6. your failure to establish and build constructive relationships with creative partners, especially pixar, miramax, and the cable companies distributing our products.
7. your consistent refusal to establish a clear succession plan.
in conclusion, michael, 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. the walt disney company deserves fresh, energetic leadership at this challenging time in its history just as it did in 1984 when i headed a restructuring which resulted in your recruitment to the company.
i have and will always have an enormous allegiance and respect for this company, founded by my uncle, walt, and father, roy, and to our faithful employees and loyal stockholders. i dont know if you and other directors can comprehend how painful it is for me and the extended disney family to arrive at this decision.
in accordance with item 6 of form 8-k and item 7 of schedule 14a, i request that you disclose this letter and that you file a copy of this letter as an exhibit to a company form 8-k.
with sincere regret,
(roy edward disney)
roy e. disney