Short commentary (YouTube video) celebrating Bob Iger’s return to Disney and its market impact. The speaker highlights that since Iger retired Disney lost $100 billion in market value, the announcement of his return produced a $10 billion rally, and contrasts that with Iger’s $1 million salary to argue entrepreneurs can create outsized value.
$100 billion (paper value)"
$10 billion
$1 million per year
My favorite story in the media right now is Bob Iger returning to Disney. It's such a beautiful example of capitalism at work. Since Bob Iger retired, the company has lost $100 billion in stock value. That's literally the amount of money that Dr. Evil said he wanted. $100 billion. Disney's lost that amount of paper value. When it was announced that Bob Iger was coming back, the stock rallied $10 billion. Just the announcement of him coming back. He hadn't done anything yet, and $10 billion in value showed up. Here's the thing that blows my mind, though. His salary is a million dollars. A man whose name created $10 billion in value only cost a million dollars a year. In a year, you can make the same amount of money as Bob Iger, the man who creates billions of dollars. That's the opportunity that we have as entrepreneurs. It's so exciting.
