Michael Eisner to Leave Disney in 2006
Michael Eisner wants to leave Disney when he’s ready; and that time will be in 2006.
Earlier this year, shareholders wanted him to resign as CEO of one of the biggest corporations in the world, but he was successful in keeping his position.
On Thursday, Eisner sent a letter to the board of directors at Disney, saying that he plans to step down when his contract expires on September 30, 2006.
Eisner, 62, also has a seat on the board, but did not say if he wanted to keep it.
“I shall continue to exert every effort to help the company achieve our goals, to assist the board in selecting the new chief executive officer, and to make the transition expeditious, efficient, and smooth and easy,” he said, explaining his duties until he leaves the company he joined in 1984.
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