The CEO speaks out on former CEO Bob Chapek, Florida Gov. Ron DeSantis, and Disney's recent releases. We may earn a commission from links on this page.
Robert Alan Chapek (born 1960) is an American former media executive who was the chief executive officer (CEO) of The Walt Disney Company from 2020 to 2022.
Roy Oliver Disney was, with his younger brother Walter Disney, the co-founder of what is now The Walt Disney Company. After Walt died, Roy became the chairman of the company.
According to Walt Disney's grand-nephew, Roy Patrick Disney, Walt and Roy owned about 20% of the company by 1960 and today the whole family owns less than 3% of it. Most of the family has stayed out of the business.
The Disney family is an American family that gained prominence when brothers Roy and Walt began creating films through the Disney Brothers Cartoon Studio, today known as mass media and entertainment conglomerate The Walt Disney Company.
What Disney CEO Bob Iger said about company's challenges in his Town Hall Meeting
Is Bob Iger a Democrat or Republican?
Politics. Iger has described himself as a political centrist. He previously identified with the Democratic Party. In 2016, Iger switched his party registration from Democratic to independent.
As a US businessman and corporate leader, Bob Iger net worth is thought to be $350 million. Bob Iger has been able to significantly increase Disney's success as CEO by overseeing the acquisition of companies like LucasFilm, Pixar, and Marvel.
He Comes Off as Genuine. Aside from confidence, many may get a sense of genuineness from Iger. It's a trait that he himself emphasizes as being key to great leadership. According to CNBC, Iger has indicated that it's essential to be genuine and honest at all times and to never “fake anything.”
Disney's Shanghai resort isn't actually owned by Disney. It's a joint venture with a "state-owned enterprise" — i.e., the CCP. The split? The CCP owns 57%, Disney just 43%.
Bob Chapek, who was fired as CEO by Disney last fall, received a pay package worth $24.18 million for 2022 and is set to receive severance payments worth more than $20 million. The company's board on Nov. 20 announced that it was replacing Chapek with former CEO Bob Iger for a two-year term.
Under Iger's new contract with Disney, he will earn a $1 million annual base salary, according to the company's most recent SEC filing. In addition to his base salary, Iger will also get a long-term incentive award with a target value of $25 million each year.
There's a reason Bob remains one of the world's most admired CEOs. He has led landmark acquisitions, championed culture-defining films, launched innovative distribution platforms, and delivered strong financial results, all while never forgetting the people—the employees and the fans—who make it all possible.
“The sale is part of the diversification of Mr. Iger's portfolio, and the value of these shares reflects the significant shareholder value generated under his leadership, with Disney's stock price rising from just $24 a share when he became CEO in 2005, far outpacing the S&P 500,” a Disney spokesperson said.
When longtime Disney CEO Robert Iger was winding down his tenure at the company in the waning years of the past decade, he considered running for president as a moderate Democrat. According to Iger, what he thought the country needed—and that he could deliver—was a sense of confidence and achievement.
Early in 1925, Disney hired an ink artist, Lillian Bounds. They married in July of that year, at her brother's house in her home town of Lewiston, Idaho.
Per the terms of their combined trusts — today worth about $400 million — Walt Disney's grandchildren were to receive 20 percent distributions, a good portion of it in Disney stock.
But for all its success, the family behind "The Happiest Place on Earth" has largely stayed out of the limelight and the business. While it's not known just how much the family is worth, GOBankingRates estimated the company's net worth to be $130 billion.
