The Year In Review: Walt Disney rises - BusinessWeek, 12/26/06
The Year In Review: Walt Disney rises
Full Story: The Year In Review: Walt Disney rises
In its first full year under the leadership of Chief Executive Robert Iger, Walt Disney Co. regained the favor of investors, who were buoyed most by the media conglomerate's acquisition of longtime partner Pixar Animation Studios Inc.
In one bold stroke, that move reinvigorated Disney's slumping animated movie business and united the company with one of the leaders of the digital world, Steve Jobs, the chief executive of Pixar and Apple Computer Inc., who became Disney's largest shareholder and took a seat on the company's board.
The deal went a long way toward convincing investors that Disney management will not sit idly by as the media landscape changes. Iger also showed he was able to smooth relationships damaged during the last year of Michael Eisner's long reign.