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

[BrianLo]

I agree, I think it’s very likely Walden.

Twice they’ve tried and failed to raise an exec out of P&R. The media and studio side of the business is arguably what Chapek screwed up more and seems harder to acquire that skill set on the job.

Walt and Eisner picked up parks just fine coming more from the Studio lens.

D’amaro is also too green in the executive hierarchy, but I think passing him by doesn’t need to be seen as an indictment. If anything, if the environment and the incoming CEO is collaborative enough, they’ll give him far more of a leash and independence.

I’d really like the parks exec to actually remain on the job and not remain a merry go round. I also like that we have an exec who doesn’t have active contempt for its product or its guests. That seems like a very low bar, but it’s a rarity.

 

[Tha Realest]

I also like that we have an exec who doesn’t have active contempt for its product or its guests. That seems like a very low bar, but it’s a rarity.

since May 2020, the Parks division:
-fired 28,000 CMs
-Got rid of DME
-Instituted G+ and ILL, doing away with free Fastpass
-Instituted reservation system
-Instituted park-hopping restrictions
-substantially increased ticket prices
-substantially increased APs (when they’be chosen to sell them)
-substantially increased hotel rack rates
-built or started construction on very uninspiring hotels and DVCs

 

[John park hopper]

since May 2020, the Parks division:
-fired 28,000 CMs
-Got rid of DME
-Instituted G+ and ILL, doing away with free Fastpass
-Instituted reservation system
-Instituted park-hopping restrictions
-substantially increased ticket prices
-substantially increased APs (when they’be chosen to sell them)
-substantially increased hotel rack rates
-built or started construction on very uninspiring hotels and DVCs

Very impressive list
Might add
substantially increased park snack prices
substantially increased restaurant prices while reducing portion size

 

[Lilofan]

I agree, I think it’s very likely Walden.

Twice they’ve tried and failed to raise an exec out of P&R. The media and studio side of the business is arguably what Chapek screwed up more and seems harder to acquire that skill set on the job.

Walt and Eisner picked up parks just fine coming more from the Studio lens.

D’amaro is also too green in the executive hierarchy, but I think passing him by doesn’t need to be seen as an indictment. If anything, if the environment and the incoming CEO is collaborative enough, they’ll give him far more of a leash and independence.

I’d really like the parks exec to actually remain on the job and not remain a merry go round. I also like that we have an exec who doesn’t have active contempt for its product or its guests. That seems like a very low bar, but it’s a rarity.

D'Amaro felt compelled to meet with existing CMs who were distraught during the massive layoff/ furlough during covid. He has a heart but as a CEO that makes these decisions and more, he's not cut out to be one.

 

[LSLS]

Oh. Did Iger do that to Chapek?

I thought Iger actually left Chapek in charge.

Alright, you have to be throwing out bait so I want to know about it. It's not that he saw the Covid crisis coming, ran because of it, and put in charge the only person who was there (and not one he felt threatened by or thought would be great)?

 

[mikejs78]

If they've narrowed it down to a divisional head, they must have a clear favorite by now internally. It's not like Iger and the board don't know them well enough.

I'd say Walden is by far the most likely option.

Pitaro by far the least likely option.

And D'Amaro and Bergman somewhere in between.

I'm currently ranking as Walden, Pitaro, Bergman, D'Amaro

I don't see Pitaro as a serious choice. Nor Bergman. I think it's a runoff between Walden and D'Amaro, with Walden being the favorite. She has a good track record with content, and has had good success at both Fox and ABC. She's a creative with business acumen, which may be just what Disney needs. Downside is she is fairly new - only being a part of Disney since the Fox acquisition.

D'Amaro's advantage is that he genuinely loves the company and would have some appreciation for the Disney legacy, more than the other candidates. But I think the fact that he came up in parks and lacks studio experience may work against him in this moment in time. I hope he stays regardless of the outcome as I do think he really does love the parks, unlike his immediate predecessors, and although we may disagree with some decisions or direction, I would rather have someone running parks who really appreciates them than another pencil pusher.

I'd rank them Walden, D'Amaro, Bergman, Pitaro.

I don't think it would happen that soon, but I also wouldn't be shocked if there was some kind of announcement before the proxy vote.

 

[SamusAranX]

Alright, you have to be throwing out bait so I want to know about it. It's not that he saw the Covid crisis coming, ran because of it, and put in charge the only person who was there (and not one he felt threatened by or thought would be great)?

Definitely bait.

Chapek was used by Iger. Although I’m sure the millions of dollars helped ease the blow

 

[Tha Realest]

It’s Walden. It’s always been Walden (of the “internal” candidates). She plays the game better than any of them.

It does say something interesting about the company that, if this comes about, Disney once again eschews options that have a lengthier tenure with the company in favor of someone who came on board due to a recent merger/acquisition.

 

[mikejs78]

It’s Walden. It’s always been Walden (of the “internal” candidates). She plays the game better than any of them.

It does say something interesting about the company that, if this comes about, Disney once again eschews options that have a lengthier tenure with the company in favor of someone who came on board due to a recent merger/acquisition.

I mean Eisner was a complete outsider.

 

[Surferboy567]

I can’t say I’m that familiar with Walden or what she has done. So not really sure if she is a good choice or not. I think D’Amaro seriously cares about the Disney brand he seems like a “good guy” despite his lackluster returns in terms of investment as the head of parks. In their heads they don’t want to repeat Chapek, he’s wildly more likable than him though just in personality alone. I can see that the fear of Chapek as a reason why they wouldn’t give it to D’Amaro.

 

[pdude81]

To me, D'Amaro went from dark horse to "heir apparent" when Iger was extended. He's been with the company the longest of any on the vetting list, and runs the division of the company that makes the most money. Plus there were rumblings here and there about his disagreements with Chapek on messaging and on new development. The parks superfans accept him as one of their own and occasionally wear shirts with his face on them.

Walden as CEO would not surprise me in the least, but I could see the company not wanting to upset the apple cart for TV/streaming content in the same way it might not want to screw up Parks/experiences.

Ultimately the company wants to keep both of these people, as either one leaving after not being made CEO could result in disappointment from fans. So I could also see a situation with Walden as Chief Creative Officer and D'Amaro as Chief Operating Officer, with both reporting directly to the board. My hope is that does not include Bob the first as Executive Chairman.

 

[LSLS]

To me, D'Amaro went from dark horse to "heir apparent" when Iger was extended. He's been with the company the longest of any on the vetting list, and runs the division of the company that makes the most money. Plus there were rumblings here and there about his disagreements with Chapek on messaging and on new development. The parks superfans accept him as one of their own and occasionally wear shirts with his face on them.

Walden as CEO would not surprise me in the least, but I could see the company not wanting to upset the apple cart for TV/streaming content in the same way it might not want to screw up Parks/experiences.

Ultimately the company wants to keep both of these people, as either one leaving after not being made CEO could result in disappointment from fans. So I could also see a situation with Walden as Chief Creative Officer and D'Amaro as Chief Operating Officer, with both reporting directly to the board. My hope is that does not include Bob the first as Executive Chairman.

Or, counter, Bob extends HIMSELF and fires them both.

 

[MisterPenguin]

Alright, you have to be throwing out bait so I want to know about it. It's not that he saw the Covid crisis coming, ran because of it, and put in charge the only person who was there (and not one he felt threatened by or thought would be great)?

The claim is that Iger *always* undermines CEO candidates to that he can *always* be CEO.

Iger *didn't* undermine Chapek such that Chapek felt the need to leave. And Iger *did* leave.

 

[Tha Realest]

The claim is that Iger *always* undermines CEO candidates to that he can *always* be CEO.

Iger *didn't* undermine Chapek such that Chapek felt the need to leave. And Iger *did* leave.

But in the Chapek example, he undermined him continually after the fact to he could be CEO again.

 

[mikejs78]

But in the Chapek example, he undermined him continually after the fact to he could be CEO again.

Chapek undermined himself.

 

[LSLS]

The claim is that Iger *always* undermines CEO candidates to that he can *always* be CEO.

Iger *didn't* undermine Chapek such that Chapek felt the need to leave. And Iger *did* leave.

Was Chapek ever considered a threat to become CEO? As far as I have seen (trying to look at old articles), his name was never mentioned as a serious potential replacement. Then Iger saw chaos coming, needed to split, and Chapek was the only one left who he felt he could stay over.

 

[DisneyNittany]

since May 2020, the Parks division:
-fired 28,000 CMs
-Got rid of DME
-Instituted G+ and ILL, doing away with free Fastpass
-Instituted reservation system
-Instituted park-hopping restrictions
-substantially increased ticket prices
-substantially increased APs (when they’be chosen to sell them)
-substantially increased hotel rack rates
-built or started construction on very uninspiring hotels and DVCs

Other than that, Mrs. Lincoln, how was the play?

 

[mikejs78]

Was Chapek ever considered a threat to become CEO? As far as I have seen (trying to look at old articles), his name was never mentioned as a serious potential replacement. Then Iger saw chaos coming, needed to split, and Chapek was the only one left who he felt he could stay over.

He was. Most speculation was around him or Kevin Mayer.

 

[Lilofan]

He was. Most speculation was around him or Kevin Mayer.

Kevin Mayer was not in favor of the Board, he left to be CEO of Tik Tok then after 3 months was fired into his new job.

 

[tanc]

Is it possible to pick someone who is less than 50 years old?