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Twenty Tortured Years in the Mouse House
DisneyWar by James B. Stewart
(Simon & Schuster)
Book Review by Nathan Cone
When Disney's big cheese Michael Eisner agreed in 2003 to allow the
award-winning writer James B. Stewart access to Walt Disney Co. staff members
for a proposed book about the House of Mouse, he had no idea of what was to
come, both in print and at his company. Two years later, after a shareholder
revolt that left Eisner stripped of his title as Chairman of the Board of
Disney, and amid a hostile public relations campaign by former Disney board
members Stanley Gold and Roy E. Disney, Robert Iger is set to take over the
reins as CEO, and Stewart's DisneyWar
documents the fascinating story of how the once-powerful Eisner lost his
kingdom.
Stewart begins his book with equal parts menace and whimsy. In the prologue
he details the awkward chat between John Bryson and Roy Disney, as Bryson
informed Disney the board "concluded [he] shouldn't run for
reelection." Disney, in turn, told Bryson: "You're going to regret
doing this." Meanwhile, Stewart was allowed to don a Goofy outfit at
Disney's Animal Kingdom theme park to get into the skin of the company.
DisneyWar's main cast member (to use the Disney company parlance) is
Eisner. This is his story, of how he rose to fame as president of Paramount,
where, under chairman Barry Diller, he was instrumental in the making of TV hits
like "Taxi" and "Happy Days," and movies such as
"Grease," "Flashdance," and "Raiders of the Lost
Ark." And so in 1984, when the Disney board brought Eisner to the
struggling company, they did so with high hopes. As Stewart astutely points out,
it was Roy Disney who championed Eisner's hire -- ironic considering the current
animosity between the two.
Over the next ten years, Eisner, along with president Frank Wells and studio
chairman Jeffrey Katzenberg, turned Disney into a powerhouse company, by pumping
up video sales, raising theme park admissions, and most importantly,
resuscitating its dismal animation wing with a string of hits, beginning with
"The Little Mermaid." However, by the time of the lackluster response
to the EuroDisney theme park in 1992, and Wells' tragic death in a helicopter
accident in 1994, some of the magic was gone at Disney.
Eisner's refusal to bump Katzenberg up to the number two position in the
company after Wells' death drove a wedge between the two men, and eventually led
to Katzenberg's departure, and a lawsuit filed against the company by Katzenberg
for breach of contract. The suit dragged on for years, as did a later suit,
after Eisner hired Hollywood power broker Michael Ovitz as president, only to
drive him out a year and a half later. Stewart's detailing of these ego battles
is engrossing, and is full of little details that make for a colorful read, such
as the moniker Katzenberg was saddled with: Eisner's "golden
retriever."
Stewart continues by demonstrating how Michael Eisner's grip on Disney and
its subsidiaries tightened as the 1990s progressed. ABC, ESPN, Miramax, and the
various wings of Disney were all under Eisner's domain, and autonomy was a word
seldom heard in the House of Mouse. Heart surgery did not even slow down Eisner,
who Stewart says seemed to see himself as the heir apparent to Walt Disney
himself.
Even as Eisner expressed concern about Robert Iger's creative abilities, and
whether Iger should succeed him at Disney, the list of failed projects and
rejected films and television shows with Eisner's own fingerprints on them is
eye opening. "Survivor,” “CSI: Crime Scene Investigation,” and “Lord
of the Rings” were all rejected for various reasons. Films like "The
Emperor's New Groove," "Treasure Planet," and "Home on the
Range," were commercial and/or critical failures. Even hits like ABC's 2004
breakout series "Lost" and Disney's "Pirates of the
Caribbean" were looked at with a skeptical eye by Eisner. To be sure, there
were some unexpected hits Eisner green lighted, like "Freaky Friday"
and the American production of "Who Wants to Be a Millionaire," but
under his leadership, ABC also killed “Millionaire” after only a year and a
half by forcing it down the throats of the American people four, even five times
a week. Stewart makes an effective case that Eisner has lost his creative touch.
And then we come back to that fateful board meeting between Roy Disney and
John Bryson. After resigning from the board in 2003, Disney and his ally Stanley
Gold mounted a campaign to oust Eisner, using their website, www.savedisney.com.
The following spring, Disney faced a hostile takeover bid from Comcast, saw the
collapse of its negotiations to broker a new deal with animation studio Pixar,
and an astonishing 43 percent of Disney shareholders at the company's annual
stockholder's meeting withheld their votes, in effect recommending Eisner not be
reelected to the company Board of Directors. Shortly after that, George Mitchell
replaced Eisner as Chairman of the Board.
Stewart's access to current and former Disney employees makes DisneyWar
a thorough report, exhaustively documented. The book includes text from emails
and memos sent to staff and board members, and detailed accounts of
conversations that offer insight into the hearts and minds of everyone
associated with the company (as a side note, these documents reveal amazingly
petty behavior among executives). One thing DisneyWar is not is a hatchet
job on Eisner. Katzenberg, Ovitz, Iger, Disney, and Disney general counsel
Sanford Litvack all come off looking pretty bullheaded and childish at times.
About the only ones whose reputations are intact are the various heads of ABC
and Disney’s creative departments, who struggle valiantly to do their jobs and
make decisions as the company’s upper management feuds.
Stewart agrees with Eisner that the ongoing drama surrounding him is almost
Shakespearean. Stewart obviously has admiration and sympathy for Eisner, despite
his faults. After reading DisneyWar, Michael Eisner seems like a guy who
has it all, and whose intentions are good, but whose unfortunate inability to
cede control leads him to fall on his sword.
DisneyWar
is a terrific book, maybe one of the best about media since Ken Auletta's
seminal Three Blind Mice. It's a quick read, and a rare opportunity to
learn the recent 20-year history of one of America's most powerful companies
from the inside.
4/21/05
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