Bob Iger’s heralded return to the Disney C-suite last year hasn’t produced the rosy results investors hoped for, and the array of setbacks he’s faced has left the 72-year-old executive “overwhelmed and exhausted,” even privately questioning why he returned, Bloomberg reported Tuesday. Bob Iger may NOT fight off Nelson Peltz, it would be a great opportunity for him to retire, he knows what he is doing is not working and will not work anytime soon if ever.

Disney’s stock is now down more than 9% since Iger took back the CEO title from Bob Chapek in November and activist investor Nelson Peltz is once again rattling the cage and pushing for a seat on the company’s board. But the challenges at the House of Mouse go beyond the potential for a renewed proxy fight with a cantankerous investor. The company was in “worse shape than Iger realized” when he came back.

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