This is it. It’s the last extension I’m signing. Trust me.
Disney Chief Executive Bob Iger told investors on Tuesday he’s willing to extend his contract yet again — if that is what the board wants.
“If it’s in the best interest of the company to extend my term, I am open to that,” Iger said on an earnings call.
Iger, who turns 66 on Friday, has been with Disney for 43 years.
But if Iger sticks around even longer than June 2018, he may be courting trouble if Disney profits don’t improve.
The company, which released animation hit “Finding Dory” last year, cited ratings issues at both ESPN and A&E Networks for the decline in profits for its fiscal first quarter ended on Dec. 31.
Disney shares fell 45 cents after hours, to $108.55.
Adjusted earnings per share were $1.55, beating Street forecasts of $1.50. Revenue fell 3 percent, to $14.8 billion.
Lower ad revenue at A&E and the transformation of H2 to Viceland in November 2015, drove the top-line decline.
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