Shares of the Walt Disney Co. (DIS) - Get Report dropped less than 1% in after-hours trading Tuesday after Pixar co-founder John Lasseter said he would take "a six-month sabbatical" after unspecified "missteps" that made some staffers feel "disrespected or uncomfortable," the New York Times reported.
"I especially want to apologize to anyone who has ever been on the receiving end of an unwanted hug or any other gesture they felt crossed the line in any way, shape or form," Lasseter wrote in an email to employees of Pixar, Disney's animation unit, according to the Times. "No matter how benign my intent, everyone has the right to set their own boundaries and have them respected," Lasseter said in his email, according to the Times' report.
A Disney executive said: "We are committed to maintaining an environment in which all employees are respected and empowered to do their best work," according to the Times. "We appreciate John's candor and sincere apology and fully support his sabbatical."
Pixar, based in Emeryville, Calif., just outside San Francisco, was acquired by Disney in 2006 for $7.4 billion. Its largest shareholder prior to its sale to Disney was Steve Jobs, then CEO of Apple Inc. (AAPL) - Get Report . Jobs, who was professionally and personally close to Lasseter, died in 2011.
Pixar has produced many popular movies, including "Toy Story," "Finding Nemo," "Up" and "Inside Out." Its latest release, arriving in theaters this week, is "Coco."
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This article was written by a staff member of TheStreet.