Roy E. Disney: He built up his family's legacy
BY SANDY COHEN
ASSOCIATED PRESS
Roy E. Disney, the nephew of Walt Disney whose behind-the-scenes influence on the Walt Disney Co. led to the departure of chief Michael Eisner, has died. He was 79.
The company announced that he died Wednesday in Newport Beach, Calif., after a bout with stomach cancer.
President and Chief Executive Bob Iger said, "Roy's true passion and focus were preserving and building upon the amazing legacy of Disney animation that was started by his father and uncle."
Although he generally stayed out of the spotlight, Roy Disney didn't hesitate to lead a successful campaign in 1984 to oust Walt Disney's son-in-law after concluding he was leading the company in the wrong direction. Nearly 20 years later, he launched another successful shareholders revolt, this time against Eisner, the man he'd helped bring in after the previous ouster.
Born in 1930, Roy Disney practically grew up with the company. His uncle Walt Disney and his father, Roy O. Disney, had co-founded the Disney Brothers Cartoon Studio seven years before, later renaming it the Walt Disney Co.
Starting in the 1950s, Roy E. Disney worked in the family business as an editor, screenwriter and producer. Two short films he worked on were nominated for Academy Awards: 1959's "Mysteries of the Deep" and 2003's "Destino."
As an investor who grew his Disney stock into a billion-dollar fortune, he had a huge impact on the company's destiny. In 1984, dissatisfied with the leadership that Walt Disney's son-in-law Ron Miller was providing, Roy Disney resigned from the board of directors and sought investors to back a bid to install new management. His efforts resulted in the hiring of Eisner and Frank Wells, who led the company until Wells died in 1994.
During that time, Disney rose to become the company's vice chairman and chairman of its animation division, where he helped oversee the making of such hit films as 1994's "The Lion King."
BY SANDY COHEN
ASSOCIATED PRESS
Roy E. Disney, the nephew of Walt Disney whose behind-the-scenes influence on the Walt Disney Co. led to the departure of chief Michael Eisner, has died. He was 79.
The company announced that he died Wednesday in Newport Beach, Calif., after a bout with stomach cancer.
President and Chief Executive Bob Iger said, "Roy's true passion and focus were preserving and building upon the amazing legacy of Disney animation that was started by his father and uncle."
Although he generally stayed out of the spotlight, Roy Disney didn't hesitate to lead a successful campaign in 1984 to oust Walt Disney's son-in-law after concluding he was leading the company in the wrong direction. Nearly 20 years later, he launched another successful shareholders revolt, this time against Eisner, the man he'd helped bring in after the previous ouster.
Born in 1930, Roy Disney practically grew up with the company. His uncle Walt Disney and his father, Roy O. Disney, had co-founded the Disney Brothers Cartoon Studio seven years before, later renaming it the Walt Disney Co.
Starting in the 1950s, Roy E. Disney worked in the family business as an editor, screenwriter and producer. Two short films he worked on were nominated for Academy Awards: 1959's "Mysteries of the Deep" and 2003's "Destino."
As an investor who grew his Disney stock into a billion-dollar fortune, he had a huge impact on the company's destiny. In 1984, dissatisfied with the leadership that Walt Disney's son-in-law Ron Miller was providing, Roy Disney resigned from the board of directors and sought investors to back a bid to install new management. His efforts resulted in the hiring of Eisner and Frank Wells, who led the company until Wells died in 1994.
During that time, Disney rose to become the company's vice chairman and chairman of its animation division, where he helped oversee the making of such hit films as 1994's "The Lion King."