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Article: Roy Disney and Stanley Gold Dismayed, But Not Surprised by Loss of Walt Disney Company's Relationship With Pixar.
- Article from:
- PR Newswire
- Article date:
- January 29, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...