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Bob Iger
American businessman and former CEO of The Walt Disney Company

Robert Alan Iger is a prominent American media executive and current CEO of the Walt Disney Company. He initially led Disney from 2005 to 2020, overseeing major acquisitions including Pixar, Marvel Entertainment, Lucasfilm, and 21st Century Fox. Iger also expanded Disney's international presence with resorts like Hong Kong Disneyland and Shanghai Disney Resort, while revitalizing Walt Disney Animation Studios and boosting the company's direct-to-consumer businesses such as Disney+. After a brief retirement, Iger returned as CEO in 2022 and continues to lead Disney's growth and innovation.

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Early life and education

Robert Alan Iger was born to a Jewish family in New York City.5678 He is the oldest son of Miriam "Mimi" (née Tunick) (1927–2013) and Arthur L. Iger (1926–2010).910 His father was a World War II Navy veteran11 who was the executive vice president and general manager of the Greenvale Marketing Corporation, and was also a professor of advertising and public relations.121314 His mother worked at Boardman Junior High School in Oceanside, New York.1516 Arthur's father Joe (i.e. Bob's paternal grandfather) was cartoonist Jerry Iger's brother.17

He was raised in Oceanside, where he attended the Fulton Avenue School and graduated from Oceanside High School in 1969.1819 In 1973, he graduated magna cum laude from the School of Communications at Ithaca College with a Bachelor of Science degree in Television and Radio.20

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.2122

American Broadcasting Company (ABC)

In 1974, Iger joined the American Broadcasting Company (ABC).2324 His first job was performing menial labor on television sets for $150 a week (over $700, adjusted for inflation).25

In 1988, Iger was the senior program executive for the Calgary Winter Olympics. The event was marred by disruptive weather and delayed events, and to fill the broadcast schedule Iger's team focused on human interest stories such as those of the Jamaican bobsled team and Eddie the Eagle. The event achieved record-high ratings for ABC, and Iger's performance under pressure caught the attention of ABC executives Daniel Burke and Thomas Murphy, who subsequently championed Iger throughout his ascent at ABC.26

In 1989, he was named head of ABC Entertainment, green lighting shows such as Twin Peaks, America's Funniest Home Videos27 and Cop Rock.2829 He was 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 1993.30 In 1994, Iger was named president and chief operating officer of ABC's corporate parent, Capital Cities/ABC.31

The Walt Disney Company

In 1995,32 the Walt Disney Company purchased Capital Cities/ABC and renamed it ABC, Inc., where Iger remained chairman until 1999.3334

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.35

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.36

In 2003, board members Roy E. Disney and Stanley Gold began a campaign called "save Disney" against Eisner.3738 As a result, 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, 2005.39 In July 2005, Disney and Gold dropped the campaign and agreed to work with Iger.40

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.41 It was around this time Iger started to become known as "Bob" rather than "Robert".

On January 24, 2006, under Iger's leadership, Disney announced it would acquire Pixar for $7.4 billion in an all-stock transaction.42 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.43

In August 2009, Iger negotiated for Disney to acquire Marvel Entertainment and its associated assets for $4 billion. By 2014, Disney had grossed more than that amount at the box office through the Marvel movies.44 On October 7, 2011, Disney announced that Iger would become chairman of the board, following John Pepper's retirement from the board in March 2012.45

In October 2012, Iger signed a deal with filmmaker George Lucas to purchase Lucasfilm for $4 billion. As a result, Disney acquired the rights to the Star Wars multimedia franchise and Indiana Jones.46 In March 2016, Iger announced the opening of the $5.5 billion Shanghai Disney Resort later that year.47

Iger's contract as Disney's chairman and CEO was originally planned to run until June 30, 2018.4849 In March 2017, Disney extended Iger's term to July 2, 2019, and said he would be a consultant for the following three years.5051 In December 2017, Disney extended Iger's contract through 2021.52

In July 2018 Disney and 21st Century Fox shareholders approved a deal to allow Disney to purchase Fox assets.53 The deal was finalized in March 2019.54

In April 2019, it was announced that Iger would depart from his position as CEO and chairman of Disney when his contract expired in 2021.5556 Iger resigned from Apple's board of directors on September 10, 2019, in order to avoid a conflict of interest as Disney and Apple prepared to launch competing streaming services Disney+ and Apple TV+.5758

In September 2019, Iger released his memoir The Ride of a Lifetime.5960

In 2020, Iger announced his intention to retire. On February 25 that year, the board of directors named Bob Chapek – then-chairman of Disney Parks, Experiences and Products – the new chief executive, while appointing Iger executive chairman (an ad hoc post) to oversee the transition.6162 In April however, the board unexpectedly extended Iger's mandate until the end of 2021, due to the COVID-19 pandemic.6364 On December 31, 2021, Iger stepped down and was succeeded by Susan Arnold as chair of the board.65 However, on November 20, 2022, Chapek was ousted by the Disney board with Iger reinstated as CEO.66 At the time of his rejoining Disney, Iger initially agreed to hold the post for two years while looking for a successor.6768 However, on July 12, 2023, Iger and Disney extended the contract until the end of 2026.6970

Company boards and other activities

On November 15, 2011, Apple Inc., led by CEO Tim Cook, named Iger to its board of directors. Iger was reportedly responsible for making Steve Jobs Disney's largest shareholder after its all-stock acquisition of Jobs' Pixar.71 In September 2019, Iger resigned from his position on the board after Apple announced the pricing and release date of Apple TV+, a subscription streaming service which would compete with Disney+ upon its launch in November 2021.72

In October 2020, he became a director of the dairy-replacement startup Perfect Day.7374

Iger joined the board of Genies, Inc. in March 2022.75

In July 2024, Iger and his wife, Willow Bay, agreed to take a majority stake in Angel City FC, a Los Angeles-based National Women's Soccer League team, with a $100 million investment. To avoid any conflicts of interest, Iger agreed to recuse himself from all Disney and ESPN business matters related to the women's soccer league.76

Personal life

Iger has been married twice. His first marriage to Kathleen Susan Iger ended in divorce.77 They have two daughters. In 1995, Iger married journalist Willow Bay in an interfaith Jewish and Roman Catholic service in Bridgehampton, New York.78

According to Forbes, Iger's estimated net worth is over $700 million in 2024.79

Politics

Iger has described himself as a political centrist. He previously identified with the Democratic Party.80 In 2016, Iger switched his party registration from Democratic to independent.81

In May 2016, during a dispute over Disney Resort's low wages, Iger wrote in a Facebook post claiming that Disney had hired 11,000 new employees in the past decade at Disneyland, and 18,000 in the past 5 years in the US. Iger specifically targeted Vermont Senator, Bernie Sanders, who had been outspoken on the issue.82 Disney settled with the Department of Labor and agreed to pay back wages the following year.83

Iger co-chaired a fundraiser for Hillary Clinton's presidential campaign on August 22, 2016.84 He was named to President-elect Trump's Strategic and Policy Forum on December 2, 2016.85 He resigned from the Forum on June 1, 2017, out of protest after President Trump withdrew the United States from the Paris Climate Agreement.86

Iger had considered running for president before and after the 2016 election as a Democrat, but ultimately decided against it.87

Accolades and recognition

In December 2019, Iger was named by Time as their Businessperson of the Year.88 In 2020, he was inducted into the Television Hall of Fame.89

In September 2022, Iger was appointed an Honorary Knight Commander of the Order of the British Empire (KBE) by Queen Elizabeth II "for services to the UK/US relations".9091

Controversies

In November 2017, Variety reported that Iger knew about a 2010 Oscar party where Pixar chief John Lasseter was seen "making out with a junior staffer", seeming to confirm anonymous allegations that Lasseter's inappropriate interactions with young women had been known to company leadership since the 1990s. One anonymous source was quoted as saying, "I know personally that Bob was aware. ... Everybody was aware. They just didn't do anything about it."92

In August 2019, Vanity Fair reported that actress Paz de la Huerta added Iger to her lawsuit against Harvey Weinstein over allegations of rape, claiming that he and previous CEO Michael Eisner "made a series of decisions that allowed a range of actions by Harvey Weinstein that unacceptably harmed certain employees".93 Disney denied any knowledge of misconduct or settlements with victims during Weinstein's run at Miramax from 1993 to 2005.94

During a July 2023 interview on CNBC, Iger criticized the WGA and SAG-AFTRA strikes as "not realistic". He added that the unions "are adding to the set of the challenges that this business is already facing that is, quite frankly, very disruptive."95 Iger's comments were widely criticized both inside and outside of Hollywood for being elitist and out of touch, with The Huffington Post writer Marina Fang noting Iger's $27 million annual salary that he received when rejoining Disney.96

Works

Wikimedia Commons has media related to Bob Iger.

References

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  47. Miller, David (March 8, 2016). "Disney's Bob Iger discusses Shanghai resort, 'Star Wars' and ESPN at media conference". Los Angeles Times. Retrieved May 21, 2016. http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-star-wars-shanghai-disney-20160308-story.html ↩

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