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November 30

November 30, 2003 – Roy E. Disney Resigns

Roy Disney

“It is with deep sadness and regret that I send you this letter of resignation from the Walt Disney Company, both as Chairman of the Feature Animation Division and as Vice Chairman of the Board of Directors.”

On November 30, 2003, Roy E. Disney effectively announced his resignation from the Walt Disney Company in a letter addressed to then CEO Michael Eisner. Though Eisner’s early years with the company had been prosperous, it was after the passing of company president Frank Wells that tensions mounted between Eisner and Disney. In a three-page handwritten letter delivered to Eisner’s Manhattan residence, Disney laid out seven specific grievances he had with Eisner’s leadership, ranging from poor quality in the theme parks, to loss of company morale through micro-managing. Disney remained off the board until 2005, when Eisner stepped down and Bob Iger was named as the new CEO; Disney rejoined the board as a non-voting Director Emeritus and consultant.

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