Walt Disney to sell travel packages in new online push

Article Abstract:

Walt Disney Co. is planning to begin selling travel packages to the Walt Disney World resorts through Disney.com. Although Disney has already been selling tickets to its theme parks online, it never before made resort reservations directly available through the medium. Disney plans to expand its system to include reservations for air travel, car rental and bookings for Disneyland and the Disney cruise line. Travel agents will be able to use Disney's online system to receive their commissions.

Comment:

Walt Disney Co. plans to begin offering reservations for its DisneyWorld resorts on Disney.com

Marketing procedures, New Electronic Marketing, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels

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Disney CEO Eisner's bonus was cut nearly 50% due to mediocre earnings

Article Abstract:

Walt Disney Co.'s Michael Eisner suffered a reduced bonus for 1998, that of $5 million, down from 1997's $9.9 million. The chairman and CEO and other executives took their bonus cuts due to a year that was high in investments and other costs, but low in profits, comparing 1998 to 1991. The bonus formula for Eisner will remain the same in 1999, but the formula is being revised to eliminate a skewering too far in either his or the company's favor.

Comment:

Chairman and CEO Michael Eisner received a $5 million bonus for 1998, less than '97's

Management development, Compensation and benefits, Abstract, Entertainment industry, Eisner, Michael D., DIS

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Disney profit won't meet expectations

Article Abstract:

Walt Disney Co. cautioned that it will post a lower-than-expected financial performance for the 1998 fiscal fourth-quarter. The company will see flat or reduced earnings for 1998, compared to 1997. Disney has been hit hard by the Asian economic crisis. The company's consumer products division has suffered a reduction in sales in Asian countries like Japan. Disney's overseas home-video business has also suffered losses.

Comment:

Cautions that it will post a lower-than-expected financial performance for the 1998 fiscal fourth-quarter

Sales, profits & dividends, Company Planning/Goals

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