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

[EricsBiscuit]

Very good to see TWDC give $2 million to help with humanitarian efforts in Israel!

 

[Robbiem]

I don’t think Iger could explain in 1 sentence what the Walt Disney company is. That’s part of the problem. There are too many departments and they aren’t working together.

I don’t think he cares. I think Iger likes the position and the power but he doesn’t care about the history- in that way he’s the most anti ‘what would walt do’ head the company has had, he dropped the walt from the pictures and would drop the disney if he could get away with a nice tech name like apple or alphabet. With current performance he may decide to call the company Turkey or maybe flop!

 

[Lilofan]

Very good to see TWDC give $2 million to help with humanitarian efforts in Israel!

$2M going to relief efforts in Israel. Both Jewish and Palestinians directly impacted desperately need assistance.

 

[Sirwalterraleigh]

This is exactly what I am talking about. Three years is not enough time for Chapek to change anything but somehow in 10 months everything should be fixed or else it was Iger all along!


Yes, and my bet is he has greenlit some other movies as well. I also bet that on average they turn out better movies because of the restructuring Iger pushed through. Either way, 10 months is not enough time for a movie to be greenlit, finish the script writing process, film it, go through post production and then release so we have a bit longer to go to see how Iger has impacted this area. To expect to see results this soon is unrealistic.


So, Iger should have solid plans in ten months despite walking into an empty Imagineering? Even though he inherited that mess of a vague outline of a plan that was presented at the 2022 D23? You don't think bringing back an actual Imagineer that has some idea of what they are doing to run things is progress? The changes they made in a few months before the Destination D presentation this year is not a step in the right direction? Somehow the 5 months Vaughn has been back should have been enough time to start construction on new rides and expansions?


What? They have significantly cut costs and raised pricing to make D+ profitable as soon as possible without driving it into the ground. What else are you expecting them to do? As for movies, you have no idea what they have done to address the costs of studio productions as none have been released under the new structure. Finally, how is having talks with other companies about selling assets doing squat? What world do you live in where these kinds of talks for selling expensive, massive assets don’t take a long time to both find a buyer and iron out details?


They have done more than I think you give them credit for but I agree they need to do more. My guess is Iger is focusing on the high level stuff and ignoring this which is pretty typical of his MO and a short coming of his in my mind.

Duuuuudddee…

I’m not gonna go through all that…instead I’ll just concede we don’t agree here. No problem with that.

I just won’t entertain that Iger “needs time”…nothing will change. You’re not gonna get a different tact for him. Everything not working is 100% on him and his stoolies. It’s been 20 years.

Marvel was huge for 10 years…what else you got to prop him up?
Shockingly little

 

[Sirwalterraleigh]

$2M going to relief efforts in Israel. Both Jewish and Palestinians directly impacted desperately need assistance.

It’s a “gesture”…let’s leave it there

 

[Tha Realest]

Duuuuudddee…

I’m not gonna go through all that…instead I’ll just concede we don’t agree here. No problem with that.

I just won’t entertain that Iger “needs time”…nothing will change. You’re not gonna get a different tact for him. Everything not working is 100% on him and his stoolies. It’s been 20 years.

Marvel was huge for 10 years…what else you got to prop him up?
Shockingly little

He’s only been back almost a year, never really left, and was there for almost two and a half decades. Give him some time!

 

[BaconPancakes]

Right? Dude kept his shower office while he wasn't even CEO at the time. He never left...

 

[flynnibus]

He’s only been back almost a year, never really left, and was there for almost two and a half decades. Give him some time!

Sorry, this is dumb.

Dude is reacting to the world NOW - pointing out he was around 15yrs ago means nothing in one's ability to get changes done today. Things they did 15yrs ago are not the same now... nor are the issues they addressing now the issues from 15yrs ago.

You all expecting new studio projects to just pop out complete in 3 months because the CEO had a previous tenure in the company?

You all expecting organizational changes to just start producing output immediately because they were setup successfully decades before? Completely ignoring how they've been operating NOW?

The decisions and changes made for the world 15yrs ago do not give you some superpower to eliminate lag time in changes done now.

 

[Indy_UK]

Iger took over Disney, its parks/ resorts, abc, ESPN etc way back in 2005. In the time since he brought in Pixar, Marvel, Star Wars and Fox yet has absolutely no idea how to manage them.

It’s become too big but he doesn’t know what to sell off.

Parks are raking in money but Iger hates them so he would rather throw that money elsewhere just to still show that they can compete.

 

[Vegas Disney Fan]

Iger took over Disney, its parks/ resorts, abc, ESPN etc way back in 2005. In the time since he brought in Pixar, Marvel, Star Wars and Fox yet has absolutely no idea how to manage them.

It’s become too big but he doesn’t know what to sell off.

Parks are raking in money but Iger hates them so he would rather throw that money elsewhere just to still show that they can compete.

I don’t think he hates the parks, I think he just relies on his division executives to run their divisions and he picked the wrong guy. The park changes under Iger and Rasulo were incredible, the park changes under Iger and Staggs were incredible, it wasn’t until he appointed Chapek over the parks that the decline began.

Selecting Chapek to replace Staggs will likely go down as the single biggest misstep in Igers Disney career and will damage his legacy more than anything else he’s done.

 

[flynnibus]

In the time since he brought in Pixar, Marvel, Star Wars and Fox yet has absolutely no idea how to manage them.

How do you expect anyone to take you seriously when you make such broad insane statements.

They have no idea how to manage them? Is this a universe where someone snapped their fingers and the entire MCU never happened? Pixar's success never happened? Lucasfilm didn't pay for itself in just a few years?

The common thread in this conversation seems to be people who have memories that can only go back 12months and everything that happened previously either didn't ever happen, or is completely wiped out by their latest concerns.

 

[Dranth]

Duuuuudddee…

I’m not gonna go through all that…instead I’ll just concede we don’t agree here. No problem with that.

I just won’t entertain that Iger “needs time”…nothing will change. You’re not gonna get a different tact for him. Everything not working is 100% on him and his stoolies. It’s been 20 years.

Marvel was huge for 10 years…what else you got to prop him up?
Shockingly little

The man has made mistakes and I am not a fan of many of his decisions but you act like he has never done anything good at all.

For example, on the studio side you say "shockingly little" yet there have only been 50 some movies to ever clear a billion dollars and Iger was in charge for 25 of them. Only 8 were Marvel movies so that is at least 17 that came from outside of Marvel and nearly all of them were 2014 onward so easily within the last 10 years. How is that not good?

On the parks front he is 100% to blame for thinking they were mature and only needed maintenance for the first half of his tenure but once he figured out he was wrong he at least admitted it and started spending from around 2012 on which includes the last ten years. He is continuing that now.

As for ABC, he is looking to offload at least the non-studio parts from what articles are out there. ESPN will be a money maker for the foreseeable future because people want live sports (though it will not make as much as in the past) and D+ is about to be in the black.

So, if the next three years is a return to his last 10 then we get good, steady studio releases that make money, park investment, controlled streaming and the dumping of the ABC broadcast segment. All good things.

 

[flynnibus]

The park changes under Iger and Rasulo were incredible, the park changes under Iger and Staggs were incredible, it wasn’t until he appointed Chapek over the parks that the decline began

That's crazy talk. Getting a few hits in the period doesn't outweigh everything else they faultered on. There is good reason Rasulo was seen as a villian during his parks tenure... giving us the dark period post 9/11 that really sucked until they got Pixar and they did CarsLand. People were basically dancing in the hallways when he finally got out of parks.. but continued to haunt us as the CFO.

Let's not forget this is the period that gave us the world parks in Disney's history.. WDS in Paris.. the crippled HKDL... etc. This is also the period that went so deep on NextGen, etc.

Chapek's legacy is going to be the abandonment of at least trying to be customer focused.. instead going full MBA everywhere treating everyone as numbers and squeezing every possible monetization out of customers. His predecessors have a far more deep sins when it comes to cheapening what the core product was and what was acceptable.

 

[BrianLo]

I'm still a bit confused on what the armchair CEO's actually want Iger to do other than leave?

Spend more money on the parks? They've many times indicated they are going to do so. It doesn't suddenly happen overnight.

 

[lazyboy97o]

I don’t think he hates the parks, I think he just relies on his division executives to run their divisions and he picked the wrong guy. The park changes under Iger and Rasulo were incredible, the park changes under Iger and Staggs were incredible, it wasn’t until he appointed Chapek over the parks that the decline began.

Selecting Chapek to replace Staggs will likely go down as the single biggest misstep in Igers Disney career and will damage his legacy more than anything else he’s done.

When you’re calling Rasulo’s work incredible you’ve lost the plot.

 

[flynnibus]

I'm still a bit confused on what the armchair CEO's actually want Iger to do other than leave?

Apparently time travel... and go back to his previous self and make all the changes then that would fix the problems of today. I mean, isn't that what every layman expects of their leaders? Immediate results and the ability to bend time and space? He's been there 20+ years, why shouldn't he have that ability???

 

[BrianLo]

Apparently time travel... and go back to his previous self and make all the changes then that would fix the problems of today. I mean, isn't that what every layman expects of their leaders? Immediate results and the ability to bend time and space? He's been there 20+ years, why shouldn't he have that ability???

I think the financial sentiment will finally start to change with streaming profitability this current/next quarter.

The capital expenditure plan on the Parks seems promising.

I guess they can 'announce' projects, but living through the Avatar/Pandora era I know the fans just whine incessantly if he announces things too early in the process too. Even still we have a re-run for Disneyland Resort.

 

[TrainsOfDisney]

I'm still a bit confused on what the armchair CEO's actually want Iger to do other than leave?

Spend more money on the parks? They've many times indicated they are going to do so. It doesn't suddenly happen overnight.

Spending money on a big hero 6 food court isn’t going to please many people.

Plopping money into clones and IP’s that don’t really fit while ignoring attractions that desperately need to refurbished / reopened is not a wise use of money.

So yes, Iger leaving would be good. Haha

 

[BrianLo]

Spending money on a big hero 6 food court isn’t going to please many people.

Plopping money into clones and IP’s that don’t really fit while ignoring attractions that desperately need to refurbished / reopened is not a wise use of money.

So yes, Iger leaving would be good. Haha

You are talking about current Chapek legacy projects though? It takes year(s) for anything from someone in charge to actually manifest. The only thing we have from Iger's return is an Avatar related project for DLR and maybe an affirmation that DCA will still receive that Marvel E-ticket.

 

[TrainsOfDisney]

You are talking about current Chapek legacy projects though? It takes year(s) for anything from someone in charge to actually manifest. The only thing we have from Iger's return is an Avatar related project for DLR and maybe an affirmation that DCA will still receive that Marvel E-ticket.

If it takes years then they would have been Igers projects from before he left.