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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

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Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
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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...]
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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
Queen Elizabeth II to be commemorated by Thames' Illuminated River
Illuminated River, described as the world’s longest public artwork, will be lit in commemoration of the passing of Her Majesty The Queen, Elizabeth II.
Brad Pitt makes debut as sculptor at Finnish art museum
Hollywood superstar, Brad Pitt, has made his debut as a sculptor as part of British artist Thomas Houseago’s first ever exhibition in the Nordic countries.
World's longest and 'technologically advanced' zipline planned for Iceland
A 1km-long zipline offering riders speeds of 120km/h is set to open in Iceland later this year.
Triotech secures deal to supply rides for Puy Du Fou Asia's first Chinese attraction
Triotech has secured a deal to supply its interactive ride technology for the SAGA Experience, an immersive attraction being developed in the heart of Shanghai, China, by Puy du Fou Asia.
Tangled attraction among new additions revealed for Disneyland Paris Resort
A Tangled-themed family ride is among a range of new attractions revealed for the Walt Disney Studios Park at Disneyland Paris Resort, France.
Merlin takes over operations at UK's largest indoor waterpark
Merlin Entertainments has secured a contract to operate Blackpool Sandcastle, the UK's largest indoor waterpark.
+ More news   
 
COMPANY PROFILES
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [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

International Association of Amusement Parks and Attractions (IAAPA) - IAAPA Expo Europe Promo
A celebration of the industry, IAAPA Expo Europe is where thousands of leisure professionals gather to learn what’s new and trending. With hundreds of exhibitors set to showcase their innovations, an education conference packed with insights on sustainability, guest experience, technology combined with Special Events and EDUTours, this year’s expo promises to be one of our best. Find out more...
More videos:
Red Raion Showreel 2021 – Red Raion
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
Keynote | Moby Dick - Friends to the rescue! – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
13 Oct 2022

VAC 2022

The ICC Birmingham, Birmingham, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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PRINT SUBSCRIPTIONS
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