March 10, 2010
Iger Talks ABC & Dumbo at Disney’s Annual Shareholder Meeting
At Disney’s annual shareholder meeting Wednesday, CEO Bob Iger faced off with disappointed “cast members” over health benefits, didn’t dismiss the idea of selling ABC, announced a new ride and rebuked one of the company’s classic animated films. As for ABC, Iger was responding to a questioner who suggested that the network, or at least ABC News, might be more valuable to someone else than it is to Disney. But the early part of the Q&A portion of the meeting was dominated by Disneyland Resort hotel workers from California, who are among some of the 2,100 union employees upset about declining health benefits. Explaining why Fastpass isn’t available on rides for young children, Iger let it slip that Disney is building another Dumbo ride at Florida’s Fantasyland, alongside the existing one. He also announced a new $700 annual pass for unlimited access to Walt Disney World Resort in Florida and Disneyland Resort in Anaheim. Shareholders voted down a “say on pay” initiative, though a supporter asked that execs make sure the outcome coincided with SEC guidelines stipulating how votes should be counted. Disney also elected a 13th director, Sheryl Sandberg, the COO of Facebook.
http://www.hollywoodreporter.com/hr/content_display/news/e3i755f10fb8f89b626b2e61e1efdc71b28
Posted in: ABC, ABC News, Bob Iger, Cast Memebers, Disney, Disneyland Resort in Anaheim, Disneyland Resport Hotel, Dumbo, Dumbo Ride, Facebook, Fantasyland, Fastpass, Health Benefits, SEC, Sheryl Sandberg, Walt Disney World Resort