| Eisner Retiring in 2006
Walt Disney Company Chief Executive Michael Eisner will retire in September 2006, when his contract expires, the company said Friday. "Until then I shall continue to exert every effort to help the company achieve our goals, to assist the Board in selecting the new Chief Executive Officer, and to make the transition expeditious, efficient, and smooth and easy," Eisner said in a letter to the Disney board. Eisner closed his letter by echoing Disney's famous advertising campaign, first suggested by his wife Jane, saying: "I'm going to Disneyland!" The decision signals the end of the 62-year-old Eisner's two-decade reign at the helm of the Burbank, Calif.-based company. Eisner has presided over a vast expansion of one of the world's best-known brands, whose businesses range from theme parks to films to the ABC television network.
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Posted By: Ray @ 11:33 PM | 
