A good move. The former Chairman should NOT remain on the board of a company, in many cases (if not most) as that means that there really is no change and that the freedom of the new senior executives is seriously encumbered.
Onésimo Alvarez-Moro
See article:
Michael Eisner, who stepped down as chief executive of The Walt Disney Co. (DIS) last week, has resigned his seat on the company's board of directors, the company said in a document filed Thursday with the U.S. Securities and Exchange Commission.
In a surprise move, Eisner and the company have cut all ties. Eisner will not serve as a consultant as he had been entitled to do under his employment agreement.
Eisner "no longer provides any services" for Disney, the filing said.
See full Article.
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