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News Round Up 2018

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MickeyMinnieMom said:
Not sure why it’s “awesome”... I know some here love to dis Iger but massive investments are now being made in parks, and:

“Disney’s total shareholder return since Mr. Iger was named CEO in 2005 has been 416%, compared to 190% for the S&P 500, according to The Wall Street Journal Market Data Group.”​

I’d be interested to hear the true reasoning behind it. It was close, btw: 52% against vote. The article cites nothing but some really vague opinion of an advisory firm... and I’d venture a guess that they would be true of Iger’s comp all along, and that of many CEOs out there:

“ISS and Glass, Lewis & Co., the second biggest proxy advisory firm, had recom-mended Disney shareholders vote against the say-on-pay resolution. ISS had said in its report that “the substantial payments to Bob Iger, in connection with his contract extension and the upcoming 21st Century Fox merger, are concerning” and that the equity award in his contract extension, “while primarily performance-based, is tied to fairly nonrigorous goals.””​
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Well they are in the midst of union negotiations so I’m thinking maybe some shareholders may have thought about that in voting. It’s not like Iger isn’t getting paid either. He’s doing quite well.
 
rteetz said:
Well they are in the midst of union negotiations so I’m thinking maybe some shareholders may have thought about that in voting. It’s not like Iger isn’t getting paid either. He’s doing quite well.
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Indeed! I’m not worried about him! :laughing: I don’t get the ire he draws from some, though.

Union impact — that makes sense — forgot about that. :thumbsup2
 
MickeyMinnieMom said:
Not sure why it’s “awesome”... I know some here love to dis Iger but massive investments are now being made in parks, and:

“Disney’s total shareholder return since Mr. Iger was named CEO in 2005 has been 416%, compared to 190% for the S&P 500, according to The Wall Street Journal Market Data Group.”​

I’d be interested to hear the true reasoning behind it. It was close, btw: 52% against vote. The article cites nothing but some really vague opinion of an advisory firm... and I’d venture a guess that they would be true of Iger’s comp all along, and that of many CEOs out there:

“ISS and Glass, Lewis & Co., the second biggest proxy advisory firm, had recom-mended Disney shareholders vote against the say-on-pay resolution. ISS had said in its report that “the substantial payments to Bob Iger, in connection with his contract extension and the upcoming 21st Century Fox merger, are concerning” and that the equity award in his contract extension, “while primarily performance-based, is tied to fairly nonrigorous goals.””​
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Pretty sure any advice from an advisorial firm to shareholders like that is concern about return to the shareholders going forward (especially after the huge capital layout for FOX) and not really about wanting more pay to the front-line CMs
 




TheMaxRebo said:
Pretty sure any advice from an advisorial firm to shareholders like that is concern about return to the shareholders going forward (especially after the huge capital layout for FOX) and not really about wanting more pay to the front-line CMs
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As a general rule, I agree that this is what they are saying. Doesn't feel much more substantiated now than it would have been at many other times during Iger's tenure (economic downturn, buying major IP like SW & Marvel, etc.), though. Feels like it would have to be something else, and "politics" surrounding union negotiations are a "something else". That said, I have no idea how common it is for the timing of such negotiations and this vote on comp to be aligned. Maybe that happens all the time as well! :confused3

ETA: And honestly, unless they think this thing is going to be an epic fail, each of Iger's acquisitions clearly aimed at a feasible way to strengthen the company and the brand, and thus ultimately increase shareholder value. Is the advisory firm really concerned that the delta on Iger's salary will really decrease shareholder value? Seems odd.
 
MickeyMinnieMom said:
As a general rule, I agree that this is what they are saying. Doesn't feel much more substantiated now than it would have been at many other times during Iger's tenure (economic downturn, buying major IP like SW & Marvel, etc.), though. Feels like it would have to be something else, and "politics" surrounding union negotiations are a "something else". That said, I have no idea how common it is for the timing of such negotiations and this vote on comp to be aligned. Maybe that happens all the time as well! :confused3

ETA: And honestly, unless they think this thing is going to be an epic fail, each of Iger's acquisitions clearly aimed at a feasible way to strengthen the company and the brand, and thus ultimately increase shareholder value. Is the advisory firm really concerned that the delta on Iger's salary will really decrease shareholder value? Seems odd.
Click to expand...

It could be that with the timing of the union negotiations and the protesting and stuff that this advisories form those that this was the chance to do something and “show their clout”
 
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