Bob Iger is back in as CEO of the Walt Disney Company and has told its vast workforce that he intends to continue the company’s hiring freeze. Bob Iger, 71, returned to the helm at Disney just a week ago. He previously headed Disney from 2005 to 2022. He has agreed to come back for two years.
According to a report in the New York Times, Bob Iger told Disney employees, “These are challenging times, and I feel that now that I have assumed this role again. There is a lot we have to do and quickly.”
“If you look long term at the future of linear TV, it would be wise to be skeptical or pessimistic about it,” Bob Iger said. “How that manifests itself in our company I don’t know.”
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Bob Iger also said that keeping the hiring freeze in place was the “wise thing to do.”
He also said that creativity is his number one priority. Bob Iger told his employees “A number of you who worked with me know I’m obsessed with that [creativity]. But I’m obsessed with that for a reason. It is what drives the company.”
Bob Iger can expect to make at least $54 million over the next two years now that he has returned to lead Disney, according to the company’s financial filings. And he could make even more than that with all sorts of bonus pay. And the people at Disney, apparently don’t mind this at all as they seem pleased to have Bob Iger back in charge.
Robert A. Iger was previously Chief Executive Officer and Chairman of The Walt Disney Company from 2005 to 2020, then Executive Chairman and Chairman of the Board through 2021. This came two weeks ago as she spoke with investors about Disney’s worse than expected loss of $1.5 billion in Q3 2022.
Over his 15 years leading Disney, Bob Iger was the steward of one of the world’s largest media companies. He expanded Disney’s portfolio, leading the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox and increased the Company’s market capitalization fivefold during his time as CEO.