Dollars and Jens

The brothers Jens talk finance, economics, and the like.

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Dollars and Jens

Monday, December 01, 2003

Roy Disney calls for Eisner's exit

Roy Disney calls for Eisner's exit:

Vice Chairman Roy Disney resigned from the board of Walt Disney Co. on Sunday and called for the ouster of its longtime chairman and chief executive, Michael Eisner.

Disney's shares shook off the disruption, gaining 15 cents Monday morning to $23.24. Other media-company shares also gained.

I'm intrigued by the choice of a "despite" explanation ("shares shook off") over a "because of" explanation, but the stock move isn't very big, and it's in line with the direction of the market. The Wall Street Journal has a picture of Roy Disney on its front page (below the fold) this morning, and he looks a lot like Walt.

- posted by Steven @ 12:22 PM