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Author
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Topic: Read It And Weep: Eisner/Disney Board Victorious!
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monkeydad
Member
Member # 1566
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posted
What's the issue here? That Disney lived up to its contract with Ovitz? Maybe Eisner overstepped his authority, but he did bring Ovitz on board and boot him 18 months later. If I were Ovitz I'd be insisting that the Maus Haus hold up their end of the agreement too.
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Evan Esparza
IE # 214
Member # 3171
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posted
I'll post the good tid-bits here to save people a second or two of clicking links ![[Wink]](wink.gif)
quote:
Judge Calls Disney's Eisner 'Machiavellian'
Tuesday, August 09, 2005
By Roger Friedman
Judge Calls Disney's Eisner 'Machiavellian'
The verdict is in on the Disney shareholders' lawsuit. And while Disney has won — at least until the case is appealed by the shareholders — it's not all good news for the Mouse House.
In fact, in his ruling, Judge William B. Chandler III had some not-so-nice observations to make about outgoing Disney CEO Michael Eisner. In his 180-page ruling, Chandler spends quite a few pages ruminating on Eisner. He writes:
"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."
The judge, while finding that Eisner was well-intentioned on behalf of Disney, doesn't exactly give the departing CEO a glowing recommendation for future employers.
"Eisner's actions in connection with Ovitz's hiring should not serve as a model for fellow executives and fiduciaries to follow. His lapses were many. He failed to keep the board as informed as he should have. He stretched the outer boundaries of his authority as CEO by acting without specific board direction or involvement. He prematurely issued a press release that placed significant pressure on the board to accept Ovitz and approve his compensation package in accordance with the press release.
"To my mind," Chandler concludes sharply, "these actions fall far short of what shareholders expect and demand from those entrusted with a fiduciary position. Eisner's failure to better involve the board in the process of Ovitz's hiring, usurping that role for himself, although not in violation of law, does not comport with how fiduciaries of Delaware corporations are expected to act."
[ August 09, 2005, 11:21 PM: Message edited by: the Moderator ]
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Evan Esparza
IE # 214
Member # 3171
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posted
Could Charles or a Mod edit out that top part of my post with all that useless junk! I'm sorry I didnt catch it the first time =(
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Semaj
Member
Member # 3131
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posted
Eisner may have won the case, but he still got effed in the ay! ![[funny]](graemlins/funny.gif)
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babylove
Member
Member # 2497
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posted
OT, but did you know it was Eisner's idea to do Happy Days in front of a live audience and make Fonzie the star (thereby turning it from a charming nostalgic one-camera comedy into a loud, brash show with an obnoxious studio audience)? The first live-audience episode, where Fonzie is about to marry a woman but discovers that she's a stripper, was from a story Eisner suggested. True story.
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Evan Esparza
IE # 214
Member # 3171
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posted
Was that before or after Fonzie jumped the shark?
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Evan Esparza
IE # 214
Member # 3171
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posted
quote:
Many fans agree that the show's quality deteriorated after the three-part-season 5 opener, "Hollywood", where Fonzie jumps a shark while water-skiing. Today, when a show takes a sharp drop in quality, it's said to "jump the shark".
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Christian
IE # 211
Member # 3132
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posted
I think we all know what it means to jump the shark.
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Evan Esparza
IE # 214
Member # 3171
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posted
quote:
I think we all know what it means to jump the shark.
Charlie Chan says, 'Man who points out the obvious never looks to himself first'
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babylove
Member
Member # 2497
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posted
quote:
Was that before or after Fonzie jumped the shark?
Oh, several seasons before. Actually if you notice, on Jumptheshark.com the most commonly selected reason for Happy Days jumping the shark is not the jump the shark episode, but the switch to a live studio audience, because that was when the show sold out -- for the first two seasons it was a nostalgic '50s throwback that was different from any other show on the air, and after the retooling, it was like every other show (but higher-rated).
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-FP-
IE # 13
Member # 914
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posted
Hey, I forgot about jumptheshark.com. I have an entry or two there. I remember one I did for USA's NIGHT FLIGHT for sure.
If I ever clear all my deadlines and finish the movie on my desk, I plan to do a massive copyright-infringement NIGHT FLIGHT series and buy the time to place it - once - on local "cable access". Maybe 2 to 6 weeks over a summer. It will feature shorts downloaded from the web and totally not cleared for rights. As long as there are no breasts, the cable company doesn't care. By the time anyone finds out, it will be too late. The few kids who see it will be forever baffled.
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