A high-powered CEO doesn't stay on the canvas for long:
Michael Eisner is not a man with many close friends. But John Angelo is one of the few.
Angelo is co-founder of hedge fund Angelo, Gordon & Co., one of the senior creditors in the complex Tribune Co. bankruptcy. And he's the person who approached Eisner about joining the board of a reconfigured Tribune Co.
Formidable legal obstacles must be overcome before new management can be installed at the troubled media company. But Eisner, formerly Disney chairman and CEO, is in talks to become chairman of the board, possibly with former colleague Jeff Shell, now president of the Comcast Programming Group, as his CEO. ...
It's fine to be a guy with lots and lots of money, but at the end of the playing season, it isn't about the money. Nor even the perks.
It's about exercising power and being in the center of the action, about having that corporate jet at your beck and call. About being an important, mainstream player again.
Long ago, one of the secretaries who arrived with Disney's new management team from Paramount/ Warners said to me:
"These guys can never have enough. They look at the Bass Brothers and their billions, and they are just green with envy ..."