Man, this is getting ridiculous! I mean, I know Bob Iger is not a perfect CEO, well, neither is Michael Eisner and believe it or not, Walt Disney, but Bob is doing the best he can to right the ship of the Disney studios and find the right successor of CEO of Disney. I hope it’s an outsider, because Disney needs that.
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News The Walt Disney Company Board Names James P. Gorman as Chairman
- Thread starter DCBaker
- Start date
Sirwalterraleigh
Premium Member
Well this indicates internal board strife…and that’s never good.
But the undertone is that Iger is still full in control of the board…and that is how this mess started.
Dan Deesnee
Well-Known Member
Uhhh...what?
Let's stay on topic. The Disney Board is a mess. They're a ship without a competent captain, and the future looks very bleak.
BrianLo
Well-Known Member
Correct, we’ve also seen him leave before. There’s no ambiguity left at this juncture, the board has finally, finally, given a timeframe.
It’s also not the same board, so it’s hard to call Gormen and others documented liars. But I also don’t know them well, so maybe there is more there.
Feel free to at me if the board extends, I’ll be equally ed off. They know they can’t screw it up this time.
Sirwalterraleigh
Premium Member
Good grief, Charlie Brown…
Are you still unclear on the details of his “leaving”?
Wanted to spend more time with the family during lockdown…then got bored when the doors flew open?
I got some magic beans to sell you
BrianLo
Well-Known Member
Well, two years is not long to wait at this point. An extension isn’t coming at the 11th hour, so you’ve got about 15 months to do your victory lap on this one.
Until then, we wait for the apparent shoe to drop. And wait and wait.
Except he never really did leave. He never gave up his office.
The original deal was for him to remain over Chapek. Even when he was forced out as Chairman, he still maintained channels in the company and on the board.
Bob doesn’t know how to leave.
I've never heard that before.
I did hear he kept his office while chief creative officer 'helping' Chapek for a year.
But not that his office was kept from Chapek.
Do you have a source for that?
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The NYT piece. Chapek never got the office with the shower.
Iger was the executive chairman.
Iger also had a 5 year consulting contract with TWDC after his “separation” from the company.
That contract resets and is in effect when or if he separates from his current position.
BrianLo
Well-Known Member
You are obfuscating the ten month transition point and the 22 months he actually left the company. He announced his departure and gave the transitional timeframe, which was adhered to that time.
There’s a difference between having favour and actually making decisions. By the logic of having channels we’d claim Eisner never really left. Does Eisner getting a private tour of Shanghai Disneyland under construction mean we were still under a 10 year shadow regime?
Taking away Chapek’s autonomy is lazy. I can point to a litany of things Chapek did that Iger vehemently disagreed with. Iger had no control or say once he left the building and even the contemptuous transition period is well documented how it wasn’t even a smooth working transition of power. Chapek was clearly his own man. I’d believe he was a shadow puppet a lot more if it wasn’t well documented how poorly the two worked together at the end.
Chapek was Igerless for less than 11 months before he was canned. If the NYT article is to be believed Chapek never had any autonomy, either directly because of Iger or indirectly through Iger’s influence and contacts within the C-suite or the BOD.
BrianLo
Well-Known Member
I don’t think Chapek had an easy go or limitless supporters, but he had clearly autonomy. Quite a few decisions in his absence were clearly not and never supported by Iger.
There’s pretty discrete examples of Studio, Streaming and to a lesser extent Parks decisions that i don’t think Iger was making and immediately undid. Particularly from subscriber goals, streaming content releases, India ops, studio structures. Not to mention his many social flubs.
Iger will never truly leave the company, much in the same way Walt Disney or Eisner wont. They just were in control and shaping things far too long.
Though I did admittedly forget how long the “transition” was. For some reason I thought it was Dec 2020, not 2021. Clearly, that was too long. Perhaps why we have the timeframe we now have.
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Sirwalterraleigh
Premium Member
Right…but he didn’t leave
He ran like a coward to protect his ego incase the economy tanked. And then devised some scheme where he’d be puppet master.
He sat on a fence post.
There really isn’t any “ambiguity” there. Let the truth have its day (and every day)
Sirwalterraleigh
Premium Member
Not only does the sequence of events paint ONLY that picture…it’s been written about in the business/hollywood press.
Somebody (probably several if not many) talked.
That’s what happened. He can’t be trusted.
Enjoy that new round of price increases in declining attendance just announced
Okay, I know you guys are not going to believe in speculations, but I've found an article from puck news about James Gorman's plan to find a successor of CEO of Disney. https://puck.news/newsletter_conten...g-blame-game-gormans-disney-anora-intrigue-2/ But just in case if your not a subscriber of Puck, heres the article about James Gorman's plan to find a successor for CEO of Disney:
What I’m Hearing: Offshoring Blame Game, Gorman’s Disney & ‘Anora’ Intrigue
by Matthew Belloni
A little more on the Disney news…
Gorman, the former Morgan Stanley C.E.O., is, by all accounts, a very serious person. So after chatting with a couple Disney insiders, here’s my read on his elevation to board chair and the delay of a decision on Iger’s replacement until “early 2026”:
So, it's possible that James Gorman might find an external candidate instead of an internal candidate, which I hope that is case. As much as I know you guys are going to be very skeptical about this, but we'll see. We'll we get an outsider to be CEO of Disney? You'll be the judge.
What I’m Hearing: Offshoring Blame Game, Gorman’s Disney & ‘Anora’ Intrigue
by Matthew Belloni
A little more on the Disney news…
Gorman, the former Morgan Stanley C.E.O., is, by all accounts, a very serious person. So after chatting with a couple Disney insiders, here’s my read on his elevation to board chair and the delay of a decision on Iger’s replacement until “early 2026”:
- Unlike last time around with Bob Chapek, Iger won’t be as influential in the choice of his successor. This is Gorman’s plane to land.
- Perhaps most important, the delay suggests the internal candidates aren’t currently cutting it—or at least that neither parks chief Josh D’Amaro nor TV head Dana Walden (or, if we’re being generous, Jimmy Pitaro at ESPN and Alan Bergman in film) have convinced the board there is currently an internal person worthy of the golden mouse ears to elevate and anoint now. Which we all kinda knew—none of the four candidates is a perfect package of experience and skill set—but it wasn’t a given that the board actually recognized this. Now we know they do.
- A more robust search outside the company is likely.
- Gorman likely would not ascend to board chair in ’25 only to abdicate it to Iger at the end of ’26. So the speculation that Iger will stay on to run the Disney board and thus loom large over the new C.E.O. as essentially his or her boss may be misplaced. More likely, Iger will simply join the board as a director, or even leave the company completely (though I doubt he can do that… See: last time around).
- Today’s announcement also signals to the media to lay off a bit, since nothing’s happening for at least a year. It won’t quell the speculation over the most important job in entertainment, of course, but it may temper the sense that a move is imminent.
So, it's possible that James Gorman might find an external candidate instead of an internal candidate, which I hope that is case. As much as I know you guys are going to be very skeptical about this, but we'll see. We'll we get an outsider to be CEO of Disney? You'll be the judge.
This is pure speculation that anyone can make up just by using their eyeballs. Then pass it off to "news sites" without any journalistic standards who will then "report it" as if it were news without any fact checking at all.
I knew this will happened! Oh well, I gave it my best shot! I'm out of this negativity nonsense!
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Okay, I know I may not impressed everybody since some of you are bunch of haters, but I found this article on who John Gorman is, what he does, and maybe that he might be Disney's only hope to get it fix with the new CEO: https://finance.yahoo.com/news/morgan-stanley-executive-chairman-rescued-114400076.html Yes, it's from Yahoo, but this article is from Fortune probably because of paywall. And if you guys don't like it, then I will give up hope for DIsney and it'll go bankrupt. Even though I know that's not happening. I'm just saying that because I hate negativity!
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Inside Disney’s Race to Replace Bob Iger
With James Gorman’s elevation to chairman and desperate to avoid another Chapek debacle, the company is pursuing new ways to find its next chief. THR games out six succession scenarios.
www.hollywoodreporter.com