Iger to take over in September.

[joshwill]

Seems its official now, Bob Iger will take oever the reigns of Disney when eisner steps down this september.

I dont know much about iger. is this a good thing or not? i mean about iger becoming ceo, not that eisner is stepping down.

if you want to read the msnbc page, its at: http://www.msnbc.msn.com/id/7173190/

 

[TheOneVader]

Well you know what the say, it's better with the devil you know.

 

[General Grizz]

Thanks for the link.

The first step was getting Michael off the board. Animation, Imagineering, Film, Company Negotiations, Acquisitions... suffering.

To bring in his right-hand man solves nothing...

I would suggest reading Disney War, Josh. It's available in most bookstores and here: http://www.amazon.com/exec/obidos/t...102-1834635-8337723?v=glance&s=books&n=507846

Although this isn't meant literally, as a dear Disney idol of mine stated after reading the book, "He (Bob Iger) should be put to sleep."

 

[CTXRover]

Grizz, you're one of the more respected member of these forums, at least in my opinion, so I'd appreciate some insight here. I asked this in another thread, but what makes Iger so terrible in your personal opinion? I'd love some true insight here that doesn't revolve around Iger being an Eisner puppet or the wrong choice soley because Eisner chose him. Eisner has been accused of controlling every part of the company, with his departure completely from the company (he will not run to be re-elected to the board and will not run to succeed Mitchell as the chaiman), isn't is possible Iger has yet to show what he's capable of?

Also, isn't there the possibility that a "new" CEO from outside the company could have posed an even greater concern than a CEO familiar with many aspects of the company? Isn't it possible that a outside CEO could come in and turn Disney into a "business" even more concentrated on profit that many already accuse the company of?

 

[CTXRover]

Edit: Double post, my apologies.

 

[Plane Crazy]

I find it odd that they are alleging that Michael Eisner had undue influence on the election process. However, in the book "Disney War", Eisner is quoted as saying "Iger can never succeed me". Why would Eisner help Iger to serve as the next CEO when he has no confidence in him?

Is this an interrim position while they interview more candidates... or is this it? If he is it, how long is his contract?

What influence will this shift of power have on the feature animation department and the theme parks? That's really all I care about!

 

[Lynx04]

The only positive I see out of todays announcements is Eisner will be stepping down one year early and he will not run for a board seat next year. While Iger isn't my first choice at least we know that after next year Eisner wont' be holding his leash

 

[HauntedPirate]

So, Eisner has 6 months to train his monkey.... errr.. I mean, successor. Great.... This was a sham of a "CEO search" from the beginning. I smelled a rat when Iger was paraded in front of every analyst, featured at every meeting, and was Eisner's "Chosen One". If anyone doubted that the Board of Directors were a bunch of trained monkeys, well, your doubts should be put to rest now. I bet they could churn out some Shakespeare-quality prose before the end of September, too. At least that would take some skill.

Before branding me as an Iger-hater: Iger could be good. He certainly could run the company differently than Eisner has over the past 10-11 years. However, my wager is that it's more of the same. Granted, he'll want to put on a good dog-and-pony show at first, to show he's "really got it". But how things go in the first 12 months will tell the tale.

I will be keeping an eye on SaveDisney.com over the coming days and weeks for what they will do. This certainly isn't good news for the company, not when a change at the top is needed to correct years of neglect and focus purely on "short-term shareholder value". BTW, I'm also a shareholder. I don't give a damn about my yearly dividend. I want the company to return to the prominence it once had - Innovative, family-oriented, unique. I don't see that in the company anymore.