End of an Era...

For anyone who keeps up with financial news, this announcement comes as no surprise. However, for those of you who listened and watched, as a kid, Michael Eisner's introductions of Disney movies, then this is certainly the "end of an era." This past week, not only did Michael Eisner resign as CEO of The Walt Disney Company, but as of yesterday, also stepped down as a member of the board of directors. While this annoucement spells good news for Disney, the downfall of Michael Eisner is a sad one. If I can compare it to sports, it is like the professional athlete who simply doesn't know when his time has come (i.e. Jerry Rice, Brett Favre, etc). Hopefully, though, both Michael Eisner and Disney will find greener pastures ahead...

Eisner severs all ties to Disney

Iger promoted to CEO