DIS - Disney Board Has Been 'Too Deferential' Towards CEO Bob Iger Says Expert: Highlights 21st Century Fox Purchase 'Which Was Really Not A Good Acquisition' | Benzinga
Media industry veteran Tom Rogers recently expressed his views on the ongoing situation at The Walt Disney Company (NYSE:DIS). Rogers commented on the perceived effectiveness of Disney CEO Bob Iger and the board’s approach to his leadership, particularly in the context of Disney’s acquisition of 21st Century Fox assets.
What Happened: Rogers’ remarks came as the debate over Disney’s board decisions intensified with the proxy war involving Iger and activist investor Nelson Peltz.
Rogers highlighted that Peltz has started gaining support for being nominated as a Disney board member.
“Clearly there is some sentiment that another voice on the board that isn’t necessarily in line with all of management’s thinking is something that Disney could use,” he said.
While Iger also has substantial support in the ongoing proxy war, Rogers added that it doesn’t discard the fact that Iger as a CEO has made wrong acquisitions.
“Thinking Bob Iger has done a good job is not necessarily inconsistent with the fact that you might think that the board has been too deferential toward him. Case in point, the FOX acquisition which was really not a good acquisition,” he said.
Rogers added that the board awarding him for the acquisition might indicate the board’s closeness to ...