Roy Disney died today at the age of 79.

Walt's nephew will likely be best remembered (around these parts, at least) as a full-time dissident director.  Just a few years ago, he led a revolt against Michael Eisner that culminated in a 45% withhold vote against Eisner's candidacy for re-election to the board.  This result shows Roy's relative power and influence - the Disney election played a significant role in the adoption of a majority voting standard for director elections at many companies.  It also demonstrates the relative lack of power of shareholders to influence corporate governance directly - Eisner was re-elected, and a 99% withhold vote wouldn't have altered that outcome.

Over the next few weeks, I look forward to sharing my thoughts with you about corporate governance, the role of law in director decision-making, and whatever else strikes my fancy.  As a born-and-bred New Orleanian, I am also excited to serve as a cyber-tour guide and resource for those of you coming down here in a few weeks for AALS.

Thanks to Gordon, Christine, and the rest of the gang for having me!

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