Bob Iger is worse than Michael Eisner ever was - A Discussion on Brand Withdrawal

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mlayton144

Well-Known Member
BrianLo said:
Iger did actually leave on his own terms for the most part (we think), and mostly considered at the top by the industry as a whole. Eisner's departure was an embarrassment.
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I think the more time that passes the worse Iger looks. Let’s be real here , he ran away from his job while the company is on the edge of a cliff - maybe even the biggest threat to its existence in its entire history ; sorry from the outside this smells of cowardice
 
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celluloid

Well-Known Member
It is weird how he saw the writing on the wall with the asian parks when they closed in Jan, and as things got worse, he was gone from the position effective immediately, when the plan was released that the company CEO's would be donating half of their salary(which meant less if he was not in the position of CEO) to keep empoloyees to soften the furloughs that came in masses starting the next week, after all that, he is presuming more of the CEO role again. Weird huh? I am not saying he knew everything, no one could have, but he had a smart move game plan to lose the least amount of his money and title as possible.
 
Disney Irish

Disney Irish

Premium Member
celluloid said:
It is weird how he saw the writing on the wall with the asian parks when they closed in Jan, and as things got worse, he was gone from the position effective immediately, when the plan was released that the company CEO's would be donating half of their salary(which meant less if he was not in the position of CEO) to keep empoloyees to soften the furloughs that came in masses starting the next week, after all that, he is presuming more of the CEO role again. Weird huh? I am not saying he knew everything, no one could have, but he had a smart move game plan to lose the least amount of his money and title as possible.
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Why would you think Iger was getting additional money out of this? Iger gave up all his salary during this. He also didn't take back the CEO title, nor did he sign a new contract to become the permanent CEO again. He just took back the responsibilities, for now its temporary. Also Chapek hasn't left the company and still have the CEO title and pay (half pay), at least for now.
 
Phroobar

Phroobar

Well-Known Member
Disney Irish said:
Why would you think Iger was getting additional money out of this? Iger gave up all his salary during this. He also didn't take back the CEO title, nor did he sign a new contract to become the permanent CEO again. He just took back the responsibilities, for now its temporary. Also Chapek hasn't left the company and still have the CEO title and pay (half pay), at least for now.
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Just like when Jar Jar gave emergency powers to Chancellor Palpatine.
 
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celluloid

Well-Known Member
Disney Irish said:
Why would you think Iger was getting additional money out of this? Iger gave up all his salary during this. He also didn't take back the CEO title, nor did he sign a new contract to become the permanent CEO again. He just took back the responsibilities, for now its temporary. Also Chapek hasn't left the company and still have the CEO title and pay (half pay), at least for now.
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Firstly, I never said anything about Chapek leaving the company. The plan is still for him to be CEO.

If Iger would have kept his CEO title during that donation, he would have been out millions more. Giving up all of his demoted salary, and while it is nice that they gave their salary, it is not where Iger or other big execs make most of his income. Stock and bonuses are always easier money.
You know what half of what Iger would have given up if he would have been in that position vs what he was able to bail with and buy back in stock?
I am not saying it is not a game to be played in a rough time, but I cannot look the other way and say there were not some selfish reasoning going on there. What level is for people themselves to decide.
 
Disney Irish

Disney Irish

Premium Member
celluloid said:
Firstly, I never said anything about Chapek leaving the company. The plan is still for him to be CEO.

If Iger would have kept his CEO title during that donation, he would have been out millions more. Giving up all of his demoted salary, and while it is nice that they gave their salary, it is not where Iger or other big execs make most of his income. Stock and bonuses are always easier money.
You know what half of what Iger would have given up if he would have been in that position vs what he was able to bail with and buy back in stock?
I am not saying it is not a game to be played in a rough time, but I cannot look the other way and say there were not some selfish reasoning going on there. What level is for people themselves to decide.
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I'm guessing you don't look too closely or at all at the 8-K SEC filings. If you did you'd know what you just posted is absolutely false.

What is all his stock grants and bonuses tied to? Oh yeah that's right, company performance. Where is the company performance right now due to COVID19? Oh yeah that's right, in the toilet due to the company being effectively shut down. So I know that people like to have this conspiracy theory that Iger jumped ship in order to make money, well sorry but that is wrong. Iger is not sitting there scheming some evil plan in order to rake in more money.

Also insider stock purchase and sales as monitored very very closely. So if Iger was profiting off of this you'd expect a large shareholder lawsuit to have been filed already.

But hey I know we all need a villain during this time so why not Iger..... :rolleyes:
 
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celluloid

Well-Known Member
Disney Irish said:
I'm guessing you don't look too closely or at all at the 8-K SEC filings. If you did you'd know what you just posted is absolutely false.

What is all his stock grants and bonuses tied to? Oh yeah that's right, company performance. Where is the company performance right now due to COVID19? Oh yeah that's right, in the toilet due to the company being effectively shut down. So I know that people like to have this conspiracy theory that Iger jumped ship in order to make money, well sorry but that is wrong. Iger is not sitting there scheming some evil plan in order to rake in more money.

Also insider stock purchase and sales as monitored very very closely. So if Iger was profiting off of this you'd expect a large shareholder lawsuit to have been filed already.

But hey I know we all need a villain during this time so why not Iger..... :rolleyes:
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Roll your eyes, it really validates your argument and class and point to name calling that did not happen.
I so never said he was not trying to make more money by doing things the way he did, but more so not lose as much as he could have.
Typically when a company is in trouble moves like this are done to buy back stock to inflate it and keep the shareholders. This was the move with furlough and using their resources to inflate the stock. I never said it was the worst choice or choices, but that is why Disney Stock has gone up slowly from what it was the last few weeks. It was not without selfish reasoning that he left immediately knowing the entertainment world would do something similar to what China started doing weeks before.
 
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Disney Irish

Disney Irish

Premium Member
celluloid said:
Roll your eyes, it really validates your argument and class and point to name calling that did not happen. Typically when a company is in trouble moves like this are done to buy back stock to inflate it and keep the shareholders. This was the move with furlough and using their resources to inflate the stock. I never said it was the worst choice or choices, but that is why Disney Stock has gone up slowly from what it was the last few weeks. It was not without selfish reasoning that he left immediately knowing the entertainment world would do something similar to what China started doing weeks before.
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Disney hasn't initiated stock buybacks though. So not sure where you got this information from. So there isn't an inflating of the stock by Disney right now.

What is typical isn't typical this time around. Stock has gone up for a couple reasons, 1. the overall pandemic outlook is starting to look more positive for a possible reopening sooner rather than later, 2. Disney+ Subs came in a lot stronger than predicted, 3. DIS is tracking along with the rest of the overall market, its why its down today with the rest of the market.

So you know for sure he left for selfish reasons, or are you making an assumption to promote your narrative?
 
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celluloid

Well-Known Member
The stock buybacks have not yet, but keeping shareholders happy and, furloughing as many as they did.
All business decisions, they were not evil acts as you seem to be focused on acusing me of saying; just as they are not pure selfless hero acts as some are proclaiming them to be either. The fact is, they are not idiots and they knew the parks would have to close in the weeks leading up to this with the way things were going overseas in Asia. Those parks and public life changed in Jan big time for the industry they are over. They had a plan I'm place that would benefit him and Chapek, that is why all of that happened so fast in February, less than two weeks before Walt Disney Parks and movie theaters were losing down.
The facts speak for themselves, without eyerolls, rehetoric you have provided and going on some witch hunt for people who called Bob Iger am evil schemer.
 
Disney Irish

Disney Irish

Premium Member
celluloid said:
The stock buybacks have not yet, but keeping shareholders happy and, furloughing as many as they did.
All business decisions, they were not evil acts as you seem to be focused on acusing me of saying; just as they are not pure selfless hero acts as some are proclaiming them to be either. The fact is, they are not idiots and they knew the parks would have to close in the weeks leading up to this with the way things were going overseas in Asia. Those parks and public life changed in Jan big time for the industry they are over. They had a plan I'm place that would benefit him and Chapek, that is why all of that happened so fast in February, less than two weeks before Walt Disney Parks and movie theaters were losing down.
The facts speak for themselves, without eyerolls, rehetoric you have provided and going on some witch hunt for people who called Bob Iger am evil schemer.
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Yeah sorry but I don't see Disney doing any stock buyback anytime soon, at least not during the pandemic. Maybe in 2-3 years sure, but not before then.

But you believe whatever you wish.... :cool:
 
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manmythlegend

Well-Known Member
Disney Irish said:
Why would you think Iger was getting additional money out of this? Iger gave up all his salary during this. He also didn't take back the CEO title, nor did he sign a new contract to become the permanent CEO again. He just took back the responsibilities, for now its temporary. Also Chapek hasn't left the company and still have the CEO title and pay (half pay), at least for now.
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So Iger is doing the work of a CEO but not called the CEO. That makes even less sense. I'm not sure why Chapek is even agreeing to this. It makes him look like a cuckold.
 

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