A very interesting article was placed at Jim Hill's site regarding the weekend's activities...

http://www.jimhillmedia.com/mb/articles/showarticle.php?ID=1343



"But if that was really the case, then why the rush job?," you query. "Why was it necessary for Disney's board of directors to hurriedly convene on a Saturday night and announce the company's CEO three months ahead of the previously announced schedule?" These are all excellent questions, folks. Ones that the Walt Disney Company genuinely hopes that mainstream reporters won't be asking anytime soon.

I watched CNBC Monday morning after this announcement. The anchor team that morning was very alive and "on" to this story. They asked truly tough questions of every analyst they had on as a guest.

In the world of business news and Wall Street stock reporting, a sure plan with no surprises is what stock analysts and stockholders want to hear. Already Iger is "signalling" he's willing to talk to Steve Jobs and Pixar to make a deal once the management reins at Disney change over October 1. Iger is "signalling" he's favoring an entrepreneurial spirit in the various departments of Disney to reignite the creative spirit there.

It's still too early to tell.

But I'm willing to bet the reason why "the rush job" is to get an idea of stability and continuity out there and also to counteract the bad press of the "Disney Wars" book and the possible negative outcome of the shareholders' lawsuit about the firing of Michael Ovitz years ago.

Notice also that Disney Board Chairman Mitchell is announcing his resignation from the job as of the next annual shareholders' meeting. And that in an article from the New York Post that several Disney Board members are not in favor of Bob Iger to be CEO. That in fact their positive votes favoring Iger come in exchange: That Michael Eisner not seek a further position on the Board of Directors of Disney after his retirement and after his departure September 30. In other words, Eisner indeed is truly out in exchange for a vote in favor of Bob Iger being the next CEO. Eisner leaves sooner than announced previously, he leave this year, in six months from now. In which case yes you do want to know who'd be taking over after that and promoting from within seems to be where Disney wants to go.

I could be wrong, however, and so could the New York Post.