David Faber: Celebs Rumors

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Bob Iger, After Winning Fierce Proxy Fight, Says Disney Board’s No. 1 Priority Is CEO Succession: ‘They’re Treating It With a Sense of Urgency’

Todd Spangler NY Digital Editor A day after Disney declared victory over activist investor Nelson Peltz, CEO Bob Iger said the board is proceeding with “urgency” in trying to identify the next chief executive with the “distraction” of the proxy fight over. “This was decisive in terms of how shareholders voted,” Iger said in an appearance Thursday morning on CNBC from Disney’s Burbank, Calif., headquarters, about the results of the April 3 meeting. Succession “is the board’s No.
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Disney CEO Bob Iger Says Writers and Actors Are Not Being ‘Realistic’ With Strikes: ‘It’s Very Disturbing to Me’
Ellise Shafer During an appearance on CNBC’s “Squawk Box” on Thursday morning, Disney CEO Bob Iger said that the writers and actors unions going on strike in Hollywood are not being “realistic” with their expectations. Speaking to CNBC’s David Faber from the Sun Valley Conference in Idaho, Iger commented on the ongoing Writers Guild of America strike and imminent decision for SAG-AFTRA to join them. “It’s very disturbing to me. We’ve talked about disruptive forces on this business and all the challenges we’re facing, the recovery from COVID which is ongoing, it’s not completely back. This is the worst time in the world to add to that disruption,” Iger said. “I understand any labor organization’s desire to work on behalf of its members to get the most compensation and be compensated fairly based on the value that they deliver. We managed, as an industry, to negotiate a very good deal with the directors guild that reflects the value that the directors contribute to this great business. We wanted to do the same thing with the writers, and we’d like to do the same thing with the actors. There’s a level of expectation that they have, that is just not realistic. And they are adding to the set of the challenges that this business is already facing that is, quite frankly, very disruptive.”
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