Disney CEO Bob Iger discusses departure plans and the sale of ABC

Nov 29, 2023 in "The Walt Disney Company"

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Bob Iger

Posted: Wednesday November 29, 2023 4:04pm ET by WDWMAGIC Staff

Disney CEO Bob Iger says he will "definitely" step down as CEO of The Walt Disney Company at the end of his contract in 2026.

Speaking at the New York Times Dealbook Conference, Iger also said that the ABC Broadcast Network is not for sale, appearing to backtrack on previous comments that the idea of a sale was being considered.

Iger, who spent more than four decades at the Company, including 15 years as its CEO, returned to serve as Disney's CEO for two years in November 2022, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company after his term. The board extended his contract in July 2023 to serve as CEO through December 31, 2026

The Disney CEO told Cast Members at a Disney Town Hall yesterday, "I knew that there were a myriad of challenges that I would face coming back. I won't say that it was easy, but I've never second-guessed the decision to come back, and being back still feels great."

Watch the video below from CNBC with more from Bob Iger's comments today.

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SirwalterraleighJan 24, 2025

Say it 1000 times…it’s not gonna be true Doubling prices in 10 years is not “inflation” And not only that…that government sanctioned (frankly) excuse from the plague is starting to collapse…as products are increasingly rejected Get your popcorn and watch it play

SirwalterraleighJan 24, 2025

That would involve reading books…or Wikipedia at a minimum… It’s a lot to ask 🤪

JD80Jan 24, 2025

Price increase recently have been basically on par with inflation.

AylaJan 24, 2025

And prices continue to rise at a ridiculous rate...

DranthJan 24, 2025

What amazes me it that this has been repeated throughout history over and over and over and yet we never seem to learn that eventually people break when things get this far out of whack.

SirwalterraleighJan 24, 2025

I don’t…it’s 100% about growing economic strife…for decades Even when it’s not “about that”…it ultimately gets back to it. Anger 101

DranthJan 24, 2025

It is gross how much CEO pay has shot up since 1980 when it really took off. Think I remember reading an article that pegged it at something like 1800% increase over that time. Can't recall if that was adjusted for inflation or not but either way it is a pretty massive increase. Obviously, it depends on the position but if you compare CEOs to their lowest paid, full-time hourly positions instead of the average it gets a lot uglier. If Iger got 41.1 million in 2024 then he is making roughly 1,170 times his base level employees. Generously, let's say a CEO puts in 80-hour work weeks, that means for 2024 he was making around $160 a minute. That is close to what an hourly employee will make in a full day if not more. Just for fun (the depressing kind), if Elon's 4.49 billion a year package from Tesla holds up, he will be getting around 128,200 times the lowest paid full-time positions. There aren't enough hours in the week for him to put in 80 at Tesla given all his other positions he has but let’s say he did. That would mean he was making $18,000 a minute or $300.00 a second. In that case, he is making around twice as much per second as his lowest level employees do in a day. And folks wonder why everyone is angry all the time.

SirwalterraleighJan 24, 2025

…shovels at the ready The line starts right behind Willow 😱 Remember: only HE can save us all 🤫

JoeCamelJan 24, 2025

One stat I saw was he makes 746 times what the average TWDC employee makes edit: but even if he worked for nothing it wouldn't move the needle on company earnings

GhostHost1000Jan 24, 2025

Bob’s salary increased 30% meanwhile we have a cost cutting thread

JoeCamelJan 24, 2025

I really think Bob needs a well paid geriatric pool boy...... https://blogmickey.com/2025/01/bob-igers-pay-2024/

DCBakerJan 23, 2025

Details for the 2025 Annual Meeting of Shareholders:

MisterPenguinJan 02, 2025

https://www.hollywoodreporter.com/business/business-news/hollywood-stocks-review-2024-netflix-walt-disney-warner-bros-discovery-1236087500/ https://variety.com/2024/biz/news/media-stocks-2024-netflix-disney-warner-bros-discovery-1236262140/ https://www.hollywoodreporter.com/business/business-news/2025-entertainment-stock-picks-disney-netflix-spotify-take-two-1236087572/

BrianLoDec 04, 2024

Not at all. Comcast wanted Fox and Disney wanted Sky. They both lost something, but Roberts only got the stinker and Dis was bid up unnecessarily. The only one who truly came out on top was Murdoch. Unless I’m misunderstanding you and you think Comcast didn’t want Fox?