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

Sirwalterraleigh

Sirwalterraleigh

Premium Member
Stripes said:
James Gorman facilitated a seamless CEO transition at Morgan Stanley. And is currently on Disney’s 4 person succession committee. He is one of the best people to be sitting on the board right now, assisting with the succession process. That committee is scheduled to meet 9 more times this year to talk about and interview candidates. Iger is mentoring the 4 leading candidates himself.

The Chapek debacle was a failure. They are clearly handling things much better this time.
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So what’s the delay? Real easy here…get somebody and start the transition…

Who could possibly be against that?
 
BrianLo

BrianLo

Well-Known Member
Sirwalterraleigh said:
As opposed to the dude from CVS and the head of “we, family offices”?

Look that one up…it’s a doozy
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I mean there was plenty of legitimacy that would have changed the calculus.

Lucas, Lasseter, Tom Staggs, Kevin Mayer, Abigail Disney.

But he couldn’t storm the gate with any of these people because he isn’t the good guy that people keep hoping he is.

The CVS guy isn’t there to break a tie on parks investment. The board isn’t there to be mini CEOs
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
BrianLo said:
I mean there was plenty of legitimacy that would have changed the calculus.

Lucas, Lasseter, Tom Staggs, Kevin Mayer, Abigail Disney.

But he couldn’t storm the gate with any of these people because he isn’t the good guy that people keep hoping he is.

The CVS guy isn’t there to break a tie on parks investment. The board isn’t there to be mini CEOs
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None of them know a thing about entertainment or leisure…
Which is I’m 99.9% sure was the point. Only “one voice” for what Disney actually is supposed to do (not those awful retirement developments)

See how the “puzzle” fits?

It’s also why the board is being called out…EVEN by those supporting it. The street isn’t fooled.

I never…for a second…thought Peltz was anything “resembling” a good guy.

Oh no…he’s a snake. But as a dissenting vote with access…he could have blown this pathetic “cult of personality” apart. (Ironic for a guy with no real personality)

And I think much less of Perlmutter.

And Jay is…well…Jay.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Stripes said:
James Gorman facilitated a seamless CEO transition at Morgan Stanley. And is currently on Disney’s 4 person succession committee. He is one of the best people to be sitting on the board right now, assisting with the succession process. That committee is scheduled to meet 9 more times this year to talk about and interview candidates. Iger is mentoring the 4 leading candidates himself.

The Chapek debacle was a failure. They are clearly handling things much better this time.
Click to expand...

Did the Morgan Stanley search involve a bunch or bankers searching for a new banker to take over a bank?

Context may matter there
 
Vegas Disney Fan

Vegas Disney Fan

Well-Known Member
Stripes said:
James Gorman facilitated a seamless CEO transition at Morgan Stanley. And is currently on Disney’s 4 person succession committee. He is one of the best people to be sitting on the board right now, assisting with the succession process. That committee is scheduled to meet 9 more times this year to talk about and interview candidates. Iger is mentoring the 4 leading candidates himself.

The Chapek debacle was a failure. They are clearly handling things much better this time.
Click to expand...

I have no idea if this is true or not but I liked it solely because I pray you are correct.

I know many people here don’t expect the next CEO to be any more park friendly than Iger is, and that he‘s just a reflection of corporate America, but I still hold out hope the next CEO will be an early Eisner type who loves the parks as much as Walt did. It’s that hope that keeps my Disney fandom going.
 
mikejs78

mikejs78

Well-Known Member
Slpy3270 said:
Look, son! An idiot!

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WoundedDreamer said:
I think one point that undercuts his argument is the fact that shareholder tallies were somehow leaked before while Trian was ahead. By who, I have no idea. Trian wouldn't have access to that information... Was it a member of Disney's legal team that leaked it? Or maybe a contractor that is handling the voting? Or a disgruntled Disney employee? No clue, but again it wouldn't have been Trian.

But was this more recent leak Disney PR? Yeah, I could believe it. Generally, I do find his post compelling. But that problem is significant.
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All the leaks have gone through the WSJ, which leads me to believe they are from the same source, and not from either Trian or Disney. My guess is someone with PWC as I think they are handling the vote.
 
W

WoundedDreamer

Well-Known Member
mikejs78 said:
All the leaks have gone through the WSJ, which leads me to believe they are from the same source, and not from either Trian or Disney. My guess is someone with PWC as I think they are handling the vote.
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That was my thinking too. If so, that person's career is effectively over. PWC will find them. Losing the Disney account would be a disaster.
 
W

WoundedDreamer

Well-Known Member
MisterPenguin said:
It could be someone from either camp whose just been counting the votes by other means and leaking what their side's count is at.
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Maybe, but this feels pretty definitive:
As of Tuesday, just over 22% of shares had been cast, according to people familiar with the matter, the bulk of them held by individual and other smaller investors.

If your hypothesis is correct, that would be shoddy reporting on WSJ's part. They should written it something like, "according to internal estimates reviewed by the WSJ, figures suggest approximately 22% of shareholders have voted."

It's not impossible, but again, bad reporting if that's the case.
 
W

WoundedDreamer

Well-Known Member
It's also tricky because Trian would have benefited from the first leak, while Disney would have benefited from the second leak. It suggests the leaker doesn't care who wins or loses. And it's also interesting that it describes "people," suggesting multiple parties confirmed the leak.
 
Tha Realest

Tha Realest

Well-Known Member
WoundedDreamer said:
Maybe, but this feels pretty definitive:
As of Tuesday, just over 22% of shares had been cast, according to people familiar with the matter, the bulk of them held by individual and other smaller investors.

If your hypothesis is correct, that would be shoddy reporting on WSJ's part. They should written it something like, "according to internal estimates reviewed by the WSJ, figures suggest approximately 22% of shareholders have voted."

It's not impossible, but again, bad reporting if that's the case.
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Yeah, I could see how uniquely informed outsiders could be running a tally (e.g. plugged in trading firms that have connections to places that have substantial holdings that aren’t State Street, BlackRock, etc.,) but knowing the overall totals of how many outstanding votes had been cast, and the overall composition of those votes? That speaks to multiple insiders with access to closely held information.
 
britain

britain

Well-Known Member
Slpy3270 said:
Reuters is now calling it: Trian and Blackwells won't be getting any Disney board seats. Iger wins.


That's it, ladies and gentlemen. You may go to bed now.
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Alright then. Hopefully this put some fear into Team Iger. They don’t have an infinite amount of good will to spend, but let’s give them another chance.

I genuinely wish them the best, and that they’ll have great success.
 
Slpy3270

Slpy3270

Well-Known Member
At least this means SoCal won't have another cranky senior billionaire from Florida to deal with; they already have enough of those in the Inland Empire and Orange County.

britain said:
Alright then. Hopefully this put some fear into Team Iger. They don’t have an infinite amount of good will to spend, but let’s give them another chance.

I genuinely wish them the best, and that they’ll have great success.
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There's gotta be some self-reflection at the board for sure. They must make sure this doesn't happen again.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Casper Gutman said:
All they need to do is sit down and solve the problem of the death of linear TV, Wall Street’s fanatical obsession with and then fear of streaming, changed and chaotic theater-going habits from a public rocked by a pandemic and new media forms, and a relentless effort to destroy the company by some of the most powerful people in the world - all problems to which no entertainment company, Wall Street power player, or poster here has even begun to suggest a viable solution.

WHY HAVEN’T THEY ALREADY DONE THIS?
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What if the entertainment companies know that they can not…will not…be able to get out of stream and DTC what they did with linear? Because the model can’t be the same?

And what if Wall Street is just waiting for them to do just that?

Disney is the easiest to decipher…they need to generate billions of dollars and profit…probably per quarter…to supply as much capital to the operation as cable did at its height in 2009?
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
britain said:
Alright then. Hopefully this put some fear into Team Iger. They don’t have an infinite amount of good will to spend, but let’s give them another chance.

I genuinely wish them the best, and that they’ll have great success.
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That is not the pattern

Slpy3270 said:
There's gotta be some self-reflection at the board for sure. They must make sure this doesn't happen again.
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What is the board?
 

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