food IS a theme park
Disney is showing its teeth in the latest development of a very public proxy battle.
©Disney
Trian Partners, Nelson Peltz, and former Disney CFO Jay Rasulo are currently in a proxy battle with Disney over two seats on the Walt Disney Company’s Board of Directors. After Peltz and company publicly attacked current Disney CEO Bob Iger in a recent 133-page memo, Disney is firing back with its boldest denunciation of Peltz and Rasulo yet.
We’re Disney adults! Of course our favorite days of the year are when Disney holds earnings calls!
Walt Disney Company Headquarters ©LA Times
Yep, the fiscal earnings calls held by The Walt Disney Company happen four times each year, and they’re where we can hear some BIG updates and important information. The very first quarterly earnings call for 2024 will take place on February 7th at 4:30PM EST. We’re just a little over a month into the new year in early February, so what can we expect to learn from Disney during the call? Let’s talk about it!
It hasn’t been the best year for The Walt Disney Company.
Magic Kingdom
Disney CEO Bob Iger has been in the news for comments on Disney’s “woke agenda” and the proxy battle that has just been launched against his leadership. But, with 2023 coming to a close, we’re learning more about just how Iger feels about himself.
If you’re in the loop with Disney news, then you know that there’s a LOT going on right now.
Cinderella Castle
Between changes coming to the theme parks, new movies getting released in theaters, and The Walt Disney Company’s legal battle with Florida Governor Ron DeSantis, there’s plenty to try and keep up with. We’ve been following everything that’s happening, ready to hear more from Disney executives. And that’s exactly what happened today.
Disney is making headlines by supposedly outsmarting Florida Governor Ron DeSantis.
Reedy Creek
Did they really outmaneuver his takeover of Disney World’s Special District? Or has this legal battle just begun?
Now that Bob Iger is back as CEO of the Walt Disney Company — he has a long road ahead of him to “set the strategic direction” as he was tasked with.
©Alberto E. Rodriguez / Getty Images
That strategic redirection includes a massive overhaul of the company’s structure, which many expected, but what that new structure would look like remained unclear — until recently. Disney held its first company earnings call since Iger’s return, and he declared out with the old and in with the new — effective immediately.
Disney CEO Bob Iger re-took the position from Bob Chapek in November, much to the delight of many fans and investors. But that doesn’t mean Iger does the job perfectly or that his decisions go without scrutiny.
Bob Iger ©New York Post
Although Disney stock initially soared when Iger returned to the company, it’s now facing an almost 50-year low after the less-than-stellar box office performance of Avatar: The Way of Water. But one Disney executive pointed out that Iger has made questionable decisions and faced major mistakes in the past — and somehow the CEO emerges better than ever each time. [Read more…]
Bob Iger is back at Disney for a limited 2-year term — but will that be enough?
©Reuters
Iger’s return immediately impacted stock values (though we’ve since seen those drop a bit), and had some analysts cheering. We’ve already heard Iger comment on everything from gun violence to Park Passes since he stepped back into the CEO role, but he’ll face a heavy heap of challenges…and the clock is ticking.
Bob Chapek is out. Bob Iger is back. And BIG changes are already taking place.
©Disney | Walt Disney Company Headquarters
We’ve taken a look at how Iger’s return has impacted stock values, organizational changes that are set to take place now that Iger is back, and whether Iger will reverse some of Chapek’s biggest decisions. But Iger’s return seems to also be having an impact when it comes to some executives.
On Sunday, November 20th, The Walt Disney Company announced that Bob Iger would be taking over as CEO as Bob Chapek steps down from the position.
Magic Kingdom
A lot has happened in less than 48 hours since the announcement — stock prices are on the rise, celebrities and Disney fans have expressed their opinions on social media, Bob Iger’s salary has been revealed, and Bob Chapek’s “right-hand man” Kareem Daniel has also left the company. This change in CEO was effective immediately as of Sunday night (November 20th) and things are already moving so fast. So what should Iger’s first steps be as Disney’s CEO? Let’s dig into it.
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