December 20, 1971 – Burbank, CA
Roy O. Disney, Walt's older brother and lifelong business partner, and co-founder of Walt Disney Productions, passes away at the age of 78 from a cerebral hemorrhage. Roy served as the company's Chief Executive Officer (1929–1971) and President (1945–1971). While Walt was the creative man, Roy was the one who made sure the company was financially stable - and it was Roy who made sure that Walt’s last dream came to fruition. Roy made sure that the company pressed forward with Disney World, but even taking it a step further and renaming the project Walt Disney World so that the world would always remember whose dream it truly was. With both Disney brothers gone, the board of directors for the first time will have to turn outside the Disney family for leadership.