JordanNite
Well-Known Member
He can't be worst than Iger - him and his profit sheets.
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Vegas Disney Fan
Well-Known Member
I'll never understand the hate for Iger, the previous presidents and CEO's gave us a lot of expansions but it was all done on the cheap.
Iger has overseen:
1) a redo that turned DCA into the 3rd best park in the US (IMHO)
2) the largest expansion in MK history
3) a complete renovation of DD into Disney Springs
4) the largest expansion in AK history
5) the largest expansion in HS history (most likely)
6) the acquisition of Pixar, Lucas Arts, and Marvel.
7) the Disney Dream and the Disney Fantasy
8) and incredible profits.
I don't agree with everything he's done and wish it would have taken 10 years instead of 20 for all this to happen but it's a pretty impressive list.
JordanNite
Well-Known Member
It's not really. He's invested next to nothing in the parks. There has been no worldclass attraction for a long time now at Disney. The minor expansions in Florida have been more about land space than anything major.
He is a movies man. He's been a disgrace for Disney Parks.
But that's what you get when you hire a CEO whose salary is dependant on profits. If Iger commits 200 million to parks, it eats into profits, and won't see that money back for years. But if you invest 100 million on a movie you can get your money back and profit within a year. He's calculated.
Disney should never hire a CEO whose salary is dependant so majorly on profits. And if they do, they should have guidlines on investment, etc ... because Iger has damaged the Orlando parks. He simply hasn't invested in the parks. DCA was one of those situations he had to invest or it would have gone down the pan, otherwise he wouldnt have bothered with that either. Most CEO's develop attactions, maybe one every 2-3 years. Iger has done nothing.]
Go look at Hollywood Studios - that parks is a disgrace now to what it once was. Don't talk to me about plans - because so far there is no plans we have heard off. And at the rate Iger has invested in new projects it will take 5 years before we see anything. He's content seeing small rise in growth, and that's all.
It will take a decade at least to get investment back in and get the parks running back to worldclass levels.
lazyboy97o
Well-Known Member
It's not an impressive list given the size of The Walt Disney Company, the motivation behind the projects and the creative neutering of themed entertainment.
HauntedMansionFLA
Well-Known Member
Yes, he has to answer to the stockholders. And The company is more than just the Theme parks. People might look at it different after looking at your impressive list.
asianway
Well-Known Member
It wasn't the largest expansion in MK history
ford91exploder
Resident Curmudgeon
EPCOT was and was done in TWO years by a far smaller 'Walt Disney Productions', Now it takes 3+ years to build a kiddie coaster.
Matt_Black
Well-Known Member
Not exactly. Many of the pavilions didn't have their restaurants, Horizons and Journey Into Imagination debuted a year later, the Morocco Pavilion 2 years later, the Living Seas 4 years later, and Norway 6 years later.
ford91exploder
Resident Curmudgeon
It was open to the PUBLIC in TWO years, And expanded over the next decade
JordanNite
Well-Known Member
Iger's salary works this way :
eg, your account sheets shows money spent, and money made - this will give you a yearly profit. If this profit is high, Iger will get a cut of this profit.
Now this is bad news for parks. If Iger commits 100 million to a new area, that capital will have to go on money spent, and will eat into profits. So let's say Iger has made 90 million profit for Disney in the year. If he commits to a new attraction at the parks, it's vitually wiping of the profit, thus meaning his salary will be down.
Now the parks need investment to keep their long term future alive, and without this investment you damage the parks for the future. But that's not Iger's problem. He will be long gone by the time Disney starts retreating into negative growth.
Iger is a movies man. He flopped hard with Lone Ranger, John Carter of Mars - both were massive record breaking losseS - but the man struck lucky in a film he had little faith in - FROZEN. He got lucky with that and has bought in massive profits for the company.
Disney should never again appoint a CEO with this kind of salary based on profits. It's bad news for parks if they repeat this.
eg, your account sheets shows money spent, and money made - this will give you a yearly profit. If this profit is high, Iger will get a cut of this profit.
Now this is bad news for parks. If Iger commits 100 million to a new area, that capital will have to go on money spent, and will eat into profits. So let's say Iger has made 90 million profit for Disney in the year. If he commits to a new attraction at the parks, it's vitually wiping of the profit, thus meaning his salary will be down.
Now the parks need investment to keep their long term future alive, and without this investment you damage the parks for the future. But that's not Iger's problem. He will be long gone by the time Disney starts retreating into negative growth.
Iger is a movies man. He flopped hard with Lone Ranger, John Carter of Mars - both were massive record breaking losseS - but the man struck lucky in a film he had little faith in - FROZEN. He got lucky with that and has bought in massive profits for the company.
Disney should never again appoint a CEO with this kind of salary based on profits. It's bad news for parks if they repeat this.
Matt_Black
Well-Known Member
Yeah, with 5 attractions. If Disney opened a 5th gate today that only had five attractions at the outset, you KNOW people here would be raising a fit, and saying how much better Uni was. Heck, by 1984, they had 7, which is what AK has now, and people call that a half-day park.
Vegas Disney Fan
Well-Known Member
According to the Walt Disney World website it is.
"Upon completion, Fantasyland will nearly double in size—for the largest expansion in the history of Magic Kingdom park."
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Vegas Disney Fan
Well-Known Member
Epcot is a separate park, I don't know anyone that considers Epcot part of the magic kingdom park.
I also think people have selective memories and tend to forget many attractions have gone up fast but many took years, even in Walt's time. The haunted mansion was 8 years from announcement to completion, splash mountain was 6 years from concept to completion and only possible because they closed America sings and reused all its anamatronics. Every time I read about how it's bad show to have the hub torn up for construction all I can think about is how DL ran rides inside the construction zone when they were expanding tomorrowland. Every work project is ugly and they always have been, people just forget the bad and think this is some new phenomenon caused by current management but it's been that way since Walt was in charge.
Matt_Black
Well-Known Member
Quite right. "The Golden Age was never the current age", to steal one from the American Adventure.
None of those Disney reps remember the Tomorrowland expansion. A massive massive project it was.
Matt_Black
Well-Known Member
It was indeed a huge project, but did it really expand anything? Mostly everything existing got changed, with new attractions replacing old attractions.
lazyboy97o
Well-Known Member
He's not talking about 1994...
Matt_Black
Well-Known Member
Bald people like myself are not automatically psychic. That's a stereotype perpetuated by the media, and you should be ashamed of yourself.
asianway
Well-Known Member
Nah didn't happen Flicky Blicky told me so