The Disney soap opera continues with gossip galore of a possible replacement in line for the role of Disney head.
According to the Guardian Peter Chernin, President of News Corp is a leading contender for the Disney role and has just signed a new contract that stipulates an easy exit if his move is to Disney. If it’s to any other company or post then he is destined to be in a six month notice and extremely senior consent from News Corp:
According to US reports, Chernin’s new terms with allow him to leave the company without notice if he becomes head of a stand-alone publicly traded rival…Chernin’s contract stipulates six months’ notice and the consent of Murdoch if Chernin chooses to head up the entertainment division of a rival parent company, such as General Electric’s NBC Universal. That is, the contract favours the exact circumstance of Chernin joining Disney, but not a similar post elsewhere.
Well with Eisner set to leave in 2006, could this be a wise preparation? Could it be even sooner?
I’m not sure if Chernin’s record will serve him well at Disney. Is it a corporate ruler they need or a lover of animation and such movies as Pixar has? Let’s hope it bodes well for Disney.
