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 to remain CEO for an additional two years. Disney sued DeSantis in late April, alleging the governor waged a “targeted campaign of government retaliation” after the company opposed a law critics call “ Don’t Say Gay.” Last month attorneys for DeSantis, a state agency and his appointees to a revamped board that governs Disney World asked a judge to dismiss the federal lawsuit. “Bob has once again set Disney on the right strategic path for ongoing value creation, and to ensure the successful completion of this transformation while also allowing ample time to position a new CEO for long-term success, the board determined it is in the best interest of shareholders to extend his tenure, and he has agreed to our request to remain Chief Executive Officer through the end of 2026,” Chairman Mark Parker said in a statement.

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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 …

Disney, Florida's DeSantis end spat with deal on 15-year expansion plan
6 months, 1 week ago

Disney, Florida's DeSantis end spat with deal on 15-year expansion plan

Hindustan Times  

June 12 - Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15 years. Disney, Florida's DeSantis end spat with deal on 15-year expansion plan DeSantis and Disney, one of Florida's biggest employers, had been embroiled …

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 …

After Disney’s epic corporate dust-up, can Bob Iger fix the House of Mouse?
8 months, 2 weeks ago

After Disney’s epic corporate dust-up, can Bob Iger fix the House of Mouse?

The Independent  

As corporate ding-dongs go, the battle for Disney’s soul was an epic worthy of one of the bigger movies produced by its dazzling array of creators. Iger was able to call upon Star Wars creator George Lucas, JP Morgan boss Jamie Dimon, Laurene Powell Jobs, the widow of Apple’s Steve, plus members of the Disney family. But his assault on …

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, …

Disney’s Bob Iger triumphs over Nelson Peltz in bitter shareholder vote. But big challenges remain
8 months, 3 weeks ago

Disney’s Bob Iger triumphs over Nelson Peltz in bitter shareholder vote. But big challenges remain

LA Times  

Walt Disney Co. on Wednesday fought off a bruising challenge from billionaire investor Nelson Peltz as shareholders delivered their overwhelming support for chief executive Bob Iger and the company’s nominated board members, ending a costly campaign against the Burbank entertainment giant’s leadership and strategy. Three-quarters of “retail” shareholders voted in support of Disney’s slate of 12 nominees, including Iger, for …

Why Bob Iger’s second act at Disney is looking brighter after a rough start
10 months, 1 week ago

Why Bob Iger’s second act at Disney is looking brighter after a rough start

LA Times  

After a bruising year of Hollywood strikes, wrenching job cuts and stock setbacks, Disney Chief Executive Bob Iger finally is racking up some wins. “It finally feels like the company has some financial control, in a way that Disney hasn’t felt in a number of years,” Michael Nathanson of the MoffettNathanson research firm said, adding that activist shareholders are also …

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 says ousted Marvel boss has ‘personal agenda’ against Bob Iger amid proxy fight
1 year ago

Disney says ousted Marvel boss has ‘personal agenda’ against Bob Iger amid proxy fight

LA Times  

Nelson Peltz, founder, partner and chief executive officer of Trian Fund Management,at his office in New York in 2022. On Thursday, Trian said Disney’s recent appointment of Morgan Stanley Chief Executive James Gorman and former Sky CEO Jeremy Darroch to the board was not enough to “restore investor confidence or address the root cause behind the significant value destruction and …

DeSantis urges Disney to drop lawsuit amid bitter feud with theme park
1 year, 4 months ago

DeSantis urges Disney to drop lawsuit amid bitter feud with theme park

Raw Story  

In an interview with CNBC that's set to air later Monday, Florida Gov. Ron DeSantis said Disney CEO Bob Iger should drop his lawsuit against the state. DeSantis and Disney have been locked in a bitter feud since Disney publicly criticized some of the governor's policies, particularly the so-called "Don't Say Gay" bill that limits discussion of sexual orientation in …

DeSantis' Presidential bid blitz marred by Disney, Florida pays the price
1 year, 7 months ago

DeSantis' Presidential bid blitz marred by Disney, Florida pays the price

Hindustan Times  

Thursday was not a happy day for "DeSantisland," as the anticipated entry of Florida Governor Ron DeSantis into the 2024 presidential race was overshadowed by a significant setback. Trump's campaign gleefully proclaimed that DeSantis had been "caught in the Mouse Trap," a prediction they had made weeks ago regarding the governor's confrontation with Disney. The hard fact that some of …

DeSantis' Presidential bid blitz marred by Disney, Florida pays the price
1 year, 7 months ago

DeSantis' Presidential bid blitz marred by Disney, Florida pays the price

Hindustan Times  

Thursday was not a happy day for "DeSantisland," as the anticipated entry of Florida Governor Ron DeSantis into the 2024 presidential race was overshadowed by a significant setback. Trump's campaign gleefully proclaimed that DeSantis had been "caught in the Mouse Trap," a prediction they had made weeks ago regarding the governor's confrontation with Disney. The hard fact that some of …

Disney cancels plan to move 2,000 workers to Florida amid DeSantis fight
1 year, 7 months ago

Disney cancels plan to move 2,000 workers to Florida amid DeSantis fight

LA Times  

Guests visit the Magic Kingdom at Disney World in Florida. Ron DeSantis’ hand-selected board that seeks to invalidate the entertainment company’s development contracts for the land that is home to Walt Disney World. Disney recently sued DeSantis for what it called a “campaign of government retaliation” to strip the company of its special privileges in the district that encompasses Walt …

Disney posts higher second-quarter earnings and revenue thanks to strong theme parks business
1 year, 7 months ago

Disney posts higher second-quarter earnings and revenue thanks to strong theme parks business

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Disney parks at the forefront after Iger’s return
1 year, 7 months ago

Disney parks at the forefront after Iger’s return

Associated Press  

It’s been six months since Bob Iger canceled his retirement and stepped back into the top role at Disney to right a number of perceived wrongs under his handpicked successor, with one hovering right near the top: reconnecting with the Disney theme park die-hards and restoring their faith in the brand. Among his first acts as returning chief executive, Iger …

DeSantis board approves suing Disney in response to lawsuit
1 year, 7 months ago

DeSantis board approves suing Disney in response to lawsuit

Al Jazeera  

The Disney lawsuit asks a judge to void the governor’s takeover of the theme park district previously controlled by it for 55 years. Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s so-called “Don’t Say Gay” bill, members of Disney World’s governing board — made up of Governor Ron DeSantis …

Disney sues Florida's DeSantis over 'campaign' to weaponize government against company
1 year, 7 months ago

Disney sues Florida's DeSantis over 'campaign' to weaponize government against company

The Hindu  

Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to exert control over the company's Walt Disney World theme parks in Orlando. The action comes as the oversight board DeSantis appointed to oversee development in and around Walt Disney World in central Florida endorsed a legal opinion that declared as void …

Disney sues Ron DeSantis over Florida district: ‘A targeted campaign of government retaliation’
1 year, 7 months ago

Disney sues Ron DeSantis over Florida district: ‘A targeted campaign of government retaliation’

LA Times  

Disney and Florida Gov. The Republican governor — who is widely expected to run for president in 2024 — has made his battle against Disney a cornerstone of his culture wars campaign, at times referring to the legendary California company as a “woke Burbank corporation.” The feud began last year after Disney spoke out against Florida’s so-called Don’t Say Gay …

With Iger’s return, Disney is in ‘fool around, find out’ mode
1 year, 8 months ago

With Iger’s return, Disney is in ‘fool around, find out’ mode

LA Times  

Disney Chief Executive Bob Iger spoke out against Florida Gov. Responding to one shareholder’s question, Iger criticized DeSantis for trying “to punish a company for its exercise of a constitutional right.” “And that just seems really wrong to me, against any company or individual but particularly against the company that means so much to the state that you live in,” …

Disney chief Bob Iger calls Gov. DeSantis’ actions ‘anti-business and anti-Florida’
1 year, 8 months ago

Disney chief Bob Iger calls Gov. DeSantis’ actions ‘anti-business and anti-Florida’

LA Times  

A family walks past Cinderella Castle in the Magic Kingdom at Walt Disney World in Lake Buena Vista, Fla. Walt Disney Co. Chief Executive Bob Iger on Monday shot back at Florida Gov. “It seems like he’s decided to retaliate against us.” Earlier Monday, the Republican governor ordered an investigation into whether Disney had colluded to illegally bypass a new …

Florida governor ends ‘corporate kingdom’ of Walt Disney World
1 year, 9 months ago

Florida governor ends ‘corporate kingdom’ of Walt Disney World

Al Jazeera  

Ron DeSantis removes special status from Florida’s largest private employer that had allowed it a wide berth to manage its own affairs. Florida Governor Ron DeSantis has signed a bill that takes control of a special tax district surrounding Walt Disney World that for half a century allowed Walt Disney Co to operate with a high degree of autonomy. State …

Disney to cut 7,000 jobs in Iger’s company ‘transformation’
1 year, 10 months ago

Disney to cut 7,000 jobs in Iger’s company ‘transformation’

Associated Press  

LOS ANGELES — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger. In a statement, Iger said Disney is embarking on a “significant transformation” that management believes will lead to improved profitability at the company’s streaming business. The company’s direct-to-consumer business, which includes …

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 …

Disney CEO Bob Iger orders workers to return to office at least four days a week
1 year, 11 months ago

Disney CEO Bob Iger orders workers to return to office at least four days a week

Daily Mail  

Disney CEO Bob Iger has ordered all employees to work in the corporate offices at least four days per week, two months after he returned to lead the company. Disney CEO Bob Iger has ordered all employees to work in the corporate offices at least four days per week starting on March 1 In November, Iger returned to lead Disney …

Bob Iger orders Disney employees back to the office four days a week
1 year, 11 months ago

Bob Iger orders Disney employees back to the office four days a week

LA Times  

The work-from-home era is over at Walt Disney Co. Chief Executive Bob Iger has ordered Disney employees to return to the office four days a week — Monday through Thursday — starting March 1, according to a Monday email to staff viewed by The Times. Iger, who returned to the CEO role less than two months ago, explained the change …

Marvel, Andor, Pixar: What Disney boss Bob Iger needs to change now he’s CEO again
2 years, 1 month ago

Marvel, Andor, Pixar: What Disney boss Bob Iger needs to change now he’s CEO again

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. A ban on Pixar follow-ups It’s been six years since Pixar …

Iger back on top in a Disney plot twist that few saw coming
2 years, 1 month ago

Iger back on top in a Disney plot twist that few saw coming

Associated Press  

BURBANK, Calif. — Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance. Iger separated completely with Disney near the end of last year …

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 …

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 …

Peter Rice ousted as Disney TV chief in major shake-up
2 years, 6 months ago

Peter Rice ousted as Disney TV chief in major shake-up

LA Times  

Peter Rice, left, Amanda Seyfried, Naveen Andrews, Dana Walden and Kareem Daniel attend the premiere of Hulu’s “The Dropout” on Feb. 24 at the DGA Theater Complex in Los Angeles. Peter Rice, the chairman of Walt Disney Co.’s TV content division, has been fired from the Burbank-based entertainment giant in a move sure to rock Hollywood. “Dana is a dynamic, …

Disney CEO Bob Chapek addresses employees on silence over Florida LGBTQ bill
2 years, 9 months ago

Disney CEO Bob Chapek addresses employees on silence over Florida LGBTQ bill

LA Times  

Walt Disney Co. Chief Executive Bob Chapek on Monday sent a lengthy email to employees to address the concerns of LGBTQ+ staff over the company’s public silence on legislation in Florida that would limit instruction on sexual orientation and gender identity in schools. Chapek said in his memo that he met on Friday with “a small group of Disney LGBTQ+ …

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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