Roy Disney resigns from Disney, slams Eisner

Roy Disney has resigned from the Disney Board of Directors, and has sent a scathing email to Michael Eisner explaining, in exorciating detail, exactly why he's leaving the company his uncle founded.

1. The failure to bring back ABC Prime Time from the ratings abyss it
has been in for years and your inability to program successfully the ABC
Family Channel. Both of these failures have had, and I believe will continue
to have, significant adverse impact on shareholder value.

2. Your consistent micro-management of everyone around you with the
resulting loss of morale throughout the Company.

3. The timidity of your investments in our theme park business. At
Disney's California Adventure, Paris and now in Hong Kong, you have tried to
build parks "on the cheap" and they show it and the attendance figures
reflect it.

Link

(Thanks, Robynne!)