The Magic Is Gone
For now, Eisner is wounded, but he can claim a minor victory: he remains chief executive, even though directors stripped him of the chairman’s title. But it is clear that he has lost the soul of Disney. Shareholders don’t want him there–in an unprecedented show of no confidence, 43 percent withheld their votes for his re-election to the board–and they are storming the gates of the Magic Kingdom as if it were the Bastille....