Posted on 07/09/2005 10:56:05 AM PDT by churchillbuff
Walt Disney Co.'s incoming chief executive and its leading rebel shareholder declared a truce Friday, the most dramatic sign yet that the new boss is committed to sweeping aside the ill will that festered under outgoing CEO Michael Eisner
The agreement between Robert A. Iger, the new chief, and Roy E. Disney brings to a close one of the nastiest executive-suite dogfights in recent corporate history, one that led last year to Eisner being stripped of his chairmanship.
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Disney and longtime lieutenant Stanley P. Gold, both ex-directors, agreed to drop a lawsuit alleging that the selection process leading to Iger's promotion was "a sham." In return, Roy Disney will be given the honorary title of director emeritus, a post that carries no voting power or rights to attend board meetings.
(Excerpt) Read more at latimes.com ...
Sad! Eisner lives on through Iger.
More of the same to come.
Is his office space to be CGI by Pixar?
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