Roy Disney and Walt Disney Co. Resolve Differences

Captgoodguy · 07-08-2005

This just came in. I'm glad there is a Disney family member back on the board!

JOINT STATEMENT FROM THE WALT DISNEY COMPANY AND ROY E. DISNEY AND STANLEY P. GOLD

BURBANK, Calif. (July 8, 2005) -- The Walt Disney Company, Roy E. Disney and Stanley P. Gold announced today that they have agreed to put aside the differences that have characterized their relationship over the past several years. Messrs. Disney and Gold have agreed not to run a rival slate of directors or submit shareholder resolutions for the next five years. Messrs. Disney and Gold have also agreed to dismiss all their pending lawsuits against the Company. In reestablishing ties with him and his family, the Company has named Roy E. Disney Director Emeritus and a consultant. The Company also reaffirmed its commitment to the rotation of committee members and chairpersons on its Board committees as currently required by the Company's Corporate Governance Guidelines. In putting aside their differences, the Company noted Mr. Disney's long time devotion to the Company and welcomed the reestablishment of a relationship with him and his family. Messrs. Disney and Gold expressed confidence in Mr. Iger's leadership, and as Mr. Eisner retires after 21 years with the Company, they acknowledged his contribution to the Company over the years.

Disneywife · 07-08-2005

WOW. That's surprising, but great news!

Baloo85 · 07-08-2005

woo hoo!!! glad to have a disney back...things look like they are turning around...FINALLY!!!

mickaholic4077 · 07-08-2005

Wonderful!! A Disney is back on the board.

**Dana** · 07-08-2005

I can honestly say that I am not shocked at all.

**cinderbella** · 07-08-2005

A place that he rightfully deserves! I too am glad that a Disney is back on the board!

DarthTortoise · 07-08-2005

OMG!!!
Wow! Too cool!!! I am so glad Eisner is leaving. I think Iger will do wonderful things for The Disney Company.

tigger · 07-08-2005

This is a very good sign...indeed.

Erin · 07-08-2005

Does it mean that Roy is back?
Or just...being consulted? Is that good?

Country Bear · 07-08-2005

It's about time.

ZarSu · 07-09-2005

This is a great day! Glad to see Eisney finally getting the boot and the Disney company finally getting a clue. This seems to be a turning point for Disney to the good road now that the wicked old witch is leaving.

ZarSu · 07-09-2005

Lets all hope they come to their senses and reopen the Disney Magazine, that would really be the icing on the cake.

Captgoodguy · 07-09-2005

I really hope that Roy can bring back at least some of the magic.

Laneysdad · 07-09-2005

Ahhhhh . . . All is becoming right in "the World". I never understood the how's or why's of this drama outside of Eisners Ego getting the best of him.

Park Hopper · 07-09-2005

I'm afraid the Roy Disney news isn't as good as everyone thinks it is. While it's true Roy Disney and the Disney company have settled their differences, the truce really doesn't give Roy any power to do anything. He is not on the board and the honorary title given to him of director emeritus carries no voting power. It also doesn't give him the right to attend board meetings. Some news sources, in fact, are reporting that insiders close to the situation say Roy had grown weary of the fight and was looking for a graceful way out that would at least leave him with a symbolic role in the company.

07-08-2005	#1 (permalink)
Captgoodguy Senior Mouseketeer Join Date: Mar 2003 Location: Indiana Posts: 405	Roy Disney and Walt Disney Co. Resolve Differences This just came in. I'm glad there is a Disney family member back on the board! JOINT STATEMENT FROM THE WALT DISNEY COMPANY AND ROY E. DISNEY AND STANLEY P. GOLD BURBANK, Calif. (July 8, 2005) -- The Walt Disney Company, Roy E. Disney and Stanley P. Gold announced today that they have agreed to put aside the differences that have characterized their relationship over the past several years. Messrs. Disney and Gold have agreed not to run a rival slate of directors or submit shareholder resolutions for the next five years. Messrs. Disney and Gold have also agreed to dismiss all their pending lawsuits against the Company. In reestablishing ties with him and his family, the Company has named Roy E. Disney Director Emeritus and a consultant. The Company also reaffirmed its commitment to the rotation of committee members and chairpersons on its Board committees as currently required by the Company's Corporate Governance Guidelines. In putting aside their differences, the Company noted Mr. Disney's long time devotion to the Company and welcomed the reestablishment of a relationship with him and his family. Messrs. Disney and Gold expressed confidence in Mr. Iger's leadership, and as Mr. Eisner retires after 21 years with the Company, they acknowledged his contribution to the Company over the years. __________________ A former and future Annual Passholder from Indiana that has visited too many times to list here. Proud parent of Jingles The Wonder Dog.

07-08-2005	#2 (permalink)
Disneywife Mouse Meister Join Date: Jul 2004 Posts: 1,427	Re: Roy Disney and Walt Disney Co. Resolve Differences WOW. That's surprising, but great news!

07-08-2005	#3 (permalink)
Baloo85 DC JungleCruise Skipper Join Date: Sep 2004 Location: in denial on the Nile river Posts: 1,545	Re: Roy Disney and Walt Disney Co. Resolve Differences woo hoo!!! glad to have a disney back...things look like they are turning around...FINALLY!!! __________________ "Please do not take any pictures while you are in line at the Jungle Cruise...they are nailed to the walls for a reason." PJ AND BALOO WDW TRIPS 2003 Oct MNSSHP (CBR) 2004 April (Grad nite) 2005 Oct MNSSHP 2005 Nov (my b day) 2006 March (spring break/POR) 2006 May (Pj's b day/All Star Music) President of the "I GO WILD FOR THE JUNGLE CRUISE" club Founder of the Pool Boys for Disney Foundation!!!

07-08-2005	#4 (permalink)
mickaholic4077 Currently in Timeout! Join Date: Nov 2002 Location: 90 miles from The Mick!!!!! Posts: 6,193	Re: Roy Disney and Walt Disney Co. Resolve Differences Wonderful!! A Disney is back on the board.

07-08-2005	#5 (permalink)
Dana Super Mod/Packen' Kracken Join Date: Jun 2002 Location: Joisey Posts: 22,683	Re: Roy Disney and Walt Disney Co. Resolve Differences I can honestly say that I am not shocked at all. __________________ 82 off-site ~ 91 off-site ~ 97 ASMusic ~ 00 ASMovies 02 Wilderness Lodge ~ 04 Animal Kingdom Lodge 05 Animal Kingdom Lodge & Polynesian 05 Port Orleans French Quarter~06 Old Key West 07 Port Orleans French Quarter ~ 08 Old Key West~ My Disney Countdown Counting down to: 10 day WDW blowout bonanza! 625 days 20 hours 8 minutes

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Roy Disney and Walt Disney Co. Resolve Differences

07-08-2005	#6 (permalink)
cinderbella Crackhead Moderator Join Date: Oct 2004 Location: south carolina Posts: 6,396	Re: Roy Disney and Walt Disney Co. Resolve Differences A place that he rightfully deserves! I too am glad that a Disney is back on the board! __________________ WDW Restaurants and Resorts Moderator Bella I Deltaco. My Disney Countdown Counting down to: Bella goes to Washington... 45 days 5 hours 8 minutes

07-08-2005	#7 (permalink)
DarthTortoise Master of the Universe Join Date: Apr 2004 Location: Azkaban Posts: 1,319	Re: Roy Disney and Walt Disney Co. Resolve Differences OMG!!! Wow! Too cool!!! I am so glad Eisner is leaving. I think Iger will do wonderful things for The Disney Company. __________________ "A bottle of red, a bottle of white Whatever kind of mood you're in tonight I'll meet you anytime you want In our Italian Restaurant."

07-08-2005	#8 (permalink)
tigger Sour Patch Kid Join Date: Jan 2002 Location: 100 acre beach just south of MCO Posts: 2,821	Re: Roy Disney and Walt Disney Co. Resolve Differences This is a very good sign...indeed. __________________

07-08-2005	#9 (permalink)
Erin Holiday Investigator Join Date: Sep 2002 Location: North Central Florida! Posts: 9,732	Re: Roy Disney and Walt Disney Co. Resolve Differences Does it mean that Roy is back? Or just...being consulted? Is that good? __________________ Team Jake! Avatar: Wishy and me! www.myspace.com/daisygirl77

07-08-2005	#10 (permalink)
Country Bear Mouseketeer Join Date: Oct 2002 Location: NJ Posts: 31	Re: Roy Disney and Walt Disney Co. Resolve Differences It's about time. __________________

07-09-2005	#11 (permalink)
ZarSu Senior Mouseketeer Join Date: Mar 2003 Location: Charlestown, Rhode Island. Posts: 332	Re: Roy Disney and Walt Disney Co. Resolve Differences This is a great day! Glad to see Eisney finally getting the boot and the Disney company finally getting a clue. This seems to be a turning point for Disney to the good road now that the wicked old witch is leaving. __________________ Zar. 1980 Off site 2003 Poly, 2 weeks 2005 Pop, 3 weeks 2008 (May) All Stars, 2 weeks 2008 (October) Pop, 1 week 2008 (December) ?, 1 week

07-09-2005	#12 (permalink)
ZarSu Senior Mouseketeer Join Date: Mar 2003 Location: Charlestown, Rhode Island. Posts: 332	Re: Roy Disney and Walt Disney Co. Resolve Differences Lets all hope they come to their senses and reopen the Disney Magazine, that would really be the icing on the cake. __________________ Zar. 1980 Off site 2003 Poly, 2 weeks 2005 Pop, 3 weeks 2008 (May) All Stars, 2 weeks 2008 (October) Pop, 1 week 2008 (December) ?, 1 week

07-09-2005	#13 (permalink)
Captgoodguy Senior Mouseketeer Join Date: Mar 2003 Location: Indiana Posts: 405	Re: Roy Disney and Walt Disney Co. Resolve Differences I really hope that Roy can bring back at least some of the magic. __________________ A former and future Annual Passholder from Indiana that has visited too many times to list here. Proud parent of Jingles The Wonder Dog.

07-09-2005	#14 (permalink)
Laneysdad Big Cheese Join Date: Jun 2005 Location: A Plain field in Illinois Posts: 778	Re: Roy Disney and Walt Disney Co. Resolve Differences Ahhhhh . . . All is becoming right in "the World". I never understood the how's or why's of this drama outside of Eisners Ego getting the best of him. __________________

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07-09-2005	#15 (permalink)
Park Hopper Mouse Meister Join Date: Mar 2003 Location: Orlando Posts: 1,255	Re: Roy Disney and Walt Disney Co. Resolve Differences I'm afraid the Roy Disney news isn't as good as everyone thinks it is. While it's true Roy Disney and the Disney company have settled their differences, the truce really doesn't give Roy any power to do anything. He is not on the board and the honorary title given to him of director emeritus carries no voting power. It also doesn't give him the right to attend board meetings. Some news sources, in fact, are reporting that insiders close to the situation say Roy had grown weary of the fight and was looking for a graceful way out that would at least leave him with a symbolic role in the company. __________________ 30 Minutes from the Mouse