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March 14, 2005
Michael Eisner forced from Disney
Michael Eisner will leave Disney a year earlier than expected, in the face of continued shareholder hostility.
Robert Iger, the existing company president, will replace him.
Walt Disney's nephew, Roy Disney, led a shreholder revolt in 2004 to oust him and received over 45% of the vote, leading to Michael Eisner to offer to leave in October 2006.
However, he has brought the plans forward and announced his intention to leave the company later this year.
Posted by at March 14, 2005 11:19 PM
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