Bob

After two decades and two stints as Walt Disney Co. boss, Bob Iger finally is hanging up the reins.

Disney this week tapped 54-year-old parks chief Josh D’Amaro to succeed Iger as chief executive. The handoff is set for March 18, at the company’s annual investor meeting, with Iger staying on as a senior advisor and board member until his December retirement.

The changing of the guard atop one of America’s iconic companies marks the end of an era.

History probably will remember Iger as a visionary leader who transformed Disney by reinvigorating its creative engines through a series of blockbuster acquisitions, broadening its international profile and boldly steering into treacherous streaming terrain by launching Disney+ and ESPN+ as audiences drifted from the company’s mainstay TV channels.

Iger, 74, has long been Hollywood’s most respected and inspiring studio chief, known around town simply as “Bob.”

Disney Chairman James Gorman said in an interview that Iger’s nearly 20 years in power is framed by two epochs: “Bob 1” and “Bob 2.”

After becoming CEO in 2005, Iger presided over a period of remarkable growth. Through acquisitions of Pixar Animation, Marvel Entertainment and the “Star Wars” studio, LucasFilm, the company gained blockbuster franchises and popular characters, including Captain Marvel, Baby Yoda and Sheriff Woody from “Toy Story,” to populate movie theaters and theme parks.

“Bob steadied the company and built it out,” Gorman said. “He created an absolute powerhouse.”

Simultaneously, Iger strived to preserve ABC, ESPN and the whimsical charm that spilled from founder Walt Disney’s imagination so many decades ago. Iger has treasured such animated gems as Mickey Mouse, Goofy, Winnie the Pooh, Polynesian princess Moana and more.

“The Iger era has been defined by enormous growth, an unyielding commitment to excellence in creativity and innovation, and exemplary stewardship of this iconic institution,” Gorman said in a statement on behalf of the board, adding: “We extend our deepest gratitude to Bob Iger for his extraordinary leadership and dedication to The Walt Disney Co.”

Former CEO Michael Eisner told The Times that Iger has “succeeded masterfully” at every turn.

“From ABC Sports to ABC Television Network and then at Disney, when we inherited him in the ABC/Capital Cities acquisition, Bob created success upon success,” Eisner said. “It’s why he was picked as the Disney CEO, a role that has been his greatest success … What a record!”

Iger‘s first reign ended when he stepped down as CEO in February 2020, then retired from the company 22 months later.

But that leadership handoff proved disastrous, becoming Iger’s biggest blunder — one he has since worked hard to correct.

Bob Iger passed the CEO torch to Bob Chapek in 2020.

(Business Wire)

Former parks chief Bob Chapek stepped into the big role, but he lacked stature, creative chops and support among key executives. He quickly confronted the magnitude of the COVID-19 pandemic, which shuttered Disney’s revenue machines — theme parks, movie theaters and sporting events that anchor ABC and ESPN.

Wall Street soon soured on multibillion-dollar streaming losses by Disney and traditional entertainment firms that were jumping into streaming to compete with Netflix. The company’s stock fell.

Chapek also stumbled into a political feud with Florida’s Republican Gov. Ron DeSantis, who branded Disney as “woke.” The public tussle tarnished the Burbank company’s clean image and undermined its goal of entertaining the masses, no matter their political stripes.

The board beckoned Iger back in November 2022 to quell a revolt by senior Disney executives and allay concerns among investors.

“When I came back three years ago, I had a tremendous amount that needed fixing,” Iger acknowledged during a Monday earnings call with analysts. “But anyone who runs a company also knows that it can’t just be about fixing. It has to be preparing a company for its future.”

Succession immediately became the board’s top priority with Iger then in his early 70s. But Disney’s executive bench had thinned through a series of high-level departures and the company’s expenditures had gotten out of control.

Iger restructured the company, which led to thousands of layoffs, and gave division executives financial oversight to, in Iger’s words, give them “skin in the game.”

His successor, D’Amaro, last spring recalled bringing a 250-page binder to Iger for review upon the chief’s 2022 return to the Team Disney building in Burbank. The book was stuffed with detailed updates for each component of D’Amaro’s enormous parks and experiences division.

The following day, Iger showed up at D’Amaro’s office, binder in hand.

“He pulled out one page,” D’Amaro recounted during an investor conference last year, adding that Iger said: “we have plenty of room to grow this business. We’ve got land in all of our locations around the world,” D’Amaro said. “We’ve got the stories [and] we’ve got the fans.”

That laid the seeds for Disney’s current $60-billion, 10-year investment program to expand theme parks and resorts, cruise lines and open a new venture in Abu Dhabi, United Arab Emirates. D’Amaro was put in charge of the effort, which is designed to cement Disney’s leading position in leisure entertainment. That mandate has become increasingly important to Disney amid the contraction of linear television and cable programming revenue.

Iger’s second stint as CEO wasn’t nearly as fun as the first.

He was dragged into a bitter proxy fight with two billionaire investors, who challenged his strategy, succession plans and Disney’s 2019 purchase of much of Rupert Murdoch’s 21st Century Fox. The move was controversial, with critics lamenting the $71-billion purchase price. Disney reduced its outlay by selling regional sports networks and other assets, but the deal left the company with significant debt just before COVID-19 hit.

The Fox deal gave Disney rights to hundreds of properties, including “Avatar,” “Deadpool” and “The Simpsons.”

Iger vanquished the proxy challenge, and this week, he again defended the Fox purchase, which gave Disney control of streaming service Hulu, National Geographic channels and FX.

“The deal we did for Fox, in many ways, was ahead of its time,” Iger said on the earnings call, noting the lofty bidding war currently underway for Warner Bros. Discovery.

“We knew that we would need more volume in terms of [intellectual property], and we did that deal,” Iger said, pointing to Disney’s deployment of its franchises beyond the big screen into its money-making theme parks. “When you look at the footprint of the business today, it’s never been more broad or more diverse.”

TD Cowen media analyst Doug Creutz still thinks the Fox deal was a dud, saying in a report: “There were plenty of value-destroying media deals before DIS-FOX, so we disagree with their assertion” despite the multiples being offered for Warner.

From left; James Gorman, chairman of the Walt Disney Co. board of directors; Disney Experiences Chairman Josh D’Amaro; Dana Walden, co-chair of Disney Entertainment; and Bob Iger, chief executive of the Walt Disney Co.

(Walt Disney Co.)

Iger is credited with astutely managing Disney’s image and corporate culture.

He was instrumental in resolving Hollywood’s bitter year of labor strife by negotiating truces with the Writers Guild of America and performers’ union, SAG-AFTRA, in 2023.

He has also sought to distance the company from divisive politics, albeit with limited success.

Disney agreed to pay President Trump $16 million to settle a dispute over inaccurate statements that ABC anchor George Stephanopoulos made a month after Trump was reelected. But free speech advocates howled, accusing Disney of bending to Trump.

In September, Iger led the company out of political quicksand amid an uprising of conservatives, including the chairman of the Federal Communications Commission, a Trump appointee, who were riled by comments by ABC late-night comedian Jimmy Kimmel in the wake of activist Charlie Kirk’s killing.

Iger maintains Disney made the decision to return Kimmel to his late-night perch independent of the political pressure from both sides.

Enormous challenges remain for D’Amaro, the incoming CEO.

He and his team, including Chief Creative Officer Dana Walden, must ensure Disney’s movies and TV shows deliver on the company’s commitment to quality, and that its streaming services — Disney+, Hulu and ESPN — rise above the competition.

In recent years, Disney’svaunted animation studios, including Pixar, have struggled to consistently release hits, though it has found success with sequels. Disney Animation’s “Zootopia 2” is now the highest-grossing U.S. animated film of all time, with worldwide box office revenue of more than $1.7 billion, and the 2024 Pixar film “Inside Out 2” hauled in nearly $1.7 billion globally.

The company also must maintain its pricey sports contracts, including with the NFL, to drive ESPN’s success. This week, Disney and the NFL finalized their deal for the league to take a 10% stake in ESPN.

And, as broadcast TV audiences continue to gray, Disney must evaluate the importance of the ABC network, where Iger got his start more than 50 years ago working behind-the-scenes for $150 a week.

Investors also are looking for D’Amaro to lift Disney’s wobbly stock, which has fallen 9% so far this year.

“The stock price doesn’t fairly reflect what [Iger] has done, but … it will,” Gorman said. “And he should get credit for it.”

In a statement Tuesday, D’Amaro expressed gratitude to Disney’s board “for entrusting me with leading a company that means so much to me and millions around the world.”

“I also want to express my gratitude to Bob Iger for his generous mentorship, his friendship, and the profound impact of his leadership,” D’Amaro said.

Times staff writer Samantha Masunaga contributed to this report.

As far as first impressions go, new UCLA football coach Bob Chesney has been hitting the ball out of the park, according to high school coaches who have been receiving visits since Chesney started focusing on introducing himself to local coaches when the college transfer portal closed on Jan. 16.

“He’s a high-energy guy who has a clear vision,” St. John Bosco coach Jason Negro said. “He’s going to bring some excitement back. I was highly impressed. If he’s going to execute what his plan is, he’s going to have immediate success.”

There are so many Chesney sightings at high schools around Southern California, you have to wonder if he’s also scouting for a new house, but that’s probably left to his wife. On his visit to St. John Bosco, his driver was former St. John Bosco assistant Marshawn Friloux, a holdover in the Bruins’ recruiting department from the previous staff.

Bellflower coach Keith Miller, whose son, Austin, is one of the top tight ends from the class of 2029, got a school visit from Chesney, who also met Miller’s wife. Austin was offered a scholarship on Saturday after an unofficial visit to Westwood.

Miller said Chesney was eloquent and transparent, telling his son, “I didn’t just watch your film, I studied it and what stood out to me are the multiple efforts you make, especially your ‘scoop and score’ vs. Oxnard. Multiple effort playmakers are special. All great players have that trait. That’s what I love about you.”

UCLA has also been making early scholarship offers far more than the days when Chip Kelly refused to join that trend. Things started to change under former coach DeShaun Foster and Chesney’s new recruiting philosophy appears to be to get UCLA involved among multiple prospects in all grades and be competitive in Southern California, where coaches from USC, Oregon, California, Notre Dame, Nebraska, Oregon State and Washington were among those making the rounds last week while making scholarship offers.

As an example of the challenge Chesney faces, USC coach Lincoln Riley brought in the No. 1 recruiting class this year and was visiting the No. 1 player for the class of 2027 in California, defensive back/running back Honor Fa’alave-Johnson from San Diego Cathedral Catholic.

“I think he’s got a vision and a belief to develop kids and not create this transactional culture in college football,” Orange Lutheran coach Rod Sherman said of Chesney. “I think you’d be a fool to sleep on UCLA the next few years. He’s super personal. What I sense from him is they have well thought out recruiting strategy and they’re not throwing spaghetti against the wall. He knows which kids can be successful in his culture and system and thrive and love UCLA.”

But NIL resources remain critical in this new era, and some players and parents will continue to place that priority over others. That will require Chesney to find those “diamonds in the rough” from his James Madison coaching days.

Negro said, “He’s going to fit to what is needed for the program. He’s not normally going to focus just on the stars. He’s done that at a lower level. He’s going to find some foundational players. It’s going to be hard at first. If people have expectations they’re going to pull an Indiana, that’s premature. But UCLA is closer than people think. This guy is very dynamic, hard-driven and understands L.A.”

Said Servite coach Chris Reinert: “He’s doing things the right way. He seems to be hitting the ground running. He spent an hour here.”

Chesney promised in his opening news conference in December that he wanted to build relationships with high school coaches, and Negro confirmed Chesney is inviting coaches to visit UCLA. That’s not unusual. Reinert said USC’s Riley did the same.

Chesney dropped by City Section school Hamilton, which has a top Class of 2029 quarterback in Thaddeus Breaux. Then Breaux was offered a scholarship. Hamilton coach Elijah Asante said, “Coach Chesney is a grinder and he’s going to find those hidden gems.”

Expect more Chesney sightings this week until the recruiting period closes at the end of this week.

REGGAE legend Sly Dunbar, who performed with the likes of Bob Marley, Madonna and the Rolling Stones, has died aged 73.

The iconic Jamaican drummer, who also co-founded production duo Sly and Robbie, was found dead on Monday according to his wife.

The star played on tracks such as Bob Marley’s Punky Reggae Party and Dave and Ansell Collins’ classic hit Double Barrel.

But he was better known for his work as one half of iconic production team Sly & Robbie.

The duo produced popular tracks for industry giants including Bob Dylan, Grace Jones and Ian Dury, and reggae stars like Peter Tosh and Black Uhuru.

His wife Thelma told local media she found him unresponsive on Monday, before his death was also confirmed by his team.

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Sly, whose real name was Lowell Fillmore Dunbar, was born in Kingston, Jamaica.

He started out playing on tin cans – getting inspiration from Lloyd Knibbs and the Skatalites on television.

The star previously said in a 1997 interview: “I saw [Knibbs] playing and I thought, ‘I want to be a drummer’ because he’s the hardest worker in the band.

“He’s my idol! In some ways, I’m self-taught but I got a lot of help from other drummers by watching them play.”

When he was a teenager, he founded the rhythm section of the band the Revolutionaries alongside bassist Robbie Shakespeare, who died in 2021.

They became one of the most renowned backing bands in Jamaican reggae in the 1970s.

Sly became known for his shuffling “rockers” drum pattern, which put more emphasis on syncopation and energy.

Throughout the decade they also worked with major reggae acts like Gregory Isaacs, Dennis Brown and Barrington Levy.

The rhythm section also toured in the US with Peter Tosh.

In the hopes of saving enough cash to found their own production team, the pair lived on bread and water during this period, according to legend.

They founded Taxi Records in 1980, before helping a whole new generation of Jamaican artists such as Shaggy, Shabba Ranks, Skip Marley, Beenie Man and Red Dragon refine their art.

The pair also provided beats on Grace Jones’s hit 1981 album Nightclubbing.

This paved the way for them to work with some of rock and pop’s biggest stars – from Bob Dylan and Joe Cocker, to singers like Marianne Faithfull, Madonna and Sinead O’Connor.

Sly’s heartbroken wife told local media: “I went to wake him up and he wasn’t responding, I called the doctor and that was the news.

His exact cause of death is unknown, but he is understood to have been ill for an extended period of time.

“Yesterday was such a good day for him,” Thelma told Jamaica’s Gleaner newspaper.

“He had friends come over to visit him and we all had such a good time. He ate well yesterday… sometimes he’s not into food.”

She added: “I knew he was sick… but I didn’t know that he was this sick.”

Tributes poured in for the late musician, with British DJ David Rodigan, calling him a “true icon” and “one of the greatest drummers of all time”.