Disney Investors Regret That CEO Iger Wasn't Kicked Out

Group 1 - Nelson Peltz's proxy war with Walt Disney Co. aimed to secure board seats to influence management decisions, but he ultimately lost the battle, allowing CEO Bob Iger to remain in his position [1][3] - Bob Iger is credited with transforming Disney into a major entertainment powerhouse through strategic acquisitions, including Pixar, Marvel, Lucasfilm, and 21st Century Fox, which significantly boosted Disney's market share and profitability [3] - The launch of Disney+ in November 2019 is viewed as a major misstep, leading to substantial financial losses, with initial subscription pricing set too low compared to competitors like Amazon Prime Video and Netflix [3] Group 2 - Despite reaching over 150 million subscriptions, Disney+ struggled to achieve profitability, requiring years of price adjustments to reach a break-even point, which was nearly achieved in the latest quarter [3] - Disney's stock experienced a significant decline, dropping almost 10% to $105 per share, attributed to inflationary pressures affecting its theme parks and overall costs [3] - Peltz's potential influence on cost-cutting could have mitigated the financial impact of challenges faced by Disney's theme parks, as Iger's cost-cutting measures have been perceived as insufficient [6]