Walt Disney Productions

WALT DISNEY PRODUCTIONS, JUNE 1984 One of the best examples of service through people is Walt Disney Productions… How Disney looks upon people, internally and externally, handles them, communicates with them, rewards them, is in my view the basic foundation upon which its five decades of achievement stand. â€"Peters and Waterman, In Search of h mavensty In Search of duty didnt simplify comely! In the private or public sector, in big business or small, we come upon that there are only two ways to fix and sustain superior performance over the long haul. First, reward exceptional care of your customers via superior service and superior quality. Second, continuously innovate. Thats it. There are no alternatives in achieving long superior performance. Financial control is vital but one does not sell financial control. â€"Peters and Austin, A Passion for Excellence Ron Miller, president and chief executive officer of Disney Productions Inc., pondered the essence of his dilemma. For the gone two-and-a-half months, his gild had been the subject of a takeover attempt by Saul Steinberg, a well-known raider. The attempt had started innocently enough with the announcement of the obtain of 6.3% of Disneys outstanding common contain. In subsequent announcements, Steinbergs holdings rose to 12.1%.

When Steinberg announced his intention of getting 25% of Disney, Miller undertook a series of evasive actions, including the purchase of Arvida Corporation for $200 million in common stock (3.33 million sections), and the attempted purchase of Gibson Greetings Inc. for $310 million in stock. On June 11, 1984, Steinberg retaliated with a public tender offer for 49% of the company at $67.50 per share if Disney completed its acquisition of Gibson Greetings, and at $72.50 per share without Gibson. Before the raid began, Disney stock was trading around $50 per share. The senior executives at Disney were shocked at this turn of events. Consumers identify Disney with wholesome... If you want to get a full essay, order it on our website: Ordercustompaper.com

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