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March 07, 2004
Lessons from Martha and Mike
How the mighty have fallen! Who would have thought that the once powerful but now pitiful Martha Stewart would be convicted by a jury of her peers and face the prospect of prison? Who would have thought that so many other previously unassailable executives face much the same fate? Or that so many corporate pooh-bahs are having their power stripped away? There is, for instance, the arrogant Michael Eisner, Disney's (DIS: news, chart, profile) mouseketeer in chief for the past 20 years, fighting for his corporate life. A stunning 43 percent of the votes cast at the annual meeting this past week called for him to be thrown off the board of directors, the very same pliant body that he previously had played like a flute.
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Posted By: John Yaglenski @ 7:56 PM | 
