Bob Iger Remains Disney’s CEO and Chairman through June 2016
Bob Iger will continue to helm The Walt Disney Company through June 2016 as Chairman and CEO. This is a change from his original contract which called for him to retire as CEO in April 2015 and transition to the role of executive chairman.
Iger has been CEO of the company since September 30, 2005, and during his tenure has overseen the acquisition of Pixar, Marvel, and Lucasfilm, in addition to theme park and resort renovations. In 2012, Iger was paid nearly $40.2 million.
In a statement released by Disney Iger said:
I sincerely appreciate this vote of confidence by the Board of Directors, and will continue to work with our talented and dedicated management team to drive creative excellence, innovation and continued growth.
The company noted that under Iger's leadership The Walt Disney Company has "repeatedly been recognized as one of the "World's Most Respected Companies" by Barron's, ranking No. 2 in the magazine's just-released 2013 survey; one of the "World's Most Admired Companies" by Fortune; and No. 1 among "America's Most Reputable Companies" in a 2013 independent survey conducted by consulting firm Reputation Institute and published by Forbes."
Iger's new contract expires on June 30, 2016. Do you think his contract should be extended - or is it time for someone new to take the helm? Leave a comment and let us know who you would hire!
Story by Traci C., Source
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Kristen K. wrote on Tue, 07/09/2013 - 12:16:
This didn't surprise me very much, the company is bringing in record profits under Iger. I just wish that wasn't because the guests keep getting squeezed.
Minnie wrote on Tue, 06/23/2015 - 16:18:
Maybe, instead of paying a Disney CEO these ridiculous salaries, they should put some of that money into paying Disney employees (Cast members) much better than a little bit over minimum wage, which is what they're doing now. The company can certainly afford it!
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