Tuesday, January 21, 2020

DISNEY’S IGER JOINS APPLE’S BOARD

November 16, 2011 by · Leave a Comment 

Robert Iger

Cementing the strong bond between the Walt Disney Company and Apple Computer, Apple named Disney chief Robert Iger to its board on Tuesday. At the time of his death, Apple’s Steve Jobs was an outspoken member of Disney’s board — and also the company’s largest stockholder, the result of a bold move by Iger in 2006 to buy Apple’s wholly owned subsidiary, Pixar Entertainment, for $7.4 billion. The computer animation company continues to produce the studio’s most profitable hits, boasting the best record of any motion picture company. (It has never produced a flop.) In a statement, Tim Cook, who succeeded Jobs as Apple CEO, said that he and Iger had “gotten to know one another very well over the past few years, and on behalf of the entire board, we think he is going to make an extraordinary addition to our already very strong board.”