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April 27, 2004
Statement of Disney Board After Annual Retreat
The Walt Disney Company Board of Directors has concluded its annual retreat. As a result of the thorough review of Disney's long-term growth plan, the Board is confident that the management team is executing against its strategic plan in order to continue to drive long term shareholder value. The Board continues to have complete confidence in Michael Eisner, Bob Iger and the senior management team and in their strategic growth plan to continue to strengthen the company's position as the global leader in quality family entertainment. The Board, in executive session, continued its systematic assessment of both CEO and senior management succession.
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