Darkbeer
11-13-2002, 11:55 AM
Disney CEO refuses to offer succession plan (http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1035873267747) - Financial Times, 11/13/02
QuikQuote: Mr Eisner also said that revealing a succession plan - as some investors have urged Disney to do - would hinder his effectiveness as leader. He said it would be appropriate to unveil a succession plan one year before he was due to retire, but noted that his contract runs until 2006.
"The day you announce a succession plan, you ask the CEO to be a lame duck," Mr Eisner said on Wednesday at a forum held by The Newhouse School, The New Yorker Magazine and UBS Warburg. "I still like what I'm doing and I'm not 102."
QuikQuote: Mr Eisner also said that revealing a succession plan - as some investors have urged Disney to do - would hinder his effectiveness as leader. He said it would be appropriate to unveil a succession plan one year before he was due to retire, but noted that his contract runs until 2006.
"The day you announce a succession plan, you ask the CEO to be a lame duck," Mr Eisner said on Wednesday at a forum held by The Newhouse School, The New Yorker Magazine and UBS Warburg. "I still like what I'm doing and I'm not 102."