Be careful for what you wish for

[jcodespoti]

Now with 43 percent of the stockholders saying "no confidence" in Eisner what direction do we go now?

If Eisner leaves, who replaces him? I'm afraid that this whole "anybody but Eisner" thinking CAN be dangerous. Granted, I'd like to see Eisner go, but only to be replaced by someone who can guide the Co. correctly. And that ain't just anybody.

Joe in CT

 

[DWatWDW]

Roy Disney has a list of 5-10 people he would prefer to Eisner. I doubt we would have heard of many of them, being that they are businessmen, not celebrities.

I have read one of the options for an Eisner replacement is Steve Jobs. I do not know is there is any truth to this.

 

[wdw4us2]

With the amount of money Roy Disney has invested in Disney, I am sure that he and Stanley Gold have other plans for the Board beyond getting rid of Ei$ner.

We will have to wait and see what these plans are.

 

[Another Voice]

Disney has what, some 80,000 people working for the company. It also has a massive management strucutre of supervisors, managers, directors, vice presidents, senior vice presidents, exectuive vice president, senior executive vice presidents, presidents and chairman.

Somehow they company will be able to limp along with one missing dolt for a week or two.


Better yet - there are still a number of highly creative and very talented people that are waiting to be unshackled. The moment Eisner is carried away from the company you are likely to see a burst of creativity that hasn't been seen for more than two decades.

 

[KNWVIKING]

.... have you had a change of heart ?

***"Most of the damage is irreversible, much will take a generation to fix. The traditional core of the company – Animation – has been gutted and its reputation driven into the mud. The parks are collapsing under the weight of poorly executed expansion and the crushing burden of propping up the rest of the company. Other business such as the stores are dead. And the company's largest division, ABC, is now beyond resuce." ***

 

[BRERALEX]

Today my company (Nordstrom) had it's state of the company meeting and it was funny to hear our CAO or some operations dude say something like, 'hey ask whatever questions you like as long as you don't do to me what like what was done to Ei$ner yesterday'. I was smiling.

Somehow they company will be able to limp along with one missing dolt for a week or two.

So are you predicting he will be replaced soon?

The moment Eisner is carried away from the company you are likely to see a burst of creativity that hasn't been seen for more than two decades.

.

So are you predicting he will be replaced soon?

 

[Another Voice]

I suppose the "Big If" is if Naked Mike is voted off the island quickly enough. I still think it's going to be extremely difficult - but not impossible - for Disney to recover. But the work has to start now. The long term financial damage - massive debt, trashed credit rating, cheapend brand - will hurt no matter how brilliant the movies or the new attractions. Disney will not be able to afford a lot of dreams.

It's kind of funny about the entire "voting out Eisner means you're voting in Comcast" thoughts on these boards. Word around Hollywood is that Eisner is just about ready to put Disney up on QVC he is so eager to get the entire place sold. The clock is ticking and he still hasn't cashed out yet. It is many times more likely that Eisner/Mitchell will sell out the company than it is that Roy/Stan will.

 

[BRERALEX]

you don't have to answer if you don't want cause im not clever enough to figure it out but umm why do you call him naked mike?

 

[KNWVIKING]

but Naked Mike is a reference to the nude dude on Survivor.

 

[BRERALEX]

But the nude dude on survivor is Richard hatch

 

[KNWVIKING]

AV went into a lengthy parody on Survivor with ME playing the part of Hatch...thus Nake Mike.

 

[BRERALEX]

OOOOOOOOOOOOOOOOOOOOOOOOOOO

darnit i missed it then if anyone finds it please link me it be fun to read

thanx for answering my question KNWVIKING

 

[airlarry!]

I think AV's is glossing Mike Ei$ner as 'Naked Mike' for one of three reasons:

1. 'Naked Mike' is greedy and manipulative just like 'Naked Richard Hatch' on Survivor, and AV had posted a Survivor-like scenario where Roy is in one alliance, and Naked Mike is in another;

2. He's the Emperor who Has No Clothes...and the kid (Roy? The Element? Stanley? ISS?) has pointed out to the crowd that the Emperor is Naked; or

3. AV lives in a nudist colony near Santa Barbara and likes talking up the naked lifestyle to non-converts.

I think its 1 and 2.

 

[Another Voice]

Mr. Larry wins a lifetime pass to California Adventure (retail value - $3.95). It is both #1 and #2.


P.S. It's too cold in Santa Barbara.

 

[Planogirl]

Originally posted by Another Voice
Mr. Larry wins a lifetime pass to California Adventure (retail value - $3.95). It is both #1 and #2.


P.S. It's too cold in Santa Barbara.

And too expensive.

But where does Comcast fit into this? I keep asking this but if Mike is so eager to sell and has so much control, why doesn't he just sell out to Comcast? Is he waiting for more money?

 

[vernon]

But where does Comcast fit into this? I keep asking this but if Mike is so eager to sell and has so much control, why doesn't he just sell out to Comcast? Is he waiting for more money?

It's a shot in the dark, but I think Comcast and ME had at least preliminary conversations and ME wanted far too much money ( for himself) as a pay off. With the problems Roy and Stan Gold caused I think Comcast saw a possibilty to get the company for a similar amount to the one they were looking at without greasing ME's palm so they decided it was worth a try to exclude ME and go straight to the shareholders.

ME is and always has been good at reading "the bottom line" and knows that Disney's undervalued (mostly due to the current mismanagement) at it's current levels. Unfortunately if he were looking at buying this company as opposed to selling it he would value it around the level Comcast are paying.

So in a nutshell you're correct, he's trying to extract a little more money from any potential buyer as he, personally, is a huge shareholder and his share options would be much more valuable if he could get the price up to the $31 a share level.

 

[Uncleromulus]

jcodespoti is absolutelt right--getting rid of Eisner is one thing, replacing him is quite another.
Reminds me so much of an incident in the Civil War--. Lincoln has just had another general foul up. The hue and cry is on and the cabinet is screaming and yelling to get the fellow replaced. One cabinet member is yelling to just get rid of the guy--almost anybody would do as a replacement. And Lincoln observes--"Yes. ANYbody will do for you, but I must have SOMEbody."
Let's hope the Disney Company can find that SOMEbody!!

 

[Mr D]

I wish Disney stock would fall below $5 a share for ONE DAY and at the same time Eisner gets kicked out of the company with a whole lot less than the estimated $375 million he thinks he'll have when he leaves.

Mikey really IS richer than Scrooge McDuck, wheres the Beagle Boys when we need them?

And I wish Goldy Hawn to be the next CEO......

 

[WDSearcher]

Originally posted by Mr D
I wish Disney stock would fall below $5 a share for ONE DAY and at the same time Eisner gets kicked out of the company with a whole lot less than the estimated $375 million he thinks he'll have when he leaves.

It's not like he's required to "cash out" the day he leaves the building. Unless the stock stays at $5 for the rest of his life, all he's got to do is wait until it's back up the next day.

 

[Mr D]

It was just a wish....

For the 20 some years Eisner has been CEO I think he should not leave with more assets than a lot of third world countries, it gives a renewed aspect to the wordage "pillage".

Of course he has earned his wages but he should also own up to his mistakes, such as a penalty for firing Ovitz, a sizable sum should have been garnisned from his pay for his temper tantrum.

And in the future such actions if repeated by the next CEO should happen it shouldn't be passed on the cutting corners on maintanence or quality just to support the ego-whims of a corporate megalomaniac dictatorship.

When I said several time (or many times)s Eisner has blood on his hands I meant it, the Columbia tragedy, the Peter Rabbit incident and its settlement, the Space Mountain accident, the recent Mine train death at DL are ultimately blamed upon Eisner and his cost cutting to balance out his mistakes made before.
When he gets out of bed on the wrong side it costs Disney $100 million......literally!