HOLY CRAP! Roy Disney resigns! Asks Eisner to do the same!

Oh yeah. This is SERIOUSLY gonna mess up Disney's stock value on 
Monday's trading.

The Tragic Kingdom is going into meltdown right now, boys and girls.

http://www.drudgereport.com/flash1.htm

ROY DISNEY RESIGNS; CALLS ON EISNER TO STEP ASIDE 
Sun Nov 30 2003 16:32:17 ET 

Walt Disney Co. Vice Chairman Roy E. Disney submitted his resignation 
from the company board on Sunday and called for Disney Chairman and CEO 
Michael Eisner to step down from his own positions, the WALL STREET 
JOURNAL is reporting. 

Disney, nephew to the late Walt Disney, sent Eisner a three-page letter 
severely criticizing his leadership during the past seven years: 

'It is my sincere belief that it is you who should be leaving and not 
me,... Accordingly, I once again call for your resignation or 
retirement.' 

WSJ reporter Bruce Orwall writes that in his letter Disney said that 
Eisner deserved credit for a successful first decade after taking the 
helm at Disney in 1984. But he then detailed seven areas in which he 
said Mr. Eisner has failed the company in the past seven years. 

The list of complaints included everything from the performance of the 
struggling ABC broadcast networks and Disney theme parks to Mr. Eisner's 
reputation for "micro-management of everyone around you." 

The resignation comes in advance of a Disney board meeting this week. 
Mr. Disney's letter seems to indicate that the Disney board's nominating 
committee had decided to leave his name off the slate of directors to be 
elected for the coming year. Mr. Disney also indicated that he would 
also resign from his position as chairman of Disney feature animation. 

A Disney spokeswoman initially declined to comment. 

DEVELOPING HARD...