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Article: EISNER LEAVING DISNEY CEO TO CALL IT QUITS AT END OF DEAL IN '06.(News)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- September 11, 2004
CopyrightCOPYRIGHT 2004 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Greg Hernandez Staff Writer
BURBANK - Six months after narrowly escaping a shareholder revolt against him, Michael D. Eisner announced Friday that he will step down as chief executive officer of The Walt Disney Co. when his contract expires in September 2006.
Eisner, 62, has been at the helm of the entertainment conglomerate for two decades and though he has enjoyed some tremendous successes, he has become increasingly embattled in recent years. He reached a low point in March when he was stripped of his title of chairman of Disney's board of directors because of unprecedented pressure from shareholders.
``It has been a fantastic ...