Pete (Disney) Pete (Disney) Pete (also called Peg-Leg Pete, Pistol Pete and Black Pete, among other names) is an anthropomorphic cartoon character created in 1925 by Walt Disney and Ub Iwerks. He is a character of The Walt Disney Company and often appears as a nemesis and the main antagonist in Mickey Mouse universe stories. He was originally an anthropomorphic bear but with the advent of Mickey Mouse in 1928, he was defined as a cat. Pete is the oldest continuing Disney character, having debuted three years before Mickey Mouse in the cartoon "Alice Solves the Puzzle" (1925). Pete appeared in 67
The Walt Disney Company studios, particularly the works of Don Bluth, who defected from Disney in 1979. By the early 1980s, the parks were generating 70% of Disney's income. In 1984, financier Saul Steinberg's Reliance Group Holdings launched a hostile takeover bid for Walt Disney Productions, with the intent of selling off some of its operations. Disney bought out Reliance's 11.1% stake in the company. However, another shareholder filed suit claiming the deal devaluated Disney's stock and for Disney management to retain their positions. The shareholder lawsuit was settled in 1989 for a total of $45 million from Disney and Reliance. With the Sid