Iger essentially ran Disney until January 2022.
Every movie that has crashed and burned in the last 18 months was an Iger movie.
Iger's compulsive idea to go to war with Governor DeSantis over Disney tax breaks and Sex Shows for children landed on the new CEO's desk, not on Iger's desk.
So, how did the Disney Board of Directors decide to solve this sudden avalanche of financial problems?
They fired the new CEO - and, they made Iger CEO and Executive Chairman again!
Iger RESIGNED in early 2020 when Covid was first becoming a household word.
He did this (apparently) to lock in his stock options and retirement bonuses while stock price was very high.
The boneheads on the Disney Board of Defectives are all complicit in the Iger-Grift ….. IMO
Chapek.
Raw deal? Who really knows?
And why does anyone care?
Yes. The underlying problem is the Board. I don't follow the Disney follies very closely, but it is often reported that the Board is split -- though clearly, at this point, the wokebots have control. Which brings us to the question of a theoretical shareholder revolt, and that takes us to what is wrong with the big banks and investment funds that hold most of the stock.