Friday, July 20, 2007
Today's Friday culture is Storming the Magic Kingdom by John Taylor. Taylor's book tells the saga of the 1980's battle for control of the Walt Disney Company. He ably details the family squabble which set off a chain of events that had such well-known corporate raiders as Saul Steinberg, the Bass Brothers, and even Ivan Boesky fighting to control Disney. The battle for Disney aptly illustrates the perils of a corporate control contest for a company reliant on creative human talent and an able use by a board of a "Just Say No" defense. Ultimately, Disney remained independent with Michael Eisner becoming CEO. The rest is history. Enjoy your weekend.