Iger expects Disney to ride out downturn

March 10, 2009 Speaking at the Paramount Theatre in Oakland at the company's annual shareholder meeting, he cited the current recession, saying it is likely "the most difficult economic (period) in our life time." In a shareholder Q&A Tuesday, one investor wished Disney board member Steve Jobs and his family good health and asked for contingency plans in case he has to leave the post for health reasons and in case Jobs' shares end up on the open market in the case of an untimely death. Executives added that Jobs, who holds about 7.4% of the company's stock, and his family make all the decisions about the Disney stake.

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