Luv2Roam
DIS Veteran
- Joined
- Jun 3, 2000
The New York Post reported Michael Eisner has a year to whip Disney into shape ? or find himself another job.
The Post cited a source close to the Disney board of directors, who stated that the board will give Eisner 12 months to turn things around at the media company before talking job termination.
The Post also reported that two influential Disney investors are trying to recruit a replacement for Eisner.
Disney stock, along with other major media stocks, has been sagging in recent months, as the tourism industry remains in a slump. That, in turn, has impacted attendance at theme parks, including Orlando's Walt Disney World. And Disney-owned ABC has been trailing badly in the ratings.
Sprinkling salt on this open wound was UBS Warburg, which on Sept. 16 cut its price target for Disney stock to $15 from $18. The reason: A potential war with Iraq could further slow down visits to theme parks.
The Post cited a source close to the Disney board of directors, who stated that the board will give Eisner 12 months to turn things around at the media company before talking job termination.
The Post also reported that two influential Disney investors are trying to recruit a replacement for Eisner.
Disney stock, along with other major media stocks, has been sagging in recent months, as the tourism industry remains in a slump. That, in turn, has impacted attendance at theme parks, including Orlando's Walt Disney World. And Disney-owned ABC has been trailing badly in the ratings.
Sprinkling salt on this open wound was UBS Warburg, which on Sept. 16 cut its price target for Disney stock to $15 from $18. The reason: A potential war with Iraq could further slow down visits to theme parks.