They’re busy rowing a boat.
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
- Start date
Sirwalterraleigh
Premium Member
…one of my (very) frequent refrains
Good…that’s the whole problem for the last ten years. How do you increase quarterlies when you’re 30% overvalued? By rolling out a streaming service where you burn through cash and depress your other segments longterm by charging too much?
that’s what they’d have you believe.
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Rteetz
Well-Known Member
A sinking boat
Sirwalterraleigh
Premium Member
JoeCamel
Well-Known Member
There is precedent for those at Disney World.......
Sirwalterraleigh
Premium Member
WaltsTreasureChest
Well-Known Member
Wonder what Disneys will come up with to go in competition with Universals new park in 2 years.
JoeCamel
Well-Known Member
I hear they have this futuristic cycle ride they will open......
But expect 2025 for opening EU
Sirwalterraleigh
Premium Member
They would have had to have broke ground on it in 2020
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Cesar R M
Well-Known Member
Chapek be in the front while Eiger is behind... then Eiger silently disappears that night in a rowboat of gold XD
Cesar R M
Well-Known Member
err... a new cost cut, a new 50th anniversary popcorn bucket and a new music vash party with a cupcake is the best I can do.
"The Walt Disney Co. has disclosed the executive compensation for CEO Bob Chapek and former executive chairman Bob Iger, who ended his tenure at the company at the end of last year.
Chapek’s compensation package for the year totaled $32.46 million, compared with $14.1 million in the previous year, which had reflected the challenges of the coronavirus pandemic and which had been the first in which he led the company after his elevation in February 2020.
Iger’s compensation in his last year with the company totaled $45.9 million, compared with $21.0 million in the previous fiscal year, $47.5 million in the year before that and $65.6 million in fiscal 2018, which was boosted by a stock package that he was awarded as an incentive to remain with the company past his originally planned retirement date.
Disney disclosed top executives’ compensation in a regulatory filing with the Securities and Exchange Commission. The compensation packages rose sharply because Chapek and Iger did not take bonuses in fiscal 2020 due to the pandemic.
The compensation disclosure only covers the company’s latest fiscal year, which ended on Oct. 2. In other words, it doesn’t include Iger’s end-of-contract stock grant, which was awarded to him on Dec. 31, and which was worth nine figures."
www.hollywoodreporter.com
Chapek’s compensation package for the year totaled $32.46 million, compared with $14.1 million in the previous year, which had reflected the challenges of the coronavirus pandemic and which had been the first in which he led the company after his elevation in February 2020.
Iger’s compensation in his last year with the company totaled $45.9 million, compared with $21.0 million in the previous fiscal year, $47.5 million in the year before that and $65.6 million in fiscal 2018, which was boosted by a stock package that he was awarded as an incentive to remain with the company past his originally planned retirement date.
Disney disclosed top executives’ compensation in a regulatory filing with the Securities and Exchange Commission. The compensation packages rose sharply because Chapek and Iger did not take bonuses in fiscal 2020 due to the pandemic.
The compensation disclosure only covers the company’s latest fiscal year, which ended on Oct. 2. In other words, it doesn’t include Iger’s end-of-contract stock grant, which was awarded to him on Dec. 31, and which was worth nine figures."
Disney CEO Bob Chapek’s Annual Pay Tops $32M in Fiscal 2021, Bob Iger Makes Nearly $46M in Final Year
The Magic Kingdom disclosed the compensation for its top executives for its latest fiscal year.
www.hollywoodreporter.com
Cesar R M
Well-Known Member
Sooo.. while everyone was reeling trying to survive with the insane price hikes and salaires remaining stagnant.. Executives still got their bonuses (even if they claim they did not get "anything in 2020 due to pandemic", because they said clearly they got more on 2021 to compensate of the loss)
This is nothing new in the corporate world. After surviving the recession layoffs on 2009, the execs I reported to in a company got huge increases in pay and bonuses in 2011 for managing and navigating through the storm, the ones that were left and didn't get laid off. Some fail to recall the execs compensation package for Iger and Chapek are drawn up by the Board but for some just blame the execs is the approach.
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LSLS
Well-Known Member
The board that Iger was the chairman of, right?
If you think he has complete power of the Board and their decisions, there is a bridge for sale.
On the episode of Batwoman this week, the bad guy who became CEO of Wayne Enterprises simply fired all the board members because they didn't like his crazy ideas.
That's how Boards of Directors work, right?
Not Board related but when the disappeared Jimmy Hoffa and his sidekicks came to power in the Teamsters union, one of the first things he did was to fire the executive Vice Presidents that reported to the previous union leader. Hoffa advised they need to start off with a clean slate. I've worked in places where the new boss comes in, some reporting to him are fired and the new boss replaces them with new blood that share in his ideas.
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LSLS
Well-Known Member
Wow, you read quite a lot into me stating that Iger was the head of the board that approved his salary. You stated that executives don't make those salary decisions, the board does. I think it's fair to point out that the person leading that board making these decisions is in fact one of the executives. I'm not saying he forced anything or he solely made a decision (or did anything nefarious) , but it is all inaccurate to make it sound like Iger was completely out of the decision process.
Cesar R M
Well-Known Member
It helps if you also have the vast majority of the shares and ownership, right?