Disney's Eisner Eyes Double-Digit Growth (http://abcnews.go.com/wire/Business/reuters20021001_582.html) - Reuters, 10/1/02

QuikQuote: In a speech at a Goldman Sachs conference in New York, Eisner said he believes the economic downturn is near an end, leaving Disney well-positioned to cash in on recent years of heavy capital spending at its theme parks where, again, the Disney brand name helps bring in tourists.
"Since this is the first day of our new fiscal year, let me say that our expectations are for strong double-digit EPS (earnings per share) growth in 2003," Eisner said in prepared remarks.

Originally posted by Darkbeer
Eisner...

QuikQuote: the Disney brand name helps bring in tourists
Oh Good Grief!!! It isn't the Disney Brand name that makes us go there! It is the consistency of quality of the vacation experience, the service, the "magic" -- not the Disney brand name. Geesh... He really doesn't get it.

Quote from the article:

"After a glowing introduction, Eisner joked "It's nice to be introduced without having the words, 'micro-managing,' 'embattled,' or 'quixotic' mentioned with my name." "

micro-managing, okay, embattled, okay--- but quixotic?


From my Oxford Dictionary:

quixotic adj. 1 extravagantly and romantically chivalrous; regardless of material interests in comparison with honor and devotion. 2 visionary; pursuing lofty but unattainable ideals


huh?:confused: :confused: "quixotic???"- I think Walt was quixotic, but that's not a word I would have used to describe Eisner. But I wish he was!:)

For those of you that would like to hear the speech by Michael Eisner, here is a link...

http://disney.go.com/corporate/investors/events/presentations.html

Originally posted by Darkbeer

QuikQuote: In a speech at a Goldman Sachs conference in New York, Eisner said he believes the economic downturn is near an end, leaving Disney well-positioned to cash in on recent years of heavy capital spending at its theme parks where, again, the Disney brand name helps bring in tourists.


Heavy capital spending? The parks have been putting in off the shelf type stuff in the past few years. While that costs some money, I don't think that it qualifies as heavy capital spending in my mind.

Originally posted by HTHBellcaptain
Heavy capital spending? The parks have been putting in off the shelf type stuff in the past few years. While that costs some money, I don't think that it qualifies as heavy capital spending in my mind.

Building 4 new parks (3 company-owned), several new hotels, new and/or expanded shopping districts, etc. all certainly classify as >very< heavy capital spending. I suspect Disney has probably spent more on the Parks and Resorts division in the last 5 years than they have in any other similar-length period in the company's history.

-Jeff

Originally posted by teri
Oh Good Grief!!! It isn't the Disney Brand name that makes us go there! It is the consistency of quality of the vacation experience, the service, the "magic" -- not the Disney brand name. Geesh... He really doesn't get it.

Actually, Teri, he does.

All the things you described are what the Disney brand name means. People who have never been to Disney World spend their life's savings to go there because it's Disney. Parents will take their kids to the newest animated feature without knowing anything about it other than, "It's Disney." The name has become synonymous with all the qualities you described and more, and that's what it is routinely called the most valuable brand name in the world...

In that case, they're poisoning the goose that laid the golden egg by failing to live up to the reputation of quality they so carfully built over the years.

But Iceman, don't you get it? All those perceptions came from the actual service and quality of the vacation experience at the parks, not the other way around. It is the quality that makes the brand, not the brand that makes the quality. That was one reason the Disney stores started to slide, IMO - they started carrying merchandise with the Disney brand that was not high quality. Ditto with the parks - if they do not provide a quality experience, then the brand is not enough to make us prolong our stay.