Disney extends CEO Bob Iger to 2018
The Walt Disney Company has extended the contract of CEO and Chairman Bob Iger
until 2018. Iger was expected to step down as Disney's leader in 2016. Disney is expected to name a COO [chief operating officer] next year, to assist Iger and, effectively, become the heir apparent for the CEO job. Disney has not had a COO since Iger took over the top spot from Michael Eisner in 2005.
The top two internal candidates for the COO job are current Disney Parks chairman Tom Staggs and former Disney Parks chairman Jay Rasulo. Rasulo is now the chief financial officer at Disney, which is the job that Staggs held before the two swapped positions in 2010.
For anybody who loves Disney's Florida parks, this is awful news. The company needs new blood in the worst way, somebody who sees Walt Disney World beyond its simple value as a financial asset for the company. Iger, Staggs, and Rasulo are the responsible parties for WDW's stagnation, and to know that they're going to continue to be merrily holding hands for (at least) the next four years is disheartening.
Just call him Bottom Line Bob.
WDW may have stagnated, but a ton of projects are in the pipeline. They didn't close the tram ride at DHS for nothing.
There's no doubt that Iger's done a pretty good job in the past 9 years. However, I think I have to agree with Brett in that it's probably better to get someone new in after about 10 years. Stay any longer and you risk another Michael Eisner situation where the CEO starts out ambitious, but then later concerns themselves with how they're going to leave with the biggest paycheck possible.
If not Mr. Iger ... Then who?
^John Lasseter.... and if the Pixar legend won't do it, then Robert Niles!
Very much agreed. Iger has definitely improved things at Disney since Eisner left. And it is true that Eisner originally revitalized Disney in the late '80's/ early '90's but in the late '90's and early 2000's wanted to cheaply make sequels to classics for profit. Even Steve Jobs and Lasseter weren't putting up with Eisner in his last 10 years, as he was trying to buy Pixar only to not let them have their own distribution rights. That's why they waited until Iger took over for the Pixar buyout to happen. This may be bittersweet news and I definitely agree that while Iger's done a good job so far, Disney should still find a new CEO sooner rather than later so that the same thing doesn't happen to Iger like it did to Eisner.
People... you are just talking about the revenue of the theme parks and WDW... that is a small part of the business for Disney... the reality is that they are at all times pumping money into the the US theme parks... but think why they are opening one in Shanghai... because China is almost a virgin Disney place... they can get more revenue in China than the US. Also, the biggest buyouts in the history of hollywood happened with Bob Iger... Pixar, Marvel and Star Wars and those bring billions into the company on ticket sales, merchandising and oh surprise... theme park attractions based on those properties.... so don't get so fanatical about JUST the theme parks.... or just one of them.... there is a much bigger picture and is not bad that he will see it through till stepping down in 2018....
MONEY,Money, money $$$$ all about growth & wealth...
All I know is that when Disney made such a big deal out of stopping all help for The Boy Scouts, we stopped our twice a year trips to WDW and everything even remotely associated with Disney. We vote with our pocketbook. Mr. Iger needs to go if only because of the Boy Scout stupidity.
lol I love the comments. I have to admit Mr. Niles you have proven your love for the theme parks beyond just the value of the dollar. I say yes you should be running the WDW.
Nancy, Disney stopped supporting the Boy Scouts of America due to the Scouts position on homosexual leaders. Disney are also voting with their pocketbook by not giving money to an organisation who cannot recognise the difference between homosexuality and paedophilia.
Dittos to Tom Wilson. As a CM, it is incredible how off balance efforts are between guest experience, and revenue maker. Certainly, I would like to see the company offer a significant pay raise to catch up with the cost of living, However, more importantly is creating an environment that would help me pass on the magic to my guests. I drive a bus, and have noticed less care of the buses (keeping them running and safe, but not fixing their appearance), more potholes in the road surfaces than ever before, and have heard from other CM's similar concerns. We need a Disney to run the company. What happened to the decendants of the magic maker himself? Maybe, instead of working to open another park in a not-so-friendly part of the world, we should halt the growth, and trade it for a little more perfection. Hey Mr. Iger, the magic is in the details. That is what should be passed on to the next COO.
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