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  • Conflict at Walt Disney bursts wide open (Roy says company under Eisner "rapacious, soulless")

    12/01/2003 2:10:03 AM PST · by Liz · 71 replies · 593+ views
    FINANCIAL TIMES ^ | December 1 2003 | Christopher Parkes, LA, Peter Thal Larsen, NY
    Roy Disney resigned as vice-chairman of the Walt Disney entertainment group on Sunday and called for Michael Eisner, chairman and chief executive, to follow suit, bringing to a head a conflict that has been brewing for a decade. "It is my sincere belief that it is you who should be leaving and not me," he said in a bitter letter that criticised Mr Eisner's performance and style on seven counts. The departure and open hostility of Mr Disney, nephew of Walt Disney and still a substantial shareholder, are likely to reignite the debate about the media company's direction. It marks...