They will have only had 3 years to find the next CEO candidate by then, you can't expect them to rush.
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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
They will have only had 3 years to find the next CEO candidate by then, you can't expect them to rush.
Tom P.
Well-Known Member
I don't know what the board's fascination with keeping Iger is. I mean, compared to Chapek? Sure. But Disney hasn't exactly been the model of success over the past few years. You'd think the board would want to try something different.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.
ToTBellHop
Well-Known Member
See, as it pertains to WDW, what I hear is, “if it hasn’t gone vertical by January 2026, they aren’t building it.”
So, tick-tock Tropical Americas, Monsters, Cars, and Villains. Tick-tock.
So, tick-tock Tropical Americas, Monsters, Cars, and Villains. Tick-tock.
JoeCamel
Well-Known Member
But how will Bob find the time to mount his political campaign for 2028 if he stays on?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.
Cult of personality? Ego? You, I, and many others are wondering, as well.
Parks have been slipping since the mid-to-late 2010's - attendance actually dropped in 2019 after peaking in 2018 (and park attendance tends to be a lagging indicator. Don't look at 2023's TEA numbers compared with then...
). Marvel's unprecedented decade-long winning streak ended with Endgame. SW was never on an upwards trajectory at the box office. Disney's own movie content was a lot of misses in the 2010's with a few hits. He's been behind Sequelitis 2.0 (ha!) for years when it comes to movies. Iger arguably should have stepped aside in 2017 but his ego wouldn't allow it.Serpico Jones
Well-Known Member
I think these moves make an outside hire more possible.
UNCgolf
Well-Known Member
I had the same thought. Anything that's not already under construction when they bring in a new CEO may not happen.
Tropical Americas should be well under way by then. Monsters seems like it'll be off the ground, but I'm less sure about that considering they still haven't even announced where it's going or started any prep work.
Who knows about Cars... I think it's definitely possible they haven't shut down RoA by then, although if I was betting I'd say construction will have already started there too. Villains, though? Probably not, and that may not ever happen.
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britain
Well-Known Member
Yeah, till they ANNOUNCE the CEO, then they’ll have another year of transition.
Andrew C
You know what's funny?
The transition thing is so dumb...if they are afraid that it will all come apart as soon as Bob leaves, then the building blocks of the company are complete garbage.
BirdbyBird
New Member
It will come apart without Bob, always does.
Other than rampant speculation, there was no indication they even were tested. Walden played dirty with Iger and made him look bad with the Chapek hit piece as insurance against Bob pulling a Chapek on her if she became CEO, which sealed her fate with Bob. Now this new development just vaporizes any chance she’d get the CEO position.
It will be interesting to see who leaves the company, you know to pursue new opportunities.
Wall Street Agrees. That’s why Gorman is the new COB.
Bob still won’t give up his office with the private bath and shower combo.
ToTBellHop
Well-Known Member
From earlier today:
At least for MK, reducing bodies was a goal, not a failure. The whole world together can't fit in MK.Parks have been slipping since the mid-to-late 2010's - attendance actually dropped in 2019 after peaking in 2018 (and park attendance tends to be a lagging indicator. Don't look at 2023's TEA numbers compared with then...
Yes, all that one times bears that out.
Andrew C
You know what's funny?
Well that’s not a very unifying message. What would the children in “it’s a small world” think!?
Anyways, I recall Iger saying that at one point. “Sacrifice a bit of attendance for blah blah..“
Yeah, for several years he kept pointing out that GSATs were down due to over crowding. Price increases weren't doing anything to reverse that until after the pandemic.
Tom P.
Well-Known Member
But the goal was to have those people distribute to the other three Disney parks, not to have them go down the road to Universal or, worse yet, not come to Florida for a vacation at all.
He never said that, that I could recall. In fact, it often seems like only MK exists in the eyes of C Suite.
That they never did intentionally beef up "the other three" before putting more attractions in MK, bears that out.