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There has been strong talk that Karmazin might join Disney in the
near future by succeeding Michael Eisner as the CEO. That is something
Roy Disney and the dissident group would be cock a hoop about. The
differences between Eisner and Roy Disney have been well documented.
However, not surprisingly, Disney chairman George Mitchell reacted
to the talk by issuing a statement saying, "The board has complete
confidence in the current management. On the strength of our recent
results we believe that confidence has been justified, and will
be further validated as our performance continues to improve."
The Disney talk has been gaining momentum because Eisner's top
deputy, Bob Iger is not seen as a potential heir to the Disney throne.
Karmazin is said to be on a list of at least 20 candidates the Disney
board has compiled for succession.
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