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Roy E. Disney

(Redirected from Roy Edward Disney)

Roy Edward Disney KCSG (January 10, 1930 – December 16, 2009[1]) was an American businessman. He was the longtime senior executive for the Walt Disney Company, which was founded by his uncle, Walt Disney, and his father, Roy O. Disney. At the time of his death, he held more than 16 million shares (about 1% of the company),[2] and served as a consultant for the company, as well as director emeritus for the board of directors. During his tenure, he organized ousting of the company's top two executives: Ron W. Miller in 1984 and Michael Eisner in 2005.

Roy E. Disney
KCSG
Disney in 1990
Born
Roy Edward Disney

(1930-01-10)January 10, 1930
Los Angeles, California, U.S.
DiedDecember 16, 2009(2009-12-16) (aged 79)
Newport Beach, California, U.S.
Alma materPomona College
Occupation(s)Vice chairman, The Walt Disney Company
Chairman, Walt Disney Feature Animation
Years active1951–2009
Political partyRepublican
Spouses
Patricia Ann Dailey
​
​
(m. 1955; div. 2007)​
Leslie DeMeuse
​
(m. 2008)​
Children4, including Abigail Disney
Parent(s)Roy Oliver Disney
Edna Francis Disney
RelativesSee Disney family
AwardsAnnie Award (1993)
Disney Legend Award (1998)
Lifetime Achievement Award in Animation (2002)

As the last member of the Disney family to be actively involved in the company, Disney was often compared to his uncle and to his father. In 2006, Forbes magazine estimated his personal fortune at $1.2 billion.[3]

Disney was also a celebrated yachtsman,[4] a member of San Diego Yacht Club best known for his success in the Transpacific Yacht Race and winning the Newport Bermuda Race.[5] Disney died from stomach cancer on December 16, 2009.

Early life and career

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Disney with his mother in 1951

Disney was born in Los Angeles, California, the son of Edna (née Francis; 1890–1984) and Roy O. Disney (1893–1971), the brother of Walt Disney. He graduated from Pomona College in 1951 and first began working for Walt Disney Productions as an assistant director and producer (True-Life Adventure). He continued until 1967, when he was elected to the company's board of directors.

Career

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First "Save Disney" campaign (1984)

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Disney resigned as an executive from Walt Disney Productions in 1977 over disagreements with corporate decisions. He later said, "I just felt creatively the company was not going anywhere interesting. It was very stifling."[6]

Disney retained a seat on the board of directors until 1984, when he resigned in the midst of a corporate takeover battle. This began a series of events that ultimately led to the replacement of Ron Miller (husband of Walt's daughter Diane Marie Disney) by Frank Wells and Michael Eisner as president and CEO, respectively. While investors an attempting the hostile takeover of Disney with the intention of dismantling the company and selling off its assets, Disney and his attorney and financial advisor Stanley Gold organized a consortium of white knight investors to fend off the takeover attempts. With the introduction of Wells and Eisner, Roy returned to the company as vice chairman and chairman of the animation department, which became Walt Disney Feature Animation.[7]

Partnership with Eisner

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Disney in 2007

During the late 1980s and throughout the 1990s, Disney's department produced a number of commercially successful and critically acclaimed films, an era which has been called the "Disney Renaissance". The Lion King, for instance, garnered nearly $1 billion[8] following its release in the summer of 1994[9] and was the second-highest-grossing film of the year. Despite this, Disney experienced a marked decline in profits beginning in the late 1990s as it expanded into lower-grossing, though still profitable direct-to-video spin-offs and sequels.

Disney was concerned about Jeffrey Katzenberg taking too much credit for the success of Disney's early 1990s releases.[7][10] When Frank Wells died in a helicopter crash in 1994,[11] Michael Eisner refused to promote Katzenberg to the vacated position of president. Eisner recalled, "Roy [Walt Disney's nephew and a force on Disney's board who Eisner says "could be a troublemaker"], who did not like him at all — I forget the reason, but Jeffrey probably did not treat him the way that Roy would have wanted to be treated — said to me, 'If you make him the president, I will start a proxy fight.'"[12] Tensions between Katzenberg, Eisner and Disney resulted in Katzenberg's resignation from the company that October. Katzenberg launched a lawsuit against Disney to recover money he felt he was owed and settled out of court for an estimated $250 million.[13]

On October 16, 1998, in a surprise presentation made at the newly unveiled Disney Legends Plaza at the company's headquarters, Eisner presented Disney with the Disney Legends Award. Disney's pet project was the film Fantasia 2000, a sequel to his uncle's 1940 animated movie Fantasia. Walt Disney had planned a sequel to the original movie, but it was not finally released until December 17, 1999, after nine years of production under Disney. Like its predecessor, the film combined high-quality contemporary animation and classical music, but also suffered at the US box office.[citation needed]

Second "Save Disney" campaign (2003–2005)

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After relations with Eisner began to sour, Disney's influence began to wane as important executive posts were filled by those friendly to Eisner. When the board of directors rejected Disney's request for an extension of his term as a member, he announced his resignation on November 30, 2003, citing "serious differences of opinion about the direction and style of management" in the company. He issued a letter criticizing Eisner's alleged mismanagement, neglect of the studio's animation division, failures with ABC, timidity in the theme-park business, corporate mentality in the executive structure turning the Walt Disney Company into a "rapacious, soul-less" conglomerate, and refusal to establish a clear succession plan.[14]

After his resignation, Disney helped establish the website SaveDisney.com, intended to oust Michael Eisner and his supporters from their positions and revamp the Walt Disney Company. On March 3, 2004, at the company's annual shareholders' meeting, a surprising 43% of shareholders, predominantly rallied by Disney and fellow former board member Stanley Gold, voted to oppose the re-election of Eisner to the corporate board of directors. This vigorous opposition, unusual in major public corporations, persuaded the board to replace Eisner as chairman with George J. Mitchell; he did, however, remain as chief executive. This "Save Disney" campaign regarded Mitchell himself unfavorably, and in the same election, 25% of shareholders opposed Mitchell's re-election to the board.

As criticism of Eisner intensified in the wake of the shareholder meeting, his position became increasingly tenuous, culminating on March 13, 2005, with the announcement of Eisner's resignation as CEO effective September 30, one year before his contract would expire. On July 8, Roy and the Walt Disney Company agreed to "put aside their differences." Roy rejoined the board as a nonvoting director emeritus and consultant. Roy and Gold consequently shut down their SaveDisney.com website effective August 7 that year.

As announced, on September 30, Eisner resigned as both chief executive and a member of the board. Severing all formal ties with the company, he waived his contractual rights to perks such as use of a corporate jet, a Gold Pass, and an office at the company's Burbank headquarters. Bob Iger, Eisner's long-time lieutenant who had been effectively running the company, now assumed the title of CEO. One of Roy Disney's stated reasons for engineering his second "Save Disney" initiative had been Eisner's well-publicized disputes with long-time production partner Pixar Animation Studios and its CEO Steve Jobs, with whom Disney had produced such animated hits as Toy Story, Monsters, Inc., and Finding Nemo, which were critically acclaimed and financially successful for both partners. Iger quickly repaired the estrangement, and on January 24, 2006, the company announced the acquisition of Pixar in an all-stock deal worth $7.4 billion. This deal made Jobs, best known as co-founder and CEO of Apple, Inc, Disney's largest shareholder with 7% of all outstanding shares and gave him a new seat on Disney's board of directors. Eisner, who retained 1.7% of shares, became Disney's second-largest shareholder, followed by Roy Disney, with 1% of shares. Disney's second "Save Disney" campaign against Eisner was chronicled by James B. Stewart in his best-selling book DisneyWar.

Other work

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Personal life

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Disney held several sailing speed records, including the Los Angeles to Honolulu monohull time record. He set it on his boat Pyewacket in July 1999 (7 days, 11 hours, 41 minutes, 27 seconds).[19]

On January 19, 2007, after beginning a relationship with Leslie DeMeuse, Disney (then 77 years old) filed for divorce from his wife, Patricia (then 72), citing "irreconcilable differences", according to court documents. The couple, married 52 years, had been living apart, according to the Los Angeles County Superior Court filing. They had four adult children, Abigail Disney, Susan Disney Lord, Tim Disney (a documentary film producer),[20][21][22][23] and Roy Patrick Disney (step-father of Charlee Corra).[24]

In 2008, Disney married DeMeuse, a CSTV producer, and Emmy winner of various sailing documentaries.[citation needed]

Death

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Disney died of stomach cancer on December 16, 2009, 43 years after his uncle died, and 4 days shy of 38 years after his father's death, at Hoag Memorial Hospital in Newport Beach, California. He was 79 years old, and had been battling the disease for over a year. He was cremated after his funeral service, and his ashes were scattered into the Pacific Ocean.[1]

Honors

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On January 4, 1998, Pope John Paul II made Disney a Knight Commander of the Pontifical Order of St. Gregory the Great.[25]

On January 1, 2000, Disney participated as the grand marshal of the 111th Rose Parade.[26]

On April 26, 2008, Disney received an honorary doctorate from the California Maritime Academy "for his many contributions to the state and the nation, including international sailing."[4]

The animation studio building at the Walt Disney Studios, in Burbank, California, was rededicated as the "Roy E. Disney Animation Building" on May 7, 2010.[27]

See also

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References

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  1. ^ a b Chmielewski, Dawn C.; Bates, James (December 17, 2009). "Roy Edward Disney dies at 79; nephew of Walt helped revive animation". Los Angeles Times. Archived from the original on August 12, 2018. Retrieved May 31, 2019.
  2. ^ "Shamrock holding 1% of Disney Stock, USA Today, December 2003". Archived from the original on May 6, 2019. Retrieved April 30, 2008.
  3. ^ "#645 Roy Disney". Forbes. Archived from the original on May 3, 2007. Retrieved December 16, 2009.
  4. ^ a b "Roy E. Disney is 2008 Cal Maritime Commencement Speaker". Press Release. California Maritime Academy. March 18, 2008. Archived from the original on September 9, 2015. Retrieved April 19, 2018.
  5. ^ "2002 Newport Bermuda Race Prizegiving" (PDF). Archived from the original (PDF) on April 12, 2022.
  6. ^ Schneider, Mike (November 4, 1999). "Nephew Is Disney's Last Disney". The Seattle Times. Archived from the original on July 26, 2011. Retrieved December 17, 2009.
  7. ^ a b Hahn, Don (2009). Waking Sleeping Beauty (Documentary film). Burbank, California: Stone Circle Pictures/Walt Disney Studios Motion Pictures.
  8. ^ "The Lion King (1994) - Box Office Mojo". boxofficemojo.com. Archived from the original on May 17, 2009. Retrieved February 19, 2020.
  9. ^ "1994 Yearly Box Office Results - Box Office Mojo". boxofficemojo.com. Archived from the original on September 22, 2019. Retrieved February 19, 2020.
  10. ^ Stewart 2005, pp. 160–186
  11. ^ "Frank Wells, Disney's President, Is Killed in a Copter Crash at 62". The New York Times. April 5, 1994. Archived from the original on June 5, 2010. Retrieved May 6, 2010.
  12. ^ "Michael Eisner on Former Disney Colleagues, Rivals and Bob Iger's Successor". The Hollywood Reporter. July 27, 2016. Archived from the original on October 6, 2016. Retrieved February 19, 2020.
  13. ^ Stewart, James B. (2005). DisneyWar. Simon & Schuster. ISBN 0-684-80993-1.
  14. ^ McCarthy, Michael (December 2, 2003). "War of words erupts at Walt Disney". USA Today. Archived from the original on September 6, 2008. Retrieved December 17, 2009.
  15. ^ "CalArts: Officers & Trustees". Archived from the original on April 20, 2008.
  16. ^ "House of Mouse Episode Clip--Roy Disney". YouTube. Archived from the original on December 11, 2021.
  17. ^ Disney, R. Edward., Gordon, S., Bradbury, R., Mantegna, Joe., Morales, Esai., Olmos, E. James., Collins, C., Sierra, Gregory., Torres, Liz., Ortega, Mercedes., Morris, H., Vidal, Lisa., Moroff, Mike., & Caesar, S. (1999). The wonderful ice cream suit  / produced by Roy Edward Disney and Stuart Gordon ; screenplay by Ray Bradbury ; directed by Stuart Gordon. Touchstone Home Video.
  18. ^ Holson, Laura M (August 18, 2002). "As Disney Loses Steam, Insider Loses Patience". The New York Times. Archived from the original on September 6, 2016. Retrieved September 6, 2016.
  19. ^ McCormick, Herb (July 1, 2001). "Transpac Is Amusing to Disney". The New York Times. Archived from the original on September 17, 2008. Retrieved May 22, 2010.
  20. ^ "Tim Disney". Rotten Tomatoes. Retrieved September 25, 2022.
  21. ^ "Charmaine Jefferson will take over as chair of CalArts, replacing Tim Disney". Los Angeles Times. May 13, 2022. Retrieved September 25, 2022.
  22. ^ "Photos: My Favorite Room: Director Tim Disney takes a page out of grandma's kitchen". Los Angeles Times. Retrieved September 25, 2022.
  23. ^ "Roy E. Disney files for divorce in LA to end 52-year marriage". The Mercury News. January 19, 2007. Archived from the original on January 25, 2007. Retrieved September 1, 2019.
  24. ^ Johnson, Christen A. (April 12, 2022). "Disney Heir Charlee Corra Came Out Publicly as Trans and Condemned Florida's Anti-LGBTQ+ Law". Cosmopolitan. Retrieved July 2, 2022.
  25. ^ DART, JOHN (January 3, 1998). "Pope Honors Rupert Murdoch, Roy Disney, Bob Hope". Archived from the original on March 3, 2016. Retrieved February 19, 2020 – via LA Times.
  26. ^ Winton, Richard (June 24, 1999). "Roy Disney to Head Rose Parade". Los Angeles Times. Archived from the original on May 6, 2022. Retrieved April 19, 2018.
  27. ^ "Out of the Loop: Animation building in California dedicated to Roy E. Disney". Attractions Magazine. May 12, 2010. Archived from the original on May 9, 2019. Retrieved May 9, 2019.
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