Update 15: Embattled Disney CEO Will Leave in 2006
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Walt Disney Co. chief executive Michael Eisner, who successfully fought off a shareholder attempt to oust him, unexpectedly offered his resignation from the entertainment company he&#39;s led for two decades - but he will go in his own time.
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LOS ANGELESâWalt Disney chief executive Michael Eisner said yesterday he will step down from the media conglomerate in 2006, aiming to end his two-decade reign on his own terms after a shareholder revolt nearly cut it short earlier this year.
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Today, Mr. Eisner disclosed that he would step down as chief executive of the Walt Disney Company on Sept. 30, 2006, at the end of his current contract and after 22 years in the job.
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Walt Disney Co. chief executive Michael Eisner plans to quit the company's board when his contract expires in 2006, but said he won't leave Disney before then as some prominent shareholders have demanded.
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eBay (Quote, Chart) CEO Meg Whitman isn&#39;t interested in filling the top spot at Walt Disney Co. (Quote, Chart) when Michael Eisner retires in 2006, a spokesman for the auction giant told internetnews.
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Walt Disney Chief Executive Michael Eisner will step down from the media conglomerate in September 2006, ending a two-decade reign after a shareholder revolt nearly cut it short earlier this year.
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With Pixar Animation Studios&#39; joint venture with the Walt Disney Company set to expire next year, executives in Hollywood have been speculating for months about when
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Michael Eisner plans to step down as Walt Disney Co.&#39;s chief executive when his contract expires in September 2006, the Wall Street Journal said on Friday.
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LOS ANGELES Michael Eisner, the chief executive of Walt Disney, has said that he does not plan to remain on the board or become chairman when he retires in two years.
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Walt Disney Co.  dissident shareholders Roy Disney and Stanley Gold on Monday said CEO Michael Eisner, who last week said he would step down in two years, should be forced to leave by early next year.
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The long-running saga of succession at the Walt Disney Company has been only marginally advanced by the announcement that embattled CEO Michael Eisner, who has run the company for 20 years, will resign in September 2006.
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Microsoft has tapped a former executive at Walt Disney to fill its CIO position, a move that shows the company continuing to fill top executive positions from outside the company.Tony Scott, who most recently was CIO at Walt Disney, will take over that same role at Microsoft in February, reporting to Chief Operating Officer Kevin Turner. Scott, who also will be a corporate vice president at Microsoft, replaces Stuart Scott, who&#160;departed the company in November. The two are not related.Scott will manage Microsoft&#39;s 4,000-person IT organization, which is responsible for all of the technology systems supporting the company&#39;s worldwide sales, marketing, and services operations, as well as the enterprise systems and applications for all corporate processes.At Disney, where he was senior vice president in addition to CIO, Scott was the first CIO to manage the entire company&#39;s IT systems, according to Microsoft. Prior to Disney, Scott was CTO at General Motors and vice president of operations at Bristol-Meyers Squibb.There are a lot of new faces in the ranks of upper management at Microsoft, with a rash of them signing on to the company in the last six months. Just last week Microsoft revealed that company veteran Jeff Raikes, president of its Business Division, will&#160;leave the company in September. The company tapped an outside executive -- former Juniper Networks, Macromedia, and Adobe executive Stephen Elop -- to fill that role.Other new hires to the company since last July include: Dan Reed, Microsoft Research director of scalable and multicore computing in November; Robert Youngjohns, president of North American sales and marketing and corporate vice president in November; Brian McAndrews, senior vice president, Advertiser and Publisher Solutions Group in August; and Don Mattick, senior vice president, Interactive Entertainment Business in July.There is likely more new blood to come as Microsoft also confirmed last week several other executive departures: Bruce Jaffe, corporate vice president of corporate development; Charles Fitzgerald, Microsoft&#39;s general manager of platform strategy; and&#160;Rob Short, corporate vice president of the Windows Core Technology group.Apart from CEO Steve Ballmer and Robbie Bach, president of Microsoft&#39;s entertainment and devices division, many of the company&#39;s other top executives have joined the company in the past three years. They include the man widely seen as Gates&#39; successor, Chief Architect Ray Ozzie, who joined Microsoft in 2005. Kevin Turner, Microsoft&#39;s chief operating officer, and Steve Berkowitz, senior vice president of Microsoft&#39;s Online Services Group, also joined the company that year.
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Disney confirms that Michael Eisner has informed the entertainment giant&#39;s board of his intention to retire when his current agreement ends in just over two years.
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(90 sec.) Web giant's chief U.S. sales officer exits a week after Jerry Yang takes over as CEO.
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Walt Disney Co's DIS.N board of  directors said on Tuesday it planned to find a replacement for  Chief Executive Michael Eisner by next June and then search for  a new chairman, setting out a timetable for a change of  leadership at the company after more than a year of shareholder  protests.
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The Walt Disney Co. said Tuesday it expects to announce a new chief executive by next June after a search that will include both inside and outside candidates to replace Michael Eisner, who is retiring in 2006.
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The embattled chief executive officer told Disney's board of directors that he plans to step down in two years.