July 1, 2013 |
Robert Iger will remain chief executive of the Walt Disney Co. through June of 2016, which is 15 months longer than expected, the entertainment juggernaut said Monday afternoon. Iger, who also serves as Disney's chairman, had been slated to step down from the chief executive role after March 31, 2015. Now he will vacate both posts on the same day in 2016. By extending Iger's chief executive deal, Disney also gives itself more time to choose a successor for him. Among those bandied about as potential replacements for Iger are Disney Chief Financial Officer James Rasulo and Walt Disney Parks and Resorts Chairman Thomas Staggs.
June 8, 2013 |
Walt Disney Co. Chairman and Chief Executive Robert Iger revealed details about the company's forthcoming Shanghai Disney Resort while appearing at the Fortune Global Forum in Chengdu, China. Speaking on Thursday at the annual conference, Iger said the planned Shanghai development "can't be the Disneyland that Walt built in 1955 for all kinds of reasons.... It has to look, feel, resemble China's Disneyland. And that has taken a lot of thought, a lot of work. " Shanghai Disney Resort, which is under construction, is slated to include two hotels, 495,000 square feet of retail space, a dining and entertainment venue, a lake and other facilities and amenities.
June 7, 2013 |
Walt Disney Co. Chairman and Chief Executive Robert Iger and Chief Financial Officer James Rasulo sold large quantities of company stock in mid-May, when shares of the Burbank entertainment giant were near an all-time high. Iger sold 1 million shares of stock on May 14, according to a Securities and Exchange Commission filing. The sale netted Iger $37.7 million before taxes. Rasulo, also a senior executive vice president at Disney, sold 217,264 shares on May 15, netting him $9.2 million before taxes.
March 6, 2013 |
Walt Disney Co. Chairman and Chief Executive Robert Iger faced tough questioning about alleged liberal bias at Disney-owned ABC News and ESPN during the entertainment company's annual meeting in Phoenix on Wednesday. Justin Danhof, a representative of the National Center for Public Policy Research, a free-market think-tank, told Iger that he believed this bias - which he said was apparent in ABC News reporter Brian Ross' coverage of the July 2012 mass shooting in Aurora, Colo. - could decrease Disney's advertising revenue because so many Americans are conservatives.
February 14, 2013 |
SACRAMENTO -- The country's second-largest public pension fund is opposing the reelection of Walt Disney Co. Chairman and Chief Executive Robert Iger to the entertainment and theme-park giant's board of directors. Citing concerns about the company's corporate governance, the $158-billion California State Teachers' Retirement System, known as CalSTRS, announced Thursday that it will vote its 5.3 million shares of Disney stock against Iger and five other board members who are up for election at an annual meeting March 6. CalSTRS' holdings in Disney are worth $263 million and represent 0.3% of the company's outstanding shares.
January 18, 2013 |
Robert Iger, chief executive of Walt Disney Co., got a big pay raise last year. Iger, 61, who also serves as chairman of the Burbank-based entertainment company, received total compensation valued at $40.2 million in the last fiscal year, a 20% increase over the prior year, according to a regulatory filing. The pay package included a bonus of $16.5 million, and $9.53 million in stock awards, in addition to $2.5 million in salary and nearly $4 million in other compensation, a filing with the Securities and Exchange Commission shows.