I haven't been following the Disney shareholder protests over Michael Eisner very closely, but from this Orlando Business Journal piece it doesn't sound like the protesters urging his removal know what they're talking about.
Roy Disney, Walt Disney's nephew, bemoaned the deterioration of the company's values, claiming, among other things, that the company treats, "art and artists as a commodity to be bought and sold like office supplies."Welcome to the business world. Employees are commodities, and any motivation for treating them in a more expensive manner must be justified with a correspondingly greater return on that increased investment.
He called for a new management team "that understands and believes the value of the legacy left to us."Nonsense. Worthless rhetoric. Shareholders should be worried about making money, not "valuing a legacy".
Disney attacked the company's attention to "branding," commenting that "branding is something you do to cows. It's a good thing if you are a rancher, because cows tend to look alike. But, I believe our name means something to consumers."Apparently Roy Disney has no idea what "branding" means -- promoting the meaning of the Disney name to consumers is branding.
Mr. Eisner's response seems spot on, for what it's worth.
Eisner responded to the pair's remarks by saying that "the conclusions you have just heard are fundamentally wrong," adding that the company's ability to create value is undisputed.Like I said, I don't know many of the underlying (monetary) details, but based on this article it sounds like the shareholders are trying ot shoot themselves in the foot.
"You have just heard rhetoric from our critics that replaces reason," Eisner concluded.