Now, major California paper says he not only wrecked the company but wrecked LA and Southern Cal. He has looted the treasury of Disney and now of Southern California with his egomanical managemnet style. He drove the world's greatest investor Warren Buffett away to solidify his control. What would have Disney been if Buffett had stayed and invested billions. Or if Warren Buffett (54 million shares sold now)whose advice Gates and others seek, were to give his advice on what to buy or what not to buy. and how to invest the excess cash that has now been squandered. Now you hold a collection of money losers and 15 billion in debt. And the irony, a few short months after his purchse of the fox family network for 5.6 billion he glibly announced he paid too much and he has no real plan to solve the mess he has created and no plans for a sucessor.
LA Paper "Michael Eisner faced more criticism on Sunday after a Los Angeles Times editorial said his management of the ailing media giant was hurting Southern California."
His compensation was approved by shareholders. That's not looting. Mistakes are made by everyone. Some learn from them. Guess I don't understand how you translate all this into looting. Don't bother trying to convince me unless you have some hard proof, like insider trading. This stuff doesn't count.
It is not just his penchant for high compensation. he has abused the shareholders by using the assets for his hobbies like the sports teams and sent all the talent away so he can have control just look at the board. But if you want to evaluate his management expertise check the growth rate the return on assets and the return on shareholder's equity.
Would Buffett's advice be valuable not according to the Board and Eisner of course the rest of the planet seems to disagree with you. Eisner got his way on his compensation and Buffett hit the exits. It was a smart decison since the stock has gone straight down and smart investors will follow his lead because nothing has changed. the Directors have spouses and kids working for Eisner he is signing their checks. The looting of the company treasury continues on wasted Eisner mistakes and most shareholders are too dumb to see it the board has rubber stamped every move he has made.
Fitch has the picture. LA times has the picture. It is a joke. Call it what you want but these days are over. Is 62% of a company's income reasonable pay? CEO CHB Rubber stamp board with kids and wives on Eisner's payroll? Well duh. We just don't get it?