Bloomberg has reported that Bob Iger has sold $98.7 million worth of shares in The Walt Disney Company.
(Disney)
What’s Happening:
- Bob Iger, Executive Chairman of The Walt Disney Company and Chairman of the Board of Directors, has reportedly sold 550,570 shares of the company on June 1, cutting the shares he directly owns to 555,865.
- Disney stated to Bloomberg, “The value of these shares reflects the significant shareholder value generated under his leadership.”
- During his 15 years as CEO, Iger grew Disney into one of the world’s largest and most iconic media and entertainment companies. Under his leadership, Disney acquired Pixar, Marvel, Lucasfilm, and 21st Century Fox, and released a number of record-setting films including favorites such as Marvel’s Avengers: Endgame, Disney’s Frozen and Frozen 2, and Marvel’s Black Panther.
- Recently, Iger set out to personally lead fundraising efforts to build a new facility for Howard University’s College of Fine Arts, named for alumnus Chadwick Boseman.