2011 Shareholder Meeting Update #1 – Meeting to Order, John Pepper Jr.


John Pepper, Jr.

Chairman of the Board John Pepper, Jr. brings the meeting to order. Reports 2010 was a very good year for Disney – way above the average. Management successfully navigated fastest changing media landscape and difficult global economy. Senior management changes at Studios, ABC Entertainment and Interactive Media Group while delivering record performance – testimony to leadership. Personally saw a class being taught in one of their new businesses – classes in Beijing, China. Visited park in Hong Kong and was impressed by level of service from cast. Very encouraged by new business structure in Europe. Experienced World of Color at DCA. Introduces the Board of Directors. Introduces Disney CEO Bob Iger.