Comcast Drops Disney Offer
The board's confidence, evidently, has not been disturbed by such recent events as the poor box-office performance of Disney's much-hyped historical epic The Alamo, as well as the recent management shakeup at the company's television operations.
Addressing investor concern that Eisner has failed to groom management who might succeed him, the board said that it "continued its systematic assessment of both CEO and senior management succession" in executive session at the meeting. Disney's shares fell 50 cents to trade at $23.68 Wednesday, while Comcast's rose a dime to $30.07.- Loading Comments...
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