Bob Iger, the CEO of the Walt Disney Co. and a well-known supporter of Democrats, offered praise to Republican Donald Trump on Thursday, and said the company is already working on a bust of the president-elect to be displayed at Disney World in its Hall of Presidents attraction.
The exec, speaking to Wall Street analysts after disclosing disappointing quarterly earnings results, also railed against high corporate taxes.
"We are no longer competitive with the rest of the world in that regard and that must be addressed, and it's possible that, given what's gone on this week, that that's likely to be addressed sooner rather than later, and that's obviously a good thing," Iger said.
"It's also a good thing, I think, for markets and for most businesses that the transition is already off to what appears to be a fairly smooth start," he continued.
Iger was speaking, in fact, shortly after Trump met with President Barack Obama at the White House, a meeting that Obama later called "excellent."
"It looks like there's cordiality, which we've not seen in a long time, and there's an attempt by both sides with the incumbent and the president-elect to approach this in a rational, cordial, effective and polite way," Iger said of the prospect that taxes and regulations on businesses might be eased under a Trump administration.
"That can only be good for business and for the country," the CEO said. "On the smooth transition front, we're going through a smooth transition as well. We've already prepared a bust of President-elect Trump to go into our Hall of the Presidents at Disney World."