Hedge Fund Manager: Disney's CEO Needs To 'Talk Straight'

Eric Jackson is the managing director of SpringOwl and penned an article on The Street's Real Money on why Walt Disney Co DIS's CEO Bob Iger needs to "talk straight."

Jackson noted that Iger was recently a guest on Bloomberg TV and discussed an unnamed analyst's (likely Rich Greenfield of BTIG) recent Sell rating on Disney's stock.

Iger argued that the analyst has a history of being "consistently wrong" in the past on his Disney calls and this time around should be no different. Iger even rhetorically asked "where's the accountability for these analyst guys?"

Related Link: The Downgrade That Sent Disney Shares Lower

According to Jackson, Iger's "lashing out" at the analyst makes "him look bad" and the analyst "look good." The hedge fund manager added "just what is Iger worried about?"

Finally, Jackson suggested that the analyst's points are "apparently hitting the mark."

"That was demonstrated by Iger's reaction and lack of details in responding to his critics with any specifics about how and when they will go direct to consumer without upsetting his cable and satellite partners," Jackson wrote.