In a significant win for Disney and CEO Bob Iger, the entertainment giant emerged victorious in a hard-fought proxy battle against activist investors aiming to secure seats on the company’s board of directors. The shareholder vote at the annual meeting marked a legacy-defining moment for Iger. Disney’s board clinched victory by a substantial margin over…
Bob Iger, the Chief Executive Officer of Disney, saw a substantial increase in his compensation, totalling $31.6 million for the year 2023, marking a significant boost from his earnings in the preceding year. The breakdown of Iger’s 2023 pay package, as outlined in The Walt Disney Company’s annual proxy statement filed on Tuesday, includes a…
The enchantment of Disney has faced challenges this year, casting shadows on the entertainment giant’s path. Having recently celebrated its centennial, Disney, over the last hundred years, has transformed into one of the world’s largest publicly traded media and entertainment companies, boasting a market cap exceeding $150 billion. Despite these monumental achievements, the House of…
The board of The Walt Disney Company has unanimously voted to extend CEO Bob Iger’s contract by two years, until the end of 2026. When Iger returned to the CEO position in 2022, he had initially planned to stay for two years while a replacement was sought. In a statement, Iger acknowledged the challenging decisions…
Less than 24 hours after his shock return as Disney’s chief executive, Bob Iger says he is planning a major shake-up of the business. As reported by the BBC, one of his first moves has resulted in the exit of the head of company’s Media and Entertainment Distribution division, Kareem Daniel. Mr Daniel was a…
