 |
DISNEYWAR
By James B. Stewart
Simon & Schuster
PP: 572
Price: Rs 885 |
Everybody
has a dark side. It's just a matter of finding out what it is,"
James B. Stewart quotes Michael Eisner. His book, DisneyWar: The
Battle for the Magic Kingdom, a highly critical exposé
of the over two-decade-long reign of the Disney boss, is based
on one-on-one interviews with all the dramatis personae and on
thousands of internal Disney documents that were made available
to him.
Stewart, a former editor of the Wall Street
Journal and the best-selling author of Den of Thieves, which exposed
massive wrongdoings and fraud by the heroes of Wall Street, spins
a compelling tale of vaulting ambition, greed, jealousy, back-stabbing
and boardroom shenanigans. Eisner comes across as a character
from Shakespearean tragedy-a corporate King Lear or Macbeth or
Henry IV-who, as absolute monarch, merges his own identity with
that of his empire, leading both to near ruin.
DisneyWar is replete with examples of talented
executives and partners who Eisner used, manipulated and then
cast aside-Jeffery Katzenberg, Michael Ovitz, Roy Disney, Steve
Jobs and several others-ethical standards be damned. Stewart also
exposes Eisner as a man who will go to any lengths, and stoop
to any depths, to preserve his power and authority.
But the first half of Eisner's reign at Walt
Disney Company was marked by a series of triumphs. The book relates
how he transformed an ailing $2.1-billion (in 1984) animation
studio with a couple of theme parks into a $30-billion (Rs 1,32,000
crore) global entertainment and media powerhouse that in 2004
earned $4.5 billion (Rs 19,800 crore) and had a market capitalisation
of over $40 billion (1,76,000 crore). His reward over 20 years:
$600 million (Rs 2,640 crore). Eisner's problems began in the
second half starting 1994. This was the phase when he began to
have delusions about being Walt Disney's intellectual heir. He
was fond of telling everyone that the name Disney had a French
origin: D' Isner, or "Eisner without the D". The company's
financial performance also began to falter. In 2004, civil war
erupted within Disney. Shareholders, led by Roy Disney, voted
to oust him as Chairman, but retained him as Chief Executive till
2006. Why did one of Hollywood's most celebrated and powerful
executives fall from grace? Read the book to find out.
 |
WORLD TRADE ORGANIZATION:
IMPLICATIONS FOR INDIAN ECONOMY
By P.K. Vasudeva
Pearson Education
PP: 515
Price: Rs 599 |
WTO PRIMER
The
outcome of the world trade Organization's Sixth Ministerial Summit
in Hong Kong in December this year is critical to the future of
multilateralism. The world cannot afford fiascos like those in
Seattle (1999) and Cancun (2003), where talks had to be aborted
because of protests and differences between developed and developing
countries.
With so much riding on the Hong Kong round,
World Trade Organization: Implications for Indian Economy by P.K.
Vasudeva, Principal, Dayanand College of Communication and Management,
Chandigarh, is a welcome addition to the list of books on this
subject. It stands out for its detailed overview of the Uruguay
Round and its successor, the WTO in 1995, and on various agreements
and their roles in shaping trade policies in an easy-to-read manner.
It also discusses complex issues such as patents, labour clauses,
sanitary and phytosanitary conditions. The case studies, in particular,
are of great help. A must read for both the layman and the expert
alike.
-Ashish Gupta
|