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Tuesday, Dec 5, 2023

With Iger charting the way, Disney sails on smooth seas

Few people would mistake Albuquerque as the happiest place on Earth. But the city — the setting (if not the actual filming location) for the fictional East High from one of Walt Disney Co.’s hottest franchises, “High School Musical” — seemed an appropriate place for President and Chief Executive Robert Iger to tout the year’s accomplishments to shareholders. The reserved yet affable Iger has plenty to celebrate. The annual return to shareholders over the last five years was 15.3% — outperforming the annual average for the Standard & Poor’s 500. And despite worries about a slowing economy, Disney’s operating profit at its media networks, parks and resorts, and consumer product groups grew by double digits in its most recent quarter. For the full story visit http://www.latimes.com/business/la-fi-disney7mar07,1,6085636.story?ctrack=7 & cset;=true

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