It's been nearly eight months since Bob Iger returned to Walt Disney (NYSE: DIS) as its CEO, and the clock keeps ticking. He was brought back on a two-year contract, and it's becoming fairly clear that Iger doesn't have enough time to turn things around by the end of 2024. 

I predicted back in December that Iger would negotiate a contract extension in 2023. It's starting to seem like a strong possibility, but not for the reasons that bulls would like.

Disney stock is down 3% since his arrival was announced, a sharp contrast to a general market that is up 11% in that time. An Iger extension at this point wouldn't be a sign that he's doing a great job in getting Disney on track. It would be an admission that two years was never going to be enough time to get the market excited about the company again. 

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Source Fool.com