Eisner Steps Down

EISNER STEPS DOWN

Mouse CEO will not renew contract in 2006
Michael Eisner, who led the Walt Disney Co. to huge success in the 1980s but more recently clashed with dissident stockholders including the founder's family, will leave the company in 2006 when his contract expires, the company said Friday.

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After 43% of the stockholders voted to strip him of the office, Eisner decides to stay on until 2006 amidst dismal boxoffice for multi-million dollar losses. He also refused to distribute Michael Moore's "F9/11" which would have been the only mony making movie Disney has been involved with since "Nemo." Comcast is still making overtures to buy the company.