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Eisner Plans to Step Down as Disney Chief in 2006







Eisner Plans to Step Down as Disney
Chief in 2006

Eisner Plans to Step Down as Disney
Chief in 2006
09/10/2004 12:48 PM

The embattled chief executive officer told Disney's board of directors that he plans to step down in two years.




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1. The failure to bring back ABC Prime Time from the ratings abyss it has been in for years and your inability to program successfully the ABC Family Channel. Both of these failures have had, and I believe will continue to have, significant adverse impact on shareholder value.

2. Your consistent micro-management of everyone around you with the resulting loss of morale throughout the Company.

3. The timidity of your investments in our theme park business. At Disney's California Adventure, Paris and now in Hong Kong, you have tried to build parks "on the cheap" and they show it and the attendance figures reflect it.

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