The Disney Board advised Comcast that their offer to buy Disney was too low.
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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
Kamikaze
Well-Known Member
Do your own research on how 'Save Disney' wasn't about 'saving' the company at all, just like 'Restore the Magic' wasn't about anything except vendettas and money.
Yes, the campaign precipitated his exit, but the campaign wasn't this great campaign against an evil CEO like you think it was.
Kamikaze
Well-Known Member
Again, thank you for the history lesson.
Yes you admit it helped his exit. Thank you.
Some may spin it but many are for sale including TWDC ( at the right price ).
Kamikaze
Well-Known Member
You're missing the point. You seem to think that Roy and Gold were out for the 'good' of Disney. That wasn't the case.
Kamikaze
Well-Known Member
Thats ... not how it works.
They got the shareholders on board , that was their goal. Seems like that is why Iger the cat with nine lives got another lifeline. ( ie Bye Bye Peltz and Rasulo ) in their unsuccessful campaign to get on the Board.
How much is it down from its all time high in 2022? That’s the important comparison point.
When Bob came back succession was a top priority. Almost 2 years later and they’re allegedly just getting started? If you think Bob isn’t positioned to extend his contract in perpetuity then I got a castle in Anaheim to sell you.
Tha Realest
Well-Known Member
It’s all that own Disney stock (e.g., the equivalent of a “closed primary”).
Kamikaze
Well-Known Member
For the matter of fending off Peltz, it isn't.
They have their internal candidates. When Iger came back there were no internal candidates.
Kamikaze
Well-Known Member
Not really, as you don't have giant funds/investments voting all of their shares (votes) at once in a political primary.
And it wasn't 1 v 1 Iger v Peltz as to who you were voting for. It was for Peltz to get Maria Elena Lagomasino's seat.
If it was Peltz vs Iger and the winner got Iger's board seat, I suspect the outcome would have been much more tilted in Iger's favor.
Brian
Well-Known Member
Peltz with reaction to Trian's loss, if he'll try again, and succession:
Some additional comments where Peltz claims that the figure cited in a WSJ article, in which they claim Trian made $300 million on this endeavor, is 'dramatically wrong', 'we did better than that':
Some additional comments where Peltz claims that the figure cited in a WSJ article, in which they claim Trian made $300 million on this endeavor, is 'dramatically wrong', 'we did better than that':
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brb1006
Well-Known Member
Bob Iger, After Winning Fierce Proxy Fight, Says Disney Board’s No. 1 Priority Is CEO Succession: ‘They’re Treating It With a Sense of Urgency’
Bob Iger said the Disney board is proceeding with "urgency" in trying to identify the next CEO and called the proxy fight a "distraction."
variety.com
Dranth
Well-Known Member
Only if you don't understand the issues with the industry. Both Comcast and Disney peaked in 2021 and as of today they are both off by similar amounts from those highs. Comcast by 38.5%, Disney by 39.1% and those are two of the three that weren't absolutely destroyed (Sony being the other). Everyone else has seen their value decrease from those highs anywhere from 50% to 85% for someone like Paramount.
We can complain all we want about parks and content choices, but from an investor point of view, which is what this was ALL about, Disney weathered this mess just as well as the best of them and worlds better than most.
TalkingHead
Well-Known Member
Faber is the Journey into Imagination of interviewers.
Don't forget that it was announced months ago that the Board had begun the search process. But now they just got the greenlight to start the search process? 
Bob:
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
*Suddenly retires with literally no advance notice*
*Gets brought back when the clown he left the keys with wrecked the car*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
Tune in soon to find out how this episode ends!
Bob:
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
*Suddenly retires with literally no advance notice*
*Gets brought back when the clown he left the keys with wrecked the car*
"I'm leaving at the end of my contract"
*contract gets extended by 2 years*
"I'm leaving at the end of my contract"
Tune in soon to find out how this episode ends!
You forgot to mention Netflix up 280% from its low in 2022.
Comcast was largely hurt by its telecom business, so I’m not sure that’s a valid comparison because you can’t break out NBC Universal from that. Similarly for Amazon and Apple. Paramount and WB are valid comparisons, but their trend lines were always negative even before the pandemic streaming bubble.
If you look at the broader market averages for comparison Dis still underperforms even though it is supposed to be the best positioned with talent, IP, and org to outperform its competitors. That shouldn’t happen.