Walt Disney in the Television Industry
One of the most influential people in the television industry. Many know him by the little mouse with big black ears and red outfit. Walt Disney may have been one of the most successful entertainment figures, Not even the big and famous get away from life problems and dilemma. Walt Disney had to face dilemma throughout his career in many ways.
Walt Disney is seen as a successful but also as the title holder for the most irresponsible Entertainment Corporation, Disney. In the past two years or so, it has released the viciously anti Catholic movies. Disney’s Television producers, and Disney’s ABC network airs, “Ellen” whose title character apparently will proclaim her homosexuality later this season another first, if that’s what you want to call it. The Disney World theme park hosts an annual gay and lesbian day; in 1994, the event was held without warning to the thousands of families who came to the park that day. (Bozell, pg14) Also, another tragedy Walt Disney had to go through was: Webb’s crucial allegation that this drug dealing was backed by the CIA a wholly unsubstantiated. Several years ago, more than one journalist and a Senate investigated similar claims and found nothing to support them. The whole stupid story should be Trivial Pursuit fodder, yet it’s back again, and Disney is helping to breathe life into it. Webb charges specifically that the crack cocaine epidemic in America’s ghettos resulted from this nefarious CIA activity. Again, he provides no evidence, but never mind: It’s a good plot. Presumably, blacks would be the target audience for the cinematic version of “Dark Alliance”; ironically, by releasing such a despicably misleading movie, Disney would, in a sense, be distributing more poison to blacks than the CIA ever could. (Bozell, pg14)
How it works
According to this article it discusses corporate governance at Walt Disney Company, in light of the lawsuit concerning the hiring and firing of Michael Ovitz. This trial was before Delaware’s Court of Chancery, generated much colourful detail concerning Mr Ovitz and Disney then chief executive, who fell out with the longtime friend he had hired as his number two and ended up a year and two months later paying a package worth of millions and millions to go away. However entertaining, the case did nothing for the Disney shareholders and the usual bunch of class-action lawyers who brought it. This week, a judge rejected their claims that members of Disney’s board of directors breached their fiduciary duties to shareholders. This decision–especially given the overwhelming evidence produced in the trial that Disney’s corporate governance was far below what would nowadays be considered adequate was greeted with dismay by shareholder activists. (Unknown pg 50-51) Also, Says that the announcement that Michael D. Eisner, very old man chairman of Walt Disney Company, had undergone emergency quadruple heart bypass surgery stunned Hollywood and the financial world, and raised questions about the management of the company. Bad timing for the company; Complications of the situation(Weinraub,pg D1)
Life success cannot be attained without having gone through dilemma and mistakes. Walt Disney makes this statement true. Showing how much ones choices can impact the outcome and road to success or towards a dead end. At the end of the day it is one’s responsibility to make the best out of the situation.