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NEWS
Disney shareholders revolt against Eisner
POSTED 04 Mar 2004 . BY
Michael Eisner was yesterday forced to stand down as the chair of the Disney Group, following a shareholder revolt.

However, Eisner will keep his position as chief executive, despite 43 per cent of the company's shareholders voting against the continuation of his leadership.

The revolt was lead by former board member, Roy Disney – nephew of the company’s founder, Walt.

Roy Disney claimed Eisner’s strategy has transformed the company into a ‘soul-less entity’, always looking for ‘the quick buck’, rather than attempting to create long-term goals.

Some analysts have said that the shareholders’ action comes two years too late, however, many claim Eisner has vindicated his strategy by improving the media giants’ fortunes.

Despite having a tumultuous five years, the Disney Group has pulled back some of the profit losses it suffered after 11 September 2001.

Reporting its first quarter figures last month, Disney announced a five per cent rise in revenue from its theme park business.

The price of shares in the group has also recently recovered from their slump, largely helped by the hostile takeover bid from cable company, Comcast.

Former US Senator, George Mitchell, was elected chair to replace Eisner. Details: www.disney.com

MORE NEWS
Universal's Epic Universe set to open in 2025
Building work on Universal's Epic Universe – a new theme park at the Universal Orlando Resort in Florida, US – is advancing and the park is set to open to visitors in 2025.
Seventh International Museum Construction Congress to be held in Norway this year
The International Museum Construction Congress (IMCC) will take place in the Norwegian capital city, Oslo, from 6 to 8 November 2022.
The 'world's most anticipated museum' to finally open this year
The Grand Egyptian Museum is set to finally open its doors after a design and construction project which has taken more than 20 years to complete.
Horniman Museum to return 72 looted artefacts to Nigeria
+ More news   
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COMPANY PROFILES
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
FEATURED SUPPLIER

Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

Red Raion Showreel 2021
Another year has passed, and we’re definitely happy with what we have accomplished in 2021! Find out more...
More videos:
IAAPA Expo Europe Promo – International Association of Amusement Parks and Attractions (IAAPA)
Keynote | Moby Dick - Friends to the rescue! – Red Raion
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
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CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-04 Sep 2022

HEALING SUMMIT 2022 - The Healing of Everything

Pine Cliff Resort, Portugal
27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
+ More diary  
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©Cybertrek 2022
Jobs    News   Products   Magazine
NEWS
Disney shareholders revolt against Eisner
POSTED 04 Mar 2004 . BY
Michael Eisner was yesterday forced to stand down as the chair of the Disney Group, following a shareholder revolt.

However, Eisner will keep his position as chief executive, despite 43 per cent of the company's shareholders voting against the continuation of his leadership.

The revolt was lead by former board member, Roy Disney – nephew of the company’s founder, Walt.

Roy Disney claimed Eisner’s strategy has transformed the company into a ‘soul-less entity’, always looking for ‘the quick buck’, rather than attempting to create long-term goals.

Some analysts have said that the shareholders’ action comes two years too late, however, many claim Eisner has vindicated his strategy by improving the media giants’ fortunes.

Despite having a tumultuous five years, the Disney Group has pulled back some of the profit losses it suffered after 11 September 2001.

Reporting its first quarter figures last month, Disney announced a five per cent rise in revenue from its theme park business.

The price of shares in the group has also recently recovered from their slump, largely helped by the hostile takeover bid from cable company, Comcast.

Former US Senator, George Mitchell, was elected chair to replace Eisner. Details: www.disney.com

MORE NEWS
Universal's Epic Universe set to open in 2025
Building work on Universal's Epic Universe – a new theme park at the Universal Orlando Resort in Florida, US – is advancing and the park is set to open to visitors in 2025.
Seventh International Museum Construction Congress to be held in Norway this year
The International Museum Construction Congress (IMCC) will take place in the Norwegian capital city, Oslo, from 6 to 8 November 2022.
The 'world's most anticipated museum' to finally open this year
The Grand Egyptian Museum is set to finally open its doors after a design and construction project which has taken more than 20 years to complete.
Horniman Museum to return 72 looted artefacts to Nigeria
Decommissioned oil rig transformed into See Monster art installation
An oil rig that spent three decades in the North Sea before it was retired last year is being transformed into an interactive art installation in Weston-super-Mare, UK.
Jake McCoy joins Ted leadership team as director of operations
The Experience Department (Ted) has expanded its European-based leadership team, appointing Jake McCoy to the new position of director of operations.
+ More news   
 
COMPANY PROFILES
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
FEATURED SUPPLIER

Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

Red Raion Showreel 2021
Another year has passed, and we’re definitely happy with what we have accomplished in 2021! Find out more...
More videos:
IAAPA Expo Europe Promo – International Association of Amusement Parks and Attractions (IAAPA)
Keynote | Moby Dick - Friends to the rescue! – Red Raion
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-04 Sep 2022

HEALING SUMMIT 2022 - The Healing of Everything

Pine Cliff Resort, Portugal
27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
+ More diary  
 


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Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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ATTRACTIONS MANAGEMENT NEWS
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PRINT SUBSCRIPTIONS
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