4 ms·

its good its a change, but bad its the former CEO. That means this company is in real trouble. There will be a new CEO within 14 months.

by ProAm 4y ago

KerrAvon 4y ago
It's not a Jack Dorsey situation where they're just throwing old CEOs at the wall to see what sticks -- Iger ran Disney incredibly well and no one wanted him to leave. edit: see echelon's comment
- ProAm 4y ago
  No Iger is awesome, but I dont want a CEO that doesnt want to be CEO. They could have planned better rather than doing a mulligan.
- coolandsmartrr 4y ago
  True, it was Iger who spearheaded acquisition initiatives. In an age of increasing media production, consumers are more confused to pick what to consume. Iger consolidated many strong franchises (e.g. Pixar, Marvel, Star Wars) under Disney, and box-office charts are full of Disney-owned studios. For reference, link to echelon's comment - https://news.ycombinator.com/item?id=33688663 https://news.ycombinator.com/item?id=33688663
thedorkknight 4y ago
Why 14 specifically?
- sjs382 4y ago
  14 months = start of 2024.
BryantD 4y ago
I’d say 24 months, given that the Board explicitly said it was a 2 year contract to give Iger time to train his successor.
echelon 4y ago
Nah, Iger's got this. He just wants to retire, though. Iger put Disney on the right path after Eisner. He fixed a lot of the issues animators were having and put creative decision makers in the right places. Marvel, Star Wars, and Disney+ are just a few of the highlights of his bigger impact. He fundamentally understands the direction of the business. (So long as it doesn't get disrupted by AI/ML, which could cannibalize franchises.) Iger wanted to retire, and he picked one of his subordinates to take over. He picked very wrong. Kevin Mayer and Peter Rice were other picks that got snubbed. Meyer became the short-lived CEO of TikTok US (and left after the Trump admin threatened to shut it down), and Chapek got rid of Rice. Chapek bungled LGBT / Don't Say Gay, and for the former head of Parks didn't seem to manage COVID right. Iger's biggest mistake was Chapek. It's good to have Iger back. But he has to find a new replacement.
- gumby 4y ago
  It would be great for Disney if he could get Mayer back.
  - deleted 4y ago
    [deleted]
- tenpies 4y ago
  > Marvel, Star Wars, and Disney+ are just a few of the highlights. How much of the absurdly poor quality content that made to screens, were projects left in the pipe by Iger though? Iger is also the CEO that failed to reign in the woke agenda at Disney which has become the guiding principle of most of Disney's content. I would also argue that Chapek didn't bungle the Parental Rights in Education Act, he just inherited a company that is extremely aligned with a single political party in the US, and those values don't translate well outside of that one political party. Do you think Japan or China disagree with Florida's stance on the issue for example? Those two countries represent 3 of Disney's resorts, literally half of the entire portfolio. Don't get me wrong, Iger has ran Disney for decades and importantly, he's ran Disney through business cycles that aren't just Congress and the Fed going nuts with stimulus. He knows what it means when consumers are suddenly squeezed for pennies and you know it's bad when the de-facto Prime Minister of Canada uses cutting Disney+ as an example of consumer cost-cutting[1]. What I'd be worried about, is that he's not necessarily the best person to reign in the woke and return to universal values, which is a key pillar of why people consume Disney. --- [1] https://www.disneydining.com/canadians-are-urged-to-ditch-their-disney-subscriptions-immediately-bb1/ https://www.disneydining.com/canadians-are-urged-to-ditch-th...
dehrmann 4y ago
> That means this company is in real trouble. Disney uses its IP and theme parks to print money. Sure, it could have been doing better, but as long as people keep paying to see more of Star Wars, MCU, and Pixar, it would take almost intentional mismanagement to actually be in trouble.

its good its a change, but bad its the former CEO. That means this company is in real trouble. There will be a new CEO within 14 months.

by ProAm 4y ago

its good its a change, but bad its the former CEO. That means this company is in real trouble. There will be a new CEO within 14 months.

KerrAvon 4y ago

It's not a Jack Dorsey situation where they're just throwing old CEOs at the wall to see what sticks -- Iger ran Disney incredibly well and no one wanted him to leave. edit: see echelon's comment

ProAm 4y ago
No Iger is awesome, but I dont want a CEO that doesnt want to be CEO. They could have planned better rather than doing a mulligan.
coolandsmartrr 4y ago
True, it was Iger who spearheaded acquisition initiatives. In an age of increasing media production, consumers are more confused to pick what to consume. Iger consolidated many strong franchises (e.g. Pixar, Marvel, Star Wars) under Disney, and box-office charts are full of Disney-owned studios. For reference, link to echelon's comment - https://news.ycombinator.com/item?id=33688663 https://news.ycombinator.com/item?id=33688663

thedorkknight 4y ago

Why 14 specifically?

sjs382 4y ago
14 months = start of 2024.

BryantD 4y ago

I’d say 24 months, given that the Board explicitly said it was a 2 year contract to give Iger time to train his successor.

echelon 4y ago

Nah, Iger's got this. He just wants to retire, though. Iger put Disney on the right path after Eisner. He fixed a lot of the issues animators were having and put creative decision makers in the right places. Marvel, Star Wars, and Disney+ are just a few of the highlights of his bigger impact. He fundamentally understands the direction of the business. (So long as it doesn't get disrupted by AI/ML, which could cannibalize franchises.) Iger wanted to retire, and he picked one of his subordinates to take over. He picked very wrong. Kevin Mayer and Peter Rice were other picks that got snubbed. Meyer became the short-lived CEO of TikTok US (and left after the Trump admin threatened to shut it down), and Chapek got rid of Rice. Chapek bungled LGBT / Don't Say Gay, and for the former head of Parks didn't seem to manage COVID right. Iger's biggest mistake was Chapek. It's good to have Iger back. But he has to find a new replacement.

gumby 4y ago
It would be great for Disney if he could get Mayer back.
- deleted 4y ago
  [deleted]
tenpies 4y ago
> Marvel, Star Wars, and Disney+ are just a few of the highlights. How much of the absurdly poor quality content that made to screens, were projects left in the pipe by Iger though? Iger is also the CEO that failed to reign in the woke agenda at Disney which has become the guiding principle of most of Disney's content. I would also argue that Chapek didn't bungle the Parental Rights in Education Act, he just inherited a company that is extremely aligned with a single political party in the US, and those values don't translate well outside of that one political party. Do you think Japan or China disagree with Florida's stance on the issue for example? Those two countries represent 3 of Disney's resorts, literally half of the entire portfolio. Don't get me wrong, Iger has ran Disney for decades and importantly, he's ran Disney through business cycles that aren't just Congress and the Fed going nuts with stimulus. He knows what it means when consumers are suddenly squeezed for pennies and you know it's bad when the de-facto Prime Minister of Canada uses cutting Disney+ as an example of consumer cost-cutting[1]. What I'd be worried about, is that he's not necessarily the best person to reign in the woke and return to universal values, which is a key pillar of why people consume Disney. --- [1] https://www.disneydining.com/canadians-are-urged-to-ditch-their-disney-subscriptions-immediately-bb1/ https://www.disneydining.com/canadians-are-urged-to-ditch-th...

dehrmann 4y ago

> That means this company is in real trouble. Disney uses its IP and theme parks to print money. Sure, it could have been doing better, but as long as people keep paying to see more of Star Wars, MCU, and Pixar, it would take almost intentional mismanagement to actually be in trouble.