| Meanwhile, the ice-cold approach of Disney director
board has provoked Comcast Corporation to pull out from their ambitious
bid for Disney. Comcast had earlier made an unsolicited bid for the
company. But the Disney board declined to make any reference to the
bid in their statement.
Disney's board also gave their full backing to Eisner's team of
executives. The board agreed that they had a discussion on CEO and
senior management succession plans during the meeting, but refused
to divulge details.
"The board continues to have complete confidence in Michael
Eisner, (chief operating officer) Bob Iger and the senior management
team and in their strategic growth plan to continue to strengthen
the company's position as the global leader in quality family entertainment,"
the board said in a statement.
Chairman George Mitchell will be in charge of presiding over board
meetings, setting the agenda and coordinating the board's review
of management's performance. The board in a statement said it had
approved the division of duties between Eisner and new chairman
George Mitchell, and that Eisner's management authority was unchanged.
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