Disney, Eisner and Steve Jobs: I was talking to a colleague with whom I'd worked at Apple during the Steve Jobs 'reverse takeover' in 1997 when the news came in that Eisner had been dumped from one of his jobs at Disney.
Eisner's troubles - more than 40% of shareholders abstained from voting - were in no small way aggravated by Steve Jobs' very public decision to call off the highly profitable Pixar-Disney partnership. It reminded us of the episode in which Jobs, after Gil Amelio bought Next for $400 million and brought Jobs on board as an advisor, dumped all of his newly-minted Apple stock.
On the one hand, it cost Jobs a fortune: on the other hand, the big sale drove Apple's stock price so low that the board fired Amelio and promoted Jobs to interim CEO. Jobs later dumped most of that board.
So, having helped engineer Eisner's current predicament, and with Comcast hovering in the wings with a $54 billion takeover offer, one wonders what might be on Steve's mind these days. Roy Disney was quoted yesterday as saying that a Pixar deal would follow quickly on the heals of Eisner's departure. But Eisner has no apparent successor. And Steve's resume says he's 'looking for a fixer-upper with a solid foundation.' Stay tuned for some Good Silicon Valley - and maybe even Hollywood - soap opera...
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8:33:34 AM
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