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Old 10-02-2005, 09:19 AM
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Post Eisner Touts New Disney CEO Iger in Farewell E-mail

     
  

Former Walt Disney Co. Chief Executive Michael Eisner told the media giant's employees in a farewell e-mail the company was "poised for a tremendous future" under his successor, according to a report on Saturday in the Los Angeles Times.

"This company, which I so love, is poised for a tremendous future, with superb management at all levels, entrusted to the brilliant and steady chief executive officer, Bob Iger," Eisner wrote in his e-mail. Eisner stepped down as chief executive on Friday after 21 years running Disney.

"I want to thank everybody for letting me share a piece of your lives for two decades," Eisner added. "While I leave Disney with less hair than I had when I arrived, I do know creative inquisitiveness never ages or tires. I feel as optimistic as I did on October 1, 1984," Eisner wrote.

Eisner leaves behind a mixed legacy. He posted brilliant early success but later faced executive turmoil, an operational slump and a shareholder revolt launched by Roy Disney, nephew of company founder Walt Disney.

The company's board made many of the changes urged by Roy Disney but he failed to oust Eisner, who leaves on his own terms.

Reuters

October 1, 2005

San Francisco
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Old 10-02-2005, 10:06 AM
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Regardless of how people felt about Eisner, there can be no doubting that he did a great deal for Disney, to continue in his footsteps will not be a simple task. It will be interesting to watch and see how this next Disney decade evolves.
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