ford91exploder
Resident Curmudgeon
No there does come a limit to what you can cut. Sears is at that point where all thats left is to turn out the lights and sell the real estate
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Bob Iger's contract is extended
- Thread starter Rteetz
- Start date
No there does come a limit to what you can cut. Sears is at that point where all thats left is to turn out the lights and sell the real estate
ford91exploder
Resident Curmudgeon
ESPN is both a victim of the times and ego driven Sports rights purchases. You made the 'biggest' deals in sports history. So how are you going to make those deals pay off for shareholders since you no longer have pricing leverage????
In an increasingly on demand world markets are segmenting and sports besides playoff games are not interesting to the majority of households when asked Do you want ESPN or a 8 buck reduction in your monthly bill and 60% surveyed took the 8 bucks...
ford91exploder
Resident Curmudgeon
Lots of people Tim Cook from Apple, Bill Gates, Warren Buffett
HMF
Well-Known Member
Buffett and to an extent Gates are model examples of how to be a good CEO. Berkshire Hathaway treats it's employees as valuable assets rather than expendable grunts like Disney does. As Buffett himself says, "If you manage only for the bottom line, Pretty soon, you won't have a bottom line.
AEfx
Well-Known Member
Well, that makes his story of becoming one of the most successful CEO's in history even more remarkable, then.
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mark marsh
New Member
No wonder it's getting more expensive to go to Disney. gotta get ready for his pay increase and then pay him all that money in stock options when he leaves. Meanwhile the little guy foots the bill.
PrincessJulia1207
Well-Known Member
Just heard that he might step down after his contract ends! If that's true, I swear to God Bob Chapek better not take his place....
ford91exploder
Resident Curmudgeon
Iger can see the writing on the wall, ESPN effectively goes bankrupt about 2020 if subscribers keep ditching cable at current rate.
The Bob's will float off on their golden parachutes leaving the wreckage of the once great TWDC behind.
A 'Private Equity' will come in and we will look at the Iger years as a golden age.
Think UNI under Blackstone as your model.
After that once the hotels sold off to Hilton/Marriott/Lowes.
Then Six Flags over WDW will be the end game.
It's not going to be pretty kiddies
Tom P.
Well-Known Member
You have quite literally lost your mind.
THE Monorail Lime
Well-Known Member
Six flags world 
ford91exploder
Resident Curmudgeon
Laugh now, The tears will cone soon enough.
Ive watched too many companies crash and burn and been a part of a couple where i was the last manager out of the HQ facility and fedexed the keys to the building owner.
ford91exploder
Resident Curmudgeon
Six flags world
Agreed
THE Monorail Lime
Well-Known Member
They would just repaint and rename everything
the.dreamfinder
Well-Known Member
There's still hope, if they can IPO/sell ESPN.
Additionally, you assume that the BoD won't pick, or be forced to pick, a transformational CEO.
Tom P.
Well-Known Member
Could that happen to Disney? Sure. Is it going to happen in the next couple of years because of ESPN? Not a chance.
Yes, ESPN is sinking. But it is not ready to go bankrupt yet, and there are many options that Disney has to either turn it around, sell it, spin it off, or shut it down. Also, for as much attention as ESPN gets, ESPN is not Disney. Disney is a much, much, much larger and more diverse organization than that and virtually every other business unit of Disney has been very successful in recent years.
larryz
I'm Just A Tourist!
Pessimistic, but plausible...
That's what everybody said when people suggested that Anheuser-Busch might sell to foreign interests...
Kamikaze
Well-Known Member
Regardless of and including ESPN (which, as a division, can't go 'bankrupt'), TWDC has never done better. Ever. The numbers are all that matter. Not 'nostalgia' or a vision of what the parks should be or E.P.C.O.T. When you're talking about the future of the company, all that matters is the bottom line.
FoozieBear
Well-Known Member
Really odd that you'd predict the end of Disney based on one division that Disney owns. Almost as if you're forgetting the powerhouse that owns the largest entertainment franchises and theme parks. Might set their TV division back, but there's no reason to expect that the theme parks will be impacted by that.
larryz
I'm Just A Tourist!
I don't see him predicting the end of Disney, just the P&R division. There's precedent -- when A-B was bought out by InBev, the Busch parks were sold off to a Blackstone-led consortium.
Tom P.
Well-Known Member
He said:
Bob Iger is not going to leave "the wreckage of the once great TWDC" behind. The Walt Disney Company is currently enjoying the most success that it has ever seen. People are acting as though ESPN is the company; it's not. Yes, ESPN is faltering for a variety of reasons. But that is not going to destroy the company. Literally every other business unit of the company, including Parks and Resorts, is prospering and we are seeing the largest ever investment in park expansion taking place right now.
Sure, anything is possible, but I don't see either the company itself or P&R going anywhere.