Eisners MegaMansion

[jfap]

I have heard that Eisner is building a MegaMansion in Naples, Florida. Does anyone know if that is true? Wondering if it is on the same scale as the one being built by the Enron crook (or was it Worldcom.crook?).

 

[Eeyore2U]

Originally posted by jfap
I have heard that Eisner is building a MegaMansion in Naples, Florida. Does anyone know if that is true? Wondering if it is on the same scale as the one being built by the Enron crook (or was it Worldcom.crook?).

To compare Eisner to any Enron idiot is unfair. He may have made bad decisions but he is far from a crook and as far as building a mansion, if you got it build it.

 

[Testtrack321]

Originally posted by Eeyore2U
To compare Eisner to any Enron idiot is unfair. He may have made bad decisions but he is far from a crook and as far as building a mansion, if you got it build it.

Yep. Esiner loves this company and wouldn't ever steal, thought his current methods are a little chincy, he still loves this company.

 

[Bob O]

Im no fan of ME, but i also would say its not fair to compare him to the folks from enron!!!! While he has made bad decisions, be they because he was wrong or just incompetent, its a big difference from intentionally filling false financial statements to make your company appear viable when its not the case. ME may be wrong for disney at this time but i wouldnt call him a crook or corrupt.

 

[Another Voice]

Comparing Eisner to the former management from Enron is unfair.

Eisner has taken far more money out of Disney than the people at Enron could have ever dreamed.

In one year alone Eisner's compensation was over three quarters of a billion dollars. Other years it's been only over half a billion, sometimes only a paltary quarter billion dollars. I've heard one guess that Eisner's total "compensation" from Disney is nearing $5 billion.

He went from not owning a single share of Disney stock to being the third largest shareholder - individual or institution. And all of those shares has been on the company's money too.

As for not being a crook in getting all that money - I think the widow that owns the rights to 'Winnie the Pooh' may have a different opinion...

And it's it like Eisner kept all that money for himself. A few choice words and his former friend Jeff Katzenberg gets a half billion. And a year on the job got Mike Ovtiz a quarter billion. At least Eisner is willing to share.

 

[WDSearcher]

Gee, AV ... I thought all of that compensation and that stock was come upon legally. It's not as though he hid the compensation from anyone (the mere fact that we all have ME's latest salary rates at our fingertips is proof of that). Or that he stuffed the stock under the mattress or told everyone at Disney not to worry about the stock price while at the same time dumping his own shares. In fact, as the stock price went down, he continued to purchase. So .... he's just like the Enron people how, exactly?

 

[Bob O]

I can see AV's point in that the compensation was made by eisners own hand picked bone of cronies who didnt have the companies own best interest in mind when these deals were made.

 

[EUROPA]

Originally posted by Another Voice
And a year on the job got Mike Ovtiz a quarter billion. At least Eisner is willing to share.

Wow..just think of how that money could have been spent on the parks. Mike Ovtiz up until that point wasn't his biggest accomplishment getting Letterman the CBS show? Yeah I can see how that transfers over to Disney

 

[jfap]

lighten up a little. All I was asking is if he is building a mansion on the grand scale of those other guys. Didn't mean to imply that he was a crook, just wonderin if the story about it being a MegaMansion were true. So does anyone know????

 

[WDSearcher]

Originally posted by jfap
lighten up a little. All I was asking is if he is building a mansion on the grand scale of those other guys. Didn't mean to imply that he was a crook, just wonderin if the story about it being a MegaMansion were true. So does anyone know????

I think if you hadn't used the word "crook" in your original post, no one would have picked up on the analogy. But at any rate, no word here in FL that ME is building nearby. And that kind of thing would be likely to be announced. (As in, "Michael's building a mansion in Florida ... you suppose that means he's switching his base of operation?")

 

[KMovies]

I'm pretty sure that ME's compensation package is similar to that of CEO's of the Coke's, Pepsi's, Kodaks, GE's, Microsofts, Intels, and the list goes on and on and on. He did turn the company around in the 80's, when it needed help. He revived the animation unit - bringing us Mermaid, Beauty, Lion King, and all. He brought us MGM/Animal Kingdom/The Cruise Line/ DCA. Some were winners - others not. Point is - no one ever deserves that kind of money - but that is the life in the top! Recently, he has taken big hits as well.

 

[Dznefreek]

but he is far from a crook

Explain $50.00 1 day tix, $7.00 to park, $5.00 for a 16 oz. beer.

Disney was proud to say that they did not raise tix price when USF and SW did but they raised the price on everything else!

 

[Eeyore2U]

Originally posted by Dznefreek
Explain $50.00 1 day tix, $7.00 to park, $5.00 for a 16 oz. beer.

Disney was proud to say that they did not raise tix price when USF and SW did but they raised the price on everything else!

Please show me where he did anything illegal.

 

[Another Voice]

Please show me where he did anything illegal.

"Mr. Pooh, you'll simply have to wait your turn. Please wait in line behind Mr. Ovtiz. We'll get you in somewhere between Mr. Katzenberg and the Environmental Protection Agency. But if you'd like to come back next week we can probably get you in after the Disneyland Maintenance Injuries group and the Breach of Contract Mousekteers.

Or if want to take the chance that Mr. Robin Williams will cancel and that the I.R.S. won't take too long, you could check tomorrow. Oh, wait, I'm sorry, we've got the Flordia State Tax Board coming in then. Let me see, the sweatshop workers at nine, the widow of Scattman at ten, the estate of Peggy Lee at eleven - no tomorrow just isn't going to work at all..."

 

[airlarry!]

Following up...

It might not be criminal what Cousin Mike has done over the years, but he has been accused by many, many people of unethical conduct. Personal, unethical conduct.

Read his own book. He even gloats about stuff that most people would consider conniving, dishonest, and unprincipled.

I've said it before. I used to be an Eisner fan when I waited with baited breath each year for the Birnbaum guide to regale me with the latest Disney expansion.

It is not until reading the Baron's posts, and AV's insider dope that I've become convinced that Ei$ner has profited directly from our loyalty.

And we have been willing accomplices...praising the 'expansion' of the resort without realizing a basic principle we learned in grade school:

That the addition of negative numbers is actually subtraction.

By adding stuff around the resort that fails to meet 'the standard' in an effort to pad the bottom line and increase the value of his options....that is subtraction in its finest sense.

 

[WDSearcher]

Originally posted by Dznefreek
Explain $50.00 1 day tix, $7.00 to park, $5.00 for a 16 oz. beer.

Disney was proud to say that they did not raise tix price when USF and SW did but they raised the price on everything else!

If it's too expensive, don't go! You'll pay just as much for any theme park in the area, and there are several in the Six Flags chain where parking is $10. And a $5 beer? So ... don't drink. Bring your own and have one in the hotel.

Charging what Disney's charging may be annoying or frustrating or prohibitive for some, but it's hardly illegal.

 

[Andrew015]

So ME takes a few billion out of WDW here and there... big deal...
That's probably only enough money to fix what EVERYONE on the DIS complains about... (IE no air conditioning, unclean restrooms, poor maintance... etc.)

If ME really loved Disney as much as everyone says....

Yep. Esiner loves this company and wouldn't ever steal, thought his current methods are a little chincy, he still loves this company

Then maybe he'd just take his "Fair Share" and devote the rest back to the company. In other words, if I were in his shoes, I'd take enough of the money for a nice house and a few Corvettes... money to put future kids through college... and live a decent life... so in other words... 1 - 2 million might do me fine. I realize that his annual salary is a lot higher than this, so what is his need for these "compensations?"

I'm sure good old Walt wouldn't take this for his own personal pocket, and is probably rolling in his grave right now.

If it's too expensive, don't go! You'll pay just as much for any theme park in the area, and there are several in the Six Flags chain where parking is $10

So Disney world should just be for the upper middle class? I have many middle class friends who would love to go to disney, which started out as a family oriented park under Walt, and is now a $$$$ oriented park. Walt's vision was to create a place where people of all ages and backgrounds could come and enjoy his parks. I'd be willing to bet more families than not can't afford these ticket/food/water prices. Kind of a shame... but ME can swim in his billions like Uncle Scrooge.

I'd compare ME taking all of these "Compensations" like someone putting 5 people in a room for 4. It might be a stretch but.... 5 people in a room for 4 isn't against the law, won't get you thrown in jail, or is a mortal sin. But if you ask anyone on the DIS, it's just morally wrong, and the DIS Mouse police will give you a piece of their mind. ME taking billions in compensation isn't illegal or a sin. But no one sees anything totally wrong with this?? Meanwhile, his parks are going downhill quick.

 

[WDSearcher]

[So Disney world should just be for the upper middle class? I have many middle class friends who would love to go to disney, which started out as a family oriented park under Walt, and is now a $$$$ oriented park. Walt's vision was to create a place where people of all ages and backgrounds could come and enjoy his parks. I'd be willing to bet more families than not can't afford these ticket/food/water prices. ]


Where do you get "upper middle class?" Maybe if you want to go every year, or twice a year, and stay at the Grand or Contemporary. But it's amazing how affordable it can be, compared to, say, taking the family skiing for a week, or taking everyone to a Broadway show, or spending a week at the Grand Canyon. My family was "middle middle class" when I was in jr high (late '60s) and we had to save for three years to afford "Walt's vision" (and yes, it was back in the pre-ME days). We couldn't go every year, but we could go. It wasn't impossible. We just had to save, like we did for every vacation.

No where am I guaranteed "life, liberty, the pursuit of happiness, and a trip to Walt Disney World." If it's a priority for me and my family, we save for it, like we would for a trip to Europe or a new car. I can't afford a new car this year, but are the people who make them evil because not everyone can have one? Of course not.

 

[tstobb]

Originally posted by Andrew015
So ME takes a few billion out of WDW here and there... big deal...
That's probably only enough money to fix what EVERYONE on the DIS complains about... (IE no air conditioning, unclean restrooms, poor maintance... etc.)

If ME really loved Disney as much as everyone says....


Then maybe he'd just take his "Fair Share" and devote the rest back to the company. In other words, if I were in his shoes, I'd take enough of the money for a nice house and a few Corvettes... money to put future kids through college... and live a decent life... so in other words... 1 - 2 million might do me fine. I realize that his annual salary is a lot higher than this, so what is his need for these "compensations?"

Wow, cool, transporters just zapped you back to communist Russia!
Welcome to the free market economy - If it bothers you that much, you are free to NOT contribute to his compensation package (ludicris as it may be) as he has the right not to share his compensation with you.
Please find and post the EQUIVALENT person in a DIRECTLY EQUAL (same size co., # of divisions, etc) position that is running his/her company and their salary for a true direct comparison.

 

[ohanafamily]

ME isn't to blame for his perks, they were given to him by a company that didn't realize he would squeeze the assets to make money at the expense of the dream. They didn't know how much cash he would generate, and they based these perks on performance. The question remains, Did he damage the company longterm to create these short term profits that generated his huge bonusses?