Bob Iger steps down as Disney CEO... and Comes Back Again

[Silver Surfer]

Bob Iger has stepped down as CEO of the Walt Disney Company (DIS), effective immediately. Bob Chapek is the new CEO, the board of directors announced on Tuesday. He most recently served as chairman of Disney Parks, Experiences and Products.

Iger has assumed the role of executive chairman and will direct the company's creative endeavours, the company said.

Bob Iger steps down as Disney CEO. Bob Chapek replaces him - CNN

 

[Mysteryman]

Sounds like it is going to be a relatively smooth transition.
Nothing to worry about.

 

[NotNickFury]

So if I changed my first name to Bob, do I have a shot at becoming a Disney CEO, too?

 

[DarkKnight88]

Yeah, I think he was planning to retire a few years back but wanted to wait until Shanghai Disneyland was up and running.

 

[Sithborg]

Its still a year earlier than planned.

First impression is health reason.

 

[samsnee]

Hmmm wonder why it was so immediate. Usually these things are drawn out

 

[Silver Surfer]

Something is definitely up, sudden exits like this are not without reason. If this was really planned in advance there would have been a transition period with advance notice. Disney's stock just fell 2.5% as well.

 

[Kuwolski]

He was supposed to step down at the end of 2021 . Also Chapek would have been one of the candidates to become CEO when Iger retired. Hope everything is OK with Iger.

 

[Detective Conan]

This is quite sudden. I can’t help but suspect that something is going on behind the scenes that we’re not aware of.

 

[terry78]

Yeah some **** is definitely going down.

 

[Kuwolski]

 

[DarkKnight88]

Yeah, again he originally wanted to step down in 2018. He’s probably just overworked.

 

[Kuwolski]

 

[Snow Queen]

Bob Chapek, huh? Guy best known for tightening the wallet on park operational budgets in the face of soaring profits? Guy who has minimum wage employees saying cutesy phrases and playing 'characters' because he doesn't want to have to pay the rates of union actors? Okay then.

 

[Silver Surfer]

 

[Wheels]

Chapek is apparently despised by hardcore Disney fans for the way he runs the parks division . I don't really like the idea of Iger stepping down much at all myself. He was running things during the rise of the MCU, the return of Star Wars on film, and the Revival Era of Disney animated films so I'll miss the Iger Era of Disney. Really the only bad thing about Iger's run from a movie perspective is these mediocre live action remakes.

 

[samsnee]

Why does Chapek look like a bald Iger?

 

[jmc]

This guy's apparently ruthless.

 

[Silver Surfer]

Not a fan of Chapek at all, would much rather they had kept on the original plan with Staggs as the eventual CEO.

 

[Kuwolski]

Chapek is apparently despised by hardcore Disney fans for the way he runs the parks division . I don't really like the idea of Iger stepping down much at all myself. He was running things during the rise of the MCU, the return of Star Wars on film, and the Revival Era of Disney animated films so I'll miss the Iger Era of Disney. Really the only bad thing about Iger's run from a movie perspective is these mediocre live action remakes.

The greatest run since Walt himself. Iger had vision and was savvy in a multitude of ways. Chapek is a slight surprise to me, although not unexpected. I was hoping Mayer or Peter Rice got the job.

Anyway, great thread on twitter by Matt Ball regarding this topic. Interesting read (and follow) for those looking for intelligent (non whiny) content on twitter.

 

[samsnee]

Bob Chapek, huh? Guy best known for tightening the wallet on park operational budgets in the face of soaring profits? Guy who has minimum wage employees saying cutesy phrases and playing 'characters' because he doesn't want to have to pay the rates of union actors? Okay then.

Yeah I don’t like Chapek.

 

[terry78]

Well something happened behind the scenes that got him the job.

 

[samsnee]

Interesting how Chapek just talks about dividends for the stockholders and not about bringing good product to customers. I know it’s CNBC but still shows you where his head is at.

 

[Enriquespy]

Another week, another Bob...

 

[weezerspider]

Scorsese calls their movies theme park rides and they get their panties in a wad and then turn around and hire a theme park executive as CEO. Lmao