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Next Disney Chief Plans Company's Transformation - New York Times, 8/15/05


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  • Next Disney Chief Plans Company's Transformation - New York Times, 8/15/05

    In March, less than two weeks after the board approved his nomination to become chief executive, Mr. Iger dismantled the company's corporate strategic planning group, giving the heads of the film, television, theme park and other divisions the freedom they had long sought to run their own businesses.

    In April Mr. Iger traveled to Northern California to sit down with Steven P. Jobs, the chief executive of Pixar Animation Studios, whose years of feuding with Mr. Eisner had threatened the future of the companies' mutually lucrative movie distribution partnership.

    And in July Mr. Iger negotiated a truce with Roy E. Disney, a dissident former board member and nephew of Walt Disney, who helped lead a shareholder uprising last year that diminished Mr. Eisner's power and led in part to his decision to retire.

    "If anyone had a list of things for Bob to do right away it would be these; figuring out the Roy thing and, at the end of the day, seeing that Pixar and Disney should be partners," said Lawrence J. Haverty, associate portfolio manager of the Gabelli Global Multimedia Trust and an investor in Disney stock. "What Bob has to do now is execute the obvious, brilliantly."
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