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 Iger to step back in, but to be completely candid, I don’t know that anybody else would be better at this moment in time.” Disney did not make executives available for comment. “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,” said Susan Arnold, Disney’s chairman, in a written statement. “Iger picked his exit time optimally because he got the credit for subscriber growth without ever having to deliver on profitability,” said Doug Creutz, an analyst at Cowen & Co. “Now he has to deliver on profitability and that’s challenging no matter who’s in charge.” Iger may make even more radical changes, having recently said that traditional cable and satellite TV is headed for a “precipice.” ESPN makes money but suffers from cord-cutting and escalating costs for sports rights, but Disney has consistently rebuffed speculation that it would spin off ESPN, despite pressure from investors.

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History of this topic

Bob Iger is the most confident man in Corporate America
1 month, 1 week ago

Bob Iger is the most confident man in Corporate America

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. See here: Two years, nearly to the day, since Bob Iger returned as CEO, Disney surprised investors Thursday with better-than-expected earnings, and — in a twist no one saw coming — the company offered investors guidance for the next three years. But now, particularly with that guidance, it does …

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 …

Bob Iger: Embattled keeper of the House of Mouse
5 months, 2 weeks ago

Bob Iger: Embattled keeper of the House of Mouse

LA Times  

Bob Iger, photographed at the premiere of FX’s “Feud: Capote vs. the Swans” at the Museum of Modern Art in New York on Jan. 23. See the whole list Less than a year after Iger’s “retirement,” his heir, Bob Chapek, was ousted and the one true Bob was back on the throne, welcomed like a returning king. In a much-needed …

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 shareholders back CEO Iger and rebuff activists who wanted to shake up the company
8 months, 3 weeks ago

Disney shareholders back CEO Iger and rebuff activists who wanted to shake up the company

Associated Press  

SAN FRANCISCO — Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board. The dissident shareholders had said in a preliminary proxy filing that they wanted to complete a “successful CEO transition” at Disney and …

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 gains major support from investment firms to stave off Nelson Peltz
11 months, 3 weeks ago

Disney gains major support from investment firms to stave off Nelson Peltz

LA Times  

Disney has gained support from two key players as it attempts to stave off a proxy fight from activist investor Nelson Peltz, who has emerged as a persistent critic of Chief Executive Bob Iger’s leadership. “We call on Mr. Peltz to end his peacocking so that Disney can focus on its bright future, and not be dragged backward in time,” …

After Bob Iger’s ‘Mr. Fix It’ era, what’s next in the Disney proxy fight?
1 year ago

After Bob Iger’s ‘Mr. Fix It’ era, what’s next in the Disney proxy fight?

LA Times  

After the year of negative headlines Walt Disney Co. has had, I suppose it’s not exactly a shock that Chief Executive Bob Iger is facing renewed pressure from a prominent activist investor. Peltz’s firm, Trian Fund Management, said in a statement last week that it would take its “case for change directly to shareholders” after Disney turned down its request …

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 …

Disney boss Bob Iger says the company will 'quiet the noise' from culture war controversies - as it remains in legal spat with Florida Gov. Ron DeSantis after it waded into 'Don't Say Gay' law
1 year, 3 months ago

Disney boss Bob Iger says the company will 'quiet the noise' from culture war controversies - as it remains in legal spat with Florida Gov. Ron DeSantis after it waded into 'Don't Say Gay' law

Daily Mail  

The company filed an amended freedom of speech lawsuit against DeSantis Walt Disney CEO Bob Iger revealed the company will 'quiet the noise' around cultural issues because it has shown to be bad for business - as the company remains locked in a legal spat with Ron DeSantis. Iger's comments at an investor meeting are the latest update in the …

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 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 …

Ron DeSantis bit off more than he can chew in war with Disney: Wall Street Journal
1 year, 7 months ago

Ron DeSantis bit off more than he can chew in war with Disney: Wall Street Journal

Raw Story  

At the same time Gov. Ron DeSantis's supporters fear his 2024 presidential prospects are dissipating, he is According to a report from the Wall Street Journal, Republicans and Democrats in his state are cautioning that he is no match for the entertainment titan headed by CEO Robert Iger who recently "took back the reins from Bob Chapek after 15 years. …

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 …

Disney lays off entire next-generation storytelling team overseeing company's metaverse project
1 year, 8 months ago

Disney lays off entire next-generation storytelling team overseeing company's metaverse project

India Today  

Disney is laying off members of the next-generation storytelling and consumer-experiences unit as a part of the broader restructuring plan amid uncertain macroeconomic conditions. The next-generation storytelling division was overseeing Disney's metaverse strategies, which former CEO Bob Chapek described as "next-generation storytelling." The report points out that the head of Disney's next-generation storytelling and consumer-experiences unit, Mike White, will stay …

Disney petition: Employees rebel against Bob Iger's return to the office mandate
1 year, 10 months ago

Disney petition: Employees rebel against Bob Iger's return to the office mandate

Daily Mail  

The petition comes as Disney prepares to layoff 7,000 employees Disney employees are pushing back against the mandate recently announced by CEO Bob Iger requiring them to return to the office four days a week. Disney employees are pushing back against the mandate requiring them to return to the office four days a week, recently announced by Disney CEO Bob …

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 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 …

Kareem Daniel and the rise and fall of the Disney executive who helped define the Bob Chapek era
2 years ago

Kareem Daniel and the rise and fall of the Disney executive who helped define the Bob Chapek era

LA Times  

One former Disney executive said Kareem Daniel “helped design and led an organizational construct that was hated by the creatives.” Still, some were taken aback by the swiftness of his dismissal. “Kareem’s crime was that he was close to Chapek and that he helped design and led an organizational construct that was hated by the creatives,” one former Disney executive …

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’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 …

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's head of content says it's a BUSINESS decision to 'target' Gen. Z with LGBTQ content
2 years, 8 months ago

Disney's head of content says it's a BUSINESS decision to 'target' Gen. Z with LGBTQ content

Daily Mail  

A Disney executive has admitted that the company is seeking to increase diversity within the company because it is good for business, as the embattled CEO apologized to the LGBTQ community 'for not being the ally you needed me to be'. Karey Burke, head of entertainment, said that her son had told her: 'Gen-Z is 30-40 percent queerer than other …

After a Disney employee revolt, what’s next in the Chapek drama?
2 years, 9 months ago

After a Disney employee revolt, what’s next in the Chapek drama?

LA Times  

Bob Chapek apologized to Disney staff about his response to Florida’s so-called “Don’t Say Gay” bill. In my Saturday front-page article on Bob Chapek’s imbroglio over Florida’s so-called “Don’t Say Gay” bill, I wrote about how the Walt Disney Co. chief executive blundered in not anticipating the wrath of employees unafraid to take their leadership to task. Chapek said in …

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+ …

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,” …

Disney+ was the future. Now it’s Disney’s present
4 years, 1 month ago

Disney+ was the future. Now it’s Disney’s present

CNN  

New York CNN Business — Last year, Disney’s then-CEO Bob Iger called Disney+, the company’s nascent streaming service, “a bet on the future of this business.” Iger was right that Disney+ was a significant shift in the nearly century-old entertainment company’s focus. A great big beautiful tomorrow today As consumers were stuck at home, the service — which houses beloved …

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