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Bob Iger Bans Top Analyst and His Firm
- Thread starter WDW1974
- Start date
I don't agree with the first part. Disney has some major foundational issues that will eventually, likely long after Bob Iger is gone, which will come home to roost. But I think going for the GOTCHA! Disney to Enron comparison is too hyperbolic and winds up harming the argument more than helping.
But your second point is 100% accurate. If Iger had/has a problem with Rich Greenfield (who I know is highly -- highly -- respected), then he answers the criticism with valid answers and his stock price/results. And, yes, nothing wrong with taking a little shot on an earnings call.
I can tell you that what Bob has done here is pretty unprecdented in the history of the Disney Co. And one must wonder how tightly is our news controlled that no one who covers Disney in the media will write about this. Where are the stories? Because whether you get it or not, this is huge news.
I sorta believe that's my 'role' here ... to bring important things to the attention of people who might otherwise miss it while ranting on about how great a value Chef Mickey's would be for their kids at $250 a person.
Do you have anything of value to add or was that it?
You obviously understand high finance and the job of Wall Street analysts ...
No, I think Iger wants to be God. Really.
But he wants what every American CEO wants: to be able to control the narrative surrounding him and his company 100%. It's OK to want that. It's totally another to do unethical things to achieve those goals.
I think Rich (who is very wealthy on his own) wants to do the best job possible for his firm and clients. And that meant calling Bob on ESPN and downgrading the stock just as Star Wars Insanity kicked into high gear.
My guess is that DIS is ... nevermind
Ok, so I lied about it being my last post. No one is ranting about how great a value Chef Mickey's is, even before the price increase. Most are saying that they go because their kids want to go, so they suck up the cost.
As far as the other. Please. Analysts do nothing more than try to manipulate stocks for the purpose of making the financial institutions that they either work for or represent, the most money they possibly can in the shortest amount of time. They couldn't care one whit about the long term health of ANY publicly traded company. I don't believe ANY analyst should be allowed any kind of "insider" information. I don't care how highly respected he may be either. ALL of them, just like yourself here, make claims based on nothing more than you wanting to rile everyone up (such as the 50% buffet price increase thread) and analysts do the same every single day. Doesn't matter that you reported it as only a rumor, look at all the responses you received since everything you say here is pretty much treated as fact. You have been right on with so many things, that even the slightest "rumor" from you is treated like the second coming. Financial analysts do the same thing. They make "predictions" based on their "expert" knowledge, and all of a sudden, a companies stock goes down 5 points. The people the analyst were working for make a killing on shorting the stock, and then all of a sudden, the rumor isn't true, and things go back to normal until the next report. Rinse and repeat.
Thread police. GO AWAY! This has everything to do with WDW and Disney leadership ...I am sorry that you'd rather talk about what's going to open in Star Wars Land in 2022 ... this is far, far more important ... so go find a thread that suits you better.
ford91exploder
Resident Curmudgeon
On the first part fair enough though you need a large cluebat to drive the point home through the clouds of pixie dust, I'm in the tech industry and one simply does NOT deny coverage to analysts who don't like your story unless you have something to hide as the analysts who cover tech generally love you one day and hate you the next and love you again next week and it's considered at least in my industry a giant red flag if you 'ban' an investment analyst
Now that being said it does not alter my opinion that wall st operates like a casino these days.
wannabeBelle
Well-Known Member
Interesting....Following along. Marie
Bob essentially is demanding that all journalists and analysts (naturally, he has the fans because HE BOUGHT MARVEL!!!!!!! AND LUCAS!!!!!!) simply kowtow to him and put out only Zenia Mucha approved spin.
ABQ
Well-Known Member
Greenfield was able to ask a question on earnings "every few years" by his own claim. So it's not as if he led the conference calls and he's still able to rate the stock every quarter, regardless of being a call participant. I'm not saying this is merely sour grapes, but I also can't claim TWDC is manipulating the market by not inviting him to the opening in Shanghai.
the.dreamfinder
Well-Known Member
If this ends as badly as it could, those aspirations will be going down the toilet.
Allot of people rag on big oil, big pharma, big tobacco, big whatever. But big media is just as culpable when it comes to driving a narrative.
FigmentForver96
Well-Known Member
At this point I wonder if he even cares. I mean he knows he is almost done so he is just trying to leave with his golden parachute and bounce.
ford91exploder
Resident Curmudgeon
ABQ
Well-Known Member
Certainly I do not think it is merely a result of him being snubbed from a the Shanghai opening, but seeing as he is still 100% able to report on the stock, I do not believe it is as big a deal as others. He was not able to be a fly on the wall at board meetings, was he? I mean, if RBC is, while he is not, then ok.
ABQ
Well-Known Member
I read the article and noted this line was in the article I read.
Since that conversation with Singer, Disney has snubbed the analyst, refusing to respond to his phone call requests, stopped answering emails, and refused to invite him to management sponsored events like the ABC Upfront and this weekend’s opening of Shanghai Disneyland.