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Strategies & Market Trends : Buffettology

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To: James Clarke who wrote (1711)7/25/1999 12:03:00 AM
From: LauA   of 4658
 
James, I don't think that I'd characterize Mike Eisner as "sleazy". That's a cheap shot from someone who doesn't know him. Re: options - I assume that if your BOD offered you a slug of options which then became quite valuable, you'd cash them too. I remember one big instance of option cashing was tax driven. Eisner has been runing Disney for 15 years, not five. The current Disney is a very, very different business than when he first started. It could be time for someone new. But you do recall that when he started there, he took over from a Disney-in-law. And he has operated with the blessing of Roy. Shareholder/owners have been pretty happy until recently. Many years ago his contract was nominal until ROE exceeded 11-12%. But above that hurdle he received a big chunk of profits. When things started, that seemed quite fair because the company had underperformed for so long. I don't know what it looks like now.

Lau
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