Iger likens quest fortop job to reality TV
LAKE BUENA VISTA, Fla. -- Walt Disney Co. President Bob Iger compared his bid to replace Chief Executive Michael Eisner to being a contestant on a reality television show.
"It's a very interesting position to be in," Iger joked to Orlando community leaders at a breakfast presentation Wednesday. "Sometimes I feel like I'm a contestant in a reality show that probably would be called 'The Apprentice Survivor Millionaire.'"
Iger, 53, the entertainment and media company's No. 2 executive, is the only internal Disney candidate in the running for Eisner's job. He has the backing of Eisner, who will retire in 2006. But Disney board members have promised a thorough replacement search by June. At an investors conference Tuesday, Disney board Chairman George Mitchell said the search for Eisner's replacement is being conducted "in good faith" and that there were no favorites.
Fourth-quarter earnings plunge at Boeing
CHICAGO -- Boeing Co.'s fourth-quarter earnings sank 84 percent but the aerospace giant impressed Wall Street on Wednesday by forecasting a big jump in commercial airplane deliveries next year, reflecting a resurgent market and its own improved prospects against Airbus.
Heavy charges for ending production of its 717 jet and writing off a controversial lost Pentagon contract for air tankers contributed to the drop to $186 million profit from $1.13 billion a year earlier, when a billion-dollar tax refund inflated results. Boeing also lost money from its commercial airplane business in the quarter on lower sales and plane deliveries.
Vindicator wire reports