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

[Sirwalterraleigh]

It's like covering a turd with ice cream sprinkles. Blows my mind there is not a single person deemed worthy enough to be his successor.

This is all about ego…he’s failing and he cannot accept it.

Everyone that celebrated this clown for years allowed him to take over a $300 billion public company completely.
Everybody gets a share. Check your hands and see if there’s any red on it

 

[JD80]

Given the size and scope of the Disney company, this is for the best if not ideal.

People here will scream, but it's smart business given the circumstances.

 

[Disney Analyst]

And shareholders seem to be happy...for now.

I think the general wall street crew want consistency, and see Iger as a safe choice.

Regardless of the many different opinions on Iger, before he jumped ship during the Covid hit, the company was seemingly soaring.

Now we await the quarter results.

 

[Sirwalterraleigh]

Its the only move. There aren't any better candidates.

You can’t find a candidate if you never look.

 

[Comped]

I think this is a smart move given everything that is going on. It makes no sense to bring someone in from the outside into a very complex restructuring, and there are no ideal internal candidates.

Because he eliminated all possible internal candidates, either during this tenure or the previous one!

 

[Sirwalterraleigh]

Given the size and scope of the Disney company, this is for the best if not ideal.

People here will scream, but it's smart business given the circumstances.

He’s got more share of the failure than chapek x10

Watch it play

 

[wdwmagic]

Because he eliminated all possible internal candidates, either during this tenure or the previous one!

Well none of them were any good to be fair.

 

[Indy_UK]

Oh for gods sake.

I’m not surprised but the rot will just continue now

 

[TheMaxRebo]

 

[Notes from Neverland]

This was the obvious move given the current problems and the lack of any decent internal candidates.

 

[EPCOT-O.G.]

has anyone checked in on Peltz?

 

[Kamikaze]

You can’t find a candidate if you never look.

You can't find a candidate if none exist.

Who has the requisite experience to run as diverse and expansive company as TWDC?

We tried Chapek, everyone knows how that went.

The only real candidates have to be internal, and that takes years to move someone to various sectors of the company to train them about each area enough. This isn't the Eisner takeover where the company was much smaller (until he created most of what Iger built on top of) to make it this size.

You seem to confuse a smart business decision with the best possible scenario. What's the best possible scenario? Two people, one business and one creative, running TWDC. But Iger isn't going to share power at this point, and there's not a top level creative currently thats big enough to take over. They have three years now to get the right people in place.

 

[Serpico Jones]

The board is nuts.

 

[Splash4eva]

Its the only move. There aren't any better candidates.

If thats the case which it may very well be now… why extend him 2 years and not wait to see how this plays out … i know “stability” ….

 

[Splash4eva]

has anyone checked in on Peltz?

He is preparing a hostile takeover as we speak hahaha

 

[Slpy3270]

Because he eliminated all possible internal candidates, either during this tenure or the previous one!

Bingo. The problem is he wants a successor that fits his vision, opposition be damned.

 

[TheIceBaron]

I be curious if this move makes it more likely Iger will try to sell TWDC company to Apple. Some analysts have expected the company to be sold within the same time frame as Igers now remaining tenure.

 

[GhostHost1000]

It's like covering a turd with ice cream sprinkles. Blows my mind there is not a single person deemed worthy enough to be his successor.

Why train a successor when you can remain in full power

There’s a reason he hand selected Chapek.

 

[Slpy3270]

I be curious if this move makes it more likely Iger will try to sell TWDC company to Apple. Some analysts have expected the company to be sold within the same time frame as Igers now remaining tenure.

Good luck getting that one through the current White House.

He is preparing a hostile takeover as we speak hahaha

"Yo, DeSantis. I've got an idea."

 

[BlakeW39]

Just for what it's worth: this does not surprise me in the slightest, but it's still disappointing to hear it confirmed.