Disney’s Bob Iger says success makes him ‘overconfident’

recently came back Disney CEO Bob Iger has revealed one of the changes he plans to make to his leadership style during his second stint at the company: giving his colleagues a greater say.

IN an interview with the show CNBC Dancing on the street on Thursday, Iger admitted that in his first run as Disney CEO, the company’s successes made him a bit short-sighted.

He said: “Over time, I felt that because of all the experience I had and the fact that it was a relatively successful run, that I was overconfident in my instincts and giving. own decision. “I think it makes me reject other people’s opinions a little bit more.”

Iger returned to the helm of the entertainment giant in November—just 11 months after leaving the company—agree to a two-year contract as the Managing Director.

During his 15-year tenure as CEO, Disney made some of the biggest bets in the company’s historyacquire Pixar, Marvel, 21stCentury Fox and Lucasfilm. Under his leadership, Disney’s market capitalization increase five times.

Upon returning to the House of Mouse, Iger replaced his successor Bob Chapek — who had overseen Disney through one of its most difficult times thanks to COVID and soaring inflation, but also faced with political challenges and cultural issues and take responsibility when the company recognizes Disappointing financial results and stock price slump.

In Thursday’s interview, Iger told CNBC’s David Faber that he’ll be returning to the role with “a lot of self-awareness.”

Less than 24 hours after being reinstated as Disney CEO, Iger tell the company’s media and entertainment staff that he will give “more decision-making power to our creative teams.”

“I have a great team in place,” he said Thursday. “I extended some of their responsibilities yesterday. Honestly, I’m an optimist—I feel great about where the company is today, and I’m confident we’ll be able to get through it.”

Earlier this weekDisney announced it will conduct a drastic restructuring involving the layoffs of 7,000 employees.

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