CaptainAmerica
Premium Member
"I have dreams like you, no really. Just much less touchy-feely. They mainly happen somewhere warm and sunny. On an island that I own, tanned and rested (and alone), surrounded by enormous piles of money."
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Bob Iger's contract is extended
- Thread starter Rteetz
- Start date
Bob Iger was being interviewed today by his wife Willow Bay at the University of Southern California Marshall
Iger says Beauty and the Beast is well past $400 million world wide.
Iger has been on Twitter for a while but under a fake name. Iger joined Twitter officially because he has felt its a platform that can be used by him as a tool.
Bob says The Last Jedi is quite good. Episode 9 is being written and entering early production. They will not be using CGI for Carrie Fisher in Episode 8 like in Rogue One. The Han Solo film will cover finding Chewie, and how Han got his name. Lucasfilm has a team working on the next decade for Star Wars films. Mark Hamill talks in Episode 8.
Disneyland Shanghai was 17 years in the making. Iger wanted people of China to feel they have built it.
Iger says Disney uses technology to tell better stories and have better experiences.
Bob's Christmas card featured him riding the Tron coaster in Shanghai.
Iger has told creatives to not create Virtual Reality experiences but rather create real experiences.
Pandora: You feel the pulse of the Banshee and different temperatures, using 3D. The Navi animatronic has incredible expressions.
Iger has ridden the falcon ride in the simulation lab at Imagineering.
Iger says he is serious that July 2019 will be his end. He says succession is a complicated thing. Come 2019 Iger will have 45 years in at ABC and Disney.
Iger says Beauty and the Beast is well past $400 million world wide.
Iger has been on Twitter for a while but under a fake name. Iger joined Twitter officially because he has felt its a platform that can be used by him as a tool.
Bob says The Last Jedi is quite good. Episode 9 is being written and entering early production. They will not be using CGI for Carrie Fisher in Episode 8 like in Rogue One. The Han Solo film will cover finding Chewie, and how Han got his name. Lucasfilm has a team working on the next decade for Star Wars films. Mark Hamill talks in Episode 8.
Disneyland Shanghai was 17 years in the making. Iger wanted people of China to feel they have built it.
Iger says Disney uses technology to tell better stories and have better experiences.
Bob's Christmas card featured him riding the Tron coaster in Shanghai.
Iger has told creatives to not create Virtual Reality experiences but rather create real experiences.
Pandora: You feel the pulse of the Banshee and different temperatures, using 3D. The Navi animatronic has incredible expressions.
Iger has ridden the falcon ride in the simulation lab at Imagineering.
Iger says he is serious that July 2019 will be his end. He says succession is a complicated thing. Come 2019 Iger will have 45 years in at ABC and Disney.
WDW1974
Well-Known Member
Not at all surprising, but troubling nonetheless.
Much like with Eisner before him and, heck, going all the way back to Walt's time, this company has never had any sort of real succession plans. And both Eisner and Iger have overstayed their welcomes and made it very difficult for the company to sever ties.
Iger always -- recalling MDE's exit -- played the part of someone who wasn't going to overstay. He was leaving in 2015/16. He was going to help the Board by having real candidates in place. And yet ... he picked the ''puckish gladhander" and "the oddly waifish man of anemic personality" ... and he damn well knew that neither of them could ever be head of Disney. The Board suspected as much. Wall Street was only interested in what was the next billion dollar studio production or how cutbacks and price increases were driving revenue up at P&R or how broadcast networks were flourishing led by shining star ESPN.
All the while, Iger -- who is nothing if not cunning -- was dipping his toes into other waters. Political, sports owner etc. And the other fishes weren't overly welcoming. And his ego wouldn't allow himself to go anywhere.
So, he's stuck and we're stuck. And, while it may be a good thing for Wall Street, Iger staying just means more of the same (you may love that or hate that or be ambivalent about it).
The only good news here is I fully expected them to extend him for 2-3 years, not one.
People have asked about the timing of his leaving and some secret plan to open The STAR WARS EXPERIENCE as his defining act. Again, while urinating on Walt's Park with his IP binge buy might truly be part of his legacy, you still place far too much value on P&R if you think that is a driving force. ... You also assume SWE will be ready to open by May or June of 2019 in the swamps. That is not an assumption I would be comfortable to making.
And as for succession, yet again, this shows the company simply can't go out and replace the guy with some outside blood. Iger has been a large part of Disney since 1995 (you know, when Michael supposedly changed and went all dark). It is 2017 ... enough is more than enough.
P.S. Gotta love that shareholders will give him 24-hour security (something billionaires I know don't have, people who have made very high power enemies don't have) until 2022. He must really think some fanboi wants to kill him ... or ex-successor!
Much like with Eisner before him and, heck, going all the way back to Walt's time, this company has never had any sort of real succession plans. And both Eisner and Iger have overstayed their welcomes and made it very difficult for the company to sever ties.
Iger always -- recalling MDE's exit -- played the part of someone who wasn't going to overstay. He was leaving in 2015/16. He was going to help the Board by having real candidates in place. And yet ... he picked the ''puckish gladhander" and "the oddly waifish man of anemic personality" ... and he damn well knew that neither of them could ever be head of Disney. The Board suspected as much. Wall Street was only interested in what was the next billion dollar studio production or how cutbacks and price increases were driving revenue up at P&R or how broadcast networks were flourishing led by shining star ESPN.
All the while, Iger -- who is nothing if not cunning -- was dipping his toes into other waters. Political, sports owner etc. And the other fishes weren't overly welcoming. And his ego wouldn't allow himself to go anywhere.
So, he's stuck and we're stuck. And, while it may be a good thing for Wall Street, Iger staying just means more of the same (you may love that or hate that or be ambivalent about it).
The only good news here is I fully expected them to extend him for 2-3 years, not one.
People have asked about the timing of his leaving and some secret plan to open The STAR WARS EXPERIENCE as his defining act. Again, while urinating on Walt's Park with his IP binge buy might truly be part of his legacy, you still place far too much value on P&R if you think that is a driving force. ... You also assume SWE will be ready to open by May or June of 2019 in the swamps. That is not an assumption I would be comfortable to making.
And as for succession, yet again, this shows the company simply can't go out and replace the guy with some outside blood. Iger has been a large part of Disney since 1995 (you know, when Michael supposedly changed and went all dark). It is 2017 ... enough is more than enough.
P.S. Gotta love that shareholders will give him 24-hour security (something billionaires I know don't have, people who have made very high power enemies don't have) until 2022. He must really think some fanboi wants to kill him ... or ex-successor!
CaptainAmerica
Premium Member
They did have a plan though, didn't they? Plan A was Rasulo, Plan B was Staggs?
Animaniac93-98
Well-Known Member
If he feels that 24-hour security is necessary, it should come out of his pocket when he leaves the company. We know he can afford it.
WDW1974
Well-Known Member
You mean doing set PR with the woman he sleeps with and owes her status to to coincide with his contract extension news being released?
OK. So what? We know that so long as Disney keeps repeating what is beloved by past generations that they will show up. And the film is quite good.
This means, he learned by watching the current White House resident that tweeting like an O-Town fanboi can get you noticed!
Episode 9 is being rewritten greatly likely due to Carrie's untimely demise.
Yes, if he wants to give Michael credit then that is true. It's also true that project was basically dead in the 2007-08 period before our economic collapse spooked the Chinese into getting serious.
Delightful.
Yet, Disney has gone to screens quite a bit (just not nearly like UNI).
Iger says a lot of things. And then later he says a lot of other things.
BTW, thanks for the post. My sarcasm was not directed at you, but at The Weatherman.
WDW1974
Well-Known Member
A plan that no one considered viable. It's like me planning on being President ...
If anything, the lack of a viable plan should have given the BoD pause years ago before his last extension. But the fact remains Iger is great at making money for the company and the BoD ... so they don't want to envision a future that doesn't include him.
WDW1974
Well-Known Member
People of that level are just plain arrogant. ... We have a President who used to take shots at his predecessor for taking vacations at taxpayer expense when he is going to outdo that level of spending in a few months and has the nerve to spend it at his own businesses.
That's even worse. But, yes, Iger should be paying his own security if he's so worried he's in danger.
CaptainAmerica
Premium Member
Then why promote Staggs to COO?
This is the crux of the issue. I don't think the failing here is Iger's, I think it's the BoD's. I'm terrified that they end up doing something rash like making a major acquisition for the sake of "talent" planning. Heaven help us if Jack Dorsey is the next CEO of TWDC.
I suppose Reed Hastings wouldn't be too bad.
ford91exploder
Resident Curmudgeon
No he's worse than Eisner, and will lead Disney to disaster.
Speaking of Staggs, he is in the running for COO of Uber.
"During his tenure, Mr. Iger has created enormous value for shareholders, with total shareholder return of 448%..."
That's all anyone needs to know as to why his contract has been extended twice. It's his legacy, SWL be damned. Looks like his current plan is to cut the ribbon on SWL in Anaheim and then ride off into the sunset on his solid-gold horse.
That's all anyone needs to know as to why his contract has been extended twice. It's his legacy, SWL be damned. Looks like his current plan is to cut the ribbon on SWL in Anaheim and then ride off into the sunset on his solid-gold horse.
ford91exploder
Resident Curmudgeon
Yet the flaws in his strategy are already showing, ESPN is a rapidly accelerating train wreck, International parks which have NEVER made a dime (nor will they), The ONLY way Iger has made US parks appear to show good financials is by massive cuts in staffing and quality.
When you have a CEO who hangs on like a tick to it's host you have a problem, See Bob Nardelli over at Home Depot for an exemplar made 'magic' with the finances until the finances were unsustainable and it took the combined actions of the founders to oust him before he led HD over the cliff with his ego.
ford91exploder
Resident Curmudgeon
Ho hum Eisner did 887% over his tenure and did it by creating new top line businesses not financial engineering.
ford91exploder
Resident Curmudgeon
They deserve each other...
CaptainAmerica
Premium Member
I'm sorry, you're just wrong. We can debate product quality all day long but you're simply incorrect about the business results. Let's not forget the shape Eisner left WDAS. It was BAD.
ford91exploder
Resident Curmudgeon
Are you sure Bob and Willow share a bed?, Seems more a 'marriage of convenience'.
ford91exploder
Resident Curmudgeon
No I'm not, Just go check @ParentsOf4 graphs as to the net increase in shareholder value, Iger does not fare well in that comparison.
Rodan75
Well-Known Member
This isn't just an issue with Disney, most companies of this size have begun to expect CEOs to stay on longer and longer, well into their 70's. With very little succession planning. Disney was supposed to be different...Disney was supposed to have learned that leadership should be expected to cycle through the organization.
Given how poorly most of Disney's competition has done lately, I can see that the board feels they have limited options. But just as Iger and now Bakish stepped out of the shadows (although with a fairly troubling turnaround plan), I'm sure Disney can find another leader.
My opinion is that they should move quickly on the COO (or CEO if they find the right person) and quickly move to put Iger as Chairman only until 2019. That would keep Wall Street happy while also putting in fresh blood with some training wheels.
Rodan75
Well-Known Member
I thought I heard he was finishing up negotiations to replace Lynton for Sony?