Eisner resigns seat on Disney board of directors

Eisner resigns seat on Disney board of directors

[JURIST] Although he was expected to stay on until September 2006 [JURIST report], former Disney Chairman Michael Eisner [BBC profile] has cut all ties with Walt Disney Co. [corporate website; JURIST news archive] according to a document filed Thursday with the US Securities and Exchange Commission [official website]. Eisner stepped down as chief executive last week, but the filing says he also resigned his seat on the company's board of directors on his last day as CEO. Under his employment contract, Eisner was entitled to stay on as a consultant but will not do so. Disney President and Chief Operating Officer Robert Iger [corporate profile] took over the company on October 1. USA Today has more.