay, and then I'd use the rest of the money for theme park upgrades, or cast member bounses, or animation, or something. Not more stock options for myself. :brick: Sure, Eisner needs money to live, and that's where the million dollars comes in. But really, does he really need all he has? All he gets? I mean come on. If I had a million dollars a year, I'd be darn happy with that pay check. I don't need all the extra stuff. However, I most likely would take the first bonus I got, then would never take it again. That way I could own a nice house and not worry about things as much. But every year? Umm, yea. There needs to be a better way to reward CEOs then money. Espically ones that don't deserve it in the first place.
 

garyhoov

Trophy Husband
Here's a chart of Disney Stock Vs. the S & P 500 over the last year:

Disney vs. S & P

The stock has outperformed the S & P 500 (by a small amount) over the past year. If I was a shareholder of any stock, I would think the CEO should probably get a bonus if the stock outperforms an index such as the S & P 500. Six million seems a bit much considering that the performance was just barely better than the S & P, but 6 million is a tiny amount on a per-share basis.
 

Carrousel Lover

New Member
Board Accountability

I am by no means an Eisner fan as I personally feel his ego has overtaken his business focus and duty as CEO. This bonus didn't make me as angry at Eisner as it made me wonder what the heck is going on in the boardroom. What upset me was board approval not his taking it. He's no dummy - what ever he accumulates now adds to the calculation of his final payout. He'd be a fool to not take it. Also this bonus was probably something negotiated in his prior agreement which has probably been a bone of contention of some time and perhaps another reason Stanley Gold and Roy Disney have had issues with the board. For all we know this may have been brought up time and time again and maybe the ousted board member Andrea (can't recall her last name) and Stanley and Roy voted against it over and over? That is something I would love to know.

As far as stock performance - that is not the only thing CEO's are judged on. At one point with the over inflated dot.com situations and large payouts you would hope all companies would plug up those holes. WDC's dismal performance in the other areas (ABC Family) is something that stands out and the contentious relationship Eisner and Jobs are certainly things stock holders would be following as Pixar brings serious $$ into the coffers.

Boy would I love to get a copy of Eisner's employment agreement and golden parachute.
 

stingrock23

Active Member
The board members are all his cronies, so of course they'll approve compensation packages for him.

The thing is, 7 million dollars to him is nothing. He's already received so much compensation in the last decade that money doesn't matter to him. It would have been a smart move, as well as a good PR move, to donate his bonus to help with the parks. He doesn't need that 7 mil, but the parks sure could use it.
 

brisem

Well-Known Member
First thing Eisner didn't receive a cash bonus of $6.25million, it was in stock. The company probably has 40-50% of the shares in an company account from which they pay bonuses. This 6.25 million comes out to appox 225K shares. The company isn't losing cash from this; it's paper transfers.

If Eisner declined it, there would be no cash going back to Disney.
 

SpongeScott

Well-Known Member
Originally posted by stingrock23
The board members are all his cronies, so of course they'll approve compensation packages for him.
Which is why he'll be voted in again as CEO, whether we like it or not.

The thing is, 7 million dollars to him is nothing. He's already received so much compensation in the last decade that money doesn't matter to him. It would have been a smart move, as well as a good PR move, to donate his bonus to help with the parks. He doesn't need that 7 mil, but the parks sure could use it.
Come on! Do you really think he is going to do this or should do this? As I said earlier, would you do it? No! Professional athletes don't need the millions they make for playing a game, but do we ask for them to donate it somewhere simply because they don't need the money? Can't we use some common sense in our Eisner-bashing?
 

GoofyFan1

Active Member
According to recent Reuters news, one of Eisner's cash cows is heading to another pasture. PIXAR! What's going to happen when Pixar leaves in 2006?

Could Eisner be far behind?

Maybe he should start cashing in and saving some of his bonus.
 

Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.

Back
Top Bottom