Disney: Bob Iger back as CEO

[the-pi-guy]

Disney Shocker! Bob Iger Back As CEO, Bob Chapek Out https://t.co/KjqMGLfdIv

— Deadline Hollywood (@DEADLINE) November 21, 2022

[the-pi-guy]

Not too often a big CEO gets quietly fired.

“The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,” said Susan Arnold, Disney’s chairman of the Board. https://t.co/mEMhpxnhHA pic.twitter.com/bWy9EHkL4g

— Variety (@Variety) November 21, 2022

This, despite getting his contract extended another 3 years

[Legend]

Wow!

Bob Iger was great for Disney but I don't recall Bob Chapek fumbling enough to warrant this. Haven't kept up with Disney news in a while though.

[kitler53]

Wow!

Bob Iger was great for Disney but I don't recall Bob Chapek fumbling enough to warrant this. Haven't kept up with Disney news in a while though.

nor I.  punished just because of inflation/rate hikes killing all stocks?   seems unfair to me. 

[darkknightkryta]

I imagine the thing with Florida didn't blow over well?

Not sure how true this is, but maybe the grooming stuff as well?  Though I've found nothing official on that, but rumours can still cause issues with stocks.

[kitler53]

I imagine the thing with Florida didn't blow over well?

Not sure how true this is, but maybe the grooming stuff as well?  Though I've found nothing official on that, but rumours can still cause issues with stocks.

I saw some sites pushing that narrative but I think it's BS.  it's from places that want to feel like they won. 

based on the immediate policy changes iger took the likely reason was chapek didn't have a great standing with "the talent".  kind of like musk,.. chapek had no respect for the people that work for the company treating them like a commodity that is easily replaced.  

with how quick things changed I wonder if there wasn't some kind of ultimatum made or threat of strike or something similar.