Bob Iger

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Disney Finally Gets Activist Investor Off Its Back

Nelson Peltz reportedly dumps his entire Disney stake after losing proxy battle, makes $1B in profit

(Newser) - Last month, the "most expensive corporate proxy fight in history" ended for Nelson Peltz without the seats on Disney's board that he'd hoped for. Now, the activist investor is dumping all of his stock in the company: A source tells CNBC that Peltz has sold off his...

Disney Boss Addresses 'Superhero Fatigue'

Bob Iger says company is going to tamp down on Marvel franchise output to focus on quality

(Newser) - Disney had some good news to share during its latest quarterly report, including the profit its streaming services (Disney+ and Hulu) turned this time around. But CEO Bob Iger also noted during Tuesday's conference call with analysts that the company has had to contend with "superhero fatigue" around...

'Most Expensive Corporate Proxy Fight' Ever Is Over

Peltz loses bid for board seats after expensive proxy battle

(Newser) - Disney held its annual shareholder meeting Wednesday—and CEO Bob Iger prevailed in a long-running battle over board seats. Shareholders voted to re-elect all 12 of the company-backed board members, including Iger, Variety reports. They rejected a slate that included activist investor Nelson Peltz of investment firm Trian Partners and...

Disney's Activist Investor Slams 'Woke' Marvel Films

'Why do I need an all-Black cast?' Nelson Peltz asks in interview with 'Financial Times'

(Newser) - Black Panther's target demographic isn't necessarily the white octogenarian set, and you can count Disney activist investor Nelson Peltz as not a fan of the highly rated 2018 action-adventure flick. Peltz recently gave a wide-ranging interview with the Financial Times in which he criticized a too "woke"...

George Lucas Picks His Player in Disney Proxy Battle

'Star Wars' filmmaker goes to bat for CEO Bob Iger in fight against Nelson Peltz, as does Jamie Dimon

(Newser) - Nelson Peltz's hedge fund is trying to seize two seats on Disney's board of directors, but he's got some opposition, including from one of the entertainment giant's biggest single shareholders: Star Wars director George Lucas, who says he's backing the board and the leadership of...

Disney Announces 'Biggest Entry Ever Into World of Games'

Company is investing $1.5B in Fortnite maker Epic Games

(Newser) - The Walt Disney Co. said Wednesday it is paying $1.5 billion for a stake in Fortnite maker Epic Games, working with the game developer to create a "games and entertainment universe" that will feature games, shows, and characters from Disney, Pixar, Marvel, Star Wars, Avatar, and more. "...

Disney Announces Surprise Moana Sequel

It's coming to theaters November 27

(Newser) - A sequel to Disney's beloved Moana will hit theaters around Thanksgiving this year. Disney made the surprise Moana 2 announcement Wednesday during an earnings call, Variety reports. CEO Bob Iger says Disney was initially working on a TV series that would follow the 2016 film, but "we were...

Elon Musk Lashes Out at Disney CEO Bob Iger

'Walt Disney is turning in his grave over what Bob has done to his company'

(Newser) - Elon Musk lashed out at Bob Iger again in a series of posts on X Thursday, saying the Disney CEO "should be fired immediately." Referring to recent Disney flops, Musk said Iger "drops more bombs than a B-52," Fortune reports. "Walt Disney is turning in...

Ex-Disney CEO: Working There Was '3 Years of Hell'
Ex-Disney CEO: Working
There Was '3 Years of Hell'
THE RUNDOWN
Sep 7, 2023 9:55 AM CDT

Ex-Disney CEO: Working There Was '3 Years of Hell'

CNBC reports on friction between former chief Bob Chapek, former/current chief Bob Iger

(Newser) - When Bob Chapek assumed the leadership mantle at Disney in early 2020, it was no secret there was some friction between himself and former CEO Bob Iger—and in late 2022, the Disney board fired Chapek amid criticisms of his management, and Iger came out of retirement and reassumed his...

Disney Cancels $1B Office Plan for Florida

Iger had suggested company could cut back during feud with DeSantis

(Newser) - After CEO Bob Iger hinted last week that the company might do something like this, given what it sees as the hard time Gov. Ron DeSantis is giving it, Disney dropped its plans to build a $1 billion office complex in Florida. Josh D'Amaro, the head of theme parks,...

Disney CEO Asks if DeSantis Wants Disney in Florida

Iger defends his company in earnings call

(Newser) - The comments were made during an earnings call, but the questions posed by Disney boss Bob Iger this week were aimed at Florida Gov. Ron DeSantis. The two have been sparring for more than a year, with words and actions. Against that backdrop, Bob Iger asked during the call if...

Disney Boss: Prices Got Too High at Theme Parks

But Disney+ should have cost more at rollout, Iger says

(Newser) - The head of the Walt Disney Co. has conceded that theme park admission prices might have gotten a little out of hand—under his predecessor. "I always believed that Disney was a brand that needs to be accessible," Bob Iger said at a conference Thursday, Deadline reports. "...

Ousted Disney CEO's Exit Pay Revealed in Filing

Bob Chapek's package is worth about $20M

(Newser) - Bob Chapek may be out at Disney, but he's definitely not down and out. A Tuesday regulatory filing shows he's slated to walk with a severance package worth about $20 million. Insider gives the breakdown: It's $6.5 million in base salary tied to the scheduled end...

Disney CEO Tells Staff to Come in 4 Days a Week

Employees on hybrid schedule should spend more time in the office, Iger says

(Newser) - Since returning to the CEO job in November, Bob Iger has said he's looking for ways to energize the Walt Disney Co. On Monday, employees were told that will involve a change in their schedules. Those working a hybrid schedule will have to show up in person at the...

Clue to Disney Surprise Can Be Found in 2020 NYT Article


Clue to Disney
CEO Stunner
Lies in 2020
NYT Article
the rundown
Nov 21, 2022 1:07 PM CST

Clue to Disney CEO Stunner Lies in 2020 NYT Article

Just a few months after stepping down back then, Bob Iger seemingly regretted his decision

(Newser) - This weekend brought a bombshell in the world of business: Disney ousted CEO Bob Chapek and brought back former CEO Bob Iger to replace him. How surprising is it? Consider that Disney's board gave Chapek a three-year extension in June, notes the Washington Post . So what's behind what...

In 'Disney Shocker,' an Erstwhile CEO Returns

Bob Iger back in as Bob Chapek, criticized for his leadership, is abruptly out

(Newser) - Bob Iger abruptly stepped down as CEO of Disney in 2020, and less than three years later, he's just as abruptly stepping back in. The board announced to employees Sunday night that Iger would return to the position effective immediately, which means Bob Chapek, who took over for Iger...

What Disney May Need to Do Once the Parks Reopen

Executive Chair Bob Iger says it's possible temperature checks may be done for virus

(Newser) - If you've ever been to a Disney theme park, you know the rigmarole you have to go through to get past the security gates. Soon there may be an additional step: having your temperature taken. In a Tuesday interview with Barron's , Disney Executive Chair Bob Iger, who recently...

Disney CEO Bob Iger Abruptly Steps Down

Bob Chapek will replace him

(Newser) - Disney CEO Bob Iger, who steered the company through successful purchases of Star Wars, Marvel, and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday. The Walt Disney Co. named as his replacement Bob Chapek, most...

Calif. Elementary School Gets Apology From Disney's CEO

It was told by a licensing company it had to pay up for illegally screening 'The Lion King'

(Newser) - A California elementary school was on the receiving end of an unusual apology on Thursday: from Disney CEO Bob Iger. Emerson Elementary School in Berkeley found itself the subject of national news earlier this week when it emerged that it was informed it would have to pay $250 for illegally...

Old Video Suggests Royal Couple's Real Plan

Prince Harry is seen seeking work for Meghan in 2019

(Newser) - Looks like Prince Harry and Meghan Markle have been planning their royal departure for a while now, People reports. In a July 2019 video that resurfaced this weekend, Harry is seen at the London debut of The Lion King chatting up Disney CEO Bob Iger about a voice-over job for...

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