Disney Stocks Tumble as Revenue Falls Short, Casting a Shadow over Bob Iger’s Upcoming Departure
Disney’s Share Drop Following Lackluster Earnings Last week, Disney’s stock took a hit, dropping nearly 8%, and the trend continued this week after the company’s fourth-quarter earnings failed to meet Wall Street forecasts. The revenue report showed a near standstill at $22.46 billion, adding a cloud over CEO Bob Iger’s second term. The operating profit […]
Disney’s search for Bob Iger’s replacement narrows to two contenders
Disney’s CEO Succession Race Heats Up The competition for the top leadership position at Disney has intensified, particularly after CEO Bob Iger’s tenure. Observers, both within the company and in the broader industry, are closely watching the head of the Theme Parks division. In recent months, Josh D’Amaro, currently President of the Disney Experience, has […]
The direction of Bob Iger’s confrontation with Nexstar and Sinclair on ‘Jimmy Kimmel’ — and the reasons behind the serious nature of the situation.
Viewers of local TV stations run by Nexstar and Sinclair should expect to see Jimmy Kimmel back on their screens soon. Both companies, which own many ABC affiliate stations across the country, have expressed concerns about misleading comments regarding Kimmel and the assassination of Charlie Kirk, according to a source. Disney appears poised to leverage […]
Bob Iger’s Disney, entertainment firms resume X advertising
Bob Iger's Disney and other entertainment giants have reportedly resumed advertising spending on Elon Musk's X. It comes a year after the billionaire told companies fleeing social media platforms to “get rid of themselves.” Disney, Comcast, Lionsgate Entertainment and Warner Bros. Discovery spent about $3.3 million on X ad buys this year, according to data […]
Disney broadens CEO search to find Bob Iger’s successor
Embattled media giant Disney is expanding its search for Bob Iger's successor beyond the walls of the Magic Kingdom, according to a new report. The Mouse House had considered a small number of candidates internally, but is now working with recruiters from search firm Heidrick & Struggles to consider external candidates for the top job. […]
The Existential Threat of Bob Iger’s Yacht
If climate change is an existential threat, should the government ban yachts, mansions, Disney cruises, Disney World, and green phonies? In 2021, the Disney Company issued its 183-page Corporate Social Responsibility Report, which included a section on environmental sustainability. Disney CEO Bob Iger is currently having a superyacht built for himself that is 210 feet […]
SCOTT SHEPARD: The Lesson Of Iger’s Continued Disney Chokehold
Bob Iger won the Nelson Peltz-driven challenge to his catastrophic, personal-politics-over-corporate-success mismanagement of The Walt Disney Company last Wednesday. Disney was down as far as 40 percent from its highs in 2023, driven in part by losses of up to 9 figures on virtually all of its wokeness-saturated tentpole releases. It has come off those […]
Ex-Disney CEO Bob Chapek rips Bob Iger’s search for ESPN partner
Former Disney CEO Bob Chapek broke his silence in his first public comments since being fired in 2022, announcing that current president Bob Iger is seeking a strategic partner for ESPN. criticized the move. Chapek said. CNBC He said he sees no reason for Disney-owned Sports Channel to add a minority partner. “Strategically, I don’t […]
Dow, S&P hit all-time high; Macy’s store closings; Disney CEO Iger’s payday; and Spirit-JetBlue deal grounded
CFRA Chief Investment Strategist Sam Stovall provides allocation advice and reacts to recent sector layoffs. — Dow Jones Industrial Average and S&P 500 soar to all-time highs — FOX Business Exclusive: Federal Reserve President Mary Daley on next interest rate move — Former President Trump sweeps Iowa, now heads to New Hampshire — Davos Recap: […]
Disney CEO Bob Iger’s pay hits $31.6M as struggles to rebuild
Disney Chief Executive Officer Bob Iger has announced that his 2023 pay will rise even as the struggling entertainment giant struggles to rebuild and fend off attacks from activist investor Nelson Peltz. It was expected to reach $31.6 million. Mr. Iger's salary package included a base salary of $865,385, plus $16.1 million in stock compensation, […]