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Disney stated in May of that year that it was a "moral issue" while testifying in front of the U.S. In 2019, Iger caught heat from Abigail Disney, heiress to the company, for the largely different pay gap in Iger's salary and that of Disneyland employees. In December 2017, Disney extended Iger’s contract as chairman and CEO through December 2021. Consequently, Iger has turned Disney into a media powerhouse. The Walt Disney Co.’s CEO since 2005, Iger pitched buying Pixar Animation Studios to the board on his second day of work.ĭisney acquired Pixar for $7.4 billion in 2006, followed by its $4 billion purchase of Marvel Entertainment in 2009 and its procurement of Lucasfilm for $4 billion in 2012. Michael Eisner left big shoes to fill, but Bob Iger proved he was up for the challenge. Scott Olson / Getty Images Bob Iger: Disney However, Tesla also announced record Q2 2021 deliveries ahead of its Q2 earnings release, so only time will tell whether Musk ends up saving Tesla - or sinking it.Įxplore: How Many Minutes Does It Take a CEO to Earn Your Annual Salary? That the profit stemmed primarily from the sale of regulatory credits and Bitcoin made some analysts squeamish, as did the company's $1.5 billion investment in Bitcoin and its brief experiment with accepting Bitcoin payments. However, Tesla saw its first profitable year in 2020. Things looked bleak for the automaker as it reported a $408 million loss in the second quarter of 2019 and experienced the first half in the red.
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Tesla has already lost support from some of its most staunch advocates - including Instinet, formerly a big bull on Tesla - and shares fell 2.1% on Sept. However, investors and analysts remain cautious about the brand's recovery from Musk's controversial behavior earlier in 2018.
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In the second quarter of 2018, Tesla achieved a milestone in producing 5,000 Model 3 vehicles per week and increased its revenue to $4 billion from $2.79 billion in 2017, which surpassed analysts’ estimates. Since Tesla was founded in 2003, CEO Elon Musk has helped the company score some major wins. BEN MACMAHON/EPA/REX/Shutterstock Elon Musk: Tesla