more disney fallout
[Continuing from this discussion this morning]
Director Stanley Gold resigned from the Disney board this morning, just one day after Roy Disney resigned (or was forced into retirement, depending on how you look at it).
Following in Roy Disney's footsteps, Gold also called for Michael Eisner to resign.
"It is clear to me that this board is unwilling to tackle the difficult issues I believe this company continues to face -- management failures and accountability for those failures, operational deficiencies, imprudent capital allocations, the cannibalization of certain Company icons for short-term gain, the enormous loss of creative talent over the last years, the absence of succession planning and the lack of strategic focus," Gold wrote.
In other words, Eisner has shaped Disney into his own image and, in the process, has cut the animation giant off at the knees. I restate my declaration from this morning: If Eisner stays on, Disney will sink with him.