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Credit: Bloomberg.com

Disney Chairman Bob Iger Sells Nearly $100 Million Disney Shares

Disney’s Chairman, Bob Iger, is preparing to end his 47-year career with Disney and ABC in December, as previously announced back in Fall 2019. He then announced his career end with Disney formally in February 2020, making it all much more concrete. Now Iger has sold nearly $100 million Disney shares prior to departing The Walt Disney Company.

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Photo Credit: Bloomberg

As reported by Bloomberg: “Walt Disney Co. 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. Iger is slated to retire as chairman at the end of the year, following his passing of the chief executive officer job to Bob Chapek in 2020. Disney’s stock has climbed more than sevenfold since Iger took the CEO role in September 2005. “The value of these shares reflects the significant shareholder value generated under his leadership,” Disney said in a statement.”

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The former CEO was previously quoted saying it is energizing to confront “a complete blank canvas.” We’re curious to see what’s next for Iger as we inch closer and closer to the end of his 47-year career with Disney.

About Mike/ Jamie

We are Disney nerds. Two kids at heart who love the magic and the memories of Walt Disney World! We follow all things Disney and have great experiences with Disney Vacation Club and RunDisney events in particular. We enjoy the vacations, day trips, weekend getaways and geek out over the planning of such events. From lodging to dining to Fastpasses we have a spreadsheet for every occasion. Mike’s frivolous Disney goal is to acquire a magic band of every style while Jamie’s goal is to experience as many Disney desserts as possible. Usually there isn’t a day that passes without some discussion of the master plan of our next trip to the happiest place on earth. Most people think we’re normal – until they travel to Disney with us. We have been married for 16 years and are blessed with a daughter and a son who have already learned the importance of planning ahead! As a family we thoroughly enjoy the magic and the memories at Walt Disney World and are here to help others experience the magic as well.