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

[Sir_Cliff]

But then they’ll get to brag about they were right when little happens because active projects were cancelled.

All you can do is shake your head. Some will get pleasure the worse things get because they enjoy the trolling aspect of it all, while it seems others are being played for useful idiots convinced to vote for more value engineering and profit gauging in the parks under the banner of 'restoring the magic' because of their discontent with current management.

I just don't understand how anyone looks at the actors involved and thinks "these people have my back as a consumer."

 

[monothingie]

US pension fund CalPERS backs Peltz, Rasulo in Disney board battle

NEW YORK (Reuters) -The California Public Employees Retirement System (CalPERS) said on Friday it voted to elect activist investment firm Trian Fund Management's two director candidates to Walt Disney's board, in one of the most closely watched and expensive battles for corporate control...

finance.yahoo.com

Yeah I don't see Iger winning this thing. Why he's not thinking about leaving right now is a mystery.

(CALPers owns a larger share than New York Retirement Systems BTW.)

Well this is becoming interesting.

 

[Casper Gutman]

Seriously? Have you not seen the cesspool of hot sewage that $DIS has become under Iger-Chapek-Iger2?

Domestic Parks - worse
Studios - worse
Public Perception - worse
Linear TV - worse
Sports - worse
Streaming - likely break even or slightly profitable - but only through cost cutting and savings from the strikes - but still no where near the panacea of profit promised a decade ago, and it will take a long, long, long time to recoup the billions already spent on it.

"public perception"

I dunno, my "perception" of the company is fine.

We can do this dance again, if you'd like, everyone knows the beat... Hollywood in unprecedented crisis... streaming profitability on track for exact quarter Disney pinpointed years ago... Wall Street gave no choice but to dive into streaming... box office leader seven years in a row...

But please, tell me, with specifics based on what they have said and how they have performed in the past, how Peltz and Perlmutter will make any of this better. If you're just going to rant about Iger, however, kindly see yourself out.

 

[monothingie]

But then they’ll get to brag about they were right when little happens because active projects were cancelled.

Or maybe more projects will be undertaken because the board has pressure on it?

You see all the “spaghetti” that was thrown against the wall in response to the potential of Peltz, now imagine if he had a seat or two.

 

[Brian]

Iger had a great run when he first took over as CEO. His stewardship of the company was impressive and he did a lot of great things. However, it is abundantly clear that he has overstayed his time, and it's far past time for him to go. His cost cutting, poor creative decisions, and failure to see the writing on the wall about certain assets is highly damaging to the company.

 

[Casper Gutman]

I love the feigned shock... Oh wow, the billionaire vulture who has successfully feasted upon numerous corporate giants over four decades may successfully feast on another corporate giant? Oh my stars and garters!

 

[Tha Realest]

Well this is becoming interesting.

CalPERS siding with Peltz and Rasulo? Why aren’t they listening to Josh Gad and reading Peltz’s recent interviews?

Or, just maybe…

They have and as repulsive as they find Trian, they find Iger’s status quo even worse?

 

[lazyboy97o]

Or maybe more projects will be undertaken because the board has pressure on it?

You see all the “spaghetti” that was thrown against the wall in response to the potential of Peltz, now imagine if he had a seat or two.

Peltz is the one saying the planned investment is “exceptionally large” and needs to be paused for further review. Why is there so much refusal to discuss Peltz’s own words?

 

[monothingie]

"public perception"

I dunno, my "perception" of the company is fine.

Numerous reputable polling firms disagree with you.

We can do this dance again, if you'd like, everyone knows the beat... Hollywood in unprecedented crisis...

Old news. The disruption has gone on for 4 years already.

streaming profitability on track for exact quarter Disney pinpointed years ago... Wall Street gave no choice but to dive into streaming...

Netflix and Amazon can make it work.

box office leader seven years in a row...

Factually wrong.

But please, tell me, with specifics based on what they have said and how they have performed in the past, how Peltz and Perlmutter will make any of this better. If you're just going to rant about Iger, however, kindly see yourself out.

They can’t do anything with 2 seats. Not a thing.

You tell me what Iger and Chapek have done over the past decade which have improved things for guests, subscribers, and shareholders?

Then you tell me what Iger and his board will do to improve things for those same groups going forward?

 

[Brian]

Peltz is the one saying the planned investment is “exceptionally large” and needs to be paused for further review. Why is there so much refusal to discuss Peltz’s own words?

It is exceptionally large, and as a publicly traded company, Disney should be doing all it can to ensure good shareholder returns on this massive investment.

 

[monothingie]

Peltz is the one saying the planned investment is “exceptionally large” and needs to be paused for further review. Why is there so much refusal to discuss Peltz’s own words?

Planned investment in what? China? Linear TV? Replacing the popcorn lightbulbs at the Grand Floridian?

You tell me what he was specifically referring to.

 

[lazyboy97o]

Planned investment in what? China? Linear TV? Replacing the popcorn lightbulbs at the Grand Floridian?

You tell me what he was specifically referring to.

So we’re back to claiming that he’s going to do something and ignorance of his actual statements?

 

[JoeCamel]

CalPERS siding with Peltz and Rasulo? Why aren’t they listening to Josh Gad and reading Peltz’s recent interviews?

Or, just maybe…

They have and as repulsive as they find Trian, they find Iger’s status quo even worse?

CalPERS has a record of bad calls in investing. Lots of clout but judgement is by a very large committee

 

[monothingie]

So we’re back to claiming that he’s going to do something and ignorance of his actual statements?

No one is disputing his public comments. Do you have specifics or knowledge of what exactly he was referring to in reviewing future investments for scrutiny?

The current stewards don’t have any issue throwing away money on garbage. Indy 5, Star Wars, Marvel…

 

[Brian]

The current stewards don’t have any issue throwing away money on garbage. Indy 5, Star Wars, Marvel…

Don't you understand that the company should be permitted to throw away billions upon billions on garbage with impunity?

 

[monothingie]

CalPERS has a record of bad calls in investing. Lots of clout but judgement is by a very large committee

Such as? I would genuinely be curious to know their screwups.

 

[Stripes]

His cost cutting, poor creative decisions, and failure to see the writing on the wall about certain assets is highly damaging to the company.

Peltz wants even more cost cutting. Creative successes and failures ebb and flow. Disney had the greatest run in the past 10 years of any studio in history. And recent TV productions have been stellar.

I think Iger saw the writing on the wall more than most executives in Hollywood, but those linear TV assets were helping to keep the company on solid footing during the pandemic and although it was clear their future was bleak they couldn’t exactly do much with them until the value of the assets had faltered.

 

[Casper Gutman]

No one is disputing his public comments. Do you have specifics or knowledge of what exactly he was referring to in reviewing future investments for scrutiny?

The current stewards don’t have any issue throwing away money on garbage. Indy 5, Star Wars, Marvel…

Marvel is the most successful film franchise in Hollywood history.

 

[monothingie]

Peltz wants even more cost cutting. Creative successes and failures ebb and flow. Disney had the greatest run in the past 10 years of any studio in history. And recent TV productions have been stellar.

There is no reason why almost every single major Disney production had a $250M+ price tag, not including marketing. Disneys biggest problem in streaming and studios is that they CAN NOT control their costs.

Their streaming productions have for the most part become failures. Multiple recent MCU Disney+ flops. The recent Star Wars D+ flops. Even ratings data suggest that the Swift concert D+ thing flopped.

 

[monothingie]

Marvel is the most successful film franchise in Hollywood history.

Yes but what has it done lately?



That’s all that matters.