Everything to know about Disney’s CEO shake-up and its effect on the entertainment giant
2 years, 1 month ago

Everything to know about Disney’s CEO shake-up and its effect on the entertainment giant

LA Times  

Bob Iger returned to the role of chief executive of the Walt Disney Co. in November 2022, replacing Bob Chapek, his hand-picked successor. The Burbank-based entertainment giant’s board ousted Chapek after nearly three years. Chapek took over the job from Iger in early 2020, just before the COVID-19 pandemic shuttered theaters and shut down Disneyland and the company’s theme parks around the world. Disney’s board moved quickly to bring Iger back because he was considering a position at another entertainment company.

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History of this topic

New CEO to Oversee Disney's Transformation
2 months, 2 weeks ago

New CEO to Oversee Disney's Transformation

Live Mint  

James Gorman, the CEO-obsessed succession pro leading Disney's search for Iger's replacement, has elevated Mark Parker to the position of chairman, marking a significant shift in the company's leadership. The board will select the next CEO in early 2026, giving Gorman more time to execute his turnaround strategy. With a focus on finding a CEO with strategic chops to lead …

Disney says it will pick Bob Iger’s successor in early 2026
2 months, 2 weeks 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 …

Walt Disney tasks Morgan Stanley's Gorman to lead CEO search
4 months, 2 weeks ago

Walt Disney tasks Morgan Stanley's Gorman to lead CEO search

Hindustan Times  

By Tanay Dhumal Walt Disney tasks Morgan Stanley's Gorman to lead CEO search Aug 21 - Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement to longtime CEO Bob Iger. Disney won a months-long proxy war earlier this year with activist investor Nelson …

Six notable CEOs who left their jobs within months
4 months, 3 weeks ago

Six notable CEOs who left their jobs within months

Live Mint  

The abrupt departure of Laxman Narasimhan as chief executive of Starbucks ushered him into a group of high-profile executives who have resigned, or been ousted, after less than two years in the position. Ron Johnson, J.C. Penney CEO tenure: November 2011-April 2013 J.C. Penney hired Johnson, a longtime Apple executive seen as a retail star, with great fanfare. Bob Chapek, …

Nelson Peltz cashed out his Disney stake after losing his proxy fight
7 months, 1 week 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, …

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

Why Bob Iger’s second act at Disney is looking brighter after a rough start
10 months, 4 weeks 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, 3 weeks 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, 1 month 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 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 …

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

Bob Iger’s tallest order at Disney: preparing his own replacement
2 years, 1 month ago

Bob Iger’s tallest order at Disney: preparing his own replacement

LA Times  

Bob Iger has had a difficult time finding someone who can succeed him at the Walt Disney Co. Bob Iger faces daunting challenges in his return to lead the Walt Disney Co. What to do about ESPN? Disney’s board will ultimately choose the company’s next chief executive, though Iger, who retired as executive chairman at the end of 2021, will …

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, 6 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 …

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
3 years 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 streaming chief leaves to become CEO of TikTok
4 years, 7 months ago

Disney streaming chief leaves to become CEO of TikTok

CNN  

New York CNN Business — Kevin Mayer, the executive who led Disney’s streaming efforts, is leaving the company to become the CEO of TikTok. Mayer will be the CEO of the popular short-form video app as well as the chief operating officer of ByteDance, TikTok’s parent company. The news of Mayer’s departure comes during a rough year for Disney, as …

Disney’s Bob Iger to forgo salary amid coronavirus crisis
4 years, 9 months ago

Disney’s Bob Iger to forgo salary amid coronavirus crisis

LA Times  

Walt Disney Co. Executive Chairman Bob Iger will forgo his salary starting in April as the company deals with the financial impact of the coronavirus crisis, which has shuttered theme parks and film productions. Disney Chief Executive Bob Chapek said Monday that senior executives including Iger would have their salaries reduced to “shoulder the burden” of the Burbank entertainment giant’s …

How Disney’s Bob Iger went from underrated CEO to Hollywood royalty
4 years, 10 months ago

How Disney’s Bob Iger went from underrated CEO to Hollywood royalty

LA Times  

Longtime CEO Bob Iger, seen in 2014, transformed not only Disney but all of Hollywood. “But no mogul in traditional entertainment has accomplished what he has.” So how did Iger, who announced last week that he was stepping down as Disney’s chief executive, go from an underrated executive to one of America’s most successful corporate titans who transformed not only …

Bob Iger steps down as Disney CEO after 15 year tenure; says 'I believe it's the optimal time to transition'
4 years, 10 months ago

Bob Iger steps down as Disney CEO after 15 year tenure; says 'I believe it's the optimal time to transition'

Firstpost  

Bob Iger’s most recent coup was orchestrating a $71 billion purchase of Fox’s entertainment business in March and launching the Disney Plus streaming service in November New York: Disney CEO Bob Iger, who steered the company’s absorption of Star Wars, Pixar, Marvel and Fox’s entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said …

Who is Bob Chapek? He’s no Bob Iger, but he is steeped in Disney culture
4 years, 10 months ago

Who is Bob Chapek? He’s no Bob Iger, but he is steeped in Disney culture

LA Times  

Walt Disney Co.’s appointment of theme parks boss Bob Chapek as its new chief executive, replacing Bob Iger, took Hollywood and Wall Street by surprise. As president of home entertainment, Chapek spearheaded the company’s “vault” strategy — a controversial but effective tactic that kept classic animated titles off video store shelves for long periods of time. “Chapek was running Disney’s …

Disney CEO Bob Iger was paid $48 million in 2019. That’s down 28% from 2018
4 years, 11 months ago

Disney CEO Bob Iger was paid $48 million in 2019. That’s down 28% from 2018

LA Times  

Disney Chief Executive Bob Iger. Walt Disney Co. Chief Executive Officer Bob Iger’s compensation was $48 million last year, down 28% because of a special bonus he got in fiscal 2018 for extending his contract and clinching the agreement to buy 21st Century Fox Inc. Hollywood Inc. Disney-Fox deal fallout: Hollywood braces for big changes Moments after putting the finishing …

Disney heiress calls CEO Bob Iger’s $65.6-million pay package ‘insane’
5 years, 8 months ago

Disney heiress calls CEO Bob Iger’s $65.6-million pay package ‘insane’

LA Times  

Abigail Disney, the granddaughter of Walt Disney Co. co-founder Roy O. Disney sharply rebuked the most recent pay package for CEO Bob Iger. Walt Disney Co. Chief Executive Bob Iger’s compensation has a major critic who shares the founder’s name. Philanthropist and documentarian Abigail Disney, who is grandniece of Walt Disney and granddaughter of co-founder Roy O. Disney, sharply rebuked …

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