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  1. #1

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    The End of an Era

    At the end of the business day today, Michael Eisner officially stepped down from his position as CEO with this email message (below -- in it's entirety). From here, he will consult for the company at least until this coming February at which time he will decide whether to stay on or retire from the company altogether.

    Email from Michael Eisner to ALL Disney Company Email Users Worldwide:

    Dear All,

    I'm sitting in my office thinking about how much I have enjoyed working with the people who make up this company. I am about to pack up 21 years of pictures, books and letters and other Disney memorabilia from around the world that hopefully my great grandchildren will not sell on eBay. In the meantime, I will use these objects to trigger fantastic memories of my two decades sitting under the roof supported by the Seven Dwarfs in the Team Disney Building.

    I've learned so much over all these years from my partnership with you, from how to build theme parks to how the evening news is put together, from building an animated movie to building a legitimate theater on 42nd Street, from the revitalization of the 100 Acre Wood to the build-out of the thousands of acres of swamps and beet farms and landfill of Florida, Paris and Hong Kong, and even learning what a World Series ring looks like. I even finally learned the precise relationship of Huey, Dewey and Louie to Donald Duck. But I never really learned how to master reading a TV teleprompter. There is still time.

    In 1984, there was plenty of room in my brain to acquire this much-needed knowledge. At my first speech on the first day on the Burbank lot, at the old gazebo, I met my first cast member, Angela Philo, and asked what department she was in. Her response, "BVD." "Wow,” I responded, “I didn't know Disney owned an underwear company."

    And it was in search of knowledge during those first few weeks that I met almost everybody who worked for the company, 28,000 at the time, and learned that this iconic institution had the most dedicated and talented and enthusiastic group of people I had seen since I left camp as a staff member for the last time in 1964. There are now 129,000 of us, diverse, unique, and of course proud to be creating the magic.

    I wish to thank all of you for your good spirits, your fantastic pride and sense of duty working for this wonderful company. From what we do on the big and little screens to how we program our radio and television stations, from what we do on ESPN and all our world-wide cable channels to how we treat our guest in our parks, nobody does it like you. From how we develop our consumer products to how we imagine our attractions, from how we design our computer-generated worlds to how we envision our business strategies, nobody does it like you. And from the growth of our architecture to the management of our financial and legal lives, from our publishing and music operations to our emerging Internet opportunities, from every morning until every next morning, nobody does all of this as well as you. And you do it all over the world.

    This company, which I so love, is poised for a tremendous future, with superb management at all levels, entrusted to the brilliant and steady chief executive officer, Bob Iger. I want to thank everybody for letting me share a piece of your lives for two decades.

    While I leave Disney with less hair than I had when I arrived, I do know creative inquisitiveness never ages or tires. I feel as optimistic as I did on Oct 1, 1984.

    By the way, I have since learned that BVD stands for Buena Vista Distribution.

    Good luck, and go see "Chicken Little."

    Michael
    Last edited by AP2CM; 10-01-2005 at 12:35 AM.
    -"We can see a new horizon...built on all that we have done..and our dreams begin another thousand circles 'round the sun!"
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    -"...Each dream that you chase, each wish you embrace can lead to a fabulous faraway place...!"
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  2. #2

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    Re: The End of an Era

    At the end of the business day today, Michael Eisner officially stepped down from his position as CEO with this email message (below -- in it's entirety). From here, he will consult for the company at least until this coming February at which time he will decide whether to stay on or retire from the company altogether.
    Why does Disney need to have Eisner consult them? Eisner has no good advice to offer except to be greedy.

  3. #3

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    Re: The End of an Era

    I'm thinking it was his idea...
    -"We can see a new horizon...built on all that we have done..and our dreams begin another thousand circles 'round the sun!"
    -- Epcot: Illuminations "Reflections of Earth"

    -"...Each dream that you chase, each wish you embrace can lead to a fabulous faraway place...!"
    --DCA: World Of Color

  4. #4

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    Re: The End of an Era

    Quote Originally Posted by Disney Wrassler
    Why does Disney need to have Eisner consult them? Eisner has no good advice to offer except to be greedy.
    With all of his recent missteps, it is easy to forget that Eisner did do a lot of good for the company. It was not in good shape when he took over.

  5. #5

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    Re: The End of an Era

    He's being paid as a consultant. Emphasis on being paid.
    "Here You Leave the World of California Today and Enter the World of, um, er, California Today."

  6. #6

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    Re: The End of an Era

    Quote Originally Posted by sediment
    He's being paid as a consultant. Emphasis on being paid.
    I'm not sure why this is an issue. I usually expect to be paid for work that I do.

  7. #7

    • Former Epcot CM
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    Re: The End of an Era

    His contract ends August 2006, it was HIS choice to leave in 2005. He will still be paid till his contract ends.
    BACKPACKING REALNESS

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  8. #8

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    Re: The End of an Era

    After reading through Iger's speech thinger and then Eisner's email, I'm surprised to say that Eisner's was a much more personal, Disney-fied, cute little email while Iger's was "corporate cliche THIS!" and "corporate cliche THAT!" I'm not really getting at anything, I'm just saying... .

  9. #9

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    Re: The End of an Era

    I thought the email was very nicely done.

    I'm not going to say I will miss Eisner, but, as was said above, he did do some good things.


  10. #10

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    Re: The End of an Era

    Quote Originally Posted by DifrntDrmr
    I'm not sure why this is an issue. I usually expect to be paid for work that I do.
    I meant that he would likely be getting paid, whether he actually consulted or not.
    "Here You Leave the World of California Today and Enter the World of, um, er, California Today."

  11. #11

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    Re: The End of an Era

    I think the real reason why he is on board as a consultant is so he can fullfill his contract and recieve his retirement pention... as opposed to having Disney buy out his contract... (Golden Parachute anyone?)
    Check out my other blog:

  12. #12

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    Re: The End of an Era

    Eisner did good for the Company is the 80's and 90's, he just fell off the wagon at the turn of the century is all!

  13. #13

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    Re: The End of an Era

    In a surprise move, Eisner has severed all ties with Disney. He will not serve on the Board of Directors.

    He has completely removed himself from Disney. I wonder if Roy had any input on this.

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