News Bob Iger is back! Chapek is out!!

Gringrinngghost

Gringrinngghost

Well-Known Member
So Bob Iger will act as the white knight and save the company...

Not to say I am surprised but it confirms to me at least my suspicions.

Now I am not a fan of either Iger or Chapek but I have to admit that I actually feel bad for Chapek as the cards were immensely stacked against him. Chapek was scapegoated, by Iger as Chapek's tenure as CEO was trial by fire. If Disney wanted to weather the crisis of global pandemic in a better approach their leadership should have never changed even at the very onslaught of pandemic. Iger knew what was happening on the mainland, and he still choose to leave. In the time leading up to His accountment just for the month of February, cases had gone up by 7 times in 24 days. There was time for him to decide to stay as CEO,, but he chose not to.

Iger, who yes was talking about leaving, should have stayed on as CEO rather than abruptly resigning one month into the closures of the parks in Mainland China in 2020 due to covid. This is an major fact as The New York Times Reported 2 years ago, that Iger had secretly resumed control for the day to day operations early in Chapeks' reign "And now, Mr. Iger has effectively returned to running the company. After a few weeks of letting Mr. Chapek take charge, Mr. Iger smoothly reasserted control," and a little later in the story to quote Iger himself "A crisis of this magnitude, and its impact on Disney, would necessarily result in my actively helping Bob [Chapek] and the company contend with it, particularly since I ran the company for 15 years!"

So everyone and Iger gets what they want. The fans who got to vilified Chapek for every little thing, get what they want -- Chapek gone and at this rate, Iger back. Iger gets to be the saving angel without tarnishing his legacy of the company when he in-fact set the wheels in motion for what has happened.

At this rate, when D'Amaro will become the inevitable CEO and people will most likely vilify him next, and that's going to come with the added benefit that everything people hate about the parks now, are coming him and not Chapek.
 
monothingie

monothingie

Nakatomi Plaza Christmas Eve 1988. Never Forget.
Premium Member
Sir_Cliff said:
The parks got a lot better when Eisner left and Iger came in as CEO. They were in a bit of a death spiral with low-quality additions, giant hats and wands, cheap new parks no-one wanted to visit, attractions flying off the tracks, etc. The one thing I will give Iger credit for in the parks is that he did seem to have a greater conviction than Eisner 2.0 (and Chapek as CEO) that the parks should at least be high quality. That gives me some hope that at least the nosedive in maintenance and upkeep will be corrected.
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You don’t remember 2008-2012?

That was darkest time for parks. Iger owned that.

Under Iger park ops were always the first thing cut. Go back through this forum detailing it all.

Chapek was terrible, but Iger was not much better.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
CaptainAmerica said:
Bob Iger returning to Madison Square Garden as a babyface to reclaim the NWA World Heavyweight Championship to a huge pop is quite the swerve.
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Ric Flair Woo GIFs | Tenor
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
monothingie said:
You don’t remember 2008-2012?

That was darkest time for parks. Iger owned that.

Under Iger park ops were always the first thing cut. Go back through this forum detailing it all.

Chapek was terrible, but Iger was not much better.
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…yeah…but also context…

Iger “managed” that much to the liking of the masters of Wall Street then.

I did spend those year vilifying him on the “other” board…at least about parks. It’s where the slide accelerated. Many don’t even understand what the slide looked like.

And many just thought he was pie in the sky.
 
monothingie

monothingie

Nakatomi Plaza Christmas Eve 1988. Never Forget.
Premium Member
TP2000 said:
Absolutely nothing will change short-term. There could be changes mid-term, but this is happening because there are divisions in Burbank that are hemorrhaging red ink, namely the flagship animation studios and the live action studios. Only Marvel seems to make money at the box office now.

The Parks are a cash cow, even during economic tough times. Burbank knows that, and puts them on auto pilot for awhile in times like these. There will be no changes seen or felt in the parks because of Iger's return until a year from now at the earliest.

Short term, Bob Iger and the Board will be happy to let the amusement parks and cruise ships (that Burbank senior executives don't even like to visit, especially with all those middle class folks) keep providing monthly cash flow while they focus on the real problems at hand:

Bob Iger's Real Problems For 2023
  • Studio entertainment's bloated budgets and/or box office flops
  • Streaming is a bottomless money pit (see above)
  • Complete lack of talent development in the senior executive ranks
  • No showmen are leading a showman's company (see above)
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Exactly!

Iger owns the failures. They were planted by him and started to bloom under Chapek.

The main franchises for Marvel and Star Wars are past peak. Yes most make some money, but they are even more expensive to make and don’t net as much to be as profitable as they were 10-15 years ago.

Disney Animation and Pixar are dumpster fires with no direction.

D+ is this dream that Wall Street had which like every other streaming service has turned into a nightmare.
 
monothingie

monothingie

Nakatomi Plaza Christmas Eve 1988. Never Forget.
Premium Member
Sirwalterraleigh said:
…yeah…but also context…

Iger “managed” that much to the liking of the masters of Wall Street then.

I did spend those year vilifying him on the “other” board…at least about parks. It’s where the slide accelerated. Many don’t even understand what the slide looked like.

And many just thought he was pie in the sky.
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In other words he is just like the guy who he replaced who replaced him, just more of a people person and less of an inarticulate ogreish clod.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
monothingie said:
In other words he is just like the guy who he replaced who replaced him, just more of a people person and less of an inarticulate ogreish clod.
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Correct…but also he knows how to handle Hollywood’s power structure while also being a complete slave animal to Wall Street.

But am I “parsing” too much?

The articles are actually pointing out all rhe problems…if they intend to do anything of what they say at all?
 
C

CAV

Well-Known Member
TP2000 said:
Absolutely nothing will change short-term. There could be changes mid-term, but this is happening because there are divisions in Burbank that are hemorrhaging red ink, namely the flagship animation studios and the live action studios. Only Marvel seems to make money at the box office now.

The Parks are a cash cow, even during economic tough times. Burbank knows that, and puts them on auto pilot for awhile in times like these. There will be no changes seen or felt in the parks because of Iger's return until a year from now at the earliest.

Short term, Bob Iger and the Board will be happy to let the amusement parks and cruise ships (that Burbank senior executives don't even like to visit, especially with all those middle class folks) keep providing monthly cash flow while they focus on the real problems at hand:

Bob Iger's Real Problems For 2023
  • Studio entertainment's bloated budgets and/or box office flops
  • Streaming is a bottomless money pit (see above)
  • Complete lack of talent development in the senior executive ranks
  • No showmen are leading a showman's company (see above)
Click to expand...
This is completely logical, however, logic doesn't always deliver better stock market returns and brand loyalty. If this ouster didn't come within hours of the WSJ article that reports the damage being done to the brand, I would agree with you 100%. The "loss of the Magic," viewing guests at nothing more than dollar signs, and inserting technology where no one asked for it, finally took its toll.

Now, you can say, "but Iger pushed all that and turned it over to Chapek," and rightfully so, but someone has to be the scapegoat. Why not someone that no one likes?
 

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