Jrb1979
Well-Known Member
It's pretty bad when you have to take the lesser of two evils.
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
Sirwalterraleigh
Premium Member
Say WHAT?!?
Sirwalterraleigh
Premium Member
There is no magic…there never was…
What there used to be was better ideas and better management decisions.
Call it “magic” if you want…but it isn’t there now.
So reject pelz… no problem with that.
Reject Iger too. It’s long past time.
Vote for alternative directors under the mandate of an immediate executive search and transition. Firm dates…no delays, shenigans, ego in it own echo chamber.
Just do it
Sirwalterraleigh
Premium Member
Of course he does…he created all the problems and is trying the same schtick
peter11435
Well-Known Member
Magic is a product Disney has marketed and cultivated for years. A product that peltz has no interest in.
WoundedDreamer
Well-Known Member
Exactly. It was under Iger's brilliant leadership that Disney has expanded into new franchises like the Simpsons, Family Guy, Aliens, Deadpool, Avatar, and FX. His management of the family friendly Disney brands is unsurpassed!
peter11435
Well-Known Member
Disney ventured into non family friendly content decades before Iger was in the picture.
Nothing you listed is marketed under the Disney brand.
Dranth
Well-Known Member
Anyone considering voting for Peltz, please read what he wrote carefully. It is 100% money focused, things like heavy park investment do not happen under a person like that once they get their way because that is share holder value being taken away. Cost savings, larger dividends and stock buy backs are the name of the game for him. Don't believe his own words, how about this:
- He thought Chapek was awesome.
- He is bringing Jay Rasulo with him.
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WoundedDreamer
Well-Known Member
Yeah, it was stupid back then too. It's how Michael Eisner got his foot in the door and we got Touchstone and Miramax. Got to love those Weinstein Brothers! And with the fusion of Disney+ with Hulu incoming (already something that has happened internationally), we will see Disney+ become home to R-Rated movies and TV Shows.
When Steve Jobs basically commandeered the Iger CEOship position, he directed Disney to exit the adult industry. Why? Because Disney needed a clear brand focus. Iger did that only to about face now. Oh if only we still had Steve Jobs telling Iger what to do!
Dranth
Well-Known Member
I have tons of problems with Iger but I don't get this one. Eisner did the same by putting adult content under other studios Disney owned. He even put Alien IN a Disney park and wanted to put it in MK but was talked out of it. That is how we got AE in Tomorrowland.
Sirwalterraleigh
Premium Member
Yeah…that’s kinda the deal when you’re a public company…
Disney should Not Be one…but we can’t wish it and make it so.
The reality is it’s time for Bob to go. Wall Street doesn’t support him anymore. A lot of the problems diminish if you bag him and get Peltz/perlmutter off that trail.
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WoundedDreamer
Well-Known Member
I think the building is already well and truly on fire at this point. They have destroyed Marvel, Pixar, Disney Animation, Lucasfilm, and Walt Disney Studios is looking mighty sick.
Yes, and it was a mistake. A company needs focus. Steve Jobs ushered in Disney's Neo-Renaissance with his two compatriots Ed Catmull and John Lasseter. The three of them steered Iger to dramatically reduce the amount of content they were creating and exit the mature-film industry. Disney wouldn't get as many Academy Awards as when they had Touchstone and Miramax, but they would have the loyalty of tens of millions of consumers.
The Jobs Era ended with Lasseter's firing. And Disney is now unwinding.
WoundedDreamer
Well-Known Member
I don't pretend to say that Peltz is the creative leader who will bring Disney back from the brink. If Peltz really wanted to ruffle feathers... He needs Lasseter. The company needs him badly. A Peltz/Lasseter team would restore sanity at Walt Disney Co.
But that's probably not going to happen. But it would be sweet sweet revenge! Imagine Lasseter coming back to the building as Iger is packing up. One can dream!
But that's probably not going to happen. But it would be sweet sweet revenge! Imagine Lasseter coming back to the building as Iger is packing up. One can dream!
peter11435
Well-Known Member
Disney is up in after hours trading after the news of Iger’s contract being extended again. I think it might be just a little bit of hyperbole to say “Wall Street doesn’t support him anymore.”
Dranth
Well-Known Member
I have no problems with Bob going, just not going to support handing it off to someone worse.
Dranth
Well-Known Member
What?!?! Did I miss something?
Horizonsfan
Well-Known Member
Edit: headlines are promoting an extension, but it appears its just a reiteration of the one that already occurred (until 2026)?
Dranth
Well-Known Member
Am I just not seeing this or reading it wrong? He came back on in 2022 and it says he is leaving in 2026, that is the 2 original years plus the 2 year extension we already knew about. Doesn't sound like there is any new extension.
peter11435
Well-Known Member
You are correct
Brian
Well-Known Member
Could someone please share why the consensus around here is Peltz is the bad guy? The things he lays out in the letter are common sense. Executive compensation should absolutely be tied to the company's performance. Disney+ needs to be profitable. Parks are the crown jewel of the company and should be funded that way. The films they've put out in recent years have, with few exceptions, been lacking in creativity.
Are folks assuming that he has motives antithetical to his letter, or are they opposed to what he has laid out?
Are folks assuming that he has motives antithetical to his letter, or are they opposed to what he has laid out?