In about 698 days, the Walt Disney Company is supposed to have its fourth CEO in three years. Optimistically presuming that past and current House of Mouse boss Bob Iger really does hand over the k…
A Christmas Carol,
The company last month issued revised guidance for single-digit revenue and profit growth in 2023, a fraction of the gains outlined in previous internal and Wall Street forecasts. While Disney’s focus on streaming has yielded strong results in ever growing subscriber totals, the initiative has also become a financial drain, causing almost $1.5 billion in operating losses in just the most recent quarter.
It’s a “Bah Humbug” state of affairs that puts Iger’s shortcomings as well as his strengths in the spotlight, as his latest swan song commences:Tom Staggs literally saved Iger’s life in 2003 by using the Heimlich maneuver to dislodge a chicken bone that was caught in the choking exec’s windpipe. However, in a series of ruthless moves Iger repaid that debt by kicking then heir apparent and COO to the curb in March 2016.
Additionally, a centerstage showman who knows how to keep the audience interested, Iger has over the years pivoted between reveling in his position as the Disney boss with the golden touch and rumblings of political office and more. Gaining headlines galore, underlings and flatterers have floated trial balloons of White House and gubernatorial bids, NFL ownership status, and even prestige ambassador postings.
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