Michael Eisner let it be known last week that he had no intention of leaving the entertainment business once he steps down as CEO of Disney in October.
Sentiment: NEGATIVE
Walt Disney was not a merchant of sadness.
Executives don't burn out and leave when they feel deep satisfaction. They don't create the human detritus that disgruntled managers do.
The entertainment business hasn't had a new idea in years.
I think that might have been an element in it, and people have asked me that very thing. Remember, Disney is the majority shareholder, but it is not an operating division of Disney.
I don't have any intention of resigning.
CEOs resign when the internal dynamics of the company and the external dynamics of the company actually come together to say it is appropriate. When the internal dynamics ask you whether you have a replacement. I think the transition from CEOships have also become cartoonish.
The IPO is no exit for the entrepreneur; it's the start of purgatory.
Disney was a family film studio. I was supposed to be their young, leading man. After they found out I was involved with someone, that was the end of Disney.
People leave their manager; they don't leave companies.
Michael left because of the Bulls' management, not because he'd lost his love of playing the game.