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

[Casper Gutman]

You don’t agree with me…I get it. I’m not going to “out myself” for being “pro-old man”…because I NEVER WAS. I want a transition to the next person(s). And accept the risks.

I asked you why you think the next person will be better. The question stands.

As far as that shade routine goes. My promise is to not ignore it anymore. It’s out of line and uncalled for. Talk about Disney without deciding someone’s evil when you can’t win the argument.

You can put away the righteous indignation. No one on these boards throws more “shade” than you. I’m not even sure what set you off today.

I don’t make determinations based on “winning the argument.” I read what posters write. Agreeing with Perlmutter’s content ideas has meaning.

Now, let’s cut this out. It’s not a productive conversation or one I intended to have.

 

[Vegas Disney Fan]

So, potential deadly levels of radiation to cure a cancer that will go away on its own in two years? I get the frustration people have but that seems like an extreme risk where none is needed.

The problem is this is the same board that hasn’t been able to find a replacement for Iger in a decade, and when they finally had no choice they chose Chapek, who was even worse than Iger. Forgive me for not expecting the problem to be fixed in 2 years (maybe) when the same people who chose Chapek choose Chapek 2.0.

Iger is a problem but not the problem.

This is why I want a shakeup on the board, they control the future of Disney, not Iger, and I’m worried without a shakeup we’ll get more of the same.

People keep saying look at Peltz history and you should fear for the future, I’m looking at the boards history and fearing for the future.

 

[Dranth]

5th time will be the charm, right?

Iger doing another extension is out of the question, the street would riot and bury him immediately if he drove out the next heir apparent by staying on as CEO past 2026. That may have worked in the past but isn't going to fly going forward.

Just look at the concern they have today about selecting the next CEO. That is only going to get worse as time goes on.

 

[Casper Gutman]

Iger is a problem but not the problem.

This is absolutely true.

This is why I want a shakeup on the board, they control the future of Disney, not Iger, and I’m worried without a shakeup we’ll get more of the same.

On what do you base the idea that Peltz, Rasulo, and Perlmutter will in any way make a more favorable outcome likely? They have long track records and have made lots of statements.

 

[BrianLo]

I’ll reiterate my ‘personal’ stance that negative sentiment often significantly lags recovery. Market sentiment is far more forward looking. Generally the best time to invest is as a recession is being declared.

Course correction started in early 2023. Sentiment has bottomed possibly with Wish. Markets started to recognize the recovery in Fall of 2023.

So no, I don’t personally support that Disney is on the wrong trajectory. They are actually heading the right direction and people aren’t recognizing it yet. Everyone who is complaining Disney is in a creative/investment/financial/leadership recession are missing that the recession has in fact ended several quarters ago.

But no - that does not mean management has had a change of heart and we’re in for originality all the time either. That ship sailed decades ago.

 

[peter11435]

More like radiation, something that is horrible in every way but has turned out to be an affective treatment for cancer.

No. Cancer. Peltz has never been a treatment for anything.

 

[Dranth]

The problem is this is the same board that hasn’t been able to find a replacement for Iger in a decade, and when they finally had no choice they chose Chapek, who was even worse than Iger. Forgive me for not expecting the problem to be fixed in 2 years (maybe) when the same people who chose Chapek choose Chapek 2.0.

Iger is a problem but not the problem.

This is why I want a shakeup on the board, they control the future of Disney, not Iger, and I’m worried without a shakeup we’ll get more of the same.

It's not all the same board though.

There are 12 members not including Iger, five of them were not there when Chapek was selected. Three of the recent additions were on boards that handled major CEO transitions at large corporations and one of them was placed in charge of the committee to find the next CEO.

 

[BrianLo]

The problem is this is the same board that hasn’t been able to find a replacement for Iger in a decade, and when they finally had no choice they chose Chapek, who was even worse than Iger. Forgive me for not expecting the problem to be fixed in 2 years (maybe) when the same people who chose Chapek choose Chapek 2.0.

Iger is a problem but not the problem.

This is why I want a shakeup on the board, they control the future of Disney, not Iger, and I’m worried without a shakeup we’ll get more of the same.

People keep saying look at Peltz history and you should fear for the future, I’m looking at the boards history and fearing for the future.

You might have missed the Board was already shaken up. There’s very little continuity with ten years ago.

 

[Stripes]

…you mean with the dividend, the buyback, the slashing of costs in content and operations, or green lighting more sequels?

It’s like Christmas morning everyday

I’m happy with all of those decisions and then some.

There was that Florida lawsuit give in too…can’t forget that Gem

Jury is still out on that one, but it’s clearly an effort to extend an olive branch and deal with the state from a less hostile position. And Disney has all of their heads over a barrel. I assume Disney is going to announce some major projects for WDW this year, and if CFTOD puts up roadblocks, it would be politically damaging for DeSantis.

 

[Sirwalterraleigh]

You might have missed the Board was already shaken up. There’s very little continuity with ten years ago.

All rubber stampees

 

[Sirwalterraleigh]

I’m happy with all of those decisions and then some.

Well that’s not really a “Disney fan” then

…I’ll take a hit on 20 year old stock if they build me something and give me a new restaurant

 

[TalkingHead]

How do you think stock reacts based on the two primary outcomes? Drops, rises, or doesn’t fluctuate?

 

[monothingie]

It’s time…everyone knows it. Even a failed proxy battle is clear evidence of that

His contract keeps him on as a "consultant" through at least 6 years after his separation from the company. Even better, the countdown restarted when he came back. So the earliest you see him go is the end of 2031.

I wonder what the over/under is on if he gives up his office to the new CEO this time..

 

[monothingie]

 

[Sirwalterraleigh]

His contract keeps him on as a "consultant" through at least 6 years after his separation from the company. Even better, the countdown restarted when he came back. So the earliest you see him go is the end of 2031.

I wonder what the over/under is on if he gives up his office to the new CEO this time..

I don’t have to tell you…but many here are doing that “thing” where they think there isn’t a game going on…
Not understanding what happened when thanos snapped his fingers and Bob disappeared for a year - due to his own miscalculation

The cnbc chapek expose. Everyone should kill the time/take a break praying for bobs salvation before the shareholders meeting to reread it and note the subplot

 

[BrianLo]

All rubber stampees

You mean all collegial and non toxic? Don’t confuse that with being a rubber stamper. We don’t know how the current board will act, it’s mostly new.

Why is that a bad thing? Look how well things worked out in Anaheim by trying to add some dissenting opinions. Cancelled projects and less investment in their city.

The whole argument that Disney needs to be on a leash is odd. Considering the company we all crave was historically unleashed.

 

[Sirwalterraleigh]

How do you think stock reacts based on the two primary outcomes? Drops, rises, or doesn’t fluctuate?

It’s Wall Street…they’ll pump
It no matter what to claim victory and make a few bucks…

 

[Sirwalterraleigh]

You mean all collegial and non toxic? Don’t confuse that with being a rubber stamper.

Why is that a bad thing? Look how well things worked out in Anaheim by trying to add some dissenting opinions. Cancelled projects and less investment in their city.

The whole argument that Disney needs to be on a leash is odd. Considering the company we all crave was historically unleashed.

It’s not my opinion that matters…what are those investors/rating agencies saying?

They’re not against Disney…they’re against the ironclad “philosophy” it’s being run as and how they’ve lost an astonishing amount of public sentiment/pull in recent years

Maybe the business world is evil? Gotta be…none of them
Bought a ticket to see Wish or Little Mermaid

 

[Sir_Cliff]

So no, I don’t personally support that Disney is on the wrong trajectory. They are actually heading the right direction and people aren’t recognizing it yet. Everyone who is complaining Disney is in a creative/investment/financial/leadership recession are missing that the recession has in fact ended several quarters ago.

I kind of feel this way too about the company in general.

They've had a very rocky few years, but so has the entire entertainment industry and indeed the planet. If you can look past recent box office bombs to the bigger picture regarding which legacy entertainment companies are best set up to navigate the streaming era, surely Disney would be near if not at the top of the list. Disney+ seems like it's on the path to profitability and the studio seems to be re-tooling to reduce costs and output. As far as the parks are concerned, they finally seem to have acknowledged a desperate need for more capacity which is a shift from how they have been run for a long time. I know, I know: the response will be that it's all lies and the quarterly reports are fraudulent.

I would agree with those who argue Iger overall has not been good for the parks. I'm not sure, though, why this would be the moment when people would think we desperately need to bring in an 81 year-old from outside the entertainment industry to shake up the company and, among other things, demand more scrutiny on investment in the parks to ensure greater ROI just as it seems we're about to get some course correction.

 

[BrianLo]

How do you think stock reacts based on the two primary outcomes? Drops, rises, or doesn’t fluctuate?

In theory the market is efficient and already knows the outcome because it determines the outcome.