HomeDisney NewsBob Iger Dumps Almost $100 Million in Disney Stock Before Exit

Bob Iger Dumps Almost $100 Million in Disney Stock Before Exit

Published on

spot_img


Former Disney CEO Bob Iger is selling nearly $100 million in Disney stock on his way out the door, according to a Bloomberg report.

Chairman Bob Iger sold $98.7 million worth of shares in the company, part of what the entertainment giant described as an effort to diversify his portfolio.

Iger, 70, disposed of 550,570 shares at an average price of $179.21 on June 1, according to a regulatory filing Thursday. The move cut the shares he owns directly by 50% to 555,865.

“The value of these shares reflects the significant shareholder value generated under his leadership,” Disney told Bloomberg in a statement.

This is true. Disney stock soared during Iger’s reign at The Mouse House, not stumbling until the pandemic saw Disney take a hit to most of their business segments in 2020.

Iger stepped into the CEO role at Disney in September of 2005, and the average share price was a little over $23. Fast forward to pre-pandemic Disney of January 2020, and shares were approximately $144.

Despite an initial dip when Disney’s parks began to close and Bob Chapek was suddenly announced as Iger’s successor, Disney stock rallied and hit an all-time high in the Spring of 2021 due to the success of Disney Plus.

Currently serving as the Chairman of The Walt Disney Company, Bob Iger is slated to leave entirely on December 31, 2021.

[Source: Bloomberg, Hat tip: John S.]


Pirates & Princesses (PNP) is an independent, opinionated fan-powered news blog that covers Disney and Universal Theme Parks, Themed Entertainment and related Pop Culture from a consumer's point of view. Opinions expressed by our contributors do not necessarily reflect the views of PNP, its editors, affiliates, sponsors or advertisers. PNP is an unofficial news source and has no connection to The Walt Disney Company, NBCUniversal or any other company that we may cover.



Latest articles

Universal Orlando Releases Details on Epic Universe – How to Train Your Dragon – Isle of Berk

Back in January, Universal Orlando dropped a bombshell announcement offering a few tasty tidbits...

Drinks and Souvenir Glasses From Defunct Galactic Starcruiser Are Coming to Disneyland

Disney is trying to promote "Star Wars" as hard as they can, and now...

A PlayStation Classic ‘Star Wars’ Game is Returning Soon?

The influx of classic Star Wars games returning to consoles and PCs is something...

Marvel Announces New Online Hero Shooter Game “Marvel Rivals”

The world of hero shooters is about to get a new challenger. Chinese-based game...

More like this

Universal Orlando Releases Details on Epic Universe – How to Train Your Dragon – Isle of Berk

Back in January, Universal Orlando dropped a bombshell announcement offering a few tasty tidbits...

Drinks and Souvenir Glasses From Defunct Galactic Starcruiser Are Coming to Disneyland

Disney is trying to promote "Star Wars" as hard as they can, and now...

A PlayStation Classic ‘Star Wars’ Game is Returning Soon?

The influx of classic Star Wars games returning to consoles and PCs is something...