sandar
11-30-2003, 09:36 PM
From the New York Times, November 30:
Roy E. Disney, a nephew of the founder of The Walt Disney Company, said today that he was leaving the board of directors and called for the resignation of the chairman and chief executive, Michael D. Eisner.
In a three-page letter hand-delivered to Mr. Eisner's Manhattan apartment where the executive was spending the weekend, Mr. Disney complained that Mr. Eisner had done little to revive the company over the past seven years and still had not decided who would be his successor. Mr. Eisner, who took over Disney in 1984, has been under increasing pressure over the company's sagging fortunes.
``Michael, it is my sincere belief that it is you who should be leaving and not me,'' Mr. Disney wrote. ``Accordingly, I once again call for your resignation or retirement.''
Roy E. Disney, a nephew of the founder of The Walt Disney Company, said today that he was leaving the board of directors and called for the resignation of the chairman and chief executive, Michael D. Eisner.
In a three-page letter hand-delivered to Mr. Eisner's Manhattan apartment where the executive was spending the weekend, Mr. Disney complained that Mr. Eisner had done little to revive the company over the past seven years and still had not decided who would be his successor. Mr. Eisner, who took over Disney in 1984, has been under increasing pressure over the company's sagging fortunes.
``Michael, it is my sincere belief that it is you who should be leaving and not me,'' Mr. Disney wrote. ``Accordingly, I once again call for your resignation or retirement.''