1 month ago
In his first awesome move since passing nan Disney CEO baton to Josh D’Amaro, Bob Iger has rejoined Thrive Capital arsenic an advisor.
Josh Kushner, nan firm’s founder, confirmed nan move successful a station connected X. “Bob leads pinch boldness and condemnation because he knows what he is building and why,” he wrote. “He is rejoining Thrive astatine a clip erstwhile that benignant of activity matters most.”
In 2022, during his interregnum betwixt stints arsenic Disney’s main exec, Iger joined Thrive arsenic a task partner. In early 2023, aft rejoining Disney, he participated successful an finance successful a mini liking successful nan venture capital patient that was a individual 1 and unrelated to his duties arsenic main executive.
Thrive was founded by Kushner, younger relative of Jared Kushner, President Donald Trump’s son-in-law and a erstwhile White House advisor.
Iger is remaining connected nan committee of Disney until nan extremity of nan year. Last month’s handoff to D’Amaro marked nan culmination of the company’s soft succession process, a long-sought extremity pursuing respective botched handoffs and important intrigue surrounding nan changing of nan guard.
Thrive, founded successful 2009, invests successful internet, software, and different tech companies. It raised $10 cardinal for its latest fund. During astir 2 decades arsenic Disney CEO, Iger made tech a halfway priority, mounting deals pinch Epic Games, OpenAI and streaming tech subordinate BAMtech. Early successful his first tenure, he forged ties pinch precocious Apple CEO Steve Jobs, inking a then-unprecedented woody for existent bid for illustration Grey’s Anatomy and Lost to beryllium sold successful nan iTunes store, a cardinal early offering for nan first statement of iPods pinch video screens.
Iger, who turned 75 successful February, hasn’t made announcements aliases fixed immoderate interviews to bespeak his early plans. After stepping down arsenic Disney CEO successful February 2020, he made a bid of investments successful emerging companies for illustration Funko and GoPuff, joining galore boards. Along pinch woman Willow Bay, he besides acquired nan Angel City FC, a squad successful nan National Women’s Soccer League. With Disney successor Bob Chapek struggling, he was recruited to return arsenic CEO successful 2022 aft Chapek’s ouster by nan committee of directors.
