First "Save Disney" War (1984)
Roy Disney resigned as an executive from the Disney company in 1977 due to disagreements with corporate decisions then. As he claimed later, "I just felt creatively the company was not going anywhere interesting. It was very stifling." He retained a seat on the board of directors. His resignation from the board in 1984, which occurred in the midst of a corporate takeover battle, was the beginning of a series of developments that led to the replacement of company president and CEO Ronald William Miller (married to Walt's daughter Diane Marie Disney) by Michael Eisner and Frank Wells. While investors were attempting hostile takeovers of Disney with the intention on dismantling the company and selling off its assets, Roy organized a consortium of white knight investors to fend off the takeover attempts which led to Eisner and Wells being brought on. Roy soon returned to the company as vice-chairman of the board of directors and head of the animation department.
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Famous quotes containing the words save and/or war:
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