News Bob Iger is back! Chapek is out!!

monothingie

Make time to do nothing.
Premium Member
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JIMINYCR

Well-Known Member
Alarmed by the prices escalating but of course nothing will change. Someones got to pay for his million dollar + package to return. And of course no mention of his part/ blame in setting the course Chapek had to jump in on when he took over. Chapek had much to answer for on his own but Iger wasnt the innocent bystander that left no fingerprints at the scene. Hes well into Savior mode already and loving it
 

John

Well-Known Member
Hello all.......Happy Thanksgiving. Most of you don't know me but I have walked the halls here at da' Magic for a long time......1974 (if you know.....you know) was king.

I find it hilarious that Iger comes in on his white horse trying to play the Disney savior when it was under his watch we got to this place in time. You have had to watch this unfold from years ago. Chapek was Iger's guy. Chapek was the ultimate hatchet man. He rose through the ranks of the Disney corporation by cuts and raising prices. Almost all of the changes we have sen for over a decade were the brain child of Chapek. For those who may not know, CHapek was head of Parks & Resorts........I could go in to the "it all started with napkins" but I don't want to bore you.

Chapek spent years cutting and nibbling at the edges of the "Disney difference". Making the board and as importantly Bob Iger buckets and buckets of money. The stock prices rose accordingly. The board was thrilled. Iger seeing the writing on the wall when Covid hit knew it was time to make his great escape.

No time like the present to reward Chapek for all those years of service.....and basically destroying the guest experience, the job of CEO.
Once in the job Chapek immediately had challenges. Covid and the Governments effort to combat it had a negative impact on the economy thus on the Disney company. With out causing a major fuss here there were other policies Disney had that finally had a negative effect on those guest surveys Disney loves so much.

Stock prices began to fall, guest satisfaction at an all time low, In order to keep revenue positive Chapek had to continue to do what he knew best......cut and raise prices. The snow ball going down hill just got away from him. The board had to act.....and act fast. They make a phone call to Iger.

Iger comes in on his white horse to save the day and squarely throws his old pal Chapek under the bus.......then he backed up to see what he ran over. Iger is just as responsible for the current state of the company as Chapek......maybe even more so. The real damage was done while Iger was at the helm. I zero respect for Iger or the board.

Iger will stop the bleeding........but it was him who made the deepest cuts in the first place.
 

Captain Barbossa

Well-Known Member
Iger wasnt the innocent bystander that left no fingerprints at the scene.
Thank you. I love how people are acting like Iger was always a perfect saint and that he never did anything wrong, and I’m lmao about it. Chapek learned how to up-charge and shoehorn IP into the parks from the person who groomed him to do so, and it wasn’t Michael Eisner. Iger isn’t some great hero sent from the ghost of Walt to save the company.
 

JIMINYCR

Well-Known Member
Thank you. I love how people are acting like Iger was always a perfect saint and that he never did anything wrong, and I’m lmao about it. Chapek learned how to up-charge and shoehorn IP into the parks from the person who groomed him to do so, and it wasn’t Michael Eisner. Iger isn’t some great hero sent from the ghost of Walt to save the company.
Back then Eisner also made many blunders that set his downfall in place as well. And just like the present, Iger was in the right place to step into his shoes. Iger followed suit and started off fairly strong and then started to make mis steps. Then when the storm hit and he needed to bail, Chapek was conveniently there to step in. As they say... history repeats itself.
And all these guys miraculously keep getting richer and richer with their multi million $$ contracts with ending payouts they collect despite how theyve performed. Eisner, Iger, now Chepek made themselves buckets of money.
 

Sir_Cliff

Well-Known Member
Not yet a full 180, but Eisner recognized that the parks were built around attractions and needed attractions. Iger’s response to the parks he inherited was to try and get rid of them. Dumping them seems a lot worse than slowly starting to fix them. He dramatically curbed that budding reinvest and then largely had to be forced by outside parties to actually do things like the Hong Kong Disneyland expansion and Disney’s California Adventure investment.

Eisner was showing the willingness to course correct and change. Why would that not apply to other areas? Is pumping out a bunch of streaming content really better than direct-to-video content? A bunch of needless remakes better than needless sequels?
Fair enough, I see what you're saying.

I guess my overall sentiment is that I understand being hard on Iger, but I really don't understand giving Eisner the benefit of the doubt. There were things about him that I preferred to Iger even at the end (for example, being willing to approve ambitious, original ideas for the parks), but overall the company seemed in terminal decline by the time he left and I find it hard to believe it would have avoided being swallowed up by a bigger company had he stayed much longer. I also feel that his respect for the brand is harder to read by the end. My personal impression is that he was far more willing to slap the Disney name on low-quality product to make a quick buck toward the end than Iger ever seemed to be.
 

JIMINYCR

Well-Known Member
Fair enough, I see what you're saying.

I guess my overall sentiment is that I understand being hard on Iger, but I really don't understand giving Eisner the benefit of the doubt. There were things about him that I preferred to Iger even at the end (for example, being willing to approve ambitious, original ideas for the parks), but overall the company seemed in terminal decline by the time he left and I find it hard to believe it would have avoided being swallowed up by a bigger company had he stayed much longer. I also feel that his respect for the brand is harder to read by the end. My personal impression is that he was far more willing to slap the Disney name on low-quality product to make a quick buck toward the end than Iger ever seemed to be.
Towards the end as it became apparent that Eisners end was nearing, he also made sure that on his way out he would be padding his bank account with a variety of payouts, stocks, incentives before and after he left the building.
 

Br0ckford

Well-Known Member
Thank you. I love how people are acting like Iger was always a perfect saint and that he never did anything wrong, and I’m lmao about it. Chapek learned how to up-charge and shoehorn IP into the parks from the person who groomed him to do so, and it wasn’t Michael Eisner. Iger isn’t some great hero sent from the ghost of Walt to save the company.
I think more for me its at least Iger romances before he has his way with you. Bob C answers the door with his whip and handcuffs. 🤣
 

lazyboy97o

Well-Known Member
Fair enough, I see what you're saying.

I guess my overall sentiment is that I understand being hard on Iger, but I really don't understand giving Eisner the benefit of the doubt. There were things about him that I preferred to Iger even at the end (for example, being willing to approve ambitious, original ideas for the parks), but overall the company seemed in terminal decline by the time he left and I find it hard to believe it would have avoided being swallowed up by a bigger company had he stayed much longer. I also feel that his respect for the brand is harder to read by the end. My personal impression is that he was far more willing to slap the Disney name on low-quality product to make a quick buck toward the end than Iger ever seemed to be.
The reason I give Eisner the benefit of the doubt is that he was starting to make those changes in some areas, changes people now misattribute to Iger. You don’t get that at all with Iger. It’s always someone else’s fault (Chapek now) or he wasn’t involved (being COO). We don’t even get third party books about his tenure and leadership like we did with Eisner lest someone say something undesired.

Eisner successfully fended off Comcast’s hostile takeover attempt, and again, Iger want to sell off the parks as a near first order of business. He was absolutely fine with selling off visible, profitable parts of the company.
 

Sir_Cliff

Well-Known Member
Or that they need to manufacture some dirty laundry to justify an incredibly unusual sequence of events that makes the company appear panicky and unstable.

One or the other.
Maybe, but I do think it is notable that I haven't seen anybody who has worked for the company past or present either defend Chapek or unhappy that he is being replaced by Iger. That suggests to me that, whatever Iger's flaws, Chapek was noticeably worse to work for and this isn't entirely a whisper campaign led by Iger.
 

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