Word: katzenberg
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Dates: during 2000-2009
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...Still, that probably needs to happen sooner rather than later for Angelides. Last week Gov. Schwarzenegger collected the endorsements of prominent California Democrats and Dreamworks SKG studio founders Steven Spielberg and Jeffrey Katzenberg...
...doubted the artistic talent at DreamWorks SKG when it was launched in 1994 amid hype befitting its superstar founders, Steven Spielberg, Jeffrey Katzenberg and David Geffen. Overlooked in the face of such Tinseltown royalty, though, was that none were proven CEOs--a niggling detail that has become hard to miss after a series of gaffes since the trio sold shares of its animation division to the public last year...
That is hardly the pace-setting media juggernaut the founders, with their impeccable pedigrees, envisioned. Spielberg is the creative force behind Jaws, Jurassic Park and the new War of the Worlds. Katzenberg was Disney's animation genius. Geffen discovered the Eagles and introduced Guns N' Roses to the world. Together the moguls planned to move beyond movies and music to TV, toys and the Internet...
Their dreams aren't dead yet. But some Wall Street analysts wonder whether the moguls need to hire a new CEO, a role Geffen took on at investors' request. Spielberg just wants to make movies; Katzenberg is CEO of the publicly traded animation company, which remains majority owned by DreamWorks' founders and early investors. Success has been spotty on all fronts. DreamWorks never built the studio complex it had planned and gave up on its TV, record and Internet ambitions. Its animated movies--other than the Shrek franchise--have been unspectacular. "Probably our eyes were bigger than our stomachs," Geffen...
Stewart's take is that while a successful jerk may be forgiven all, Eisner indulged his vanity and vindictiveness to his company's harm. He cost Disney millions of dollars and vast embarrassment by letting Katzenberg's departure deteriorate into a lawsuit. He even badmouths Lost--his own network's hit--to Stewart, to rationalize having opposed it. ("Lost is terrible," he says. "Who cares about these people on a desert island...