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“I’ve seen a lot of black and white during my childhood. It’s ironic my label is known for its vibrant colours,” Aisha Rao says with a laugh. The Hyderabad-based designer recalls her parents, both lawyers, heading to court in their black robes. “My mother was textile-aware
Bob Iger Just Learned a Hard Lesson
Bob Iger Just Learned a Hard Lesson
(Bloomberg Opinion) -- Other than Jimmy Kimmel himself, the only person who had as much to gain or lose on Tuesday night from the comedian's return to late-night television was Bob Iger, the chief executive officer of Walt Disney Co.
It had ultimately been Iger's call to sideline Kimmel — a decision that would have seemed unthinkable three years ago when he returned to Disney for a second run at the top job.
Since then, Iger had morphed from outspoken CEO to capitulating yes-man. It's a transformation that encapsulates the narrative arc of most of corporate America during that period. Rather than act as a counterweight to the White House as they did during President Donald Trump's first administration, CEOs have lined up to kiss the ring and complain quietly in private.
But now Iger's ultimate decision to reinstate Kimmel in the face of enormous political pressure is a sign that the narrative is shifting again — that companies realize they need to find their red lines and push back against the administration. This shouldn't be confused for Disney or Iger suddenly rediscovering their moral high ground; instead, it's a realization that submitting may come with a higher price than pushing back.
During his first run as CEO, Iger made taking a stand part of his personal brand. He was part of a group of business leaders that criticized Trump's travel ban targeting Muslim majority countries. He called for action from politicians after a Las Vegas mass shooting. He left the president's advisory council as “a matter of principle” after the Trump administration pulled out of the Paris climate accords.
Iger kept speaking out even after stepping down as CEO, planting the seeds for his return as the kind of leader the moment demanded. When his handpicked successor, Bob Chapek, first stayed silent on Florida's so-called Don't Say Gay bill, Iger tweeted his opposition to it and told CNN, “I just think you have to do what is right and not worry about the potential backlash to it.”
And after returning to the job, he fought back against Florida Governor Ron DeSantis, who made Disney one of the first corporate targets of what he called the anti-woke era. Iger called DeSantis' efforts to penalize the company “not just anti-business, but anti-Florida.” The company sued, positioning the lawsuit as a matter of free speech.
Since Trump has taken office for the second time, Iger seemed to have forgotten how to deal with a bully. Rather than standing his ground, he gave away the company's milk money before Trump even demanded it. He cut back Disney's DEI efforts and shifted its content, axing a transgender storyline from a show and scaling back the rollout of what some critics said was a controversial Snow White remake. And most fatally, Disney said in December that it would donate $15 million to Trump's presidential foundation or museum to settle a defamation suit against its ABC network. And yet despite all the concessions, the Federal Communications Commission still sent a letter to Disney saying it was investigating the company and ABC for “promoting invidious forms of DEI.”
So when the Kimmel backlash began, Iger already should have known appeasement doesn't work — that the goalposts would only keep shifting. What was different this time around was the public outcry over Disney's capitulation: Demonstrators gathered outside Disney's headquarters; consumers canceled their Disney accounts; 400 celebrities including Tom Hanks and Meryl Streep signed an open letter from the ACLU protesting the decision; Barack Obama posted his concerns on X; former Disney CEO Michael Eisner posted on his account, asking “Where has all the leadership gone?” The backlash has shifted Iger's calculus: Protecting the company now requires pushing back rather than staying quiet.
Despite Kimmel's return, the nightmare is far from over for Disney. President Trump has threatened to sue ABC again, citing his previous victory against the network. Nexstar Media Group Inc. and Sinclair Inc., large owners of ABC TV stations, are continuing to boycott the show.
Iger, whose contract expires at the end of 2026, returned to Disney to save the company and salvage his legacy. How he navigates the company through a mess that's partly of his own making will go a long way in determining what that will be.
More From Bloomberg Opinion:
This column reflects the personal views of the author and does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Beth Kowitt is a Bloomberg Opinion columnist covering corporate America. She was previously a senior writer and editor at Fortune Magazine.
More stories like this are available on bloomberg.com/opinion
©2025 Bloomberg L.P.
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