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Disney daughter: Eisner should go
Walt Disney's only living child disagrees with her cousin's tactics but calls for new leadership.
March 10, 2004: 4:50 PM EST

NEW YORK (CNN/Money) - Walt Disney's daughter and his only surviving child says she's keen to see Michael Eisner resign as soon as possible, according to a published report Wednesday.

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Walt Disney's sole surviving daughter, Diane Disney Miller, says Michael Eisner should resign. CNNfn's Jen Rogers reports.

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The L.A. Times quoted Diane Disney Miller, 70, on Tuesday as saying that she thinks it's time for Eisner to "step down and let someone else come in for the future."

"New leadership is necessary," the paper quoted Miller in an interview. "I think Michael Eisner did some great things for the company but there are some not so great things."

Eisner is facing increasing pressure from major shareholders, including Miller's cousin and former Disney director Roy Disney, to step down as chief executive after nearly two decades on the job, the report said.

Eisner last week was stripped of his dual role as chairman after about 43 percent of shareholders voted to oppose his re-election to the company's board.

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The report said Miller did not agree with what she called a "vicious and personal" campaign led by her cousin, saying that an immediate ouster of Eisner could hurt Disney's stock price, making it vulnerable to Comcast's hostile takeover bid for the media and entertainment company.

The Times said Miller sold her personal stock in the company in the late 1980s but her family still owns 2 million shares valued at about $50 million.  Top of page




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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.