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

L

Lilofan

Well-Known Member
Kamikaze said:
Thanks for the history lesson.

It was also an attempt at much the same thing Peltz just did. It used the term 'Save Disney' to distract plebs from their goals of both settling a vendetta (Roy and Brian Roberts) and trying to make more money (Roberts). Twenty years later, its still working, judging by your post.

You should also note in your historical database that Eisner didn't leave for another year and a half after 'Save Disney' ended.
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Save Disney made him leave. Do your research on how Roy Disney and Stanley Gold forced Eisner to leave.
 
L

Lilofan

Well-Known Member
Kamikaze said:
The board is there to protect the interest of shareholders. Having two wildly different 'factions' on the board does not do that.

You seem to be trying to make two different points at the same time.

Comcast, in their latest numbers, makes over half (55%) of their revenue from internet and cable TV (not including linear channels but selling the actual packages). Disney does not compete in this sector. Without that money, Disney does about 1/3 more revenue than Comcast.

I'm sure you know Save Disney was pushed (and possibly secretly funded) by Roberts because Comcast's unsolicited bid to buy Disney was shut down by Eisner. He got in Roy's ear and convinced him that Comcast taking control was the right thing, and thats why the whole 'Save Disney' campaign got started.
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The Disney Board advised Comcast that their offer to buy Disney was too low.
 
Kamikaze

Kamikaze

Well-Known Member
Lilofan said:
Save Disney made him leave. Do your research on how Roy Disney and Stanley Gold forced Eisner to leave.
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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.
 
L

Lilofan

Well-Known Member
Kamikaze said:
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.
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Yes you admit it helped his exit. Thank you.
 
L

Lilofan

Well-Known Member
Kamikaze said:
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.
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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.
 
monothingie

monothingie

Evil will always triumph, because good is dumb.
Premium Member
Kamikaze said:
If the stock goes up more, it will not even be an issue. Remember, its gained 50% in 6 months.
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How much is it down from its all time high in 2022? That’s the important comparison point.
Kamikaze said:
In the article you posted:
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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.
 
Kamikaze

Kamikaze

Well-Known Member
monothingie said:
How much is it down from its all time high in 2022? That’s the important comparison point.
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For the matter of fending off Peltz, it isn't.
monothingie said:
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.
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They have their internal candidates. When Iger came back there were no internal candidates.
 
Kamikaze

Kamikaze

Well-Known Member
EPCOT-O.G. said:
It’s all that own Disney stock (e.g., the equivalent of a “closed primary”).
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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

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':

 
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Dranth

Dranth

Well-Known Member
monothingie said:
How much is it down from its all time high in 2022? That’s the important comparison point.
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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.
 

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