Disneylanding The Virtual President's Job

Last spring, when his company was stunned by the death of president Frank G. Wells, Michael D. Eisner insisted that the Walt Disney Co. didn't need a No.2 man. But by late summer, even as he shut the door on studio chief Jeffrey Katzenberg, who desperately wanted the job, Eisner was quietly turning over many of the duties to a onetime Wall Street lawyer and Carter Administration official with scant experience in the ways of Hollywood.

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