General Grizz
New Member
I'd have one too if I had to work with Eisner. . .
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Why is Roy Last Family Member?
- Thread starter BeachClubVillas
- Start date
I'd have one too if I had to work with Eisner. . .
jmarc63
New Member
Originally posted by Sir Hiss527
It's a family owned business, it needs to stay in the family for generations to generations. Well since it's not family owned either, it's not quite the family place, and people friendly...If you know what I mean?
Hiss Thats all good and well, but unfourtunatly the reality is, according to statical data 90% of companys dont make it past the 3rd generation of family management. In my case Im 3rd generation and our company went bankrupt last year and was sold to another company to run under a diffrent name.
Very few companies are in the 4th generation, the only one that comes to mind is the S C Johnson in racine wisconsin.
captainbuzzy
Active Member
The Ford Family still has control over Ford Motor Company. Bill Ford is a 4th generation member that is CEO and there are 5th generation family members active in management.
Just lending your name or your 'genes' are not qualifications enough to run a multi-billion dollar corporation. A person needs interest, desire, background, and training/education. When Ron Miller was head of the company, it languished in a stale sea for a number of years. Yes, he was the impetus behind some excellent things, ie. Touchstone Pictures, Disney Stores , etc. He too had his faults - no one is perfect no matter who their relatives may be.
netenyahoo
New Member
Sometimes I wish I was related to the Disneys so I could get involved in the company. It is kind of sad that the family isn't interested.
Raidermatt
Active Member
Just to clear a few things up...
Roy did not leave the board in '84 to help Ron take over the company.
Ron was CEO, and Ray Watson was I believe the President. (Watson is currently on the board, and is one of two who has asked to be replaced.)
Roy left the board to orchestrate a takeover attempt, but most certainly not with Ron.
The company had become a takeover target due to the under-utilization of its resources. Corporate raiders (think the Richard Gere character in Pretty Woman) were eyeing the company for a break-up and sale.
Miller and Watson tried to mount a defense by making a couple of purchases themselves, making the takeover more difficult.
Eventually, Roy and Stanley Gold won out with the support of several large investors. The raiders were thwarted, but Miller was also out.
Eisner and Frank Wells were brought in to run the company. Eisner as CEO, and Wells as president. The preference was to have Wells as CEO and Eisner as president, but Eisner refused to come along unless he were CEO, while Wells was willing to accept the president position.
Wells died in a 1994 helicopter crash.
If you want more detail, there is a book on the subject, titled "Storming the Magic Kingdom". Very interesting stuff.
Roy did not leave the board in '84 to help Ron take over the company.
Ron was CEO, and Ray Watson was I believe the President. (Watson is currently on the board, and is one of two who has asked to be replaced.)
Roy left the board to orchestrate a takeover attempt, but most certainly not with Ron.
The company had become a takeover target due to the under-utilization of its resources. Corporate raiders (think the Richard Gere character in Pretty Woman) were eyeing the company for a break-up and sale.
Miller and Watson tried to mount a defense by making a couple of purchases themselves, making the takeover more difficult.
Eventually, Roy and Stanley Gold won out with the support of several large investors. The raiders were thwarted, but Miller was also out.
Eisner and Frank Wells were brought in to run the company. Eisner as CEO, and Wells as president. The preference was to have Wells as CEO and Eisner as president, but Eisner refused to come along unless he were CEO, while Wells was willing to accept the president position.
Wells died in a 1994 helicopter crash.
If you want more detail, there is a book on the subject, titled "Storming the Magic Kingdom". Very interesting stuff.
Woody13
New Member
The Bass Brothers (Lee, Ed, Sid, and Robert) out of Fort Worth, Texas were the investors that helped Roy and Stanley Gold take over The Disney Company. Also, the Bass Brothers are well connected politically to both former President Bush and current President Bush and to Florida Governor Bush! They're like one big happy family.
Raidermatt
Active Member
Yup, I just didn't mention the Bass brothers by name because I didn't want those who just wanted an overview to get bombarded by too many names.
As an update, the Bass brothers sold the majority of their Disney stock somewhere around a year and a half to 2 years ago.
As an update, the Bass brothers sold the majority of their Disney stock somewhere around a year and a half to 2 years ago.
Raidermatt
Active Member
Two key differences...
Walt's time was a different time. Management styles were different, and what may not be acceptable now was more acceptable then.
While some do say Walt was tough to work with, they did, for the most part, work with him. Eisner is having more trouble in this area, which is bad because when it comes to creativity, he's not even in Walt's zip code. Not many are, of course, but that's why its even more important that they be able to work with the John Lasseters of the world.
Walt's time was a different time. Management styles were different, and what may not be acceptable now was more acceptable then.
While some do say Walt was tough to work with, they did, for the most part, work with him. Eisner is having more trouble in this area, which is bad because when it comes to creativity, he's not even in Walt's zip code. Not many are, of course, but that's why its even more important that they be able to work with the John Lasseters of the world.