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October 06, 2005

Eisner Resigns From Disney Board Michael Eisner, who stepped down last week as chief executive of The Walt Disney Co., has resigned his seat on the company's board of directors, Disney said Thursday. Eisner and the company have severed all ties in a surprise move that means he will not serve as a consultant as he had been entitled to do under his employment agreement. Eisner "no longer provides any services" for Disney, the company said in a filing with the Securities and Exchange Commission. Eisner resigned from the board on Sept. 30, his last day as CEO, according to the filing. Disney's former president and chief operating officer, Robert Iger, succeeded Eisner the next day. Eisner, who led the media and theme park company for 21 years, had been expected to remain on the board until next spring when Disney elected a new board.

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