News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[Tom P.]

So Bob knows we're about to have another pandemic?

 

[LSLS]

I was watching a podcast that was speculating as to why the rush for Bob to leave now. One thought was that there is something in some files that were recently released that may have been not so favorable to Bob and the company would prefer he was gone. The other thought was that this has happened before when Covid hit and closed down everything. Bob had retired about a month or so before and the podcaster was saying this feels very similar. The two could be linked as well. We shall see....... Marie

Eh, disagree there. He retired like that day out of the blue when all that stuff was hitting. If we are going into reasons outside of just wanting to be done, I do think the idea that the summer is not looking good makes a lot of sense. Or real conspiracy, could be this quarter is looking really bad and he wants out before those numbers hit.

 

[wannabeBelle]

Eh, disagree there. He retired like that day out of the blue when all that stuff was hitting. If we are going into reasons outside of just wanting to be done, I do think the idea that the summer is not looking good makes a lot of sense. Or real conspiracy, could be this quarter is looking really bad and he wants out before those numbers hit.

Quite possibly. The basically jist of the discussion was that Bob knows something is up and he wants out like NOW. Marie

 

[djkidkaz]

I think Josh will be great for the parks. He definitely has some level of knowing what the theme park fan community wants. It’s not coincidence that we are getting a villain’s land and a monsters inc door coaster which had been talked about for like 20 years.

 

[Dranth]

I was watching a podcast that was speculating as to why the rush for Bob to leave now. One thought was that there is something in some files that were recently released that may have been not so favorable to Bob and the company would prefer he was gone. The other thought was that this has happened before when Covid hit and closed down everything. Bob had retired about a month or so before and the podcaster was saying this feels very similar. The two could be linked as well. We shall see....... Marie

The only mention in those files according to the summary on google was from a disgruntled investor who, in exchange for "information", wanted a favor from the DoJ involving going after Disney to settle a grudge (100% wild guess, but I am going with Peltz or Perlmutter). Other than that, nothing.

Who knows though, there certainly are a lot of people who protested and denied a good bit that turned out to be full of it and even more that few would have pegged as being in there directly and yet they were.

Anyway, just my guess, but I think a big part of this is him looking at the politics you have to play as a business to avoid a target on your back and just didn't want to deal with it. Combine that with the increasing risk of a recession, and he likely thought it was just a good time to get out.

 

[Disney Irish]

The only mention in those files according to the summary on google was from a disgruntled investor who, in exchange for "information", wanted a favor from the DoJ involving going after Disney to settle a grudge (100% wild guess, but I am going with Peltz). Other than that, nothing.

Who knows though, there certainly are a lot of people who protested and denied a good bit that turned out to be full of it and even more no one would have pegged as being in there directly and yet they were.

Anyway, just my guess, but I think a big part of this is him looking at the politics you have to play as a business to avoid a target on your back and just didn't want to deal with it. Combine that with the increasing risk of a recession, and he likely thought it was just a good time to get out.

To add to that, if it was really about all that he would be leaving immediately and not next month, and then wouldn't be sticking around in an advisory role for the next 10 months.

 

[DCBaker]

A note from Bob Iger to D23 Members:

 

[Andrew C]

Combine that with the increasing risk of a recession

US recession odds have fallen over the last 4 months. And are way off April's high.

 

[Andrew C]

A note from Bob Iger to D23 Members:

View attachment 906672

A nice feel-good letter.