Walt Disney board extends Iger's contract as Chairman and CEO through June 2018

[Kingoglow]

Walt Disney board extends Iger's contract as Chairman and CEO through June 2018

http://www.cnbc.com/id/102049494

 

[muteki]

 

[COProgressFan]

Uh oh ....

 

[BrerJon]

Tom Staggs won't be pleased.

 

[steve2wdw]

So the reign of mediocrity continues....

 

[Oriolesmagic]

Doesn't really surprise me. A lot of the projects that seem to be getting started under Iger have an ETA of being completed around 2018.

 

[Next Big Thing]

Well he can't be MLB Commish anymore so might as well stay on as CEO of one of the biggest media conglomerates in the world, right?

 

[Sped2424]

I am guessing he is waiting for
Shanghai, Avatar Land, Star wars land?, Frozen on broadway or the sequel which ever comes out first. That slimy fish. To be honest though what's the next guy going to bring to the table?

 

[Phil12]

Well he can't be MLB Commish anymore so might as well stay on as CEO of one of the biggest media conglomerates in the world, right?

I would think the NFL would love to have him.

 

[wdwmagic]

More details at http://www.wdwmagic.com/other/walt-...tion-as-chairman-and-ceo-for-a-third-time.htm

 

[IowaHawks7]

Maybe this just means the board hasn't found the right person to replace him? Iger has brought huge profits to the company and the board likes to see that. After the first two extensions I felt this was kindve inevitable. If Iger really wanted to leave he would just resign himself.

 

[DisUniversal]

That should give him time to finish what he started...the downfall of WDW.

 

[Mike S]

That should give him time to finish what he started...the downfall of WDW.

Probably also to be there for the inevitable success of Star Wars.

 

[Ranch Dressing]

Great news for the company and stock holders.

 

[DisUniversal]

Great news for the company and stock holders.

Perhaps for those not in it for the long haul. Short term profits at the expense of the future.

 

[SirLink]

Tom Staggs won't be pleased.

Well it wasn't like he or Rassulo was going to get the job.

But could the Board actually force that deleterious creep out to the place he belongs ... politics.

 

[Tod&BigMamaOdie]

Somewhat surprised this wasn't announced on a late Friday afternoon...

 

[Hakunamatata]

 

[WDWResort]

Was Staggs next in line?

 

[danlb_2000]

Interesting to see a noticeable spike in stock trading volume right when this was announced.