Oh boy, here we go again.
It seems like every few weeks, Disney, Inc. is sending out a new message about its progressive pivot. In September, CEO Bob Iger promised to dial down the culture wars. But now, the company is confessing that its woke agenda is actually hurting profits. Is Iger finally waving the white flag, or is it all just a big, complicated mess?
According to Jonathan Turley, it might seem counterintuitive for corporate execs to put politics over profits. But for some, it can be a career booster. It’s a tough situation for shareholders who just want to see the bottom line improve.
And now, Iger seems to be changing his tune once again. World of Reel shared details from CNBC’s Alex Sherman, revealing Iger’s latest bombshell. He’s pointing fingers at the Disney creators, saying they’ve lost sight of their mission. It seems like the company’s shift to preaching rather than entertaining has really irked the big boss.
But the big question is, did Iger just catch on to what everyone else has been saying for ages? It’s like he just watched “South Park” and finally realized the joke’s been on him all along.
So, what does this all mean for the House of Mouse?
Well, for starters, it’s not looking pretty. Box office bombs, sinking Disney+ subscriptions, and the diminishing aura of powerhouse franchises like “Star Wars” and the MCU. It’s safe to say, Disney’s been going through quite the rough patch lately. And Iger’s past proclamations didn’t lead to any significant changes within the company.
Now, enter activist investor Nelson Peltz, who’s gunning for more Disney board seats. He wants the company to get back to its family-friendly, non-political roots. Sounds like a slap in the face for Iger’s progressive dreams.
Peltz’s Trian Partners aren’t too pleased with Disney’s response to their concerns and are gearing up to take their case straight to the shareholders. It’s like drama straight out of a Disney movie, but, unfortunately, without the happy ending.
Oh, and let’s not forget Disney’s recent snub of X, Elon Musk’s less-restrictive take on Twitter. It sure looks like a politically charged move, especially when other platforms are rife with controversial content. Why single out X? Could it be that Disney just can’t shake off the politics?
And here’s the kicker—could it be that Iger’s got political ambitions waiting in the wings? With his ties to the Democratic Party and hints of a post-Disney career in politics, it’s not entirely far-fetched. Remember the whole ABC network protecting the Clintons fiasco? And who knows, with the 2024 election uncertainty, maybe Iger might throw his hat into the ring. We could be witnessing the most magical political career in the making.
But for now, it seems Iger’s focus is on bringing Disney back from the brink. Whether he’s setting the stage for a future in politics or just trying to save his corporate legacy, one thing’s for sure—there’s never a dull moment with Disney and its colorful cast of characters.
Stay tuned for the next thrilling episode of “As the Corporate World Turns”…
