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

[Sir_Cliff]

It's also tricky because Trian would have benefited from the first leak, while Disney would have benefited from the second leak. It suggests the leaker doesn't care who wins or loses. And it's also interesting that it describes "people," suggesting multiple parties confirmed the leak.

Would Trian have benefited from the first leak? If you want to motivate people who are worried about Peltz being on the board to vote, it would be in your interest to make people think he could win.

 

[Andrew C]

There's gotta be some self-reflection at the board for sure. They must make sure this doesn't happen again.

They will do no such thing. Expect them to double down on the nonsense.

 

[Sir_Cliff]

They will do no such thing. Expect them to double down on the nonsense.

What is the nonsense in this case?

 

[Casper Gutman]

They will do no such thing. Expect them to double down on the nonsense.

What nonsense?

 

[Vegas Disney Fan]

What is the nonsense in this case?

Off the top of my head…

Not investing in the parks.
When they do they just replace rides rather than adding rides.
Taking half a decade to finish a ride.
Announcing projects and then not doing them.
Prioritizing message over story.
Cutting perks while increasing prices.
Extending Iger for the 367th time.
Offering less while charging more. (I know I said that one twice but it’s their worst offense).

 

[Sir_Cliff]

Off the top of my head…

Not investing in the parks.

On just this first point, Iger was promising a lot of investment in the parks and Peltz was asking for more scrutiny of this investment to prove ROI.

 

[Vegas Disney Fan]

On just this first point, Iger was promising a lot of investment in the parks and Peltz was asking for more scrutiny of this investment to prove ROI.

We’ve been hearing about investment for half a decade, I’m not holding my breathe it’s going to happen.

At least Anaheim will get a couple million dollar penalty when Disney doesn’t follow through this time.

 

[Sir_Cliff]

We’ve been hearing about investment for half a decade, I’m not holding my breathe it’s going to happen.

At least Anaheim will get a couple million dollar penalty when Disney doesn’t follow through this time.

Which investment are you talking about that was promised and hasn't happened in the past five years?

 

[Vegas Disney Fan]

Which investment are you talking about that was promised and hasn't happened in the past five years?

Hotel at DL, DVC at the campground, Mary Poppins at Epcot, SSE refresh at Epcot, E ticket at Avengers Campus…

 

[Trauma]

This is the best possible outcome.

No Peltz on the board.

Iger has been weakened.

This will end well for Disney.

 

[Sir_Cliff]

Hotel at DL, DVC at the campground, Mary Poppins at Epcot, SSE refresh at Epcot, E ticket at Avengers Campus…

Other than the E at Avengers Campus, was this a bad outcome considering a global pandemic occurred after all of these were announced? For the most part, I'm glad these things never happened.

 

[Vegas Disney Fan]

Other than the E at Avengers Campus, was this a bad outcome considering a global pandemic occurred after all of these were announced? For the most part, I'm glad these things never happened.

I disagree, I’d take the DVC at the campground over the budget Poly DVC they replaced it with in a heartbeat, the Mary Poppins area looked charming and a great use of a small unused space, SSE desperately needs a refresh… I just remembered the play pavilion, which they also cancelled so the big building that’s been unused for a decade remains an empty building. Woohoo.

 

[Sir_Cliff]

I disagree, I’d take the DVC at the campground over the budget Poly DVC they replaced it with in a heartbeat, the Mary Poppins area looked charming and a great use of a small unused space, SSE desperately needs a refresh… I just remembered the play pavilion, which they also cancelled so the big building that’s been unused for a decade remains an empty building. Woohoo.

I don't like the Poly DVC, but I don't think that was a case of either/or: both were probably going to happen and both are bad. This is subjective, but the Mary Poppins attractions looked like a waste of money to me. Surely a small dark ride would have been a better use of that money. SSE does need a refresh and that potentially is something that should have happened, though I am kind of happier it might happen in a post-Chapek era. Didn't like the plans for the Play! pavilion, so not too unhappy they didn't happen.

 

[BrianLo]

I have no idea if this is true or not but I liked it solely because I pray you are correct.

I know many people here don’t expect the next CEO to be any more park friendly than Iger is, and that he‘s just a reflection of corporate America, but I still hold out hope the next CEO will be an early Eisner type who loves the parks as much as Walt did. It’s that hope that keeps my Disney fandom going.

I’m settling for a parks exec who seems to actually like the parks and a CEO who is willing to give them a long leash.

Hotel at DL

To be fair, this was canned by the city of Anaheim and basically what started the need for DL Forward push. Disney legitimately meant to build this and couldn't, so they added VDH instead.

There's no excuse for the Avengers ride though. The rest have significant context.

 

[Vegas Disney Fan]

I’m settling for a parks exec who seems to actually like the parks and a CEO who is willing to give them a long leash.



To be fair, this was canned by the city of Anaheim and basically what started the need for DL Forward push. Disney legitimately meant to build this and couldn't, so they added VDH instead.

There's no excuse for the Avengers ride though. The rest have significant context.

Totally agree with the first part, I’d settle for a CEO that allows the parks person some freedom without penny pinching.

As for the second they still could have built the hotel, they just lost the tax break and decided against it... which is why I’m so skeptical of them actually spending what they say they will, they may 100% intend to spend $60 billion but if any conditions change they will stop those plans in a heartbeat. If the economy slows they’ll cancel, if there’s another health issue they’ll cancel, if tourism numbers drop they’ll cancel, if interest rates go up they’ll cancel… it’s so funny that they’ll lose hundreds of millions on movies and not blink an eye but everything to do with the parks has a ROI goal and if anything changes that will impact that ROI they’ll cancel plans immediately.

 

[Sir_Cliff]

As for the second they still could have built the hotel, they just lost the tax break and decided against it... which is why I’m so skeptical of them actually spending what they say they will, they may 100% intend to spend $60 billion but if any conditions change they will stop those plans in a heartbeat. If the economy slows they’ll cancel, if there’s another health issue they’ll cancel, if tourism numbers drop they’ll cancel, if interest rates go up they’ll cancel… it’s so funny that they’ll lose hundreds of millions on movies and not blink an eye but everything to do with the parks has a ROI goal and if anything changes that will impact that ROI they’ll cancel plans immediately.

But would any of that have changed if Peltz had of been on the board? Would he have forced them to spend whatever they had committed to even if economic conditions completely changed? Everything points to him not wanting them to spend what they had already committed to.

 

[Vegas Disney Fan]

But would any of that have changed if Peltz had of been on the board? Would he have forced them to spend whatever they had committed to even if economic conditions completely changed? Everything points to him not wanting them to spend what they had already committed to.

All indications are Peltz and Co lost so we’ll never know, now the focus goes back to whether anything will change since it’s essentially the same people who were already running the show, which is why we’re worried that the status quo will carry on.

 

[BrianLo]

Totally agree with the first part, I’d settle for a CEO that allows the parks person some freedom without penny pinching.

As for the second they still could have built the hotel, they just lost the tax break and decided against it... which is why I’m so skeptical of them actually spending what they say they will, they may 100% intend to spend $60 billion but if any conditions change they will stop those plans in a heartbeat. If the economy slows they’ll cancel, if there’s another health issue they’ll cancel, if tourism numbers drop they’ll cancel, if interest rates go up they’ll cancel… it’s so funny that they’ll lose hundreds of millions on movies and not blink an eye but everything to do with the parks has a ROI goal and if anything changes that will impact that ROI they’ll cancel plans immediately.

I mean… they did build the DVC ultimately via VDH. They pivoted to a Downtown Disney rebuild instead in that former plot, it’s not like the intent was lost. They are also pivoting to hotels on the Toy Story lot as well. Just like they flipped the Eastern Gateway to the Pixar garage instead - though the eastern gateway is still on the docket.

It’s a unique perspective though, I don’t think most people are upset about Reflections or the four star DL hotels getting delayed or modified. You certainly assembled a list that I would be surprised if any other poster landed on the same list of grievances.

 

[Slpy3270]

Elon Musk Backs Nelson Peltz In Disney Proxy Fight After Polls Close

Elon Musk is backing Nelson Peltz in the proxy battle for the future of Disney, with results of its boardroom vote set to be revealed.

deadline.com

Note that he made his endorsement after the polls already closed. He still thinks he's some guru that can sway opinion.

 

[mikejs78]

I disagree, I’d take the DVC at the campground over the budget Poly DVC they replaced it with in a heartbeat, the Mary Poppins area looked charming and a great use of a small unused space, SSE desperately needs a refresh… I just remembered the play pavilion, which they also cancelled so the big building that’s been unused for a decade remains an empty building. Woohoo.

All indications are Peltz and Co lost so we’ll never know, now the focus goes back to whether anything will change since it’s essentially the same people who were already running the show, which is why we’re worried that the status quo will carry on.

All those things were green lit when Iger was CEO and cancelled when *Chapek* was CEO. What can you point to that was cancelled during Iger's tenure?