July 8, 2005
Disney, Gold, and Disney Kiss and Make Up

The InsidEar is proud to share with you the following unedited press release, which will be released in its final form by both Save Disney and The Want Disney Company later today:

JOINT STATEMENT FROM THE WALT DISNEY COMPANY AND ROY E. DISNEY AND STANLEY P. GOLD

BURBANK, Calif. (July 8, 2005) -- The Walt Disney Company, Roy E. Disney and Stanley P. Gold announced today that they have agreed to put aside the differences that have characterized their relationship over the past several years. Messrs. Disney and Gold have agreed not to run a rival slate of directors, submit shareholder resolutions, whip up frenzy among the Disney faithful, or point out anything embarrassing about company executives for the next five years. Messrs. Disney and Gold have also agreed to dismiss all their pending lawsuits against the Company, including the one about Michael Eisner's cost-cutting executive washroom toilet paper rationing scheme.

In reestablishing ties with him and his family, the Company has named Roy E. Disney Director Emeritus Per Dieum and Consultant Quid Pro Quo. The Company also reaffirmed its commitment to stick to its own Corporate Governance Guidelines and avoid hiring anyone else who thinks he will be dictator for life. In putting aside their differences, the Company noted Mr. Disney's long time devotion to the Company and the significant contribution of his ancestors, and welcomed the reestablishment of a relationship with him and his family, particularly his wife, who is an excellent cook.

Messrs. Disney and Gold expressed confidence in Mr. Iger's ability to think for his own after a suitable period of adjustment away from the corrupting influence of his predecessor, and as Mr. Eisner retires after 21 years with the Company, they acknowledged his contribution to the Company many, many years ago.

We were able to discuss this surprising announcement with a Save Disney spokesperson and learned a few interesting additional facts.

InsidEar: So, why the sudden change of heart on the part of Save Disney?

Save Disney: It was Eisner's book Camp that did it. Not that we read it, but we'd heard that it had sold only a few hundred copies after a quarter-of-a-million copy print run. That's just sad. Here this man is at the low point of his career and publishes a book about his happy childhood and nobody cares. We don't either, but it's sort of like when you get beaten up by the stupid, ugly kid at school who used to be your best friend, and then you find out that it's because he has brain cancer. You can't really be mad at him anymore, just sad.

IE: What changes do you expect in the management of The Walt Disney Company in the near future.

SD: It is our deepest hope that with Mr. Disney back working with the company, the sense of wonder and innovation will return. Mr. Iger's announcement that he will discontinue his predecessor's practice of putting mind-control drugs in company cafeteria food indicates an addititional potential for change.

IE: So, now that things have changed a bit, will Save Disney still quote us when we publish funny condescending remarks at Eisner's expense?

SD: Not a chance.