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

BrianLo

Well-Known Member
The parks guy has zero say/power

We do know Chapek had full autonomy as COO over the parks for almost 3 years (about 32 months). That was the one part of the portfolio that all these insider reports acknowledge Iger ceded control of without complaints immediately. Because Chapek was familiar with that portfolio there was nothing to mentor.

Since parks have at best a 5 year lead time, we are absolutely still living with the consequences of his strategies. At least the long term investment strategies.

With the very rare and possibly only strategic positive I can attribute to Chapek, which was purchasing the shell of DCL Adventure for the cost of the scrap.
 

Sirwalterraleigh

Premium Member
We do know Chapek had full autonomy as COO over the parks for almost 3 years (about 32 months). That was the one part of the portfolio that all these insider reports acknowledge Iger ceded control of without complaints immediately. Because Chapek was familiar with that portfolio there was nothing to mentor.

Since parks have at best a 5 year lead time, we are absolutely still living with the consequences of his strategies. At least the long term investment strategies.

With the very rare and possibly only strategic positive I can attribute to Chapek, which was purchasing the shell of DCL Adventure for the cost of the scrap.
The parks guy has no autonomy. Step back and think about it: it’s over 50% of the scratch intake for the worlds second biggest media company…that buck only stops in the dopey suite.

They like you to think the parks guy has a say…because his function since pressler is to be a shield for the CEO to schmooze the money people while not catching flak for one or the most demanding, critical, vocal fanbases on the planet. Dirty hands guy protects clean hands guy.
Makes sense?

I agree with the rest of your post. Excellent points. 👍🏻
 
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DarkMetroid567

Well-Known Member
Maybe that’s normal to many but to someone who’s not used to it it makes for a horrible vacation. CA used to be this amazing place to visit, now it’s pretty sketchy everywhere we go, I just want CA to return to what it was 15-20 years ago. It’s a beautiful state full of many wonders but we find the cons outweigh the pros now and we go less and less with each passing year.
I force myself to take public transportation everywhere (forcing me to walk in a lot of boring or uncomfortable places) and my travel has taught me that the blight is everywhere — not just California. The difference is that in most of the country you’re driving past it and it’s harder to spot.
 

Sirwalterraleigh

Premium Member
I force myself to take public transportation everywhere (forcing me to walk in a lot of boring or uncomfortable places) and my travel has taught me that the blight is everywhere — not just California. The difference is that in most of the country you’re driving past it and it’s harder to spot.
I find it funny that homeless in California are “detestable”…considering the high rates of corresponding mental disability in the homeless population since the beginning of statistics…which is something we should dedicate to fix for the overall health of an advanced society…

…while the existence of methed out entire communities in the flyovers are either not shown to be issues ( a larger one - in fact) or given a million excuses that the homeless are not afforded…”ironic”.

Almost like it’s political aimed at selling ad space to a viewership with no real concern for either problem

I also think I just showed why generalizations from such outlets should not be believed…either way
 

Disney Irish

Premium Member
It’s demonstrably untrue to suggest large multinationals - tech and non-tech alike - aren’t leaving California.

A "move" by changing HQ or other facilities addresses is NOT leaving California.

I can tell you I work with almost every one of those companies and none have actually had a "forced" exodus of employees out of California.

If you still have sites and employees IN California you're still IN California. You're still contributing to the California economy by having to pay taxes IN California.

So if you can show me where any companies has forcefully made their employees actually leave California or quit type of situation (similar to what Disney was trying to do with WDI and Nona before we saw how that turned out) and have zero facilities and employees left IN California then maybe we'll have something to talk about. Until then this is just a political stunt by companies to try to get headlines to get California to change some of their policies. Note Elon tried the same thing and it ended up backfiring. Tesla for example still has its main factory and corporate engineering up and running in California and I know because it’s near where I sit typing this right now IN California.
 
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Kamikaze

Well-Known Member
Oracle, Fico, Palantir, HP, Realtor.com...
Did you ChatGPT that answer?

Palantir is a trash company, moved out to help protect it from being sued to oblivion.

FICO isn't really a tech company.

Oracle is based in Texas currently, and is moving to Tennessee.

HP split into two divisions (like Disney), the actual World Headquarters is still in Palo Alto.

Realtor.com is a very small company, and yes, they moved from CA to TX. However - they are actually wholly owned by News Corp, who has their World Headquarters in Manhattan.
 

Kamikaze

Well-Known Member
I view CA exactly the same as I view Disney, a place I used to love that I’d like to see return to its glory days, San Francisco was my go to vacation from the early 2000s to the early 2010s, my best friend from high school moved there and we used to have a blast barhopping at night and I’d wander alone all over the Presidio area, Marina area, Fisherman’s Wharf, etc while he was at work, that changed in the early teens when I started feeling unsafe walking around the city because the formerly beautiful and peaceful parks were full of tents and homeless people, I haven’t been back since probably 2015, my friend still works in SF but moved to San Rafael a decade ago when he started his family and even he says he doesn’t go into the city unless he has to.

I started visiting LA, mostly OC and DL, around 2012 and loved that I could stay at a nearby hotel and wander around the DL area or the beaches alone and feel totally safe, that noticeably changed after Covid where even going to DL from the nearby Hilton often meant stepping over homeless people to get to the park, I think the final straw for us was when we went to the nearby Target a few years ago, because we forgot out toiletries bag, and had to have an employee open the glass cases so we could get toothpaste and deodorant… I couldn’t believe a block away from Disney they had to lock everything up due to theft.

My last CA escape is still San Diego and even that is getting a bit sketchy, we love the gaslamp district but the last couple vacations we’ve been harassed by homeless people for change and or food.

Maybe that’s normal to many but to someone who’s not used to it it makes for a horrible vacation. CA used to be this amazing place to visit, now it’s pretty sketchy everywhere we go, I just want CA to return to what it was 15-20 years ago. It’s a beautiful state full of many wonders but we find the cons outweigh the pros now and we go less and less with each passing year.
My guy, I was in that Target not even 90 days ago, and they didn't have any of that stuff locked up.

On the overall homeless issue, yes, you do see them out. They don't bother you. Are there some that might? Sure. But its the same as everyone else. Just let them be. If you had to be homeless, wouldn't you pick the place with perfect year round weather?
 
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Nevermore525

Well-Known Member
In other CEO/Parks News Six Flags just posted a 9% drop in attendance across the Cedar Fair and Six Flags parks for the most recent quarter. Lost $100M for the quarter and the CEO is stepping down. Losses attributed to weather.

 
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LSLS

Well-Known Member
In other CEO/Parks News Six Flags just posted a 9% drop in attendance across the Cedar Fair and Six Flags parks for the most recent quarter and attributed it to weather. Lost $100M for the quarter and the CEO is stepping down. Losses attributed to weather.

That merger could go down as an all-time blunder. The loss makes sense though that they are offering basically a free add-on of visiting ANY park if you buy a season pass til September. The cuts at Cedar Point this year have been noticeable. It wasn't too long ago I honestly thought they were closing the gap on Disney/Universal. Zimmerman is going to be more hated in Cedar Point groups than Iger is here.
 

Kamikaze

Well-Known Member
That merger could go down as an all-time blunder. The loss makes sense though that they are offering basically a free add-on of visiting ANY park if you buy a season pass til September. The cuts at Cedar Point this year have been noticeable. It wasn't too long ago I honestly thought they were closing the gap on Disney/Universal. Zimmerman is going to be more hated in Cedar Point groups than Iger is here.
I haven't looked at the report to see if its covered, but I wonder how much of the 9% can be attributed to people not attending the parks they've announced as closing.

The season pass perk they do every year, so that's not where the loss is coming from.
 

Nevermore525

Well-Known Member
I haven't looked at the report to see if its covered, but I wonder how much of the 9% can be attributed to people not attending the parks they've announced as closing.

The season pass perk they do every year, so that's not where the loss is coming from.
They had a full section dedicated to weather as the reason:

Weather Impact

Six Flags’ second quarter results were adversely affected by unfavorable weather across most of the Company’s key markets, including prolonged periods of rain, extreme temperatures, and severe storms. These conditions impacted park operations, guest visitation, and season pass sales during the critical months of May and June. Weather conditions were particularly disruptive during the final six weeks of the quarter. Over that six-week period combined attendance was down 12% compared to the same timeframe last year. By comparison, combined attendance over the first seven weeks of the quarter was flat compared to the prior year.

Overall, 379 days out of a planned 2,042 total operating days in the second quarter were weather impacted days, including 49 days in which certain parks were forced to close entirely. Of the weather impacted days, approximately 60% occurred on the typically higher attendance days of Friday, Saturday, and Sunday.
 

Kamikaze

Well-Known Member
They had a full section dedicated to weather as the reason:

Weather Impact

Six Flags’ second quarter results were adversely affected by unfavorable weather across most of the Company’s key markets, including prolonged periods of rain, extreme temperatures, and severe storms. These conditions impacted park operations, guest visitation, and season pass sales during the critical months of May and June. Weather conditions were particularly disruptive during the final six weeks of the quarter. Over that six-week period combined attendance was down 12% compared to the same timeframe last year. By comparison, combined attendance over the first seven weeks of the quarter was flat compared to the prior year.

Overall, 379 days out of a planned 2,042 total operating days in the second quarter were weather impacted days, including 49 days in which certain parks were forced to close entirely. Of the weather impacted days, approximately 60% occurred on the typically higher attendance days of Friday, Saturday, and Sunday.
Yeah I'd be very surprised if that was the real reason.
 

Nevermore525

Well-Known Member
Yeah I'd be very surprised if that was the real reason.
Certainly a convenient excuse.

The more local parks will be interesting to watch going forward as they tend to market towards lower-middle income groups than the Disney/Universal demo. Disney/Universal posted gains for the current quarter vs last year, while Six Flags and Sea World posted lower results vs the prior year.
 

LSLS

Well-Known Member
I haven't looked at the report to see if its covered, but I wonder how much of the 9% can be attributed to people not attending the parks they've announced as closing.

The season pass perk they do every year, so that's not where the loss is coming from.
That's not a perk they've ever given, but I wasn't saying that is the reason for the loss, more that it's a response to it (trying to sell a lot more passes). That's a fair point about the closures.
 

Kamikaze

Well-Known Member
That's not a perk they've ever given, but I wasn't saying that is the reason for the loss, more that it's a response to it (trying to sell a lot more passes). That's a fair point about the closures.
The Six Flags Season Pass has allowed you to visit all the parks for ~15 years. And if you renewed early for next year, you got the rest of the current year as well.
 

Sirwalterraleigh

Premium Member

I don’t find this particularly encouraging…though I’m sure it will be “glazed” away. That combined with the news their ad revenue seems to have “flattened” and more Hail Marys with espn they’ll probably lose a lot of money on…

And as a reminder - same as with parks - price increases and cost cutting is not “growth”…it’s actually the polar opposite. Doesn’t stop HUGE from going on squawk box to present it as such…however.
 

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