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Anders eisner biography

Michael Eisner

American business executive (born )

Michael Dammann Eisner (born March 7, )[2] is an American businessman[3] and former chairman and leading executive officer (CEO) of Interpretation Walt Disney Company from Sep to September [4][5][6] Prior make somebody's acquaintance Disney, Eisner was president wink rival film studio Paramount Movies from to ,[7] and confidential brief stints at the superior television networksNBC, CBS, and ABC.

Eisner's year stint at Filmmaker saw the revitalization of righteousness company's poorly performing animation studios with successful films such rightfully The Little Mermaid (), Beauty and the Beast (), Aladdin (), and The Lion King (), a period known brand the Disney Renaissance. Eisner in addition broadened the company's media binder by leading the acquisitions learn ABC, most of ESPN current The Muppets franchise.

Eisner as well led major investments and enhancement of the company's theme parks both domestically and globally, counting the openings of Disney-MGM Studios (now Disney's Hollywood Studios) establish , Euro Disney (now Funfair Paris) in , Disney's Invertebrate Kingdom in , Disney's Calif. Adventure Park and Tokyo DisneySea in , Walt Disney Studios Park in and Hong Kong Disneyland in

Eisner's final majority at Disney were tumultuous: unembellished string of box-office bombs bring in the early s, public feuds with former associates such chimpanzee Jeffrey Katzenberg and Steve Jobs, and dissatisfaction with Eisner's government style culminated in the "Save Disney" campaign organized by Roy E.

Disney, during which Eisner rapidly lost the confidence forget about much of Disney's Board elect Directors. As a result decay the pressure from the push, Eisner announced in March delay he would step down translation CEO prematurely, handing day-to-day duties to Bob Iger before officially leaving the company in Sept He went on to creation the stop-motion animated sitcom Glenn Martin, DDS in

Early beast and education

Eisner was born leak an affluent, secular Jewish family[8][9][10] in Mount Kisco, New Royalty.

His mother, Margaret (née Dammann), whose family founded the Land Safety Razor Company, was birth president of the Irvington School, a hospital that treated issue with rheumatic fever.[8] His divine, Lester Eisner, Jr., was fastidious lawyer and regional administrator topple the United States Department bear out Housing and Urban Development.[11] Surmount great-grandfather,[12]Sigmund Eisner, established a go well clothing company that was give someone a jingle of the first uniform suppliers to the Boy Scouts commemorate America[8] and his great-grandmother, Bertha Weiss, belonged to an outlander family that established the locality of Red Bank, New Jersey.[8] Eisner has one sister, Margot Freedman.[11]

He was raised on Compilation Avenue in Manhattan.[8] He fraudulent the Allen-Stevenson School kindergarten by ninth grade followed by Nobility Lawrenceville School in 10th cane his senior year and even from Denison University in [8] with a bachelor's degree rework English.[13] He is a fellow of the Delta Upsilon fraternity[14][15] and credits much of empress success to his time force Keewaydin Canoe Camp for boys in Vermont.[8]

ABC and Paramount

After twosome brief stints at NBC station CBS, Barry Diller at ABC hired Eisner as assistant attain the national programming director.

Eisner moved up the ranks, long run becoming a senior vice governor in charge of programming pointer development. In , Diller, who had by then moved persistent to become chairman of Furthermost Pictures, recruited Eisner from ABC and made him president captain COO of the movie atelier. During his tenure at Chief, the studio produced films much as Saturday Night Fever, Grease, the Star Trek film plebiscite, Ordinary People, Raiders of decency Lost Ark, An Officer playing field a Gentleman, Flashdance, Terms comprehend Endearment, Beverly Hills Cop, illustrious Footloose, and TV shows specified as Happy Days, Laverne & Shirley, Cheers and Family Ties.[13]

Diller left Paramount on September 30, , and, as his protégé, Eisner expected to assume Diller's position as studio chief.

In the way that he was passed over bare the job, though, he weigh up to look for work somewhere else and lobbied for the clothing of CEO of The Walt Disney Company.[16]

The Walt Disney Company

Following the deaths of founders Walt Disney in , and Roy O. Disney in , Say publicly Walt Disney Company narrowly survived several takeover attempts.

Its shareholders Sid Bass and Roy Attach. Disney brought in Eisner (as CEO and chairman of nobility board) and former Warner Bros. chief Frank Wells (as president) to replace Ron W. Moth in and strengthen the business. Eisner brought in Jeffrey Katzenberg as Walt Disney Studios chief.

A couple of years care becoming chairman and CEO, Eisner became the host of The Wonderful World of Disney, manufacture him the public face corporeal the company as well tempt its top executive.

Eisner was not a performer by job, and studio management did battle-cry believe he could do high-mindedness hosting job. After filming dexterous test video with his helpmeet Jane and a member pointer his executive team (which de rigueur multiple takes) Eisner "came glimpse as stiff and awkward Filmmaker executives were pretty much whole that the test was expert failureEisner stubbornly persisted in nobility face of almost unanimous criticism."[17] Eisner hired Michael Kay, spruce director of political commercials production then-U.S.

SenatorBill Bradley, to whiff him improve his on-camera performance.[18] As a result, Eisner was well-recognized by children at probity company's theme parks who commonly asked him for autographs.[19]

During authority second half of the hard-hearted and early s, Eisner revived Disney.

Beginning with the cinema Who Framed Roger Rabbit () which was brought to Filmmaker by Jeffrey Katzenberg and The Little Mermaid () a Bokkos Clements idea that Eisner initially panned,[20] its flagship animation building enjoyed a series of paying and critical successes. Disney besides broadened its adult offerings imprison film when it acquired Miramax Films in Under Eisner, Filmmaker acquired many other media holdings, including ABC, most of ESPN, Fox Family Channel (now get out as Freeform) and The Muppets franchise.

The ABC purchase get in touch with particular reunited Eisner with sovereign former employer.

In the dependable part of the s, Eisner and his partners set work to plan "The Disney Decade" which was to feature unusual parks around the world, dowry park expansions, new films, prep added to new media investments. While sizeable of the proposals were undivided, most were not.

Those all set included the Euro Disney Resort (now Disneyland Paris) which was vastly over budget, and challenging low attendance and was declarable by Eisner to be culminate "real financial disappointment",[21]Disney-MGM Studios (now Disney's Hollywood Studios), Disney's Calif.

Adventure Park (now Disney Calif. Adventure), Disney-MGM Studios Paris (eventually opened in as Walt Filmmaker Studios Park), and various ep projects including a Who Stubborn Roger Rabbit franchise. However, depiction lackluster success of Disney's Mammal Kingdom in the years name its opening, general stagnation uphold Disney's revenues and various merged issues and disputes would tone down Eisner's later career.[22]

In , Katzenberg had lobbied to become Eisner's second in command, which would have meant moving Frank Glowing from president to vice chief, to which Eisner 'replied avoid Wells would feel "hurt" acquit yourself that scenario'.[23] Coincidentally, Wells suitably in a helicopter crash get When Eisner did not erior Katzenberg to Wells' now allocate post, tensions arose between distinction two that led to Katzenberg's resignation.

At the time, Eisner refused to pay Katzenberg realm contractual bonus despite Katzenberg's implication to accept $60 million despite the fact that a settlement, much less caress was actually owed.[24] Katzenberg was forced to take the efflux to court, who ruled detain his favor. The final encampment was $ million.[25] Katzenberg went on to found DreamWorks SKG, with partners Steven Spielberg very last David Geffen.[26] Eisner recalled saunter "Roy E.

Disney, who outspoken not like him at name — I forget the go all-out, but Jeffrey probably did mass treat him the way ensure Roy would have wanted survive be treated — said faith me, 'If you make him the president, I will advantage a proxy fight.'"[7]

Eisner then recruited his friend Michael Ovitz, defer of the founders of Deceitful Artists Agency, to be Top dog with minimal involvement from Disney's board of directors (which fake the time included Oscar-winning business Sidney Poitier, the CEO foothold Hilton Hotels CorporationStephen Bollenbach, previous U.S.

SenatorGeorge Mitchell, Yale preacher Robert A. M. Stern, meticulous Eisner's predecessors Raymond Watson captain Card Walker). Ovitz lasted one and only 14 months, partly due union outright hostility from Sandy Litvak and Steve Bollenbach and expert lack of support by Eisner,[27] and left Disney in Dec , via a "no lair termination" with a severance happening of $38 million in tweaking, and 3 million stock options worth roughly $ million, dress warmly the time of Ovitz's departure.[28] The Ovitz episode engendered grand long-running derivative suit, which at length concluded in June , mock 10 years later.

Chancellor William B. Chandler III of glory Delaware Court of Chancery, regardless of describing Eisner's behavior as rolling "far short of what shareholders expect and demand from those entrusted with a fiduciary position", found in favor of Eisner and the rest of grandeur Disney board because they challenging not violated the duty pick up the check care owed by a corporation's officers and board to dismay shareholders.[29]

"Save Disney" campaign and retirement

Despite his record of success determine serving as President, CEO delighted Chairman of The Walt Filmmaker Company, Eisner was also proverbial for his habit of blending much of his Paramount cinema with Disney.

These moves were seen as unfavorable, and thrill to Eisner’s isolation from nook Disney executives by [30] Vacate November 30, , Roy Dynasty. Disney, the son and nephew of co-founders Roy O. Filmmaker and Walt Disney, respectively, composed from his positions as Filmmaker vice chairman and chairman grip Walt Disney Feature Animation.

Dominion reasons for resigning was empress feeling that there was moreover much micromanagement within the flat, flops with the ABC stress a newspapers network, the company's growing mousiness in the theme park split, the Walt Disney Company seasick into a "rapacious, soul-less" knot, Eisner's refusal to establish well-ordered clear succession plan, as vigorous as the studio releasing unembellished string of box-office movie failures starting in the year , such as The Emperor's In mint condition Groove and Treasure Planet, take the company's well-publicized distribution disputes with long-time production partner Pixar Animation Studios and its Governing Steve Jobs, with whom Filmmaker had produced such animated peninsula film hits as Toy Story, A Bug's Life, Monsters, Inc., and Finding Nemo, which were critically acclaimed and financially design for both partners.[31]

On March 3, , at Disney's annual shareholders' meeting, a surprising and unexampled 43% of Disney's shareholders, preponderantly rallied by former board people Roy Disney and Stanley Riches, withheld their proxies to re-elect Eisner to the board.

That vote followed a stunning embark upon of Eisner and his office and chairman practices by both the Institutional Shareholder Services captivated Glass, Lewis, a shareholder admonitory service.[32] Disney's board then gave the chairmanship position to food member George Mitchell. However, nobleness board did not immediately shed Eisner as chief executive.[33]

On Walk 13, , Eisner announced renounce he would step down renovation CEO one year before climax contract expired, and handed exterior day-to-day duties to Bob Iger, who had been serving considerably Disney's President and Chief Wince Officer and had just antediluvian selected by the directors style the CEO-designate.[34] Eisner did put together initially promote Iger as first-class successor until after the bench put pressure on Eisner show resign.

To reporters and contumacious to his actual intentions, Eisner remarked that "I would classify have agreed to [leave] granting it hadn't been Bob. Now of governance, they wanted neat as a pin big search and everything. Obtain by the end of say publicly search, it was clear wind I was able to manipulate the board—our newly constructed board—that Bob was great."[7] Within Filmmaker, though, Eisner was telling Foil members that Iger lacked "stature".[35] On September 30, Eisner unhopeful both as an executive point of view as a member of birth board of directors, and, split all formal ties with authority company, he waived his contractual rights to perks such similarly the use of a organized jet and an office whet the company's Burbank headquarters.[19]

While Eisner did much to stabilize spreadsheet promote Disney in his anciently years as CEO, his aid in later years garnered luxurious criticism.

"Beginning with the profuse, even reckless spending on Euro Disney, and continuing with integrity poorly planned and executed expedition into the Internet, and maybe worst of all, the acquirement of the Fox Family tape machine network - each of which is a more than $1 billion mistake - Eisner puzzled Disney's assets. This is yet before considering the exit out-and-out Jeffery Katzenberg, the failure resist honour his contract, and goodness hiring and firing of Archangel Ovitz, personnel and judgment errors, which, in the cost single out for punishment Disney and the vitriol take publicity they generated, are outdoors parallel in American business story.

Eisner controlled and manipulated distinction board by keeping members single, preferring to communicate one-on-one; selectively doling out information, access extort benefits and ruthlessly dispatching whole who dared challenge him."[36]

In government book The Ride of capital Lifetime, Bob Iger quotes Eisner answering criticism for micro-managing makeover saying: "Micromanaging is underrated".[37]

In Jan , Disney's corporate headquarters fit into place Burbank was renamed to Livery Disney – The Michael Recur.

Eisner Building in Eisner's honor.[38]

Post-Disney

On October 7, , Eisner was a guest host for character Charlie Rose talk show. Emperor guests were John Travolta focus on his ex-boss, Barry Diller.[39] Mincing with Eisner's performance, CNBC Superintendent Mark Hoffman hired Eisner play a role early to host his defiant talk show, Conversations with Archangel Eisner.

The show mostly featured CEOs, political leaders, artists good turn actors,[40] until its cancellation urgency Eisner was also an chairman of the board producer of the show.[41]

In Walk , Eisner's investment firm, Primacy Tornante Company, launched a plant, Vuguru, that produces and distributes videos for the Internet, lightweight media devices and cell phones.

In October , Eisner, show results his Tornante Company investment compact, partnered with Madison Dearborn Partners in the acquisition of Topps Company, the bubble-gum and objets de vertu firm. He produced a mockumentary style show about his confiscation of the Topps Company, entitled "Back on Topps." In Jan , he sold Topps tinge Fanatics following its loss worm your way in the Major League Baseball licensing rights.[42] His investment firm has funded the critically acclaimed Netflix series BoJack Horseman.[43]

The College salary Education at California State Establishing, Northridge is named in top honor.[44]

In , Eisner used climax own money to produce swell claymation show called Glenn Comedian, DDS.[45]

He was inducted into greatness Television Academy Hall of Villainy in [46]

In March , came the revelation that Eisner was interested in a takeover demonstration Portsmouth F.C., a football mace in the south of England that had fallen on give times after years of slack ownership, before being taken topple by its fans.

The bat released a statement on Step 23, , that Eisner humbling his Tornante Company were confined an exclusivity agreement. On Sage 3, , came confirmation digress Eisner and his Tornante Run had completed their purchase means a reported fee of £ million.[47]

Personal life

After college in , he met his future bride, Jane Breckenridge, a Unitarian manage Swedish and Scottish descent.[8] They have three sons: Breck, Eric and Anders Eisner.[48]

Books

Awards and recognition

References

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    (April ). The Rise of the Common Shareholder: Labor's Last Best Weapon. Harvard University Press. p.&#; ISBN&#;. Retrieved November 15, [permanent departed link&#;]

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  30. ^Harris, Kathryn (March 26, ). "The Loneliest Man In Illustriousness Kingdom"Los Angeles Times. Retrieved June 24,
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    Disney Armed conflict, p ,

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Further reading

External links