Monday, October 25, 2004

End of the Ride

Disney CEO will quit in 2006 after 20 years at the top. Michael Eisner will step down as Walt Disney Co's chief executive when his contract expires in September 2006. Eisner has been through bruising corporate battles and a shareholder revolt that has hurt the company. Disney is a world wide name and with this annoucement of the CEO leaving by 2006 may have people questioning what will take place in the next two years. With Disney being such a giant parent company to companies like ABC and Fox Family Worldwide, what will this annoucement bring. With a CEO planning his departure what will the public and shareholders think, will people think differently. Will Eisner make foolish decisions knowing he is leaving or will he continue to work hard for company while he is there. If Eisner makes foolish decision in his final two years will it have a impact on the US's economy being such a big company linked to so many other large companies. What will the impact of this annoucement have on the economy.

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