Darkbeer
09-30-2005, 12:29 PM
http://www.forbes.com/forbes/2005/1017/047.html (http://www.forbes.com/forbes/2005/1017/047.html)
QuikQuote: Pride Rock is the mythical precipice from which the Lion King peers down on his subjects. For Michael Eisner, long-reigning chief of Walt Disney Co.--creator of the feline franchise and many others in his two decades at the top--the time has come to swallow his pride and come down from the mountain.
But this ending is bittersweet. The past six years have been tumultuous and difficult with Disney's stock dropping 3.7% per year compared with an annual drop of 1.5% for the Dow Index. He leaves at least a year earlier than planned, after weathering criticism from the late founder's nephew and being pressured out of the chairman's title by his own handpicked board. Along the way Eisner, a favorite villain for critics of out-of-control compensation, came to be seen as arrogant and imperious, cruising for a comeuppance in this post-Enron era of the diminished corporate chieftain. And now, it seems, his foes have won.
QuikQuote: Pride Rock is the mythical precipice from which the Lion King peers down on his subjects. For Michael Eisner, long-reigning chief of Walt Disney Co.--creator of the feline franchise and many others in his two decades at the top--the time has come to swallow his pride and come down from the mountain.
But this ending is bittersweet. The past six years have been tumultuous and difficult with Disney's stock dropping 3.7% per year compared with an annual drop of 1.5% for the Dow Index. He leaves at least a year earlier than planned, after weathering criticism from the late founder's nephew and being pressured out of the chairman's title by his own handpicked board. Along the way Eisner, a favorite villain for critics of out-of-control compensation, came to be seen as arrogant and imperious, cruising for a comeuppance in this post-Enron era of the diminished corporate chieftain. And now, it seems, his foes have won.