Well spotted Randy. When Eisner and Wells first arrived on the Disney scene, many good things happened to the company. Over time, and with the loss of Wells, the quest turned to corporate greed. That strategy works for Wal-Mart, but not for Walt Disney.
Nice letter Randy. For those looking to get an update.. Eisener was voted out, so now what? Will we stop seeing these cheap sequels to big budget Disney flicks? Will Roy Disney get back with the company? Haven't read anything recent after the stockholders' meeting.
Eisner's being phased out isn't going to take things in a more "creative" direction. I would probably die of a heart attack, at the age of 22, if a single stockholder besides Roy Disney said "these crappy but profitable sequels to animation classics have got to go." And I'm fairly tenuous with Roy.
The Michale Eisner backlash is the result of ABC becoming the joke of the networks, the flailing grip on the theme parks, and the inability to strike a deal with Pixar. He's also recieved some emnity over the inability to set up a clear line of succession, which ironically kept him from being kicked out for so long in the first place.
I have a feeling whoever will be in charge in a year well make us nostalgiac for Mike.
I think if Roy Disney wants to keep the company's "legacy" alive, he's going to have point pragmatic alternatives, not turn it into a pissing match.
Well, that, and the unrelenting feeling that $5 of every ticket at WDW somehow ends up directly in his pocket, due to some back-office stock option deal.
Eisner wasn't voted out. There was no one running against him. A large percentage of stockholders (but not a majority) simply withheld their support by not rubber-stamping his re-election.
Hasn't changed anything as far as I can see, and probably won't for the foreseeable future until the Board of Directors rejoins the real world.
Eisner is exactly where he was before; it's just that George Mitchell, former senator (and creative genious behind such films and rides as.. oh wait, none) is now Chairman of the Board. Mitchell spent most of his time making an impassioned plea for Michael to stay, and received the second most votes withheld of anyone on the board (25%) so.. I don't see how there has been any change at all.
The most creative/risky thing Disney has done in the past 10-20 years has been Pixar. Nothing else has come close to the risks Walt took when he was around.
I can just imagine all of the "Cool" things that have been shot down by management because they thought it may not have been profitable enough.
Such as the cel animation department? All it would take to completely revitalize that format is to come up with better, more original stories and characters. But, instead, Eisner opts to put a zillion people out of work because the last few hand-drawn features didn't earn two million bucks each. Sad.
Why show any creativity when you can just simply remake all of your old classics using computer animation. My jaw almost broke through the floor when I heard that Eisner wanted to do this. A lot of people over at Disney lemented those horrible direct to video sequels, of course most of them were actually artists and the like and so were promptly fired for exercising free thought and stuff.