Walt Disney: Iger Fights Back


  • Under the leadership of CEO Bob Iger, investors were looking forward to his first earnings call since his monumental return as CEO in late 2022.
  • Iger is battling activist investor Nelson Peltz in a high-stakes proxy fight.
  • Management’s bold move to propose a return of a “modest dividend” by the end of 2023, pending board approval, aims to appease investors.
  • Disney takes significant measures with a bold $5.5B cost-cutting drive, including slashing 7,000 jobs, in its quest to reach its profitability goals.
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Jerod Harris

The Walt Disney Company (NYSE:DIS) released its FQ1’23 earnings yesterday (February 8), as CEO Bob Iger helmed his first earnings call since returning after the ouster of ex-CEO Bob Chapek.

Iger’s attempt to placate investors amid the company’s struggle with

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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