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Eisner out at Disney

September 10th, 2004

Today, Michael Eisner announced that he will not continue his employment with Disney when his current contract expires, in 2006. It is unsure at this time whether Eisner, who has been with Disney for two decades, resigned or was fired. But the end result is no surprised to anyone who has been paying attention to Disney's performance at the box office or ABC's ratings performance. This will be an interesting time for the venerable company as they are now saddled with a lame duck CEO and contentious negotiations with both Miramax and Pixar.

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Source: Variety