Wednesday, February 02, 2005

And Speaking of the MOUSE-HOUSE

Disney to name a new CEO by June
ORLANDO -- Walt Disney Co. chairman George Mitchell said Tuesday that the media and theme park company's board was on track to name a successor to chief executive Michael Eisner by June.

Disney's board stripped Eisner of his chairman title following last year's annual meeting after a strong protest of his stewardship. He has said he plans to leave the CEO post in September 2006 when his contract expires
."We are committed to announcing our decision no later than this June," Mitchell
told analysts at a meeting here. "There has been no prior determination. There
are no preconditions."
EDITOR'S NOTE: WELL, EXCEPT FOR THE WILLINGNESS TO WEAR THE MOUSE-EARS 24-7, AND TO HAVE WALT'S VISAGE TATTOOED ON YOUR DERRIERE. BUT OTHER THAN THAT.......
Mitchell added that the entire board is engaged in the search.

Many investors increasingly see Bob Iger, Disney's president, as a shoo-in, given a turnaround at the ABC network."
There is no reason for the board not to give the job to Bob Iger," said Disney
shareholder Jack Liebau of Liebau Asset Management. "If Bob Iger were named CEO that would certainly make a gradual transition easier for the company."EDITOR'S NOTE: I'M KINDA HURT NO ONE HAS EVEN ASKED ME TO APPLY. I MEAN, I'M PERFECT. I'M SEMI-UNEMPLOYED, AND I'M WILLING TO LIVE AT ANY OR ALL OF THE DISNEY THEME PARKS. OH, AND I'M PERSONAL FRIENDS WITH TIGGER. WHAT MORE COULD THEY WANT?!
That could leave a lengthy transition period if Eisner stayed until the end of his contract.

Asked about a transition plan, Mitchell told Reuters, "We won't know that until we select the person. We will develop a transition plan that will depend in part on who the successor is."EDITOR'S NOTE: AND THEN EISNER SUDDENLY DISAPPEARS IN THE DEAD OF NIGHT, WITH ONLY GLIMPSES OCCASIONALLY CAUGHT OF HIM AS A 'HITCHHIKER' ON THE HAUNTED MANSION RIDE, AND AS PEOPLE ARE WAITING IN LINE AT THE TOWER OF TERROR.

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