One Line
Former Disney CEO Bob Iger faces criticism for his management of the Hollywood strike, as both SAG-AFTRA and the Writers Guild strike due to compensation concerns.
Slides
Slide Presentation (6 slides)
Key Points
- SAG-AFTRA joins the Writers Guild on strike for the first time since 1960
- Bob Iger's employment agreement includes a success metric for his annual incentive bonus
- The AMPTP studio members declined to bargain over the success metric
- Bob Iger discusses Disney's new era of austerity and potential layoffs
- Puck offers unprecedented access to elite journalists in Hollywood, Wall Street, Washington, and Silicon Valley
Summaries
28 word summary
Former Disney CEO Bob Iger is being criticized for his handling of the Hollywood strike, with both SAG-AFTRA and the Writers Guild going on strike over compensation issues.
36 word summary
Bob Iger, the former CEO of Disney, is facing criticism for his handling of the current situation in Hollywood. SAG-AFTRA, the actors' union, has joined the Writers Guild in going on strike over compensation issues. Iger's
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The Nanny Steps All Over Bob Iger - Puck
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The Nanny Steps All Over Bob Iger
An insider look at the deal points, red lines, and potential paths forward as SAG-AFTRA president Fran Drescher and the actors join Hollywoods writers on the picket line and at the negotiating table.
Bob Iger, always a master of his own image, has seemed to misplay the momenteven if hes right about the dire situation that Disney and the other AMPTP companies face.
Photo: Michael Kovac/Getty Images
Matthew Belloni
Jonathan Handel
July 14, 2023
Just for fun, lets take a look at the latest amendment to Disney C.E.O.
Bob Iger
s employment agreement, as included yesterday in an S.E.C.
filing
. Theres a line that seems relevant today, as SAG-AFTRA joined the Writers Guild on strike for the first time since 1960 over claims that include the lack of a success metric in their compensation. Your target annual incentive bonus opportunity, the Iger contract now reads, shall be five hundred percent (500%) of your Base Salary as in effect at the end of such fiscal year.
Yes, its a success metric, a pretty standard element of executive compensation, and one of several baked into Igers deal. Its also the
same
kind of success metric that Iger is now calling not realistic, and that the other AMPTP studio members declined even to bargain over, according to sources at the negotiation table. And its one of the reasons that today epitomizes everything that has come to define this era of chaos, hypocrisy and class warfare in Hollywood.
There was Iger this morning on CNBC, fresh from the two-year contract extension we all knew would happen despite the fact that were told just seven months ago that it would definitely
not
happen, sitting authoritatively amid the picturesque Idaho mountains at
Herb Allen
s billionaire summer camp, talking starkly about Disneys new era of austerity: the painful but necessary layoffs, the dispiriting fact that Marvel and Lucasfilm should be making
fewer
shows, that Pixar movies should cost
less
; how ABC and the linear networks, the cash cows of a bygone era that allowed Iger to pull Disney away from the other studios, may not be core to the company. Dark stuff.
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