Michael Eisner

Definition of 'Michael Eisner'


A former CEO of Walt Disney from 1984 to 2005. Michael Eisner was initially extremely successful in this role: he oversaw the production of numerous blockbuster films, helped the company diversify, saw its stock price rise and helped increase annual revenues by $7 billion.

Starting in the mid-to-late 1990s, the company suffered financially and Eisner faced increasing criticism for his management style and decision making. Because of his falling popularity, he was not re-elected as chairman in 2004 and he stepped down as CEO and director in 2005.

Investopedia explains 'Michael Eisner'


Born in 1942 in New York State, Eisner earned his BA in 1964 from Denison University. He began his media career as a page for NBC in 1963, and also worked briefly at CBS before beginning a long career with ABC in 1966 as assistant to the national programming director.

He worked his way up to senior vice president for prime-time production and development over the next 10 years, then joined Paramount Pictures as its president and CEO before going to Walt Disney as its chairman and CEO in 1984, a position he would hold for 20 years. He also established the Los Angeles-based Eisner Foundation in 1996 to help disadvantaged children and the elderly.



comments powered by Disqus
Hot Definitions
  1. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  2. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  3. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  4. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  5. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
  6. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
Trading Center