Walt Disney extends CEO Chapek’s contract 3 more years
2 years, 5 months ago

Walt Disney extends CEO Chapek’s contract 3 more years

LA Times  

Disney CEO Bob Chapek got overwhelming backing from the company’s board, which extended his contract for three years. Walt Disney’s board of directors unanimously voted to give Chief Executive Bob Chapek three more years atop the company, citing strong leadership during the pandemic. Disney’s board cited Chapek’s navigation of the company during the heath crisis, business results and a successful transformation strategy as reasons for extending his contract three more years. Nonetheless, Disney’s streaming service has thrived despite intense competition, growing to 138 million subscribers in less than three years, alongside strong attendance at its parks and to its movies.

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History of this topic

Disney says it will pick Bob Iger’s successor in early 2026
2 months ago

Disney says it will pick Bob Iger’s successor in early 2026

LA Times  

Walt Disney Co. on Monday said it now aims to name Chief Executive Bob Iger‘s successor in “early 2026,” later than many observers previously expected. Gorman, executive chairman of Morgan Stanley, chairs the Disney board’s succession planning committee, which is working to identify and prepare the company’s next leader before Iger’s contract expires. “Gorman’s name carries a lot of weight …

Nelson Peltz cashed out his Disney stake after losing his proxy fight
6 months, 3 weeks ago

Nelson Peltz cashed out his Disney stake after losing his proxy fight

LA Times  

In the end, veteran investor Nelson Peltz came away with a big win in his battle with the Walt Disney Co. Peltz’s Trian Fund Management sold its Disney shares after Peltz lost his hard-fought campaign to join the Burbank entertainment giant’s board of directors and exert influence over the Magic Kingdom. While Disney strenuously campaigned against Peltz and his ally, …

Why Disney is doubling down on theme parks with a $60-billion plan
8 months ago

Why Disney is doubling down on theme parks with a $60-billion plan

LA Times  

Over the decades since Walt Disney opened his first theme park in 1955, the company’s tourism business has ballooned to an enterprise worth tens of billions in yearly sales, with sprawling locations in Anaheim, Orlando, Paris, Shanghai, Hong Kong and Tokyo. “When you consider other elements of Disney’s business, those theme parks, they’ve shown themselves to be proven winners,” said …

The four Disney executives who could succeed Bob Iger as CEO in two years
8 months, 3 weeks ago

The four Disney executives who could succeed Bob Iger as CEO in two years

LA Times  

Walt Disney Co. Chief Executive Bob Iger has prevailed in the company’s shareholder fight against billionaire dissident Nelson Peltz. “But again, they’re treating it with a sense of urgency because it is so important.” Disney historically promotes from within, but board members currently are looking at potential external candidates as well as four top executives: Disney Entertainment co-Chair Dana Walden, …

Nelson Peltz seeks a seat on Disney’s board, and some changes
11 months ago

Nelson Peltz seeks a seat on Disney’s board, and some changes

Associated Press  

Nelson Peltz’s Trian Fund Management is formally nominating the activist investor and a former Disney executive for a seat on Disney’s board, two days after the media and entertainment company nominated a slate of directors that did not include either. Peltz and Jay Rasulo, Disney’s former chief financial officer, said in a preliminary proxy filing Thursday that they wanted to …

Disney paid CEO Bob Iger nearly $32 million in 2023
11 months, 1 week ago

Disney paid CEO Bob Iger nearly $32 million in 2023

LA Times  

Disney Chief Executive Bob Iger and his ousted successor, Bob Chapek, both received multimillion-dollar payouts during the 2023 fiscal year, according to the company’s preliminary proxy statement submitted on Tuesday. Elsewhere in the proxy statement, both Iger and Disney’s board said they did not support the board nominations from Nelson Peltz’s Trian Fund Management and the activist hedge fund Blackwells. …

Disney extends CEO Bob Iger’s contract 2 more years through 2026
1 year, 5 months ago

Disney extends CEO Bob Iger’s contract 2 more years through 2026

Associated Press  

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor. “Because I want to ensure Disney is strongly positioned when my successor takes the helm, I have agreed to the board’s request …

Disney faces proxy fight as Peltz pushes to join board
1 year, 11 months ago

Disney faces proxy fight as Peltz pushes to join board

Associated Press  

Activist investor Nelson Peltz is fighting for a seat on the board of Walt Disney Co., claiming that the company is struggling with self-inflicted problems. Peltz’s attempt to join Disney’s board comes just months after the company brought back longtime CEO Bob Iger to lead Disney again. Trian argues that Disney’s recent operating performance is disappointing, and said that the …

Robert Iger returns as Disney CEO as Bob Chapek is ousted
2 years, 1 month ago

Robert Iger returns as Disney CEO as Bob Chapek is ousted

Live Mint  

BY ROBBIE WHELAN | UPDATED NOV 21, 2022 04:49 AM EST Iger returns to the entertainment company he left only late last year; company’s stock price up premarket Walt Disney Co.’s board of directors on Sunday night replaced Chief Executive Bob Chapek with Robert Iger, the company’s former chairman and CEO who left the company at the end of last …

Disney Fires Bob Chapek, Brings Back Former CEO Bob Iger to Lead Company
2 years, 1 month ago

Disney Fires Bob Chapek, Brings Back Former CEO Bob Iger to Lead Company

News 18  

Disney ousted chief executive Bob Chapek on Sunday and announced that it had brought back former CEO Bob Iger to once again take the reins. “We thank Bob Chapek for his service to Disney over his long career,” Susan Arnold, chair of Disney’s board, said. Chapek upset many of Disney’s 200,000 employees earlier this year with how he handled the …

Bob Iger back as Disney CEO: Marvel, Lucasfilm and Pixar dealmaker replaces Bob Chapek
2 years, 1 month ago

Bob Iger back as Disney CEO: Marvel, Lucasfilm and Pixar dealmaker replaces Bob Chapek

The Independent  

Get our free weekly email for all the latest cinematic news from our film critic Clarisse Loughrey Get our The Life Cinematic email for free Get our The Life Cinematic email for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We thank Bob Chapek for his service to Disney over his …

Behind the stunning exit of Disney CEO Bob Chapek
2 years, 1 month ago

Behind the stunning exit of Disney CEO Bob Chapek

LA Times  

Five months ago, Bob Chapek seemed firmly in control. Walt Disney Co.’s board of directors in June extended Chapek’s contract as chief executive of the legendary company for an additional three years, noting his leadership was key to “keeping Disney on the successful path it is on today.” But on Sunday, Disney’s directors abruptly ditched Chapek, reinstalling his widely admired …

As Bob Iger comes back to Disney, he has new challenges
2 years, 1 month ago

As Bob Iger comes back to Disney, he has new challenges

Al Jazeera  

Legendary CEO of most powerful entertainment company will need to show how quickly he can cut costs and restore profits. The legendary chief executive who transformed Disney into the most powerful entertainment company on the planet will need to show how quickly he can cut costs and restore profitability, analysts say. Disney shocked investors late on Sunday evening by announcing …

Disney is not what it was when Bob Iger left. Does he have the magic touch to turn it around?
2 years, 1 month ago

Disney is not what it was when Bob Iger left. Does he have the magic touch to turn it around?

LA Times  

Bob Iger’s return to the Walt Disney Co. was greeted with glee by Wall Street and Hollywood’s creative community. Iger on Monday told staff he would enact his own restructuring of the company to put “more decision-making back in the hands of our creative teams,” which will effectively unwind Chapek’s controversial 2020 reorganization. “It’s a very difficult time for Bob …

Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable
2 years, 1 month ago

Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable

LA Times  

Bob Chapek wants Disney+ to be profitable by fiscal 2024, but meeting that goal is going to cause some pain at Walt Disney Co. In a memo to Disney executives reviewed by The Times, Chapek said he has established a “cost structure taskforce,” composed of Chief Financial Officer Christine McCarthy and general counsel Horacio Gutierrez. “These efforts will help us …

Disney CEO Bob Chapek’s pay doubles to $32.5 million as cash bonuses return to the Mouse House
2 years, 11 months ago

Disney CEO Bob Chapek’s pay doubles to $32.5 million as cash bonuses return to the Mouse House

LA Times  

In 2021, Disneyland came back. Bob Chapek’s compensation increased to $32.5 million during his second year as Walt Disney Co.’s chief executive, the company said in a Wednesday regulatory filing, as the Burbank entertainment colossus returned to doling out non-stock bonuses to its top leaders. Chapek’s pay package for fiscal 2021 more than doubled the nearly $14.2 million he earned …

Farewell, Bob Iger. Disney’s Bob Chapek era starts now
2 years, 11 months ago

Farewell, Bob Iger. Disney’s Bob Chapek era starts now

LA Times  

For 22 months, Walt Disney Co. has been run by “the two Bobs”: Bob Iger, the visionary leader who meticulously built an entertainment juggernaut; and Bob Chapek, his loyal lieutenant and successor as chief executive. With Disney’s cash spigots turned off, the company furloughed or laid off more than 100,000 workers, many of whom were affectionately known as “cast members,” …

Top Disney executives go without bonuses because of the pandemic
3 years, 11 months ago

Top Disney executives go without bonuses because of the pandemic

LA Times  

Walt Disney Co.’s top executives — including Chief Executive Bob Chapek and Executive Chairman Bob Iger — went without cash bonuses for the company’s most recent fiscal year because of the financial havoc caused by the COVID-19 pandemic, according to a regulatory filing released Tuesday. Chapek, in his first year as CEO of the Burbank entertainment giant, still had a …

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