Disney Faces Pressure To Can Eisner

Disney’s Michael Eisner has already lost his position as board chairman, and several prominent board members are putting serious pressure on the company to remove him as CEO as well. Eisner’s detractors say that he has lost the confidence not only of his own employees, but of institutional investors around the world. “They contend that he has done little since the mid-1990s to boost the company’s stock price and earnings to acceptable levels, as ABC television ratings have languished and few hits have emerged from the Disney animation factory.”