It will come as no surprise to anyone to hear that Iger has already started to shake things up in The Walt Disney Company and restructuring is promised to start in the coming weeks.
Iger has announced that as part of this restructuring, chairman of Disney Media and Entertainment Distribution, Kareem Daniel who was put in place by Chapek, will be stepping down from his position.
Iger went on to say, “I’ve asked Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to work together on the design of a new structure that puts more decision-making back in the hands of our creative teams and rationalizes costs, and this will necessitate a reorganization of Disney Media & Entertainment Distribution. Our goal is to have the new structure in place in the coming months. Without question, elements of DMED will remain, but I fundamentally believe that storytelling is what fuels this company, and it belongs at the center of how we organize our businesses.”
It is certainly clear that Iger means business in trying to turn The Walt Disney Company around and asks for patience as he and his team of executives develop a roadmap for the promised restructuring. It seems as if Iger is putting storytelling back at the heart of The Walt Disney Company and we guess only time will tell as to the success of Iger's plan.
Disney fans are undoubtedly hoping to see a number of changes now Iger is back at the reins. Ending the Parks Reservations system, making park hopping easier and revamping Genie+ to a system which works for both guests and shareholders are just a few to get him started!
A lot of people will be interested in how much Disney are paying Iger and it appears that if Iger manages to deliver the performance goals which are set by the Board of Directors and the "Compensation Committee" that he could earn an extra £1 million annual bonus on top of the £1 million annual salary. Alongside this, Iger could earn an additional $25 million in long-term incentive awards.
Disney has updated the leadership pages on the official Walt Disney Company website to show Robert A. Iger as the new CEO. Do you think Disney has made the right decision to rehire Bob Iger? Let us know by voting in our poll below or leaving us a comment.