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 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.
September 20, 2012 |
After its $1.5-billion take at the global box office, Walt Disney Co. is hoping to make its super-hero property "Avengers" its next major multi-media franchise alongside "Cars," 'Toy Story' and its princesses. The Burbank media giant's chief financial officer Jay Rasulo made the declaration Thursday at Goldman Sachs' Communacopia conference for its analysts and clients. An "Avengers" merchandise push will start this holiday season and continue next summer, Rasulo said, noting it would outshadow any merchandise initiatives tied to other Marvel brands, including "Thor" and "Captain America.
September 13, 2012 |
Walt Disney Co. will take a $50 million write-down in the current fiscal quarter for a stop-motion animation project it canceled in August. The untitled movie was to be directed by Henry Selick, the well respected filmmaker behind "Coraline" and "The Nightmare Before Christmas. " Previously set to be released in October 2013, the picture had been in production for about a year when new Walt Disney Studios Chairman Alan Horn halted work. News of the write-down came in a presentation that Disney chief financial officer Jay Rasulo made to investors at the Bank of America/Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills on Thursday.
January 21, 2012 |
Walt Disney Co. Chief Executive Bob Iger received nearly $31.4 million in total compensation last year, a 13.6% increase from 2010, according to a filing with the Securities and Exchange Commission. The board's compensation committee laid out the case for Iger's package, noting that 90% is tied to Disney's performance. It said the Burbank entertainment giant achieved record net income, revenue and earnings per share in fiscal 2011, and initiated a number of projects that would contribute to the company's' future growth — including expanding attractions at Disney theme parks in California, Florida and Hong Kong, and the joint venture to create a new park in Shanghai.
October 5, 2008 |
Walt Disney Parks and Resorts is giving visitors a birthday present next year: free admission. "Every guest gets in free to one of our parks on their birthday in 2009," said Jay Rasulo, chairman of Walt Disney Parks and Resorts. To qualify, visitors to Disney's U.S. parks have to show identification and proof of birth date. More information is at www.disneyparks.com, where birthday visits can be registered in advance. Visitors with multiday passes or who are otherwise already ticketed on their birthdays can get a one-day ticket for use in the following year; a "Fastpass" for immediate use for four rides for up to six people; or a voucher with a dollar amount equal to the free ticket, usable toward merchandise and other purchases.