According to Variety, Michael Eisner, embattled CEO of The Walt Disney Company, submitted an "effusive two-page [resgnation] letter" on Sunday to the company's board. In the letter, Eisner stated that he'll step down on September 30 of this year, twelve months before the end of his current contract. Eisner, who has served as Disney CEO for 20-something years, acknowleged that Disney President/COO Bob Iger will replace him. "Beginning October 1," Eisner wrote, "I expect to clean off my hiking boots, restock my Mickey Mouse backpack and start surveying some of the other peaks that are on the horizon." 
categories Movies, Cinematical