Message Font: Serif | Sans-Serif
No. of Recommendations: 1
It was Roy E. Disney (Jr) who led the effort to replaced Eisner, not Iger. He was just in the right place and the right time after Eisner was stripped of his Board chairmanship and Disney and fellow former Board member Stanley Gold pressured Eisner to resign. From Wikipedia:

After a struggle with CEO Michael Eisner, Roy Disney's influence began to wane as more executives friendly to Eisner were appointed to high posts. When the board of directors rejected Disney's request for an extension of his term as board member, he announced his resignation on November 30, 2003, citing "serious differences of opinion about the direction and style of management" in the company. He issued a letter criticizing Eisner for mismanaging the company, neglecting the studio's animation division, failures with ABC, timidity in the theme park business, instilling a corporate mentality in the executive structure, turning the Walt Disney Company into a "rapacious, soul-less" conglomerate, and for refusing to establish a clear succession plan.

Who think Eisner's downfall was in trying to remove the Disney family from Disney company, which despite Roy's passing and there no longer being a Disney family member on the Board is still widely viewed by management, cast members and shareholders a Walt's company and operated in line with Walt's original vision from decades ago...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.