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Peace Work Pays Off at Disney


By Ron Grover

Chalk another one up for Bob Iger. The incoming Walt Disney (DIS) CEO, who has been in overdrive cleaning up problems inherited from departing CEO Michael Eisner, pulled a giant thorn from his outfit's hide July 8 by striking a surprise agreement with dissident shareholders Roy Disney and Stanley Gold to "put aside their differences." As a result, the duo will withdraw a pair of pending lawsuits and agree not to run a rival slate of directors for the next five years.

Why the sudden change in heart? Neither Disney nor Shamrock Holdings, Roy Disney's holding company, are commenting


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