CNN/Money 
News > Companies
graphic
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.

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

premium content Play video
(Real or Windows Media)
graphic
graphic

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.

YOUR E-MAIL ALERTS
Comcast-Disney bid
Stocks
Michael Eisner
Board of Directors

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




  More on NEWS
JPMorgan dramatically slashes Tesla's stock price forecast
Greece is finally done with its epic bailout binge
Europe is preparing another crackdown on Big Tech
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.