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

[HauntedPirate]

Is Iger going to be treated like the Pope? CEO until you die.

I firmly believe that is his plan as of now. I've even posted (only partially joking) about it twice.

 

[HauntedPirate]

Things ARE well. Iger isn't Eisner, and this isn't like 1999-2005 by a long shot. There is nothing fundamentally wrong with Disney at all, except Genie+/Lightning Lanes. These movies are great, these shows are great, these brands are vibrant and thriving. But the press thrives on spreading the Disney in disarray narrative, because they've been eager to make it so ever since 1995. Why? Because they are jealous and envious of Disney's success. The difference is that when they spread these reports back in '95/'96 when it wasn't true, Eisner took them to heart and MADE it true. Iger isn't like that. Heck, even Chapek, for his faults, didn't take things to THAT extent.

Let's not forget that even Eisner wasn't the company's darkest hour. That was between WWII and Disneyland, when Walt was still alive.

This is funniest damn thing I've read today, thanks!

 

[Mmoore29]

That is indeed an odd thing to say.

Perhaps he meant it in the sense that if it weren't for the pandemic, Disney would be $10B richer, which would make their debt only $33B instead of $43B.

(Just to put Disney's debt in perspective, Comcast's debt is $100B.)

Let's not forget most of that is long-term. Disney's immediate $5.5 billion in debt will be retired with the cost savings, and the company did very shrewd juggling to reschedule the debt, shrink the immediate worry down to that, and it'll soon be gone. They've got a lot of breathing room.

 

[GhostHost1000]

Things ARE well. Iger isn't Eisner, and this isn't like 1999-2005 by a long shot. There is nothing fundamentally wrong with Disney at all, except Genie+/Lightning Lanes. These movies are great, these shows are great, these brands are vibrant and thriving. But the press thrives on spreading the Disney in disarray narrative, because they've been eager to make it so ever since 1995. Why? Because they are jealous and envious of Disney's success. The difference is that when they spread these reports back in '95/'96 when it wasn't true, Eisner took them to heart and MADE it true. Iger isn't like that. Heck, even Chapek, for his faults, didn't take things to THAT extent.

Let's not forget that even Eisner wasn't the company's darkest hour. That was between WWII and Disneyland, when Walt was still alive.

Bob is that you?

 

[Disstevefan1]

I firmly believe that is his plan as of now. I've even posted (only partially joking) about it twice.

 

[HauntedPirate]

View attachment 729932

Those bills are too small. Only $50's and $100's for His Eminence, Pope Bob the First.

 

[Mmoore29]

Bob is that you?

This is a very different Disney than the one Eisner left behind. Remember, Disney's stock was in the 20s, not the 80s. Peter Murphy and his strategic planning division was choking everyone. These brands added incredible firepower to Disney when it badly needed it. Disney is in far better shape than 2005. That is undeniable fact.

 

[Lilofan]

Those bills are too small. Only $50's and $100's for His Eminence, Pope Bob the First.

Bill Gates got honorary knighthood by the Queen. Not even Bob .

 

[lazyboy97o]

What other sector would there be to run? He's not a creative so he's not going to run a studio...

Why are you stuck on him not being named COO?

Him not being COO is important because you claimed he was moved around to be trained when he didn’t really move around at all. Now you’re saying being chair of Parks, Experiences and Products was enough training and experience. But that’s apparently not actually good enough because otherwise D’Amaro would have the training and experience.

 

[Kamikaze]

Him not being COO is important because you claimed he was moved around to be trained when he didn’t really move around at all. Now you’re saying being chair of Parks, Experiences and Products was enough training and experience. But that’s apparently not actually good enough because otherwise D’Amaro would have the training and experience.

COO isn't a position where you gain experience running a division, though.

 

[mightynine]

Is Iger going to be treated like the Pope? CEO until you die.

"We're here at Liberty Square in Walt Disney World's Magic Kingdom, awaiting word of The Walt Disney Company's Board of Directors decision on a new Chief Executive Officer, after Bob Iger's Tesla-powered Liv4Ever system failed due to an inadvertent xAI change that placed Twitter's rate limits on all devices connected to it. The search has continued now for almost t.....wait, wait, I'm now seeing white smoke from the Admiral Joe Fowler, I believe we have a decision! This is momentous....apologies, my apologies, this was just the start of the 1:45pm Genie+-exclusive cruise, available only to those who pre-booked 450 days out with the 'It's the only thing available' option."

 

[Sirwalterraleigh]

I would sure love for you to throw out a couple candidates.

I’ve been saying Scott Stuber and an accountant for quite awhile

Because there are execs all over Hollywood and the business world

And unless Iger is the emperor and clones himself…eventually someone will get that corner office

Iger wants that to be in Cupertino…from the looks of it. Trying to weasel out of the collapse of his philosophy.

 

[Sirwalterraleigh]

COO isn't a position where you gain experience running a division, though.

You know that Iger was the COO of Capitol cities when Eisner bought his scrawny butt and had the equivalent - largely ceremonial title at Disney for years after - right?

He had Frank wells job with 1/8 the skill and not actually doing the same job

 

[Mmoore29]

You know that Iger was the COO of Capitol cities when Eisner bought his scrawny butt and had the equivalent - largely ceremonial title at Disney for years after - right?

He had Frank wells job with 1/8 the skill and not actually doing the same job

He could've been the next Wells, if Eisner had named him instead of Ovitz. Iger would've grown into it and he would've been as effective as Wells, and Eisner wouldn't have chosen to micromanage.

 

[lazyboy97o]

COO isn't a position where you gain experience running a division, though.

So running which divisions gives the required experience? And can all of that really be crammed into a couple of years?

 

[Tha Realest]

Iger was at times deceptive in his words , even the interviewer was grilling him on questions. Iger mentioned looking at “ cost structure reflective of business “. In plain English , looking at layoffs, restructuring , possible selling of assets, looking at part ownership of assets .

So…Zaslav-lite

 

[Mmoore29]

So…Zaslav-lite

Iger is nothing like Zaslav. That's completely outrageous. He's not going to undo purchases like ABC, Pixar, Marvel, Lucasfilm or Fox by any means. He knows these are complementary assets. I don't see him doing anything beyond selling assets in India, where there's a lot of value to unlock and a lot of streamlining to do there. But he's not going to be "Zaslav-lite."

 

[Tha Realest]

Iger is nothing like Zaslav. That's completely outrageous. He's not going to undo purchases like ABC,

 

[Mmoore29]

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ABC isn't going anywhere. If Disney was going to sell it, it would've by now. If it hasn't happened by now, it never will.

These are the facts: ESPN will go DTC. Disney will buy out Comcast's stake in Hulu. Hulu itself will be shut down as its content moves to Disney+. Disney will sell off much of the India assets. But ABC and Freeform aren't going anywhere, because Disney is not going to undo one of its most strategic acquisitions, a set of complementary assets alongside Pixar, Marvel, Lucasfilm and Fox.

 

[Sirwalterraleigh]

He could've been the next Wells, if Eisner had named him instead of Ovitz. Iger would've grown into it and he would've been as effective as Wells, and Eisner wouldn't have chosen to micromanage.

So is that why Bob is doing with an amplification factor now?

Did any of you not live through the “post heart attack eisner” years?

Cause this much worse. Just with a higher stock price. But the markets are gambling now and companies used to have to actually put up the numbers to get bumps.
Big difference.

And speaking of heart attacks…how old is Bob?
So why can’t we get around to succession for 15 years?

Because this is a grade school playground issue ego game. Has been for years. Roberts conned him into overpaying for Fox and he swallowed the hook with little effort…

And yet how many just can’t bring themselves to criticize him or recognize any of the problem?
Just can’t do it.

1. You can be a huge of Disney and criticize it. The two are not exclusive of each other. There are many of us who are HUGE fans and don’t want it to implode based on bad management.
2. Bob Iger is not Disney. You want to be a fan of Disney? Act like one. Want to be a fan of Bob? That’s cool too.

However those things ARE mutually exclusive.

Root for the laundry