Page "Roy E. Disney" Paragraph 11

On September 30, Eisner resigned both as an executive and as a member of the board of directors, and, severing all formal ties with the company, he waived his contractual rights to perks such as use of a corporate jet, a Golden Pass and an office at the company's Burbank headquarters.

Eisner's replacement was Bob Iger.

One of Roy Disney's stated reasons for engineering his second " Save Disney " initiative had been Eisner's well-publicized but financially unjustified dissatisfaction with long-time production partner Pixar Animation Studios and its CEO Steve Jobs, creators of shared hits Toy Story, Monsters, Inc., Finding Nemo, and other critically acclaimed computer animated motion pictures.

This estrangement was quickly repaired by successor Iger upon Eisner's exit, and on January 24, 2006, the company announced it would acquire Pixar in an all-stock deal worth US $ 7. 4 billion, catapulting Jobs, also co-founder and CEO of Apple, Inc, to Disney's largest shareholder with 7 % of the corporation's outstanding shares.

Jobs also gained a new seat on Disney's board of directors.

Former CEO Eisner, who still holds 1. 7 % of shares, became Disney's second-largest shareholder, and Director Emeritus Roy Disney, with 1 % of shares, became its third-largest owner.

Roy Disney's efforts to oust Eisner from the company were chronicled by James B. Stewart in his best-selling book, DisneyWar.