News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[Dranth]

Those aren’t really convincing arguments. Iger doesn’t have any more fondness for the parks than the alternatives.

That's fine, so let me ask you this, what does bringing in Peltz accomplish?

At his other stops he has managed to push through significant budget cuts, sell off assets, and increased stock buy backs. That's great for stock holders short-term but does nothing to address long term issues and actively hurts spending on things customers/fans want. Even more so in an entertainment company like Disney. Doesn't sound like a great fit on that front.

Is it just that he will get rid of Iger? If so, I believe that is short sighted. By the time Peltz got on the board and managed to amass enough sway to do anything other than run his mouth, Iger will already be gone. That will leave the new CEO with at least part of their board trying to suppress investment and pump the stock at all cost. I would prefer a new CEO to step into a relatively intact Disney with the current board that has shown they are willing to spend money. The gamble is that the new CEO will spend it better/wiser than Iger has.

Let's throw all his history aside real quick and assume this time is different and Peltz legit cares about the customer. He really wants to fix the problems we all have with Disney currently. Great, but the fact that he just nominated one of the worst and most disliked guys by park fans tells me all I need to know about how well any plans of Peltz will turn out and just how poorly he understands the business.

 

[flynnibus]

That's fine, so let me ask you this, what does bringing in Peltz accomplish?

The argument is -- shareholder representation outside of the sphere of influence of Iger.

 

[Disgruntled Walt]

Ok so Rasulo had the bad idea to put in meet-and-greets...AND? I'm not defending him, I'm just asking someone to tell me why having him on the board is a bad idea. Don't we want a counter-balance to Iger? I don't trust Iger to fix the company. That doesn't mean I trust Rasulo, but I still haven't heard an explanation as to why he is SO bad.

 

[Magic Crush Drop]

https://x.com/jacktweets44/status/1735325851346976784?s=46&t=2Sg2MYQTA1IZ3ThCDMWGuQ

Train has nominated Peltz and Jay Rasulo for the Disney board.

Might as well just give Paul Pressler president of Disneyland...again.

 

[Disgruntled Walt]

Might as well just give Paul Pressler president of Disneyland...again.

Didn't Rasulo replace Pressler as head of parks?

 

[Dranth]

The argument is -- shareholder representation outside of the sphere of influence of Iger.

Great. As a stock holder, that is something I agree with and makes perfect sense but from a fans perspective, Peltz and Rasulo are the proverbial monkey paw curling.

 

[Magic Crush Drop]

The argument is -- shareholder representation outside of the sphere of influence of Iger.

Yeah but why him exactly?

 

[Vegas Disney Fan]

Yeah but why him exactly?

I don’t think he’d be anyone’s first choice but he’s the only one who seems to have any chance of bringing ”change” to the top of Disney.

 

[Stripes]

Rasulo is nothing more than a figurehead to address Disney’s criticism that Peltz has zero experience with a large media company.

Peltz doesn’t care about getting Rasulo on the board. He just wanted to counter some of the criticism Disney attacked him with last time.

 

[Lilofan]

Didn't Rasulo replace Pressler as head of parks?

Rasulo was CFO at one time and also head of parks another time. When he was not considered to be the next CEO he quit Disney.

 

[denyuntilcaught]

If you have ever had a face to face interaction with the Head of DEI of a fortune 500 company in discussions of hiring/recruiting practices, they plainly state that a POC of inferior credentials is the preferred hire.

Since the term POC can infer race based hiring practices, POC has been morphed into the opressed/oppressor binary. Makes it a little more palatable.

This is quite untrue.

Also didn't know DEI professionals were a monolithic group.

 

[Disgruntled Walt]

Somebody tell me why Rasulo is a bad idea!

Rasulo was CFO at one time and also head of parks another time. When he was not considered to be the next CEO he quit Disney.

Thanks, yeah I know that much, but the person I was replying to was making it sound like Pressler and Rasulo are equivalent.

 

[HauntedPirate]

Not rhetorical, what’s worse than Iger?

For starters?

Rasulo shouldn't come within a lightyear of Disney's BoD. He's a truly awful penny-pinching nitwit. "Disney Parks" was his brainchild, what does that tell you?

 

[HauntedPirate]

Might as well just give Paul Pressler president of Disneyland...again.

 

[Trauma]

The vultures are circling the carcass.

This is Iger’s fault for weakening the company to this degree.

 

[TalkingHead]

How about we keep all those things but cut maintenance even further, don’t build anything new, and close resorts to raise occupancy elsewhere?

What Iger hath wrought. Most of that list describes various phases of his tenure.

For starters?

View attachment 758889

Rasulo shouldn't come within a lightyear of Disney's BoD. He's a truly awful penny-pinching nitwit. "Disney Parks" was his brainchild, what does that tell you?

You mean synergistic ideas that Iger never reversed because it all comes from the same bland corporate mindset?

 

[HauntedPirate]

You mean synergistic ideas that Iger never reversed because it all comes from the same bland corporate mindset?

Who do you think approved Rasulo’s ideas?

 

[Disgruntled Walt]

Who do you think approved Rasulo’s ideas?

What other ideas besides Meet-and-Greets? Surely there must be something! Give me some reason to oppose him!

 

[Model3 McQueen]

How about we keep all those things but cut maintenance even further, don’t build anything new, and close resorts to raise occupancy elsewhere?

What, empty promises and stupid long construction times don't do it for ya?

 

[HauntedPirate]

What other ideas besides Meet-and-Greets? Surely there must be something! Give me some reason to oppose him!

Homogenization of parks merchandise to be under the "Disney Parks" umbrella. Gift shops everywhere. Removal of even the most trivial of things, location-branded napkins. He came from Strategic Planning and was CFO after his reign of terror as head of parks - He was nothing but an accountant running theme parks. The *only* thing I can give him credit for are the Dream and the Fantasy.

Want more? https://forums.wdwmagic.com/threads/why-the-hatred-towards-meg-crofton-and-jay-rasulo.152148/

(Note - there are some long lost posters in that thread, including at least one former WDI person and another I, and many others, miss immensely around here)