Roy E. Disney resigns!

[wdisneelvr]

Just in, story on Cnet

http://news.com.com/2100-1026_3-5112210.html

 

[Boston Tea Party]

Wow, that's shocking!!

I guess I could run it, if there was nobody else.

 

[KathyFP]

It will be interesting what happens next. I have not really followed the conflict very closely.

 

[PamOKW]

Here's another take from the Orlando Sentinel. Seems part of the problem is Roy is upset that the Board wants him off since he is over the standard age for stepping down.

Sentinel

 

[princessandie77]

I think it's so sad....are there any Disney's left at Disney?

 

[wdisneelvr]

He is very upset with Eisner. He wants Eisner to step down.

They need to revamp, things have been going down hill for awhile now.

I hope they will come out ontop when all is said and done.

 

[GeorgeG]

This is a sad thing. Eisner may well have shot himself in the foot with this. While the company is certainly a business, it's one that was built on dreams. Walt is quoted as saying "If we can dream it, we can do it." Likewise, if you can't dream it...

 

[floridaminnie]

It is time for Eisner to go!

 

[Lisa F]

I don't think it has much, if anything to do with his age (at least not from Roy's point of view). Here is a copy of the letter that he sent to Eisner, taking care that it be made public. All I have to say is "you go, Roy!" for saying all of the things that most of us WISH we could say (and have it heard).

http://www.miceage.com/allutz/al113003a.htm

 

[wdisneelvr]

 

[moinab]

I agree that this seems to be a major PR blunder. For a company, that makes most of its profit promoting family experience, to kick Walt's nephew out on his butt on the lame pretext that he's too old (the clause has been repeatedly bypassed prior to this) is very unseemly.

Also, on a subjective level, Eisner has always kind of made my skin crawl. Roy elicits that warm, fuzzy feeling I remember from seeing Walt on The Wonderful World of Disney on Sunday nights.

JMO, of course. For all I know, Roy could have been a major wrench in the works, but it just looks bad.

 

[tailfethrs]

Originally posted by PamOKW
Here's another take from the Orlando Sentinel. Seems part of the problem is Roy is upset that the Board wants him off since he is over the standard age for stepping down.

Is it now that he has to step down or when he's 75? He's only 73, but it does sound like he would like it changed for him.

 

[tailfethrs]

Originally posted by wdisneelvr
He is very upset with Eisner. He wants Eisner to step down.

They need to revamp, things have been going down hill for awhile now.

I hope they will come out ontop when all is said and done.

I hope so too, I hope they can have 1984 happen all over again, of coures a big part of that was Eisner. I still have my Donald Duck that Roy had sent out to stockholders when they wanted the votes.

Eisner has said so many, many times he won't step down, I wonder if this will change with Roy being so upset.

 

[7thdwarf/dopey]

I wonder if a major petition is in order here(or if it would even help) to let Eisner know how "we the people" feel!

 

[phisigprincess]

I agree, Eisner was great at the begining, but as time's progressed I found myself disliking him more and more. I asked this on the other thread on this topic, but does anyone know if Eisner's responded to this yet?? If he hasn't, he better act fast. The damage control needs to be done ASAP if he wants to save any kind of face on this.

 

[Lewski709]

Someone on the Rumor board said that Roy Disney sold his stocks 6 months ago and had "planned" this. I am a skeptic about that. I think the water has been boiling ther for a while, but I don't think Roy would be involved in insider trading, do you?

 

[chesirechik]

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-01-2003/0002067081&EDATE=

 

[tailfethrs]

Originally posted by Lewski709
Someone on the Rumor board said that Roy Disney sold his stocks 6 months ago and had "planned" this. I am a skeptic about that. I think the water has been boiling ther for a while, but I don't think Roy would be involved in insider trading, do you?

I don't know about that, but I would so hope not. I think some of his grandchildren still work for Disney. I remember they had a whole write up about "the next Disneys' to start working for the company" in the Disney Magazine This was awhile ago and they may have left by now.

But I think he really didn't want to leave but like you said, it just boiled over.

Is there still no word from Eisner?