Michael Eisner Operations Quotations

While the breadth of his new responsibilities will be wide, he has consistently demonstrated the creative and management capacity to handle the broad range of duties he will now shoulder. With this promotion, we are consolidating all Disney Studios operations under Joe Roth.

Bottom line, this year was obviously a disappointment, ... Duplication and inefficiencies inevitably worked their way into our operations and I am working to make sure they are squeezed back out again.

The competitive factors that initially compelled us to establish a separately traded class of common stock tied to our Internet operations have fundamentally changed.