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Eisner, 61, has crushed numerous revolts in his 19-year reign as chief of the Walt Disney Co., but he has never faced a rebel quite like this--an angry major shareholder who bears the company's name and a deep sense of betrayal by the chief Mouseketeer. Claiming that Eisner made his life "intolerable" at the company, Disney last week resigned from his posts as chairman of the animation division and vice chairman of the board. With his longtime ally, Stanley Gold, who also quit the board, Disney plans to mount a public fight to boot Eisner from...
...issue is a wrongful-death lawsuit filed against the Walt Disney Co. by the estate of a 23-year-old woman from Spain who died of a brain hemorrhage sustained on the Indiana Jones ride at Disneyland. "I'm pushing to have the amusement parks warn unsuspecting guests that even if they believe they are in good health, there is a risk they could suffer a serious injury," says her attorney, Barry Novack. Theme-park officials are not atingle at the prospect of being lumped with common carriers. "We're in the business of thrilling people and having excitement," says...
...members of the WALT DISNEY CO. board resigned last week with a call to oust CEO Michael Eisner. Long gone are the days when Eisner, a TIME cover subject in 1988, was seen solely as the company's rescuer...
Eisner's revival of Disney has made him the current king of Hollywood and the darling of Wall Street. More important, though, is that Disney fans have begun to recognize him as a corporate hero of sorts, a long-awaited, trustworthy heir to Walt. Eisner has established himself as a charismatic, young-dad figure by appearing each week as the host of the Disney Sunday Movie, where the husky-voiced executive clowns with Mickey, Minnie and other colleagues. "This job is so perfect for him," says Dawn Steel, president of Columbia Pictures and a former co-worker at Paramount...
Travel agents, hotels and tour operators are also embracing the trend. In October, Walt Disney World introduced Magical Gatherings, a package for multihousehold groups. Sporting-event agencies that specialize in corporate outings to the Super Bowl or the Kentucky Derby are organizing more trips for smaller groups of buddies. And a bevy of resorts and hotels are fashioning female-friendly packages. Last year the Four Seasons Hotels in Atlanta, Miami and Chicago created "Girls Just Want to Have Fun" weekends. The tres girly Chicago trip, for example, features makeovers at Neiman Marcus, tickets to the Oprah Winfrey Show...