Iger is 74 and his 2 kids are in their early 20s. His money will outlive him. Enjoy his time with his family and whatever wealthy ones do in retirement.
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
Disney Analyst
Well-Known Member
Yep, and let's be honest, what is the lower stock price even based on?
Wall street doesn't even know what it wants.
JoeCamel
Well-Known Member
Wall street wants a company that generates a lot of cash, price appreciates >10% yoy and pays a 5% dividend.......
Sirwalterraleigh
Premium Member
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Nubs70
Well-Known Member
As the accountabilities as CEO of $DIS is greater than simply parks, Walden has connections and relationships that satisfy many of Chapek's deficiencies outlined in th Palace Coup article.
Dranth
Well-Known Member
Same but I don't think that is how the types who end up running companies like Disney work. They are just wired differently in many cases.
In Iger's case, if we want to believe the article, he asked for no payment coming back (which the board rejected) and his main motivation was more a sense of obligation to fix things and save the company from the spiral it was in. We can all argue with what he thinks will "fix" things or how he helped create the situation to begin with or even if his view of himself as a savior is just ego manifest with no basis in reality but I don't doubt that money was never a motivation.
Serpico Jones
Well-Known Member
They want Disney+ to become Netflix.
One word: EGO
Sirwalterraleigh
Premium Member
Quietmouse
Well-Known Member
Because retirement is boring? Is it really more appealing to wait for death during retirement? Or is it better to continue to keep your mind sharp and work?
JoeCamel
Well-Known Member
You can do other things in retirement like go to theme parks.......
Epcot81Fan
Well-Known Member
And by “keep your mind sharp”, you mean the embarrassment that is Tiana’s Bayou “Adventure”.
He can retire any time now.
Sirwalterraleigh
Premium Member
Any other theories, Yoda?
Tha Realest
Well-Known Member
He tried retirement. He grew a fashionable beard for the first time and tried getting into the NFT digital clothing space. That didn’t last long.
Eisner was far more successful in retirement.
LSLS
Well-Known Member
Legacy matter more than money. He set himself up to be the shining knight that rode in and saved the company, etching his name in history forever. He wasn't prepared for his policies and decisions for short term gains to come back to haunt him as fast as they did.
For some who don’t want to retire , Warren Buffet has not retired yet. Worth more than $150 billion dollars and in his 90s still drives his 2006 Cadillac to work daily followed by his security team and his diet to keep him sharp is Dairy Queen and McDonalds.
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Sirwalterraleigh
Premium Member
He also left like a complete coward at the beginning of the plague …was the only major ceo to do so…it’s OBVIOUS to everyone…and that took the shine off his turd.
Then he arranged his return…figuring he’d get in on this golden age of stock boom and bread and circuses…
And why? Just because it’s him. That’s what the narcissist always believes.
…if you believe in karma/come-up-ins…this would be textbook
Sirwalterraleigh
Premium Member
One problem was the “spiral” had zero to do with Chapek’s ineptitude at the top…
It was a long ticking timebomb and Bob lit the fuse a decade ago…masked by riding the wave of stable economic conditions and the MCU that worked during that period…almost nothing else did
LSLS
Well-Known Member
Yeah. I think he thought things were going down badly, and people would remember him fondly because of how things fell off under Chapek, and then they didn't (stock went up, etc.). So when Chapek had all his stupid mistakes that brought stock down, he then saw an opportunity to swoop back in, lift the company back up by saying "Those weren't me, we are back", and he thought he'd be called the greatest CEO in company history. Obviously, all this is me making guesses, but I think what has happened is the issues were much deeper than the stupid PR mistakes and all those short term policies over the past 5-8 years are hampering them now, and that is why he extended his contract (excuse me, the board did) without having any sort of a successor. His name and just saying "Chapek did it" didn't save everything, and he doesn't want to leave at the same or worse levels than they were when he was brought in on the white horse. His sure thing has turned into a disaster.
Dranth
Well-Known Member
I somewhat disagree in that it depends on which issue you are talking about. That is what determines who gets how much blame for me.
Personally, I feel that the overall direction of a company is too complex to just say good/bad, at least if we want any real insight or analysis of the why. That is where I find it helpful to break out the various factors that drive the overall direction. When we do that, I think most of us see that Iger had lots of issues, but the company as a whole did much better under him than Chapek. Further, it is easy to see where Chapek created plenty of his own problems that had nothing to do with Iger. Just for example...
- The Florida situation leading to the end of Reedy Creek? 100% Chapek. Iger had nothing to do with that.
- Brain drain/talent loss? 100% Chapek. No matter what we think of him, creatives tend to like Iger outside of his IP mandate while they hated Chapek.
- Lack of any development or even plans for development of any of the parks while in charge? 100% Chapek.
- Putting a municipal hospital architect in charge of what remained of the corpse of Imagineering? 100% Chapek.
- Decision to reorg the company and place streaming ahead of all other entertainment despite all the people he consulted on it telling him it wouldn't go well? 100% Chapek.
- Trying to tell us that Halloween after parties were awesome while ignoring a devastatingly bad earnings miss? 100% Chapek.
- Going DIRECTLY against the board on multiple occasions, many of them after agreeing with them in meetings? 100% Chapek.
Now of course Iger should and does take the blame for giving us Chapek to begin with and if someone wants to make an argument Disney was already heading in the toilet before Chapek, that is fine, there is certainly evidence people can point to that would support that, but there is also plenty of evidence on how much the pace accelerated under Chapek and he created all new issues and emergencies for the company all on his own.
Let me put it this way. I feel like Iger pushed the company to the brink in a number of areas. Chapek came in, shoved it over the edge, climbed down to its broken body and then defecated on it all while telling us how great things were.