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  1. #1

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    Iger speaks for Cast

    Bob Iger spoke on behaf of the Disney Cast Mambers and Employees the other day. In reponse to Roy E. Disney and Stan Gold's lawsuit against the Walt Disney Comapany and the board of directors he said...

    In a conference call Wednesday to discuss the company's latest earnings, Iger called the lawsuit "completely without any basis." He also said Disney employees were "just plain fed up with all this."

    Now, I know a lot of Disney CMs and Employees are on Roy's side, and I know a lot of CMs and friends of CMs are on this site. So, my question is...

    Is Bob Iger's statement accurate?

  2. #2

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    Well, I think Roy & Stanley are probably right when they claimed that Eisner & his staff did not perform a thorough search for a new CEO but it's not for Roy & Stanley to decide how the company selects their appointed officials.

  3. #3

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    Quote Originally Posted by Evil Minion
    Well, I think Roy & Stanley are probably right when they claimed that Eisner & his staff did not perform a thorough search for a new CEO but it's not for Roy & Stanley to decide how the company selects their appointed officials.

    Even though Roy is the largest shareholder? Eisner always checked in with Bass.

  4. #4

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    Perhaps but I think this was done in part to tell Roy to screw off & this is his way of getting back.

    It's like a tennis game.

  5. #5

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    Roy's name alone, forgetting all he's done for the company, should count for something.

    And frankly, I dare anyone to say Disney actually did a real serach for the next CEO with a straight face.

  6. #6

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    Just because you have a famous name doesn't mean what you say should be taken into consideration.

    Jane Fonda anybody???

    Not to say that Roy doesn't make some good points. I don't think Iger speaks for ALL WDC employees, but I'm sure not ALL agree with Roy either.

    There are always 2 sides to every story, and it seems in this case, and on this site you only see one side, Save Disney's side.

    Not that it's a bad thing, but it would be nice to see some conflicting views once in awhile.


  7. #7

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    I would suggest that perhaps it depends on how you look at and interpret this statement. I'm sure that most employees (and fans like myself) are "just plain fed up with all this", if you take "this" to mean all the drama and turmoil surrounding the company. At this point, i'm sure there are plenty of people who would just as soon get on with life, under whatever leader that may be rather than continue to be unsure of what the future may hold for the company.

    I'll admit that i'm right there with everyone else singin' "nananana heyheyhey goodbye" to Michael Eisner. I'll admit that Roy makes a valid point in that the selection process was not what it should have been. But at this point, we don't know what Iger is going to be like yet. So far most of the changes he's made since the announcement have seemed to be steps in the right direction. So why stir up trouble again now? keep watching, ready to pounce the moment he screws up, but this lawsuit just seems a little silly to me. it's like asking for a do-over. "we don't like the fact the way this happenned so we want a do-over" They're just creating more distractions for him that might keep him from being able to do the job we'd all like to see done.

    Just seems like a select group of "cool kids" fightin in the sand box while everyone else just stands around getting "fed up" with all the drama. but that's just my own silly, rambling thoughts on the matter.




  8. #8

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    Quote Originally Posted by WDW1974
    Roy's name alone, forgetting all he's done for the company, should count for something.

    And frankly, I dare anyone to say Disney actually did a real search for the next CEO with a straight face.
    I agree, it does not seem like they did their diligence. In any event, there are not many qualified candidates to consider either. The reality is that the company is bouncing back and cleaning up it's collective act so far. Bob Iger should be insulted by this lawsuit, not by it's accusation, but it's true meaning, they think he's unqualified for the job. I'm sure he'd like a chance to prove himself. I'm pleased so far. Roy and Stanley are attacking swords out and going for blood (see Avitar).

    As far as speaking for the cast, I'm sure every Disneylander, wether you're a Roy fan or not, knows all of this taints the magic. dirty laundry is just that and the stains are getting pretty indelible.
    "As usual he's taken over the coolest spot in the house"- Father re: Orville 1963

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  9. #9

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    Quote Originally Posted by Cousin Orville
    they think he's unqualified for the job.
    It isn't that they think him "unqualified". They think him one of Eisner's lackies. This is a struggle for control of the company, and Iger becoming CEO, qualified or not, keeps the current old-boys-network in place. A board hand-picked by Eisner, elects a replacement CEO hand-picked by Eisner. It ensure the board they'll keep their positions, and ensures the other Eisner minions that it will be business as usual.

    What Roy wants is a major shake up, and in the confusion of back-office politics that would follow, to rise back to a position of control of the company. Get his own old-boys-network back in charge so that he is hand-selecting his own board and hand-selecting his own puppet CEO.

  10. #10

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    First off, I am not a CM, but I wanted to weigh in on this issue, however I think most people know where I stand on this big issue...

    Quote Originally Posted by dshimel
    It isn't that they think him "unqualified".
    I agree with you... It isn't that he is unqualified, rather Iger is a step in a direction that I think Roy does not want the company to go in...

    It heralds to the Content Creation verses Content Distribution...

    Iger comes from the ABC/Capcities line of management, which is in essence a Content Distributor... Roy has been working in Animation for years now, which is Content Creation...

    If you notice in the last couple of years, Eisner and now Iger has been refocusing the company away from areas where content is created except where it focuses on TV and Video... Most of the film creation including Animation is now being subcontracted.

    For Roy and those of us who have "grown up" on Disney know that the heart and soul of the company is the Animation Studio and the Theme Park... "It started with a Mouse"...

    But the ABC changed focus, there was an agressive movement now to make ESPN the heart and soul of the company... Because that is a vertual monopoly, where as children's programming is not a monopoly (Viacom's "Nick" channels.)

    ---- I digress ----

    As far as I can see from Iger's reaction... He did not address the content of the argument of the case really... How can he say that he is not partial to the boards actions if he himself sits on the board of directors? Of course he is going to vote for himself! Duh! He isn't an "independant director."

    You can't really say that Roy simply wants his people in the board seats, rather than he wants independant directors in the board seats.

    Board members get voted in every year, they don't have three year terms like most other boards...

    That is why I say the law suit is just a "shot across the bow" to see what kind of support Roy and Stan have, and then they will likely mount another proxy fight at the next annual meeting of investors.
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  11. #11

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    Quote Originally Posted by cellarhound
    Board members get voted in every year, they don't have three year terms like most other boards...
    But, the board controlls who get on the board's ballot.

    That is the real point of this law suit I think. There was a court ruling last year that said in addition to the boards candidates, significant stockholders can submit their own slate of contenders.

    Roy wants to use this lawsuit to get the last election thrown out, a new election held with his own hand-chosen board members, then use the controversy to get his slate of henchmen elected.... thus taking back contol of the company from Eisner and his henchmen.

  12. #12

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    From what I have been reading (see various postings in the news forum) this was a bad time to file this lawsuit. Disney's profits are way up and many people in the business/financial world think that Roy, et,al have nothing to complain about and should shut up and go away. It also looks bad that this comes right at a time when Disney has been its most visable and in the minds of America. Disney has not had this much publicity in a long time.

    That being said- I agree that we need to give Iger a chance, no one knows if he is going to be good or bad for business yet.

    I also think that money isn't everything and the favorable quarterly reports that have come out this week don't necessicarily mean anything- we have seen what happens when the company is solely focused on profits and this is not a good indicator of the companies health.

    IHO, I do not think Roy filed this lawsuit expecting the BoD to get thrown out by a judge- most speculate that this is impossible and a judge will most like throw out the lawsuit. They have to prove that they actually believed that the Board of Directors would keep thier word. The very fact that their campaign exists pretty much proves that they do not trust the Board and should not have expected them to keep thier word.

    However, I think it was done to call attention to the fact that they didn't really look as hard as they could have- most in the business world seem to have overlooked that. By calling attention to them, maybe it is just Roy's way of warning them that he is not going away and that the Guerrilla business tactics of the Eisner era will not be allowed to continue.

    I think Roy's greatest contribution to the company will be the legacy he leaves with the shareholders. Uncle Walt built the company for future generations and Roy hasn't forgotten that. The Save Disney campaign has impowered the shareholders and made them realize that they have a say in the future of the company and they can use their voice to effect change and shape that future. I daresay that Disney now has the most active and informed shareholders and the board realizes that mere profits will not appease them.
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  13. #13

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    But the law suit will take years to litigate... There is no way the court could rule this quickly... (If I was defense attorney I would try to stall this action indefinately...)

    That is why I would suggest that the litigation is a "shot across the bow."
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  14. #14

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    There is also one other thing that really gets me about timing of press releases...

    Roy and Stan release a letter to the Board of Directors critizising them on the selection process and the evendence presented by DisneyWar regarding the Fox Family Aquisition...

    The exact day after they do so, Iger's selection goes public trumping the news... In political fashion...

    Really allowing SaveDisney no momentum to stur the public...

    Iger is still avoiding the questions regarding the aquisition of Fox Family... Because this is a legitimate question... I think the shareholders deserve an answer and stop giving us a lot of flak...
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  15. #15

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    I don't feel Roy is right on every issue, and he certainly deserves criticism for the fact he went quietly along with all the bad choices, and only went public when he was kicked off the board. That said, Roy is right about a heck of a lot more than he is wrong about. The rubberstamping of Iger being just one example.

    I just think at this point he's SOL. The time for action was March 2004, after the huge victory and groundswell of both public and Wal Street opinion. He waited. Then SaveDisney became more of a fan-type site than one seriously out to depose of Eisner, Iger, Mitchell and cronies. Whoever advised Roy and Stan on their strategy seems to know as much about media and big business as a trained chimp. Roy should have been front and center everywhere starting as soon as the meeting in Philly ended. Should have been seen at the parks talking with CMs and guests (and let's face it, there's not a person out there, including Eisner, with the balls to kick Roy DISNEY out of DL or WDW). He should have been out at premiere's. Should have been seen meeting people like Steve Jobs. He should have visited ABC HQ ... maybe even hang out at a couple of Disney Stores (with media following, natch) ... every one of those situations could have/should have been maximized for publicity damage because that would have forced positive change. Instead, Roy and Stan went silent and let their website become their voice (and it wasn't a pretty one, but a whining petty one) as Disney's fortunes improved in almost every aspect. The battle was lost. ABC is the hottest network right now in the demos advertisers covet, while NBC has fallen way back and CBS is vulnerable with shows like 'Raymond' on the way out. The Studios are doing well even if Pixar is a huge factor) and has two Pirates sequels on the way. They sold the Angels and lost less money on the Mighty Ducks because of the lockout than they would have if the NHL season had been played. ESPN 's growth is amazing and now they are getting Monday Night Football. Even consumer products is in much better shape because the Disney Stores have been dumped. And theme parks? Having their best year since 2000 and looking at a huge rest of 2005 with the Happiest Celeb and pent up demand. And Eisner gets to crown his Disney career by opening the Chinese market in September.

    The stock price? Double what it was a few years ago.

    Like I said, Roy and Stan had a chance ... a HUGE, GREAT, WONDERFUL one. They blew it. So now, it's time to wish Iger the best and hope he delivers.

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