Home About IUP Magazines Journals Books Amicus Archives
     
A Guided Tour | Recommend | Links | Subscriber Services | Feedback | Subscribe Online
 
Global CEO Magazine:
Walt Disney's corporate governance crisis
:
:
:
:
:
:
:
:
:
 
 
 
 
 
 
 

Walt Disney, the world's leading entertainment company, has recently found itself in rough waters as a boardroom brawl had erupted. With Eisner's performance under attack, the board has decided to relieve him of his post as chairman. Eisner, however, remains the CEO. Of late, The Walt Disney company (Disney) the world's leading entertainment company has found itself in rough waters, due to a boardroom brawl.

Roy E Disney Jr., the last director from the founding Disney family has been asked to resign from his position by enforcing a rule that required all directors over the age of 72 to retire.Roy E has been highly critical of CEO, Michael Eisner, whom he feels is the main reason for Disney's poor performance in recent times. Roy E repeatedly called for Eisner's resignation. Roy E's friend, Stanley Gold has also resigned from the board to protest against the ouster.

With these events attracting wide publicity, Eisner's track record has come for a critical examination. The Corporate Library, a prestigious firm that rates boards and directors for institutional investors, has ranked Disney's board as one of the ten worst boards among 1,800 US public companies. To complicate matters further Comcast has announced a bid for Disney. With Eisner's performance under attack, the board has relieved him of his post as chairman. Eisner, however, remains the CEO.

 

 
 
 

itself, leading, attack, remains, waters, Comcast, companies, announced, complicate, erupted, events, examination, examination, family, founding, friend, further, highly, Corporate, institutional, investors, against, decided, Library, mattersDisney, Eisner, company, performance, critical, directors, boardroom, Disney's, boards, chairman, entertainment, however,