Save Disney Gives Up (For Now)

[MouseRight]

From Reuters:

Disney dissidents say support board on CEO search
Tue Sep 28, 2004 03:30 PM ET

LOS ANGELES, Sept 28 (Reuters) - Dissident Walt Disney Co.(DIS.N: Quote, Profile, Research) shareholders Roy Disney and Stanley Gold on Tuesday endorsed the board's plans to find a successor to Chief Executive Michael Eisner, effectively calling a truce with company directors.
"The board displayed precisely the kind of leadership and independence which we and the vast number of shareholders who share our concerns had been requesting," the two former directors said in a statement.

 

[MouseRight]

I did say "For Now"

Update From Reuters:

Roy Disney could still run alternate Disney slate
Tue Sep 28, 2004 05:11 PM ET
LOS ANGELES, Sept 28 (Reuters) - Dissident Walt Disney Co. (DIS.N: Quote, Profile, Research) shareholder Roy Disney said on Tuesday that he was prepared to run an alternate slate of directors if the board did not carry out its plan to find a successor to Chief Executive Michael Eisner.
"We think we need to be cautiously optimistic -- and trust and verify," Disney said in a telephone interview. "If this turns out to be a charade we will go forward with what we promised we would," he said.

 

[Pioneer Hall]

He ovviously isn't going to sit back now that they said they are looking for a new CEO. He knows that if he doesn't continue to push they won't get anywhere.

 

[DisneyFan 2000]

How is this 'giving up'? They reached there goal, now they're just watching over to see how things go. :animwink:

 

[General Grizz]

I think Roy and Stan will (and hopefully will) give their list of successor candidates.

SaveDisney had a LOT of power over this decision (letters, stockholders meeting 2004, constant pressure), so I don't think they gave up at all.

We'll see what happens next based on the board's decisions. . .