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News Bob Iger is back! Chapek is out!!
- Thread starter Disney4family
- Start date
ToTBellHop
Well-Known Member
Soon he will be among us, ringing up our items at Target for Black Friday.
Who am I kidding? He will be monitoring the self-checkout, making recommendations on how to further cut costs. “What if we sold 1/2 ply toilet paper where every other sheet is your hand? Right?!”
Marvel could use a tuneup. I wonder if Chapek's insistence on synergy was adding minutes to the movies--Black Panther 2 might be doing a bit better if there wasn't so much Disney+ content stuffed into the plot.
Animaniac93-98
Well-Known Member
"The spirits did it all in one night!"
Laketravis
Well-Known Member
LOL!
Then there's this:
"Yet evidence suggests that ‘boomerang CEOs’ might constrain a company’s growth. A study published in the MIT Sloan Management Review in 2020 found that companies that brought back a former CEO have "significantly lower" stock performance than firms that brought in someone new.
The study, led by researchers at the Univeristy of North Carolina at Chapel Hill and Marquette University, found that these negative effects were magnified when the company brought back a former founder."
Bob Iger joins ranks of 'Boomerang CEOs' with return to Disney
Yet one study suggests companies that bring back old CEOs do worse than firms that hire someone new.
Dan Deesnee
Well-Known Member
Unless the board viewed, rightfully so, that Chapek was killing their golden goose...
Boards mostly exist to think mid to long term for the company. It's very clear from the official statements that they saw the direction Chapek was heading and knew that it was not good for the parks or their brand.
EPCOT-O.G.
Well-Known Member
Bob Iger wanted to be here to inaugurate Tiana's Bayou Adventure.
Casper Gutman
Well-Known Member
He was a mediocre executive totally unequal to the role he was thrust into by the machinations of a cagey veteran CEO who had caused long term damage to the company and a panicky, confused board. He was set up as a fall guy, a patsy, a dupe, thrust into the firing line of the worst series of disasters to hit Disney in decades so an accomplished manipulator could save his personal reputation at the expense of a company he was supposed to guide. It’s almost a noir film storyline - Chapeks weak, incompetent, and unlikeable, but he’s the best of a bad lot.
I really like "Meet the Robinson's". Not that it doesn't stumble in a few places, but it's quite enjoyable. I still cringe to think of what it would have been like without Lasseter's involvement.
That would require foresight on the part of this board. Something they have not shown any ability to do. I would love to see any board of directors that understood what older Boards of Directors understood. Are we making Money? Bottomline are we making money and is it enough for continued growth and etc. Then we are good, we cant take in all the money, because then our customer has NONE!!! Which isnt good for long term.
Chapek is what happens when Iger pushed out everyone who could do the job far better than he could.
FigmentFan82
Well-Known Member
oh wow you've been diving into some rabbit holes i see
EPCOT-O.G.
Well-Known Member
Some chatter online is that there was some imminent announcement/decision lined up for this week and they needed to act fast (in confluence with the dreadful last week or so). If this urgency is correct, it would make sense that it’s a decision not easily walked back, and in the streaming realm. A sudden fire sale of ESPN? Some boneheaded decision re: the rest of the Hulu acquisition?
Purely an attempt to stabilize stock prices.
On a side note, what new IP is available to purchase?
On a side note, what new IP is available to purchase?
If you want a poster child for what's wrong with the MBA-obsessed Disney, $lappie is your hands-down, slam-dunk, can't-miss #1 overall pick. No feel for anything. No idea what makes anything special. No charisma. All the charm of a piece of charcoal. No public speaking ability. Makes Bob "More Trees" Iger look creative by comparison.
Dan Deesnee
Well-Known Member
The MCU is dying. Compare box office numbers to 6 years ago. Costs to bake the movies is way up, revenue is way down. They've lost the script, there is no coherent big storyline tying anything together.
They own the Fantastic 4 and Xmen and have done next to nothing with them so this situation can be easily salvaged.
Expect a huge return to massive MCU box office numbers in a few years.
"Disney will never be complete as long as there are other companies to purchase" - Anonymous former Disney CEO who recently was re-hired as CEO
Chip Chipperson
Well-Known Member
I wonder how much his performance during the last Quarterly Earnings Call spurred his ouster. Perhaps it was just the last straw. I just can't imagine that the Board or big investors were feeling confident in him after he said D+ is still expected to become profitable in 2024 "if there's not a recession next year." That's like a weather report calling for sunshine "as long as that hurricane off the coast does a 180 and heads back out to sea."
Casper Gutman
Well-Known Member
I’ve asked this before, but can you name one bad development for which Chapek bears sole or even primary responsibility?
Laketravis
Well-Known Member
The board doesn't take it's cues from earnings calls. Rest assured that whatever utterances are made during an earnings call, the board is already acutely aware of the background details minus the spin. Chapek may very well have already known the earnings call was his own eulogy.
Inside Bob Iger's return to Disney: A senior executive's outreach to the former chief followed months of complaints to the board about CEO Bob Chapek
Top Disney leaders told the company's board over the past few months that they were considering leaving the company if CEO Bob Chapek remained in the role. Now former chief Bob Iger has taken the reins again.
www.businessinsider.com