Subject category:
Human Resource Management / Organisational Behaviour
Published by:
Harvard Business Publishing
Version: 4 April 2005
Length: 34 pages
Data source: Field research
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Abstract
At a March 2004 annual shareholder meeting, 45% of Walt Disney Company's shareholders withheld their support from Chief Executive Officer (CEO) and Chairman Michael Eisner, producing a large no-confidence vote in the company's leader. The company had struggled financially in recent years and the board was widely believed to be beholden to Eisner. Two directors, Roy Disney and Stan Gold, resigned in protest of Eisner's leadership and the board's unwillingness to change. The two began to wage a public relations battle calling for Eisner's removal and asking all shareholders to withhold their support from him at the upcoming shareholder meeting. Traces the history of Eisner's reign at the company and the events leading up to the March 3, 2004, shareholders meeting.
Location:
Size:
112,000 employees, USD27 billion revenues
Other setting(s):
1984-2004
About
Abstract
At a March 2004 annual shareholder meeting, 45% of Walt Disney Company's shareholders withheld their support from Chief Executive Officer (CEO) and Chairman Michael Eisner, producing a large no-confidence vote in the company's leader. The company had struggled financially in recent years and the board was widely believed to be beholden to Eisner. Two directors, Roy Disney and Stan Gold, resigned in protest of Eisner's leadership and the board's unwillingness to change. The two began to wage a public relations battle calling for Eisner's removal and asking all shareholders to withhold their support from him at the upcoming shareholder meeting. Traces the history of Eisner's reign at the company and the events leading up to the March 3, 2004, shareholders meeting.
Settings
Location:
Size:
112,000 employees, USD27 billion revenues
Other setting(s):
1984-2004