This has been a year of milestones for all of us at Disney. I am honored to step into the role of CEO, confident in our team and excited by the possibilities before us. We must continue to cultivate a culture of creativity, to move boldly and to take the intelligent risks necessary for innovation, growth and success in the future. A future that, as always, will be propelled by the power of Disney's creative spirit.
Robert A. Iger
President and Chief Executive Officer,
The Walt Disney Company
December 14, 2005
