Bob Iger
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Bob Iger

Bob Iger
BobIgerHWOFJune2013.jpg
Iger in 2013
Born
Robert Allen Iger

(1951-02-10) February 10, 1951 (age 68)
EducationIthaca College (BS)
Years active1974–present
EmployerThe Walt Disney Company
TitleChairman and CEO
PredecessorMichael Eisner
Political partyDemocratic (before 2016)
Independent (2016-present)[1]
Kathleen Susan (divorced)
Willow Bay (m. 1995)
Children4
Signature
Robert A. Bob Iger signature.svg

Robert Allen Iger (; born February 10, 1951)[3] is an American media executive, film producer, author and businessman who is Chairman and Chief Executive Officer (CEO) of The Walt Disney Company. Before working for Disney, Iger served as the President of ABC Television from 1994-95, and as President/COO of Capital Cities/ABC, Inc. from 1995 until Disney's acquisition of the company in 1996.

He was named President and COO of Disney in 2000, and later succeeded Michael Eisner as the official CEO in 2005, after a successful effort by Roy E. Disney to shake up the management of the company. As part of his yearly compensation, Iger earned $44.9 million in 2015. During Iger's tenure, Disney broadened the company's roster of intellectual properties and its presence in international markets; Iger oversaw the acquisitions of Pixar in 2006 for $7.4 billion, Marvel Entertainment in 2009 for $4 billion, Lucasfilm in 2012 for $4.06 billion, and 21st Century Fox in 2019 for $71.3 billion, as well as the expansion of the company's theme park resorts in East Asia, with the introduction of Hong Kong Disneyland Resort and Shanghai Disney Resort in 2005 and 2016, respectively.

Iger was a driving force behind the reinvigoration of Walt Disney Animation Studios and the branded-release strategy of its film studio's output. Under Iger, Disney has experienced increases in revenue across its various divisions, with the company's market capitalization value increasing from $48.4 billion to $257 billion over a period of thirteen years.

In April 2019, Iger announced he will step down as CEO and Chairman of Disney when his contract expires at the end of 2021.[4]

Early life

Iger was born to a Jewish family in New York City.[3][5][6] He is the oldest son of Mimi (née Tunick) and Arthur L. Iger (b. 1926).[7][8] His father was a World War II Navy veteran[9] who served as the executive vice president and general manager of the Greenvale Marketing Corporation, and was also a professor of advertising and public relations; he also played the trumpet and had manic-depressive disorder.[10][7][9] His mother worked at Boardman Junior High School in Oceanside, New York.[11][12] Arthur's father Joe (i.e. Bob's paternal grandfather) was cartoonist Jerry Iger's brother.

He was raised in Oceanside, where he attended the Fulton Avenue School and graduated from Oceanside High School in 1969.[13][14] Iger developed a love of books from a young age.[9] In 1973, he graduated magna cum laude from the Roy H. Park School of Communications at Ithaca College with a Bachelor of Science degree in Television and Radio.[15]

Career

Iger began his media career in 1972 as the host of Campus Probe, an Ithaca College television show. He dreamed of becoming a news anchor while he worked as a weatherman in Ithaca for five months, before shifting his career goals.[16][17]

American Broadcasting Company (ABC)

In 1974, Iger joined the American Broadcasting Company (ABC).[18][19] His first job was performing menial labor on television sets for $150 a week.[9]

In 1989, he was named head of ABC Entertainment.[20] He served as president of the ABC Network Television Group from January 1993 to 1994, and was appointed as Capital Cities/ABC senior vice president in March 1993 and executive vice president in July 1993.[21] In 1994, Iger was named president and chief operating officer of ABC's corporate parent, Capital Cities/ABC.[22]

The Walt Disney Company

In 1996, The Walt Disney Company purchased Capital Cities/ABC and renamed it ABC, Inc., where Iger remained president until 1999.[3]

On February 25, 1999, Disney named Iger the president of Walt Disney International, the business unit that oversees Disney's international operations, as well as chairman of the ABC Group, removing him from day-to-day authority at ABC. Disney called the change a promotion for Iger.[23]

Disney named Iger the president and chief operating officer (COO) on January 24, 2000, making him Disney's No. 2 executive under chairman and CEO, Michael Eisner. Disney had been without a separate president since Eisner assumed the role following the departure of Michael Ovitz in 1997, after sixteen months at Disney.[24]

As a result of a successful effort by Roy E. Disney to shake up the management of the company, Disney began a search for the next CEO to replace Eisner. On March 13, 2005, Disney announced that Iger would succeed Michael Eisner as CEO, and Iger was placed in charge of day-to-day operations, though Eisner held the title of CEO until he resigned on September 30, 2005.[25] One of Iger's first major decisions as CEO was to reassign Disney's chief strategic officer, Peter Murphy, and disband the company's Strategic Planning division.[26] Prior to Iger being named CEO, board members Roy E. Disney and Stanley Gold began a campaign called "save Disney" against Eisner.[27] In July 2005, Disney and Gold dropped the campaign and agreed to work with Iger.[28]

On January 24, 2006, under Iger's leadership, Disney announced it would acquire Pixar for $7.4 billion in an all-stock transaction.[29] In the same year, Iger also re-acquired the rights to Walt Disney's first star, Oswald the Lucky Rabbit, from NBCUniversal by releasing sportscaster Al Michaels from ABC Sports to NBC Sports.[30]

Also in 2006, Roy E. Disney issued this statement regarding Iger:

Animation has always been the heart and soul of The Walt Disney Company, and it is wonderful to see Bob Iger and the company embraces that heritage by bringing the outstanding animation talent of the Pixar team back into the fold. This clearly solidifies The Walt Disney Company's position as the dominant leader in motion picture animation and we applaud and support Bob Iger's vision.[31]

In August 2009, Iger spearheaded negotiations that led Disney to acquire Marvel Entertainment and its associated assets for $4 billion. As of August 2014, Disney has recouped over $4 billion at the box office through the Marvel movies.[32] On October 7, 2011, Disney announced that Iger would become chairman of the board, following John Pepper's retirement from the board in March 2012.[33] On Tuesday November 15, 2011, Apple, Inc., led by CEO Tim Cook, named Iger to its board of directors. Iger was responsible for making Steve Jobs Disney's largest shareholder by its acquisition of Pixar.[34]

In October 2012, Iger signed a deal with film producer George Lucas to purchase Lucasfilm Ltd. for $4 billion following several months of negotiations. As a result, Disney acquired the rights to the Star Wars multimedia franchise and Indiana Jones.[35] Following its release on December 18, 2015, Star Wars: The Force Awakens grossed over $2 billion at the box office. In March 2016, Iger announced that the $5.5 billion Shanghai Disney Resort would open its doors on June 16, 2016.[36] In May 2016, Iger wrote in a Facebook post claiming that Disney has hired 11,000 new employees in the past decade at Disneyland, and 18,000 in the past decade. Iger specifically targeted Vermont Senator, Bernie Sanders, asking him how much he has contributed to job growth.[37]

Iger's contract as Disney's chairman and CEO was originally planned to run until June 30, 2018;[38][39] however, in March 2017, Disney announced that it was extending Iger's term to July 2, 2019, and said he would serve as a consultant for the following three years.[40][41] In December 2017, Disney extended Iger's contract through 2021.[42]

In July 2018, under Iger's leadership, Disney and 21st Century Fox shareholders approved a deal to allow Disney to purchase Fox assets.[43] The deal was finalized in March 2019.[44]

In April 2019, it was announced that Iger will depart from his position as CEO and chairman of Disney when his contract expires in 2021.[45][46] Iger resigned from Apple's board of directors on September 10, 2019, in order to avoid a conflict of interest as Disney and Apple prepare to launch competing streaming services Disney+ and Apple TV+.[47][48]

On September 23, 2019, Iger released a memoir titled The Ride of a Lifetime[49] which, in part, focuses on Iger's years-long efforts to open Shanghai Disneyland Park; overall, he traveled to China 40 times over 18 years for the project.[9]

Personal life

Iger has been married twice. His first marriage to Kathleen Susan Iger ended in divorce.[50] They have two daughters.

In 1995, Iger married journalist Willow Bay in an interfaith Jewish and Roman Catholic service in Bridgehampton, New York.[51] They have two children: Robert Maxwell "Max" Iger (born 1998) and William Iger (born 2002).

Iger has been noted for his kindness. David Geffen said "I have never heard one person say a bad thing about him and I have never seen him be mean".[9]

Iger co-chaired a fundraiser for Hillary Clinton's presidential campaign on August 22, 2016.[52] He was named to President-elect Trump's Strategic and Policy Forum on December 2, 2016.[53] He resigned from Trump's Advisory Council on June 1, 2017 after Trump withdrew the United States from the Paris Climate Agreement.[54]

In 2016, Iger switched his party registration from Democratic to independent (no party affiliation).[1]

He avoids all carbs but pizza, which Iger seeks out everywhere in the world.[9]

Accolades and recognition

In June 2012, Steven Spielberg, founder of the USC Shoah Foundation Institute for Visual History and Education, presented Iger with the Ambassador for Humanity Award. Iger was recognized for his support of the Institute's work, his longtime philanthropy, and his leadership role in corporate citizenship.[55][56] Iger was presented with The Milestone Award from the Producers Guild of America (PGA) in 2014. The award is the PGA's highest recognition for an individual or team who has made contributions to entertainment.[57]

In May 2015, Iger was named to the 25th Annual Broadcasting & Cable Hall of Fame.[16] In October 2015, the Toy Industry Association (TIA) inducted Iger into the Toy Industry Hall of Fame. He was selected by members of TIA in recognition of his contributions to the industry, and the impact his work has had on the lives of children worldwide.[58]

In December 2019, Iger was named by Time as their Businessperson of the Year.[59][60]

Bibliography

  • Iger, Robert (September 23, 2019). The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company. Penguin Random House. ISBN 9780399592096. OCLC 1111242203.

References

  1. ^ a b Rutenberg, Jim (October 8, 2017). "For Disney's Iger, an Unlikely Political Turn". New York Times. Retrieved 2017.
  2. ^ "Notice of 2019 Annual Meeting and Proxy Statement". Investis Digital. January 11, 2019. Retrieved 2019.
  3. ^ a b c Newcomb, Horace, ed. (2004). Encyclopedia of Television (2nd ed.). Routledge. p. 1168. ISBN 978-1579583941.
  4. ^ "Abigail Disney tells House committee CEO Bob Iger's $65M pay is "a moral issue"". www.cbsnews.com. Retrieved 2019.
  5. ^ "Bob Iger Talks Live Streaming for Disney's Channels". Jewish Business News. February 5, 2015. Archived from the original on August 6, 2016.
  6. ^ Brook, Vincent (December 15, 2016). From Shtetl to Stardom: Jews and Hollywood: Chapter 1: Still an Empire of Their Own: How Jews Remain Atop a Reinvented Hollywood. Purdue University Press. p. 15. ISBN 9781557537638.
  7. ^ a b "Arthur L. Iger". New York City / Long Island: (Death notice) Newsday. May 25, 2010. Archived from the original on June 10, 2016. Retrieved 2017.
  8. ^ "Miriam A. Iger". New York City / Long Island: (Death notice) Newsday. March 13, 2013. Archived from the original on September 10, 2016.
  9. ^ a b c d e f g Dowd, Maureen (September 22, 2019). "The Slow-Burning Success of Disney's Bob Iger". The New York Times. Retrieved 2019.
  10. ^ Robert Iger, interviewed by Christiane Amanpour on PBS's Amanpour & Co., 30 September 2019, re-aired 30 November 2019.
  11. ^ "NYT Notices, Willow Bay and Robert Iger". NYT. 2008.
  12. ^ Temple Avodah website: "Famous members - Robert Iger, President & CEO, Disney Corporation" Archived October 31, 2012, at the Wayback Machine retrieved October 11, 2012
  13. ^ "Here's what 13 successful CEOs looked like in high school | Financial Post". Business Insider. December 14, 2013.
  14. ^ Whitehouse, Beth (July 23, 2013). "Disney CEO Robert Iger helps his LI elementary school get playground". Newsday. Retrieved 2015.
  15. ^ "Ithaca College Alumnus Bob Iger Named Marketwatch CEO of the Year". Ithaca College. 2006.
  16. ^ a b "Disney Press Release". May 4, 2015. Retrieved 2016.
  17. ^ Barnes, Brooks (April 10, 2010). "Is Disney's Chief Having a Cinderella Moment?". The New York Times. Retrieved 2015.
  18. ^ "Robert Iger biography". referenceforbusiness.com. Retrieved 2018.
  19. ^ "Looking Beyond the Mouse". The Economist. January 26, 2006.
  20. ^ Carter, Bill (March 24, 1989). "ABC Names Its President of Entertainment". The New York Times. ISSN 0362-4331. Retrieved 2017.
  21. ^ Lowry, Brian (July 27, 1993). "ABC ups Iger, regroups divisions". Variety. Retrieved 2015.
  22. ^ "C-SPAN Biography of Mr. Robert A. Iger". C-SPAN.org. Retrieved 2016.
  23. ^ Weinraub, Bernard (January 25, 2000). "Disney Names New President In Reshuffling". The New York Times. Retrieved 2010.
  24. ^ Goldsmith, Jill (January 24, 2000). "Iger tapped No. 2 as Mouse TV booms". Variety. Retrieved 2014.
  25. ^ Ahrens, Frank. "Disney Chooses Successor to Chief Executive Eisner". Washington Post. Retrieved 2017.
  26. ^ Burt, Tim (March 27, 2005). "Disney demotes chief strategic officer". Financial Times.
  27. ^ "Disney launches more anti-Eisner sentiment". www.bizjournals.com. Retrieved 2018.
  28. ^ Gentile, Gary (July 9, 2005). "Roy Disney, Company Resolve Their Disputes". ISSN 0190-8286. Retrieved 2018.
  29. ^ La Monica, Paul R. (January 25, 2006). "Disney buys Pixar". money.cnn.com. Retrieved 2017.
  30. ^ "An excerpt from former ESPN president George Bodenheimer's book". ESPN.com. Retrieved 2018.
  31. ^ "Disney Forum (TBA) : News". Archived from the original on December 24, 2010.
  32. ^ Weisman, Aly (August 6, 2014). "Bob Iger: The Marvel Brand Is On Fire". Business Insider Australia. Retrieved 2016.
  33. ^ "The Walt Disney Company Extends Contract to 2016 for Robert A. Iger" (Press release). The Walt Disney Company. Retrieved 2011.
  34. ^ "Disney Chief Bob Iger Joins Apple Board". The Hollywood Reporter. Retrieved 2018.
  35. ^ Leonard, Devin (March 8, 2013). "How Disney Bought Lucasfilm—and Its Plans for Star Wars". Bloomberg. Retrieved 2016.
  36. ^ Miller, David (March 8, 2016). "Disney's Bob Iger discusses Shanghai resort, 'Star Wars' and ESPN at media conference". Los Angeles Times. Retrieved 2016.
  37. ^ Byers, Dylan (May 25, 2016). "Bob Iger fires back at Bernie Sanders: 'How many jobs have you created?'". CNN. Retrieved 2018.
  38. ^ Graser, Marc (October 2, 2014). "Bob Iger to Remain Disney Chief through 2018". Variety. Retrieved 2014.
  39. ^ Fritz, Ben (October 2, 2014). "Disney Extends CEO Bob Iger's Contract Until 2018". The Wall Street Journal. Retrieved 2014.
  40. ^ "Disney extends CEO Iger's contract by a year to July 2019". Reuters. March 23, 2017. Retrieved 2017.
  41. ^ Kilday, Gregg. "Disney's Dilemma: Can Bob Iger Ever Find a Successor?". The Hollywood Reporter.
  42. ^ Faughnder, Meg James, Ryan. "Disney extends CEO Bob Iger's contract through 2021". latimes.com. Retrieved 2019.
  43. ^ Castillo, Michelle (July 27, 2018). "Disney receives shareholder approval to buy Fox assets". CNBC. Retrieved 2018.
  44. ^ Romano, Nick. "The end of an era: Disney's acquisition of 21st Century Fox is finally complete". EW.com. Retrieved 2019.
  45. ^ Tyko, Kelly; Keveney, Bill (April 11, 2019). "Disney CEO Robert Iger announces 2021 retirement". USA TODAY.
  46. ^ Villasanta, Arthur (April 11, 2019). "Disney CEO Bob Iger Will Step Down By 2021, Succession Process Underway". International Business Times.
  47. ^ "Disney CEO Bob Iger resigns from Apple board as companies come into conflict on streaming". CNBC. Retrieved 2019.
  48. ^ Barnes, Brooks (September 13, 2019). "Iger Departs Board of Apple, Disney's New Streaming Competitor". The New York Times. Retrieved 2019.
  49. ^ "The Ride of a Lifetime". Penguin Random House. Retrieved 2019.
  50. ^ "Kathleen Iger and Jarrod Cushing". The New York Times. September 25, 2005.
  51. ^ "Willow Bay And Robert Iger". The New York Times. October 8, 1995. Retrieved 2014.
  52. ^ "Hillary Clinton Fundraisers Coming to Beverly Hills". The Beverly Hills Courier. August 3, 2016. Retrieved 2016.
  53. ^ "Disney's Bob Iger named to Donald Trump's new President's Strategic and Policy Forum".
  54. ^ Stedman, Alex; Johnson, Ted (June 1, 2017). "Disney CEO Bob Iger Resigns From Trump's Advisory Council Over Paris Accord Decision". Variety. Retrieved 2017.
  55. ^ US Shoah Foundation: "Steven Spielberg and USC Shoah Foundation Institute honor Robert A. Iger, Chairman and CEO of the Walt Disney Company" June 11, 2012
  56. ^ "Disney's Robert A. Iger Accepts the 2012 Ambassador for Humanity Award". USC Shoah Foundation Institute. YouTube.com. June 6, 2012. Retrieved 2016.
  57. ^ "PGA Honors Bob Iger with the 2014 Milestone Award - Producers Guild of America". www.producersguild.org. Retrieved 2017.
  58. ^ "Toy Industry Association (TIA) Press Release". October 14, 2015. Retrieved 2016.
  59. ^ Buscombe, Belinda (December 11, 2019). "Bob Iger Is Time 2019 Businessperson of the Year". Time. Retrieved 2019.
  60. ^ "Just Announced: Bob Iger Is TIME's 2019 Businessperson of the Year". December 11, 2019.

External links

Media related to Bob Iger at Wikimedia Commons

Business positions
Preceded by
Brandon Stoddard
President of ABC Entertainment
1989-1992
Succeeded by
Ted Harbert
Preceded by
Vacant
(Previously Michael Ovitz)
President of The Walt Disney Company
2000–2012
Succeeded by
Vacant
Preceded by
Michael Eisner
CEO of The Walt Disney Company
2005–
Succeeded by
Incumbent
Preceded by
John E. Pepper, Jr.
Chairman of The Walt Disney Company
2012–
Succeeded by
Incumbent

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Bob_Iger
 



 



 
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