this man…
It's no exaggeration to say that Disney has problems, and they have a lot of problems.
In 2023, Mickey Mouse & Company will cut more than 8,000 jobs. At the box office, seven of the eight major theatrical releases failed, and Disney suffered losses. Over $400 million. Disney+ growth has stalled much faster than analysts expected, and subscriptions are going straight to the toilet. Their sports behemoth, ESPN, is collapsing with each passing day, and they're trying to sell a stake in the company to the NFL as the brand continues to lose money. (Related: NFL and ESPN on the verge of signing major deal that gives league stake in 4-letter network: Report)
This year has been a pretty bad year for Disney…
Can someone please explain to me why CEO Bob Iger felt the need to give him a $31.6 million raise?
What was introduced in Eiger's Money Bag was ( SEC statement (Submitted on Tuesday):
- $16.1 million in stock compensation
- Stock option compensation of $10 million
- $2.48 million in other compensation
- $2.14 million cash bonus
- Base salary $865,385
If it's going to put the company out of business, that's probably a good thing.
Disney CEO Bob Iger's compensation reaches $31.6 million as Mouse House struggles to rebuild https://t.co/8Cmg6N9GHV pic.twitter.com/YI0zP0TFFQ
— New York Post (@nypost) January 17, 2024
It really amazes me how people can achieve huge price increases when stocks are like this:
Bob Iger's total compensation is $31.6 million, up from $15 million a year ago: WSJ
The only explanation is that the DIS board is shorting the stock with a lot of leverage.https://t.co/SIs6CWMgMe pic.twitter.com/3AqQ6nEAkj
— Zero Hedge (@zerohedge) January 17, 2024
There are even hedge funds making fun of this nonsense.
Bob Iger just received $31 million. $DIS The stock is down 9% in the past 12 months, significantly underperforming the market.
Disney won't be releasing a single new movie or show for the next three months. zero. This company is a joke and the reviews are a joke.
— Blue Duck Capital Partners (@BlueDuckCap) January 17, 2024
What a joke!
