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

[Nubs70]

I mean, if the point of layoffs is to trim down, save money, cut redundancies, etc. Laying off at the exec level doesn't make much sense, unless you are fully removing the team below them... or merging teams.

It's less likely to see execs in a reported mass lay off. You are more likely to see an exec announced as stepping down or leaving, separately.

Execs can and have been laid off, but usually to be replaced with someone else.

Unless you are cutting off the entire limb, the leaves fall first.

 

[HauntedPirate]

The 300 "corporate" employees getting axed will, in all likelihood, be HR, IT, Finance, and other related worker bees whose departments are being "right-sized", so those remaining employees will be doing more work. Highly doubtful anyone in management will be touched.

 

[TalkingHead]

They laid off a prominent NBA commentator at ESPN who apparently commanded a big salary. He’ll almost certainly be scooped up by another sports-media entity given his popularity.

 

[Lilofan]

The 300 "corporate" employees getting axed will, in all likelihood, be HR, IT, Finance, and other related worker bees whose departments are being "right-sized", so those remaining employees will be doing more work. Highly doubtful anyone in management will be touched.

Management responsibility of the ones when getting laid off will passed onto management who survived the layoffs and them getting more on their plate.

 

[tanc]

Staggs should have been CEO but Iger is too arrogant. Now we are stuck in a strange peril. I hope they choose wisely but I just have never seen anything impressive by Dana personally.

 

[JoeCamel]

Staggs should have been CEO but Iger is too arrogant. Now we are stuck in a strange peril. I hope they choose wisely but I just have never seen anything impressive by Dana personally.

I'm sure there will be a few years of transition and that opens up the possibility of mis-steps and confusion so lots of angst to come

 

[HMF]

Staggs should have been CEO but Iger is too arrogant. Now we are stuck in a strange peril. I hope they choose wisely but I just have never seen anything impressive by Dana personally.

You really want a guy from Strategic Planning to be CEO?

 

[TsWade2]

You really want a guy from Strategic Planning to be CEO?

Why not? I mean, he knows Disney more then anybody. Does he?

 

[co10064]

Obviously I don’t know the guy, but the problem I see in Iger is that he doesn’t seem to have much of a passion for the Disney brand.

I completely understand that he is a CEO and his number one goal is to have the company continuously increase in profit, but with a massive brand like Disney, surely there is someone out there who absolutely loves the product and is capable of making the company money.

 

[GimpYancIent]

Obviously I don’t know the guy, but the problem I see in Iger is that he doesn’t seem to have much of a passion for the Disney brand.

I completely understand that he is a CEO and his number one goal is to have the company continuously increase in profit, but with a massive brand like Disney, surely there is someone out there who absolutely loves the product and is capable of making the company money.

Your analysis is correct. In the case of Disney, the CEO needs to have a feel for, understanding and establish policy for a positive effect, stimulate appeal and attract the public. The #1, primary (actually only) monetary resource for Disney to achieve the goal of maximum profits is the PUBLIC. The fans, movie goers, park guests, visitor's, tourists and merchandise collectors. Through actions (which speak louder than words) the Bob's have ensured that the most precious monetary resource (THE PUBLIC) has been squeezed, manipulated, fleeced and generally treated as mere minions to be used. Absolutely the company could be realizing greater profits than with B.I.

 

[DCBaker]

Gorman says the next CEO is expected to be named in early 2026.

News - The Walt Disney Company Board Names James P. Gorman as Chairman

Here's the press release: BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) Board of Directors (the “Board”) has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing the Disney Board on January 2 after...

forums.wdwmagic.com

 

[GhostHost1000]

Gorman says the next CEO is expected to be named in early 2026.

News - The Walt Disney Company Board Names James P. Gorman as Chairman

Here's the press release: BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) Board of Directors (the “Board”) has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing the Disney Board on January 2 after...

forums.wdwmagic.com

The next CEO will probably be Roberto Igera

 

[Lilofan]

Gorman says the next CEO is expected to be named in early 2026.

News - The Walt Disney Company Board Names James P. Gorman as Chairman

Here's the press release: BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) Board of Directors (the “Board”) has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing the Disney Board on January 2 after...

forums.wdwmagic.com

Wall Steet and Disney is a marriage made in ______.

 

[Indy_UK]

Gorman says the next CEO is expected to be named in early 2026.

News - The Walt Disney Company Board Names James P. Gorman as Chairman

Here's the press release: BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) Board of Directors (the “Board”) has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing the Disney Board on January 2 after...

forums.wdwmagic.com

Can't come soon enough....

I assume 2025 then we will probably see D'Markup and Walden do some role overlap if they are contenders

 

[LSLS]

Can't come soon enough....

I assume 2025 then we will probably see D'Markup and Walden do some role overlap if they are contenders

They are contenders? Then I'd say we will probably see them both be fired.

 

[MR.Dis]

So they are kicking the can to Jan 2026, some 14 months from now. A lot can happen in 14 months, some emergency that "forces" Disney to beg his royal highness to sick around just a little longer. I will believe the change when it actually happens.

 

[MisterPenguin]

So they are kicking the can to Jan 2026, some 14 months from now. A lot can happen in 14 months, some emergency that "forces" Disney to beg his royal highness to sick around just a little longer. I will believe the change when it actually happens.

The can was kicked when they renewed his contract last year.

The decision will be made early 2026 and Bob will be out late 2026. That's enough time to deal with any October surprise by having a top three list ready just in case.

 

[HauntedPirate]

November 2022 - Bob Iger returns as CEO, promises to find new CEO before end of 2 year contract

Early 2023 - Alleged group formed to look into CEO succession planning

July 2023 - Bob Iger's 2-year contract extended another 2 years, to the end of 2026

Late 2024 - Alleged CEO succession group announces next CEO will be announced in early 2026

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Early 2026 - Alleged CEO succession group announces it needs more time to find "the right candidate" and extends Bob Iger another 2 years.

 

[britain]

This news seems more like they have decided that neither Walden nor D’maro passed the test.

 

[MisterPenguin]

This news seems more like they have decided that neither Walden nor D’maro passed the test.

They only have 15 months to narrow it down!!!