{"id":1971353,"date":"2023-07-12T20:15:02","date_gmt":"2023-07-13T00:15:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/board-of-directors-extend-disney-ceo-bob-igers-contract\/"},"modified":"2023-07-12T20:16:23","modified_gmt":"2023-07-13T00:16:23","slug":"board-of-directors-extend-disney-ceo-bob-igers-contract","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/board-of-directors-extend-disney-ceo-bob-igers-contract\/","title":{"rendered":"Disney CEO Bob Iger&#8217;s contract extended by the board of directors."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fboard-of-directors-extend-disney-ceo-bob-igers-contract%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1971353&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Walt Disney Company Chairman and CEO Robert A Iger poses with Mickey Mouse attends Mickey\u2019s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. (VALERIE MACON\/AFP via Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/noah-herring\">Noah Herring<\/a><br \/>4:47 PM \u2013 Wednesday, July 12, 2023<\/h2>\n<p>The Walt Disney Company has recently made an exciting announcement. They will be extending CEO Bob Iger\u2019s contract by two years, until the end of 2026.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The board decided to extend Iger\u2019s contract because it ensures \u201ccontinuity of leadership during the company\u2019s ongoing transformation,\u201d Disney representatives said in a statement.\u00a0<\/p>\n<p>Iger returned to the CEO role in November 2022, in what some called a surprise decision that brought him back less than a year after stepping down. Bob Chapek succeeded Iger as CEO in February 2020, although Iger remained chairman. However, Chapek\u2019s dubious judgments about the company\u2019s direction, as well as his unpopularity, prompted Disney\u2019s board to re-recruit Iger.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cTime and again, Bob [Iger] has shown an unparalleled ability to successfully transform Disney to drive future growth and financial returns, earning him a reputation as one of the world\u2019s best CEOs,\u201d said Disney chairman Mark G. Parker.\u00a0<\/p>\n<p>\u201cBob has once again set Disney on the right strategic path for ongoing value creation, and to ensure the successful completion of this transformation while also allowing ample time to position a new CEO for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seiu-throws-weight-behind-mail-in-voting\/\" title=\"SEIU Throws Weight Behind Mail-In Voting\">long-term success<\/a>, the Board determined it is in the best interest of shareholders to extend his tenure, and he has agreed to our request to remain Chief Executive Officer through the end of 2026,\u201d he added.<\/p>\n<\/blockquote>\n<p>The decision comes as Iger has reportedly emphasized the importance of the succession process.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u00a0\u201cI want to ensure Disney is strongly positioned when my successor takes the helm,\u201d Iger said of extending his contract. \u201cThe importance of the succession process cannot be overstated.\u201d<\/p>\n<\/blockquote>\n<p>Iger has delayed succession decisions before, which had caused him to extend his tenure as CEO despite his intentions to retire.\u00a0<\/p>\n<p>Disney is currently facing a range of internal issues as well as the reinvention of its TV business for the streaming era. In the past two years, the streaming market has slowed cutting many of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/board-of-directors-extend-disney-ceo-bob-igers-contract\/\" title=\"Disney CEO Bob Iger's contract extended by the board of directors.\">top streaming services valuations roughly<\/a> in half in 2022.\u00a0<\/p>\n<p>Box office analyst Valliant Renegade reported that Disney lost around $900 million on its previous eight studio titles. Disney also announced 7,000 job cuts last month after conducting a \u201cstrategic restructuring.\u201d <\/p>\n<p>The two-year timeline that was set after his return in November sparked discussion about who would succeed Iger, and whether or not they would be from inside the company. The decision to extend his contract will take some pressure off the company while Iger sets up a succession process.\u00a0<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The West Virginia and Kentucky Attorneys General push back against the Biden Administration\u2019s proposed pollution standards for cars and trucks<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">\n<p>with Andrea Kaye<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>National Political Correspondent Neil W. McCabe interviewed Jeff Clark, the litigation director for the Washington-based Center for Renewing America, about his contention that President Donald Trump\u2019s second chief of staff retired Marine Gen. John Kelly may have violated the Presidential Records Act by retaining his personal notes from meetings with Trump. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By James Pearson and Christopher Bing WASHINGTON\/LONDON (Reuters) -Chinese state-linked hackers since May have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-hackers-breach-government-agencies\/\" title=\"Chinese hackers infiltrate government agencies.\">secretly accessed email accounts<\/a> at around 25 organizations,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Elizabeth Howcroft LONDON (Reuters) \u2013 Crypto crime fell overall in the first six months of 2023, but the volume of payments\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Josh Ye HONG KONG (Reuters) \u2013 China has joined the global rush to generative artificial intelligence, boasting close to 80 AI\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>WASHINGTON (Reuters) \u2013 The State Department on Wednesday said it has no reason to doubt Microsoft\u2019s accusation that Chinese state-linked hackers since\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robert A. Iger&#8217;s tenure. The announcement was made during Mickey&#8217;s 90th Spectacular event in Los Angeles, where Iger posed with Mickey Mouse. The Walt Disney Company Chairman and CEO&#8217;s extension reflects the company&#8217;s confidence in his leadership.<\/p>\n","protected":false},"author":2055,"featured_media":1971354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1971353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1971353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2055"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1971353"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1971353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1971354"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1971353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1971353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1971353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}