Roy Disney may be gone from Disney's Board of Director's, but he's ensuring that he's not forgotten. When Pixar Studios let word slip it would end its relationship with the entertainment conglomerate, Roy Disney was fast on the trigger with this news release:
Roy Disney and Stanley Gold Dismayed, But Not Surprised by Loss of Walt Disney Company's Relationship With Pixar
BURBANK, Calif., Jan. 29 /PRNewswire/ -- Roy E. Disney and Stanley P. Gold today issued the following statement regarding Pixar ending its relationship with The Walt Disney Company:
As significant shareholders of The Walt Disney Company, we are extremely
dismayed, but not surprised by the loss of Disney's Pixar relationship. More
than a year ago, we warned the Disney Board that we believed Michael Eisner
was mismanaging the Pixar partnership and expressed our concern that the
relationship was in jeopardy. In fact, Roy cited this in his letter of
resignations from the Board.
Michael Eisner's inability to manage and nurture crucial creative
relationships, like the one Disney had with Pixar, is one of the main reasons
we have maintained that we did not believe Disney's earnings were sustainable.
Roy Disney isn't going away, and Eisner will know about it every time there's another piece of bad news.