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

[Sirwalterraleigh]

It could be. It could very well be that pressure from Peltz is causing Iger to change direction.

But even the, Iger showing the ability to change course based on feedback and recommendations from others is a strong win for him being the best leader of the company. No one, not even Peltz, was recommending removing him, and even his harshest critics are saying they want to ensure the company is run in the Iger fashion after he does eventually leave. That's important.

…as long as you ignore all current failings…he’s fantastic

 

[Disney Irish]

Yes, getting one seat on the board is just a few chess moves away from saying, “You won’t believe how awful this board is! I have seen it on the inside! Throw them out and make me CEO!”

Or just get a simp CEO installed and slowly start replacing board members with those aligned with Peltz.

Jobs did that very thing within 6 months of returning to Apple in the late 90s, had the board oust Amelio and name him CEO and he then replaced that board a month later with members that aligned with his vision.

People think this stuff can't happen with just a single seat. History shows it can.

 

[Slpy3270]

Or just get a simp CEO installed and slowly start replacing board members with those aligned with Peltz.

Jobs did that very thing within 6 months of returning to Apple in the late 90s, had the board oust Amelio and name him CEO and he then replaced that board a month later with members that aligned with his vision.

People think this stuff can't happen with just a single seat. History shows it can.

And that's probably what shareholders are aching for. Something  new.

Iger may be very popular among investors but they also think he's overstayed his welcome. The problem is they're going to put one of the worst people alive in charge of that change.

 

[Disney Irish]

And that's probably what shareholders are aching for. Something  new.

Problem is in that scenario that something "new" is breaking up the company and selling it for parts until there is no company.

 

[Vegas Disney Fan]

And that's probably what shareholders are aching for. Something  new.

Iger may be very popular among investors but they also think he's overstayed his welcome. The problem is they're going to put one of the worst people alive in charge of that change.

Technically they’re giving him an 8% influence on that change. A voice at the table but FAR from being in charge of that change.

 

[Jrb1979]

Technically they’re giving him an 8% influence on that change. A voice at the table but FAR from being in charge of that change.

If he gets in, it will be enough to cause problems and be a pain in Igers friends on end board.

 

[Slpy3270]

Problem is in that scenario that something "new" is breaking up the company and selling it for parts until there is no company.

That's quite literally what a not insignificant number of investors want. A smaller, less profitable business that's worth $300 a share. Peltz helped do this with GE, which will no longer exist after next week.

When you're tied to declining business and have pretty large debt, investors won't believe any growth story you sell as CEO.

 

[jpinkc]

Apropos any discussion of Iger’s franchise management, what’s the next SW feature going to be and when’s it being released? Or does that not matter because SW, the most lucrative brand in movie history, has become a teaser for subscribing to Disney’s streaming service?

You mean besides an Abject Creative Disaster and Financial one too. The Mandalorian is hurt more with the move to Movie, than having a regular season. The gaps between seasons killed alot of interest in it to me. We havent had multiple years between seasons on most shows they come in a yearly cycle. We (Americans) just dont seem to respond well to several years between seasons. I have to wonder WTH Disney was thinking with such huge gaps.

 

[Tha Realest]

If he gets in, it will be enough to cause problems and be a pain in Igers friends on end board.

I thought Iger was gone soon. I don’t see why this is a problem. Setting aside whether the CEO should have “friends” on the board.

 

[Sirwalterraleigh]

Yep, and that is the best case. If he gets any traction moving forward then it becomes a bigger problem, at least based on what he has said he wants to do so far.

It's exactly why I am so puzzled by all the people who are all for this. It would be one thing if the man had an honest interest in the company and some interesting ideas. Something, anything useful to bring to the table. He doesn't.

There’s almost no one here that’s “all for this”

They’re for a new direction for Disney that doesn’t consist of high priced suck

This is a fan forum…but it doesn’t mean we have to be dogs with nametags who don’t think

 

[Disney Irish]

Technically they’re giving him an 8% influence on that change. A voice at the table but FAR from being in charge of that change.

Being "in charge" of that change doesn't have to occur overnight.

 

[Disney Irish]

That's quite literally what a not insignificant number of investors want. A smaller, less profitable business that's worth $300 a share. Peltz helped do this with GE, which will no longer exist after next week.

When you're tied to declining business and have pretty large debt, investors won't believe any growth story you sell as CEO.

Not quite the way I read what a majority of investors want out of Disney.

 

[Sirwalterraleigh]

You mean besides an Abject Creative Disaster and Financial one too. The Mandalorian is hurt more with the move to Movie, than having a regular season. The gaps between seasons killed alot of interest in it to me. We havent had multiple years between seasons on most shows they come in a yearly cycle. We (Americans) just dont seem to respond well to several years between seasons. I have to wonder WTH Disney was thinking with such huge gaps.

Oh don’t start that…there are those that refuse to admit they bombed it.

But they did

 

[Slpy3270]

If he gets in, it will be enough to cause problems and be a pain in Igers friends on end board.

Just ask John L. Flannery, who Peltz brought in to "fix" GE only to have him fired a year later when the "fixes" didn't work (and led to GE getting removed from the Dow). That, of course, led to the company being broken up, which was likely what Peltz wanted all along.

 

[Sirwalterraleigh]

Not quite the way I read what a majority of investors want out of Disney.

lol…explain to me what a “majority” of Disney investors want…

Because there’s only one right answer.

 

[Dranth]

There’s almost no one here that’s “all for this”

They’re for a new direction for Disney thad doesn’t consist of high priced suck

This is a fan forum…but it doesn’t mean we have to be dogs with nametags who don’t think

Great, now show me the currently available candidate who supports that? There aren't any, hence the problem with the people voting for Peltz. Those withholding who claim not to want him there are hoping everyone else does enough to keep him out. I say why chance it?

Shoot down Peltz and start an actual referendum on Iger himself if people want him gone.

 

[Tha Realest]

Great, now show me the currently available candidate who supports that? There aren't any, hence the problem with the people voting for Peltz. Those withholding who claim not to want him there are hoping everyone else does enough to keep him out. I say why chance it?

Shoot down Peltz and start an actual referendum on Iger himself if people want him gone.

The two board members often singled out in guidance for voters to not retain are Michael B.G. Froman and/or Maria Elena Lagomasino.

Both appear to principally have banking and/or government service backgrounds - which, hey, great, but nothing in the media, tourism, or technology sectors.

While everyone bashes the proxy alternatives, I’ve not heard anyone make a compelling case for why either of these two should remain on the board.

 

[Disney Irish]

lol…explain to me what a “majority” of Disney investors want…

Because there’s only one right answer.

In order -

1. First and foremost a solid succession plan. I'm pretty sure everyone here agrees.
2. Continued return on investment. Not anything earth shattering there.

Anything else is just talking points for analysts on CNBC.

 

[Dranth]

The two board members often singled out in guidance for voters to not retain are Michael B.G. Froman and/or Maria Elena Lagomasino.

Both appear to principally have banking and/or government service backgrounds - which, hey, great, but nothing in the media, tourism, or technology sectors.

While everyone bashes the proxy alternatives, I’ve not heard anyone make a compelling case for why either of these two should remain on the board.

I'll give it a stab.

Best I can tell, neither has run a company into the ground or raided one to unnecessarily sell off parts for short term stock gains. That already sounds like an improvement over Peltz.

ETA: I should include that one of the biggest problems I have with Peltz, other than some of his gross social commentary, is that in practice, he operates like your run of the mill corporate raider. He comes in, cuts costs to the bone to improve margins and makes lots of money doing it. Disney needs change but how does that kind of change help us?

 

[Tha Realest]

I'll give it a stab.

Best I can tell, neither has run a company into the ground or raided one to unnecessarily sell off parts for short term stock gains. That already sounds like an improvement over Peltz.

ETA: I should include that one of the biggest problems I have with Peltz, other than some of his gross social commentary, is that in practice, he operates like your run of the mill corporate raider. He comes in, cuts costs to the bone to improve margins and makes lots of money doing it. Disney needs change but how does that kind of change help us?

“Neither has run a company into the ground”

Meanwhile, the company they’ve helped run since at least 2018: