Disney is/was well diversified long before hopping on the bandwagon and launching their own streaming service.
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
- Start date
Linear channels saved Disney during the pandemic. But the future is that linear channels will decrease as streaming increases. Streaming is the continuation of diversification.
Sirwalterraleigh
Premium Member
…they’ve got that…and they’ll have to continue to expand.
but that’s the Shiny object In the front window…in the “factory” behind is a conglomerate that has to pull from everywhere…the heaviest chunks still are their archaic broadcast stations and parks that Bob wants to flame out by about 2024 and his current ST-51-L rate of thrust
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Sirwalterraleigh
Premium Member
…probably too soon, huh?“Roger, go at throttle up”
“Uh oh”
Tom P.
Well-Known Member
I can see the argument that things are *going* flame out by 2024 at the current burn rate. But what evidence do you have that Chapek actually *wants* them to flame out?
Fair point. Personally, I think he (Bob 2.0) is too stupid to see anything past next quarter. Unprecedented demand!!!
ImperfectPixie
Well-Known Member
If he doesn't, then he's even more incompetent than I thought.
Tom P.
Well-Known Member
Honestly, I don't think it's either stupidity or incompetence, nor do I think he is deliberately designing things to flame out by 2024.
Rather, I think it is part of a systemic problem with publicly traded companies in the United States that has developed over several decades but has gotten exponentially worse in the last few years. And that is the demand by the market that companies be focused on nothing but quarterly numbers. Companies need to innovate, to invest, and to think long-term in order to survive for the long haul. But the market actively discourages anything that does not produce immediate quarterly profits.
I don't think Chapek wants things to go south. But I think he views a date like 2024 as a "future problem" and that his focus must be on the next quarter.
Sirwalterraleigh
Premium Member
I don’t have any evidence he wants to kill it…
…the problem is the old guard fans have zero evidence he wants to hang around for 20 years like the last 2 (who were younger, more ambitious about ego, and frankly better)
ImperfectPixie
Well-Known Member
A good CEO and BoD wouldn't focus solely on the next quarter. The pattern we've been seeing from the company is unsustainable.
Tom P.
Well-Known Member
But that's what I'm saying. Wall Street actively discourages what you are classifying as a good CEO and BoD.
Cesar R M
Well-Known Member
Can't wait for them to buy Amazon or COSTCO, Carl's JR and EXXON.
The mighty BUY & LARGE will exist, and both the movie WALL-E and IDIOCRACY will become true.
BROUGHT TO YOU BY CARLS JR.
ImperfectPixie
Well-Known Member
Oh, I know. Wall Street needs to be reined in...they've caused way too many HUGE problems historically already.
Vegas Disney Fan
Well-Known Member
I think boards attempt to address long term stability by making CEO compensation very stock heavy, unfortunately the CEOs still need to primarily focus on the short term to make sure they keep the investors happy and retain their job long enough to get next years stocks and options though.
Igers pay in 2018 was $65 million but less than $2 million of that was actual salary, he got $18 million in bonuses and $45 million in stock and options. That’s 45 million dollars worth of incentive to protect the future of the company.
Iger made a fortune as CEO but the majority of his fortune is in Disney stock, if the company stumbles in the future his net worth does too. It’s very much in his best interest to make sure Disney is successful long term.
ImperfectPixie
Well-Known Member
Not really. He can bail at any time. And didn't he already sell off half?
As of Nov 2021, Iger's net worth was $800M. He will be fine moving forward.
Vegas Disney Fan
Well-Known Member
He sold about half for $100 million, he still owns another $100 million worth of Disney stock though.
In theory a CEO could sell all their stock the day they retire/get fired but they’re in a position to make their stock worth much more if they set the company up for success.
Vegas Disney Fan
Well-Known Member
When Iger became CEO the stock price was $23, today it’s $145… he made himself a ton of money, primarily through the long term growth of the company based on his leadership.
Iger selling half his DIS stock to “diversify his portfolio” speaks volumes for his optimism around the future of the company. Not that diversification is a bad thing by any means, but his move was a big one, and not what you’d expect from someone with confidence in his successor.