On Friday, Eisner released statement backing Iger and the Board.
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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
Dranth
Well-Known Member
Michael Eisner Backs Disney CEO Iger Amid Board Fight With Activist Investors: ‘The Company Is Now in Excellent Hands’
Michael Eisner has chimed in with support for Disney CEO Bob Iger amid the proxy battle being waged by activist investors.
variety.com
Sirwalterraleigh
Premium Member
Well that’s the height of irony…fromMichael Eisner Backs Disney CEO Iger Amid Board Fight With Activist Investors: ‘The Company Is Now in Excellent Hands’
Michael Eisner has chimed in with support for Disney CEO Bob Iger amid the proxy battle being waged by activist investors.
Panama Jack, apparently?
They really don’t like nelly. It’s understandable.
The problem is they’re here because they didn’t listen to the lessons of Roy. They left the core philosophy and it’s made them vulnerable
Create from within…never devalue your customers
Iger, Inc has been the opposite.
Wonder who else is going to come out of the woodwork to support Iger...
Dranth
Well-Known Member
This one surprised me at first but it made sense once I stopped to think about it and frankly, fits with what we have been seeing. Basically, most all the players who have any real knowledge of how an entertainment company works are supporting Iger. The ones who are supporting Peltz either want revenge (Jay and Perlmutter) or are 100% stock focused with no real inside knowledge on how a company like this should run.
Tha Realest
Well-Known Member
From another interview:Michael Eisner Backs Disney CEO Iger Amid Board Fight With Activist Investors: ‘The Company Is Now in Excellent Hands’
Michael Eisner has chimed in with support for Disney CEO Bob Iger amid the proxy battle being waged by activist investors.
Sirwalterraleigh
Premium Member
Not because he’s good
Eisner never liked Iger due to his lack of creative expertise
It’s just the lesser of two weevils in a scenario Iger has created
Dranth
Well-Known Member
Oh, I don't mistake his support for approval. I doubt Eisner would care much of it was someone other than a corporate raider but this is important enough to the company, which he does care about, to speak up.
I'm sure he won't shed many tears when Iger is replaced.
Dranth
Well-Known Member
What CEO wouldn't have loved Chapek back when they were raking it in on the vault releases?
As much as I don't like him, Chapek had some good instincts that were a good fit in the right place. He just didn't belong anywhere near the parks, dealing with the public, or in charge of the company
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Sirwalterraleigh
Premium Member
Funny how it looked different then, huh?
Sirwalterraleigh
Premium Member
It’s the ISS backing of Peltz that got Eisner to talk
He still has a pretty hefty stake and the old guard - and Eisner is it at this point - doesn’t want them broken up.
Very ironic. For all his flaws - Eisner loves Disney. Roy drug him through the mud (and he deserved most of it)…but he’s still loyal to the idea.
Bob loves Bob
Glad I can spell it out for everyone.
Sirwalterraleigh
Premium Member
I agree with all of this…but again - it is not being run well.
What is Bob doing? Sequels…jacking prices…and slashing costs. Yet ANOTHER “reorganization” - about his fifth - that smoke to cover mass layoffs.
The status quo ain’t working…option 3 is the smart play. It’s just hard to get to it with megamind holding on in perpetuity.
Sirwalterraleigh
Premium Member
There’s no mystery…it’s ego driven
But as far as the margin of win…it might be tighter than you think.
This isn’t about fans…this is about institutional investors. They’ve seen all their bets go way up for 4 years straight…except Disney which is languishing in 2016 territory. Still.
They may see a single seat as a fair compromise? State street, vanguard and black rock are very unlikely to care much what Abigail Disney says
Brian
Well-Known Member
Brian
Well-Known Member
Next up, the ghost of Robin Williams does a tight ten on why Trian is the worst.
JoeCamel
Well-Known Member
tanc
Well-Known Member
" Don’t leave magic to people who only understand it as dollars and cents."
Oh, so you mean Bob Iger and Bob Chapek? Don't want Peltz either, we just need a new CEO who I hope can push more original ideas in the parks. In 50 years, will Avatar have the staying power of all the classic Disney attractions? That's my main concern, is will people be riding Flight of Pandora 50 years later?
Oh, so you mean Bob Iger and Bob Chapek? Don't want Peltz either, we just need a new CEO who I hope can push more original ideas in the parks. In 50 years, will Avatar have the staying power of all the classic Disney attractions? That's my main concern, is will people be riding Flight of Pandora 50 years later?
asianway
Well-Known Member
I’m waiting for the blogger endorsements when he gets really desperate
Disstevefan1
Well-Known Member
Iger will cruise to an easy win. All the Disneyparks except WDW should be thankful as they all will be getting nice additions.
As for WDW, the most we can expect is more DVCs…..
As for WDW, the most we can expect is more DVCs…..