DISNEY WINS SHAREHOLDERS SUIT
Outgoing Disney CEO Michael Eisner participates in a Hollywood Walk of Fame ceremony July 14, 2005. A court decision yesterday cleared the Walt Disney Co. in connection with a lucrative severance package given to former company president Michael Ovitz. Ruminating on Eisner, the ruling judge wrote: "By virtue of his Machiavellian (and imperial) nature as CEO, and his control over (Michael) Ovitz's hiring in particular, Eisner to a large extent is responsible for the failings in process that infected and handicapped the board's decisionmaking abilities. "Eisner," the judge continues, "stacked his (and I intentionally write "his" as opposed to "the Company's") board of directors with friends and other acquaintances who, though not necessarily beholden to him in a legal sense, were certainly more willing to accede to his wishes and support him unconditionally than truly independent directors." . (UPI Photo/Jim Ruymen/File
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NEW YORK, Jan. 10 (UPI) -- Former Walt Disney Co. Chairman and CEO Michael Eisner is host of a new bimonthly, prime-time interview show for CNBC, it was announced Tuesday.
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WILMINGTON, Del., Aug. 10 (UPI) -- A Delaware judge gave a highly qualified pass to Walt Disney Co.'s outgoing chief executive for paying a fired executive $140 million.
LOS ANGELES, July 5 (UPI) -- Walt Disney Co. CEO Michael Eisner's tribute to Keewaydin, the Vermont camp where he spent his teenage summers, is staying off the best-seller lists.
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