Peltz didnt have much strategically to offerDisneybut did successfully press on one big misstep: succession.
The voting and tally marked the end of a bitter and expensive months-long fight.
A transition period is key.
Bob IgerMichael Buckner/Penske Media via Getty Images
Iger wouldnt say how long of a transition is under consideration.
But I think its really important …
This is a big, complicated company, he said.
And the board is very focused on who the person is when the decision should be made.
And essentially, how the handover will take place …
They are treating it with a sense of urgency.
This company was hit very, very hard.
And it handed my successor a set of challenges that were enormous in nature.
And hopefully that will not be the case the next time around.
I dont think that theres much more I can add in terms of the process itself or the transition.
Obviously, we all learn from the past.
You just have to double-check it doesnt happen again, Iger said.
And we had an opportunity to listen to them and hear what was on their minds as well.
And thats a very good thing.
Many Wall Streeters believe it had some impact.
Asked about noisy criticism from elsewhere, X owner Musk in particular, Iger said, I ignore it.
Somebodys going to attempt to blackmail me with advertising?!
Blackmail me with money?
Go f*ck yourself.
I hope it is.
Hey, Bob, if youre here in the audience, Musk said.
Sorry, thats how I feel.
It was downhill from there.Musk also financed a lawsuit by firedThe Mandalorianactress Gina Carano.
Another brawl may have quieted down.
Disney recently settled Florida state litigation paving the way for investment and smoother relations.
But I am not going to put words in his mouth.
On the woke content controversy that has dogged Disney, he said, entertaining audiences is the priority.
I think the noise is sort of quieted down.
I think a lot of people dont even understand really what it means.
They need to be entertaining.
Were trying to reach a very, very diverse audience.
And we just have to be more sensitive to the interest of a broad audience.
Its not easy, you cant hey everybody all the time, right?
