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Friday, October 07, 2005

A Subdued Final Act at the House of Mouse

The Walt Disney Company filed an 8-K form yesterday announcing it had reached an employment agreement with new CEO Robert Iger, successor to Michael Eisner.  (Details at the NYT here.)  The compensation, at $2 million salary and an estimated $7.25 million in performance bonuses, is generous but not Eisner-esque.  The form also announced Eisner's resignation as CEO last Friday.  His departure, earlier than expected, is an unusually quiet denouement for a tenure that reshaped Disney, the entertainment industry, and even Delaware corporate law.  It will be interesting to see where Disney and its former CEO go from here.

Posted by Matt Bodie on October 7, 2005 at 05:51 PM in Corporate | Permalink


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