Part 6/9:
This perception of rewarding poor performance has left shareholders questioning Iger's management strategy. Shareholders expressed their discontent with his executive compensation through votes; in preceding years, only 80% of shareholders approved Disney's compensation package—a stark contrast to the 93% median approval rating among S&P 500 companies. The declining approval ratings serve as a warning sign for Iger and the Board, indicating that shareholders are becoming increasingly frustrated with the company's direction.