Disney extends CEO Bob Iger to 2018

[erin1715]

Noooooo!!!!

http://www.themeparkinsider.com/flume/201410/4238/

 

[disnut8]

Not sure I understand the "No". He's effectively said he's stepping down and was going to do that in 2016. You think a two year exit plan isn't realistic? I did that in a mundane job 15 years ago and it was a great success. I was able to train my replacement for the first year and then was available for questions while she did my job for the second year. Not all jobs can just be handed over with a handshake and a fond farewell.

 

[Missyrose]

Not sure I understand the "No". He's effectively said he's stepping down and was going to do that in 2016. You think a two year exit plan isn't realistic? I did that in a mundane job 15 years ago and it was a great success. I was able to train my replacement for the first year and then was available for questions while she did my job for the second year. Not all jobs can just be handed over with a handshake and a fond farewell.

I think the "Noooooo" part comes in when most of us were under the impression that the transition would be underway and completed in 2016, when Bob Iger said he would step down. Not that stepping down means he stays CEO for another two years after when he said he'd step down.

 

[erin1715]

I think the "Noooooo" part comes in when most of us were under the impression that the transition would be underway and completed in 2016, when Bob Iger said he would step down. Not that stepping down means he stays CEO for another two years after when he said he'd step down.

 

[OnSpaceshipEarth]

Y'know what? Bob Iger has steered this company into very secure waters. Yes...I agree that he is too conservative with investment in the parks but his leadership has resulted in Disney becoming a very strong and solid company.

That means a lot, imho.

 

[Tonyz]

Y'know what? Bob Iger has steered this company into very secure waters. Yes...I agree that he is too conservative with investment in the parks but his leadership has resulted in Disney becoming a very strong and solid company.

That means a lot, imho.

It still would have been a strong and solid company if he put more money into the parks and didn't cut traditions training so much.

 

[OnSpaceshipEarth]

It still would have been a strong and solid company if he put more money into the parks and didn't cut traditions training so much.

True...but overall it could have been much worse. When Iger took the reigns from Eisner the company was in pretty sad shape. I'm not an Iger *fan* but I'm not a detractor either. He has made some masterful decisions.

 

[Tonyz]

True...but overall it could have been much worse. When Iger took the reigns from Eisner the company was in pretty sad shape. I'm not an Iger *fan* but I'm not a detractor either. He has made some masterful decisions.

What were some of his masterful decision? And I'm not being sarcastic... I'm not an expert on Iger, nor am I a fan or really a "hater". I just like learning more about the Iger/Eisner stuff.

 

[OnSpaceshipEarth]

What were some of his masterful decision? And I'm not being sarcastic... I'm not an expert on Iger, nor am I a fan or really a "hater". I just like learning more about the Iger/Eisner stuff.

I'm not really a "fan" of Iger, either. One decision that has been spectacularly successful was the purchase of Pixar and making John Lasseter the head of Disney Animation. Animation is still at the core of this company and it's fruit is spread throughout the company in so many ways. Just a few years ago DreamWorks had Disney on the ropes...now...the roles have been reversed.

 

[jtowntoflorida]

What were some of his masterful decision? And I'm not being sarcastic... I'm not an expert on Iger, nor am I a fan or really a "hater". I just like learning more about the Iger/Eisner stuff.

Three words:

1. Pixar
2. Marvel
3. Star Wars

Me count good. I guess that's 4 words.

 

[lockedoutlogic]

How sweet...

I'm glad that Iger hasn't gotten drunk off his stock options and isn't gonna stick around too long.

But to be honest, it's not about even Iger...part of the announcement was he's appointing his successor from two internal candidates.

Huh? Staggs and Rasulo are both DUDS and everybody knows it. This is stale Eisner era tactics...look outside your company for somebody with some energy.

They just think that there stuff will sell no matter who/what.
Risky, foolish behavior

 

[Figmentforever24]

How sweet...

I'm glad that Iger hasn't gotten drunk off his stock options and isn't gonna stick around too long.

But to be honest, it's not about even Iger...part of the announcement was he's appointing his successor from two internal candidates.

Huh? Staggs and Rasulo are both DUDS and everybody knows it. This is stale Eisner era tactics...look outside your company for somebody with some energy.

They just think that there stuff will sell no matter who/what.
Risky, foolish behavior

Neither Staggs nor Rasulo are guaranteed that position. If anything he is waiting for Disney Springs, Shanghai Disneyland, Avatarland, Star Wars and whatever else they have planned.

 

[ArwenMarie]

They just think that there stuff will sell no matter who/what.
Risky, foolish behavior

They don't care. They will be long-gone by that time.

 

[lockedoutlogic]

Neither Staggs nor Rasulo are guaranteed that position. If anything he is waiting for Disney Springs, Shanghai Disneyland, Avatarland, Star Wars and whatever else they have planned.

Sorry...

I didnt quote the article

The NY times stated that part of the announcement was that Iger will appoint a COO...making a clear line of succession between "two strong internal candidates"

That could be crap...but it indicated that one of the clowns will at least get the nod.

It's also part PR...as that statement it directly meant to appease one of roy Disney's main arguments against Eisner...

And Iger cleaned up the rebound there...as Eisner was said to have thought Iger "lacked imagination and vision"

 

[lockedoutlogic]

They don't care. They will be long-gone by that time.

And why I can't take anyone seriously who tells me to not be so cynical and "trust" Disney because they're always "first class"

I believe we are in a transitional phase...and that's where key, longterm mistakes are made.

 

[ArwenMarie]

And why I can't take anyone seriously who tells me to not be so cynical and "trust" Disney because they're always "first class"

I believe we are in a transitional phase...and that's where key, longterm mistakes are made.

Agree.

In ten years or so, WDW could easily be a case study in business schools.

 

[beer dave]

Agree.

In ten years or so, WDW could easily be a case study in business schools.

interesting-- that is the time frame in which I see DVC getting interesting as far as resale pricing... with the MF up to 8.00 and the remaining time of contract being around 18 years...

 

[OnSpaceshipEarth]

Huh? Staggs and Rasulo are both DUDS and everybody knows it. This is stale Eisner era tactics...look outside your company for somebody with some energy.

They just think that there stuff will sell no matter who/what.
Risky, foolish behavior

lockedoutlogic...another brilliant post.

I'm hoping with this *extended contract* for Iger that there is going to be someone new and fresh to take his place.

If they aren't going to bring in "new blood" then why extend Iger's contract?

 

[Yellowstonetim]

Y'know what? Bob Iger has steered this company into very secure waters. Yes...I agree that he is too conservative with investment in the parks but his leadership has resulted in Disney becoming a very strong and solid company.

That means a lot, imho.

Three words:

1. Pixar
2. Marvel
3. Star Wars

Me count good. I guess that's 4 words.

We all want more in the parks, but Disney is in absolutely awesome shape right now, especially internationally. And every division is doing well.

Any one of those three would be a masterful stroke for an entire career, and now Disney has Pixar, Marvel, AND Star Wars! That is unbelievable! Not to mention a revamp of Disney animation. Frozen, Captain America, Maleficent this year.

Everything I read investment wise says Disney, while high and doing well right now, is STILL a good investment and will do well for a long time. Can't beat that.

He has done an awesome job, whether you like his park choices or not.

 

[lockedoutlogic]

We all want more in the parks, but Disney is in absolutely awesome shape right now, especially internationally. And every division is doing well.

Any one of those three would be a masterful stroke for an entire career, and now Disney has Pixar, Marvel, AND Star Wars! That is unbelievable! Not to mention a revamp of Disney animation. Frozen, Captain America, Maleficent this year.

Everything I read investment wise says Disney, while high and doing well right now, is STILL a good investment and will do well for a long time. Can't beat that.

He has done an awesome job, whether you like his park choices or not.

Actually...I take alot of shots at Iger... But only in specific areas... Notably the pillaging of wdw in many ways.

Overall, however, he has far outperformed what I would say would have been his biggest supporters expectations.

You have to worry about what his real motivation is now though...as he's going to enter that dangerous 15 years in power period where the reasonable expectation of a CEO shelf life has passed.

His predecessor was roaring at 10, stagnant at 15, and in steep decline and the business equivalent of insane at the end around 20.

Huge corporations NEED new blood and younger legs to jump over the boards and get in there. Or they risk isolation and elimination.

If Walt Disney had lived to 100...think he could has steered the company for another 20 years?
Yeah...into a tree. Had it made it to 1975-1980 I have little double he would either destroyed Disney or been replaced in a coupe. Like his son in law eventually was.

And as far as whether its a "good buy" for stock...you just pointed out why I again really wish they were private.

Expansion in wdw is really bad for the stock...which means were not the group that the leadership is looking to reward. And that's sad and it really sucks.

China? DCA? ...great for the stock. That's not really the case for wdw.

Public trading doesn't allow even good natured/intentioned corporations to give rewards or givebacks to even their most longstanding and loyal customers.
It's hard to argue that the travelers to wdw aren't at or very close to the top of that list.