News just out - suit filed by Disney and Gold re:election of directors and disclosure

wendybeth · 05-10-2005, 10:46 AM

What he said. (Scaeagles)

None of us can pretend to know what goes on behind the scenes, and second guessing either camp is largely just an excercise in frustration. But here goes:

I think that Eisner used Iger to outmaneuver Roy and Stan. First, he pretended to support an earnest search for a new candidate, and timed his resignation to allow for a search after the shareholder's meeting. That way, a new slate nomination by Roy and Stan would be seen as devisive and unnecessary, and reflect poorly on them. There was never any serious candidate for the position besides Iger, something Eisner ensured by threatening to sit in on the process, etc. Iger is Eisner's way to remain in the company, so long as Iger remains loyal....

Roy and Stan knew all of this, of course, and so elected to sit back and feign watchful waiting. Knowing that Eisner's ego is so overblown he would become sloppy, they simply waited for him to give them a chance to get this into court. And he did. The 'search' was a huge joke, and widely reported as such. If a judge approves this to go forward, then Roy and Stan can subpeona records, memo's, individuals (such as Meg Whitman) and the like. Eisner does not want this to get to court, and neither does Iger.

Read back on some of the SaveDisney letters from Roy- he knew what was up. And remember who let the parks slide to such a state, in a time of economic plenty, no less. (The majority of the 'slide' was occuring well before 9/11). I'm glad they fixed things up, but I do not trust them to maintain it.

05-10-2005, 10:46 AM	#12
wendybeth Nevermind Join Date: Jan 2005 Posts: 7,847	What he said. (Scaeagles) None of us can pretend to know what goes on behind the scenes, and second guessing either camp is largely just an excercise in frustration. But here goes: I think that Eisner used Iger to outmaneuver Roy and Stan. First, he pretended to support an earnest search for a new candidate, and timed his resignation to allow for a search after the shareholder's meeting. That way, a new slate nomination by Roy and Stan would be seen as devisive and unnecessary, and reflect poorly on them. There was never any serious candidate for the position besides Iger, something Eisner ensured by threatening to sit in on the process, etc. Iger is Eisner's way to remain in the company, so long as Iger remains loyal.... Roy and Stan knew all of this, of course, and so elected to sit back and feign watchful waiting. Knowing that Eisner's ego is so overblown he would become sloppy, they simply waited for him to give them a chance to get this into court. And he did. The 'search' was a huge joke, and widely reported as such. If a judge approves this to go forward, then Roy and Stan can subpeona records, memo's, individuals (such as Meg Whitman) and the like. Eisner does not want this to get to court, and neither does Iger. Read back on some of the SaveDisney letters from Roy- he knew what was up. And remember who let the parks slide to such a state, in a time of economic plenty, no less. (The majority of the 'slide' was occuring well before 9/11). I'm glad they fixed things up, but I do not trust them to maintain it. __________________
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