Disney’s CEO Bob Iger Reportedly DUMPS 80% Of His Shares In Disney!

Watcha doin’, Iger?

Whenever a CEO sells off their shares, that’s generally not a good sign. Especially if it’s 80% of their shares, that’s a red flag!

I’ve never heard of a sitting CEO sell off that much before.

Which begs the question, what does Iger know?

Is he about to abandon ship?

Noah just mentioned 4 CEO’s that looked to have been involved in insider trading. Does the same accusation ring true for Bob Iger?

EDITOR’S NOTE: when you see the phrase “Insider Trading” you might immediately think of Martha Stewart in prison for making illegal trades.  But that’s not always the case.  When referring to a C-Suite level executive in a company, they are an “Insider” by default and they are allowed to make trades as long as they are disclosed per SEC guidelines.  

Barchart.com explains more:

Insider trading refers to when a company’s executives, board of directors, and/or major shareholders buy or sell company stock based on non-public company information. Being aware of insider trades can help identify what insiders (i.e., smart money) think will happen in the future.

For example, if a significant number of shares are bought before an earnings announcement or before the results of a drug trial are publicly released, it could suggest that insiders think the company is about to release some good news, and that the share price will rise shortly.

Barchart’s Insider Trading Activity page shows all insider trading recorded for the last 5 calendar days, with the option to filter by a specific transaction date, transaction type, or dollar amount of the transaction.

The bolded part above is why we are taking so much interest right now…we see bright red flashing warning signs.

Now back to Bob Iger.

Did he just dump 80% of his shares?

Some information is a bit murky, but Grok says yes:

Not a good look for someone trying to drum up investor support in their dying company while at the same time emptying your portfolio of nearly all your stocks in your own company.

Disney CEO Bob Iger Sells Off More Than 80% of His Stake in the Company

| Disney Dininghttps://t.co/Pg8hmtqpuW

— Doc (@DocBishop55) February 29, 2024

MSN reports:

Investors can learn much by paying attention to how corporate insiders handle positions in their own companies. People may sell shares for various reasons (including buying a house, paying for college, or getting ready for retirement). Generally, they buy for just one reason: they expect to make more money.

Often, one of the largest and best-informed shareholders in any company is the chief executive officer. Let’s see whether Walt Disney Co. (NYSE: DIS) CEO Robert Iger has been increasing or decreasing his shares over the past year and whether he knows something we don’t.

One year ago, Iger owned around a million shares, worth over $97.2 million. On last look, he owned less than 187,000 shares, a decline of about 844,00 or so shares. The value of the stake plunged around 80.2% to more than $19.2 million.

Inside The Magic adds:

Disney CEO Bob Iger has been loudly proclaiming that the iconic media corporation is currently on the upswing and rebounding from years of box office flops and controversies, which raises a question: why is he selling off (hundreds of thousands) of shares of Disney stock?

The Walt Disney Company is currently in something of a crisis mode, as its board of directors faces an aggressive campaign by billionaire investor Nelson Peltz, who is supported by former Marvel Entertainment chair and longtime Iger rival Ike Perlmutter, and former CFO Jay Rasulo, who are attempting to seize a control bloc of seats. Similarly, Blackwells Capital, another investment group, is doing the same.

In the midst of all of that, shareholders and the public at large are wondering if and when Bob Iger has any plans to leave the Walt Disney Company, the organization at which he has spent most of his professional life and is widely associated with. While Iger can only say it is a “priority” to replace him, the fact that he is rapidly dumping Disney stock, even as he claims to be looking toward the future, might hint that he actually has some plans afoot.

If you missed Parts 1-4, they are posted below:

Part 1:

Insider’s Selling (Part 1): Jeff Bezos Sells $8.5 BILLION of Amazon Stock

Part 2:

Insider’s Selling (Part 2): Walton Family Cashes Out of Wal-Mart!

Part 3:

Insider’s Selling (Part 3): Jamie Dimon Sells MILLIONS Of Stock — First Time Ever In Over 18 Years

Part 4:

Insider’s Selling (Bonus Part 4): Mark Zuckerberg

And here's a nice summary from Axios:

When the market is at record highs, that's a great time to convert paper wealth to cash dollars. Just ask JPMorgan's Jamie Dimon, Meta's Mark Zuckerberg, or Amazon's Jeff Bezos — all of whom have been selling a lot of stock of late.

Why it matters: It makes sense even for billionaires to diversify out of having the overwhelming majority of their wealth in a single stock. Now's a great time to do just that.

By the numbers: Between them, the three moguls have sold $9.3 billion of stock in less than a month, per Jonathan Moreland of Insider Insights.

Dimon sold $150 million of JPMorgan shares on Feb. 22.
Zuckerberg sold $661 million of Meta shares between Jan. 31 and Feb. 21.

Bezos sold $8.5 billion of Amazon shares between Feb. 9 and Feb. 20.

Zoom out: Even these astonishing numbers pale in comparison to the $39.5 billion of Tesla shares that Elon Musk sold between November 2021 and December 2022, mostly to raise the cash he needed to buy Twitter.

I'll end this article with a simple recommendation....

I am NOT a financial advisor, but if you feel like you want to follow these guys and get OUT of stocks and into something safe like Gold, here are the only two Gold companies I trust to work with.

They will take VERY good care of you if you need assistance:

The ONLY Two Gold Companies I Am Proud To Partner With

We mostly cover politics here, but politics affects the economy and the economy affects...YOU and ME!  And our pocketbooks.

Big league.

So in the midst of covering politics, we also cover money from time to time...and while I'm not a financial advisor, I share what I'm learning in the hopes that it can help you and keep you and your family safe.

And that often leads me to covering Gold and Silver.

You know, what they have always called "God's Money".

He made it, they aren't making any more of it, and it has always been highly valued as money from the beginning of time until now.

So I'm a big fan and I think it has the potential to do big things if, say, the U.S. Dollar were to suddenly collapse.

So that's why I talk about it and why I want to make sure everyone protects themselves and your families.

So to answer the question of "what can I do?" it's really quite simple: you need to get some #Gold or #Silver in your own possession.

It's called "physical" gold and silver.

Not paper traded garbage on the stock exchanges that isn't backed by anything.

Don't touch that stuff.

And because I get asked so much how to buy it and what the best places are, I thought I would publish this and just get it out there for all to have....

I have two special hook-ups for you and these are the ONLY two companies I am proud to partner up with on Gold and Silver.

Both involve PHYSICAL gold and silver.

Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.

The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.

It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.

And I know you'll never forget it if I give you this GIF so....Let's Get Physical:

Now...WHERE do you get physical gold and silver and how do you know it's real and safe?

And that you're getting the best price?

Oh, and how about personal one-on-one real customer service?

You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?

That's what I'm about to tell you.  

I have two killer connections for you...

The first is for purchasing gold and silver bullion.

That means bulk bars.

That's the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.

You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

How about that!

You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

No sales pitch, just real, actual help.

And the best prices you will find.

Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

Good things come to those who wait!

You can contact Ira and WLT Precious Metals here.

Ok, that was #1.

Now I want to tell you about option #2.

An equally great company, I am so happy to be working with these guys.

This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

You know what the beauty of that is?

Two huge benefits actually...

First is TAX FREE baby!

I'm not a tax advisor, but that's a general oversimplification.

Never pay more taxes than you are legally required to pay.

And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

Second is if you simply shift money out of stocks (like Peter Schiff recommends) and into Gold, it won't cost you anything!  No money out of pocket!  

BOOM!

There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!

They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:

Wealth Preservation With Gold & Silver –
The Genesis Gold IRA

By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.

Sincerely,

Genesis Gold Group

Empowering Faith-Driven Stewardship

Here's more on why gold and silver in your IRA are so powerful:

You can contact Genesis Gold here.

They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

Tell 'em Noah sent ya!

Oh, and did you know Genesis is recommended by SUPERMAN himself?

It's true.

Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:

Watch here: