In what has to be among the most expected news in corporate business, Gap brand president Cynthia Harriss, who followed Paul Pressler from The Disney Stores to the Disneyland Resort to The Gap, Inc., has left following the resignation of Paul Pressler as CEO of The Gap, Inc. Following Harriss’ departure, four of the remaining… Read More »That Took Longer Than I Thought It Would
Joseph Menn of the Los Angeles Times takes a look at what Disney CEO Bob Iger has been doing, and how he’s been doing it. In his short tenure, Iger has amassed goodwill by patching up feuds he inherited from his predecessor, Michael Eisner. Yet he has limited his public exposure to carefully selected events,… Read More »What About Bob (Iger)?
CNN has a transcript online of an interview with Bob Iger (President & CEO of The Walt Disney Company, in case you are new around here), who was interviewed by Andrew Stevens: Stevens: Michael Eisner was at Disney for 21 years, you were his number two for five years, how important was it for you… Read More »Bob Iger Interview on CNN
Q: I’ve heard many times, from varied sources, that Walt Disney was cryonically frozen and put into storage under The Pirates of the Caribbean ride in Disneyland. Can you speak to this? A: Yes, I can. I don’t know how such wild stories get started. There is absolutely no truth to this. That fact is… Read More »I don’t want to start any blasphemous rumors…
The verdict in the shareholder lawsuit over the $140 million severance package given to Michael Ovitz is in. The Board of Directors, Michael Eisner, and Ovitz are absolved of responsibility as they followed proper procedures. Herre’s a story on Bloomberg.com. More later, I’m sure. Update: Forbes has a rather complete story already up. Doing your… Read More »Breaking: Ovitz, Disney Board free to go
Peter Jennings, ABC News Anchor, Chief Editor, and a great American, has died from Lung Cancer at age 67. For nearly all of my aware life since middle school Jennings has been my anchor of record on television. For me there was a direct line… Read More »Peter Jennings, ABC News Anchor, Dies at 67
A few choice quotes from around the horn: The revolt succeeded at the company’s annual meeting last year in Philadelphia, when 45 percent of the votes cast were withheld from Mr. Eisner and the board stripped him of his chairman’s title. Five months later, Mr. Eisner announced he would not renew his contract past 2006.New… Read More »Around the Horn on SaveDisney’s Announcement
The Lawsuit filed by the folks at SaveDisney.com is being allowed to go forward by a Delaware Judge. The suit alleges members of the company’s board of directors made false statements to shareholders about the search for a successor to Chief Executive Michael Eisner. Roy E. Disney and Stanley P. Gold claim they would have… Read More »Lawsuit to invalidate board election goes forward