Why does Michael Eisner regret acquiring Miramax?

Michael Eisner regrets acquiring Miramax because of the "bad behavior" of its co-founder Harvey Weinstein.

How did Michael Eisner describe Harvey Weinstein?

Michael Eisner described Harvey Weinstein as a "pig" who was "rude" but had "great independent film taste."

What is Michael Eisner's advice on CEO succession?

Michael Eisner advises promoting capable internal candidates over outside hires for CEO succession.

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Eisner Regrets Miramax Deal Over Weinstein

13 Feb

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Summary

Former Disney CEO Eisner regrets acquiring Miramax due to Harvey Weinstein.
Eisner described Weinstein as a 'pig' who acted like a truck driver.
Eisner discussed Disney CEO succession, favoring internal candidates.

Eisner Regrets Miramax Deal Over Weinstein

Michael Eisner, former CEO of Disney, has voiced regret regarding the company's acquisition of Miramax. In a recent podcast interview, Eisner stated he would not have pursued the $70 million deal if he had anticipated the issues arising from Miramax co-founder Harvey Weinstein's conduct.

Eisner described Weinstein as a "pig" who was "rude" but possessed "great independent film taste." He indicated he was the only executive at Disney willing to work with Weinstein.

Furthermore, Eisner shared his thoughts on Disney's CEO succession strategy. He supported Bob Iger, whom he had recommended, and emphasized the advantages of promoting capable internal candidates over external hires.

He noted that succession planning can be challenging, but sticking with known, capable individuals is often safer than seeking outside leadership.

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