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News Bob Iger is back! Chapek is out!!
- Thread starter Disney4family
- Start date
GhostHost1000
Premium Member
Yep and most of us here see Iger for what he is.
Chapek was bad, but also hand picked by Iger. Iger set him up, left when he knew it was going to get bad, came back after chapek is sent packing, some pixie dusters and cast members go nuts and cry happy tears thinking Disney is saved, and now iger can throw Chapek under the bus for all the stupid things Iger setup and/or had in the works before he left. Brilliant…until it catches back up to him.
Some fail to recall during the 2009 layoffs where many levels of management and office / project staff were laid off, Iger was in charge.
Nelson Peltz declares on CNBC the Disney proxy fight is over -
www.cnbc.com
Activist investor Nelson Peltz declares Disney proxy fight is over after Iger unveils restructuring
Nelson Peltz dropped his proxy fight against Disney after CEO Bob Iger unveiled a vast reorganization.
www.cnbc.com
LSLS
Well-Known Member
Nelson Peltz declares on CNBC the Disney proxy fight is over -
Activist investor Nelson Peltz declares Disney proxy fight is over after Iger unveils restructuring
Nelson Peltz dropped his proxy fight against Disney after CEO Bob Iger unveiled a vast reorganization.
Huh, almost like he was not looking to put customers first (or restore the magic or whatever he labeled it as), he just wanted the dividends and huge cuts.
el_super
Well-Known Member
The parks are doing well. When layoffs are announced and the basic concept is "the parks are safe," that should absolutely be considered a win for parks cast members.
Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job
Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job
Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job
www.wdwmagic.com
Tha Realest
Well-Known Member
One of the proxy’s desires was to see / hear a clear succession plan. Other than “I don’t think I’ll be here in two years,” and details on that? No shortage of successors have been mentioned but we haven’t seen/heard anything about concrete plans. Is history repeating itself?
Ayla
Well-Known Member
It's over because Iger said dividend checks will be returning.Nelson Peltz declares on CNBC the Disney proxy fight is over -
Activist investor Nelson Peltz declares Disney proxy fight is over after Iger unveils restructuring
Nelson Peltz dropped his proxy fight against Disney after CEO Bob Iger unveiled a vast reorganization.
Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job
Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job
Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job
"Bob, you have been the most impressive and celebrated CEO in the history of The Bob Iger Company (former The Walt Disney Company). How long have you been CEO now?"
"Bob, you have been the most impressive and celebrated CEO in the history of The Bob Iger Company (former The Walt Disney Company). How long have you been CEO now?"
Here's the statement from The Walt Disney Company Board of Directors -
BURBANK, Calif., February 9, 2023—The Walt Disney Company (NYSE: DIS) Board of Directors issued the following statement today in response to Nelson Peltz’s announcement that Trian Fund is no longer pursuing a proxy contest at Disney:
“We respect and value the input of all our shareholders and we appreciate the decision by Trian Fund announced by Nelson Peltz this morning.
This is a moment of great opportunity for The Walt Disney Company, as we recommit to our historic 100-year legacy of unrivaled creativity and a future of sustained growth and profitability. We are pleased that our Board and management can remain focused without the distraction of a proxy contest, and we have tremendous faith in Bob Iger’s leadership and the transformative vision for Disney’s future he set forth yesterday.
We will continue to engage with all our shareholders, and we look forward to our upcoming annual meeting on April 3, 2023. All shareholders of record as of the close of business February 8, 2023 are entitled to vote at the meeting.”
thewaltdisneycompany.com
BURBANK, Calif., February 9, 2023—The Walt Disney Company (NYSE: DIS) Board of Directors issued the following statement today in response to Nelson Peltz’s announcement that Trian Fund is no longer pursuing a proxy contest at Disney:
“We respect and value the input of all our shareholders and we appreciate the decision by Trian Fund announced by Nelson Peltz this morning.
This is a moment of great opportunity for The Walt Disney Company, as we recommit to our historic 100-year legacy of unrivaled creativity and a future of sustained growth and profitability. We are pleased that our Board and management can remain focused without the distraction of a proxy contest, and we have tremendous faith in Bob Iger’s leadership and the transformative vision for Disney’s future he set forth yesterday.
We will continue to engage with all our shareholders, and we look forward to our upcoming annual meeting on April 3, 2023. All shareholders of record as of the close of business February 8, 2023 are entitled to vote at the meeting.”
Statement From The Walt Disney Company - The Walt Disney Company
BURBANK, Calif., February 9, 2023—The Walt Disney Company (NYSE: DIS) Board of Directors issued the following statement today in response to Nelson …Read More
thewaltdisneycompany.com
DopeyRunner
Active Member
Pretty much my exact thoughts. Everyone with eyes and ears know that bobby saw the writing on the wall in ‘19 and phased himself out to look better. Chapek was pretty bad at the job, but many of us can understand he was dealt a horrible hand. He just didn’t do anything to improve it. The only people who actually think iger is better are:
1) people who have the memory of a goldfish
2) his friends and family
3) people who don’t understand the history of the company and what made it successful before.
LSLS
Well-Known Member
LOL. By announcing a bunch of sequels to sequels and firing a bunch of people that work there (I'm assuming at least some in creative rolls).
Tha Realest
Well-Known Member
He fired me, but at least he pantomimed that he was emotionally accessible!
Dear Fellow Employees memo from Alan Bergman, Dana Walden and Jimmy Pitar -
Dear Fellow Employees,
On our Q1 Earnings call yesterday, Bob announced an exciting strategic reorganization that refocuses the company on creativity, empowers our creative leaders and ensures we have accountability for our businesses globally. At this moment of great change and opportunity, we are inspired by the vision Bob has set for the company, and we are honored to be leading our respective business groups around the world at this important time in Disney’s history. Disney’s legacy of creating and delivering world-class entertainment through our unmatched brands and franchises remains central to who we are. And it is with that spirit of creativity and innovation that we proudly embark on a new era of exceptional storytelling.
As you heard, effective immediately, the company will be reorganized into three core business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. Today, we are writing to provide you with details about the newly formed Disney Entertainment and ESPN business segments and information about how this reorganization will impact the segments for which you’ve all been working. While we continue finalizing our operations and structures over the coming weeks, we want to provide answers to many of the initial questions you may have about the future in store for our businesses.
Today our colleagues from both Disney Media and Entertainment Distribution (DMED) and International Content and Operations (IC&O) will be joining Disney Entertainment and ESPN, with some becoming a part of one of the new shared functions that support both of our businesses. We are looking forward to more fully integrating our new team members as we seek a greater level of collaboration and an even more meaningful connection between our series, films and sports content, and our audiences.
Below are details about our new structure which have been lifted from the attached release, as well as some additional information.
Firstly, Disney Entertainment: this new segment will be co-chaired by Alan and Dana who will be responsible for the company’s full portfolio of entertainment media and content businesses globally, including streaming.
ESPN will include ESPN networks and ESPN+, and will be led by Jimmy. He will also be responsible for the management and supervision of the company’s full portfolio of sports content, products and experiences across all of Disney’s platforms worldwide, including its international sports channels.
The leaders of each content group will have full operational control and financial responsibility for creative development, marketing, sales, and distribution, and will be accountable for driving business efficiencies.
DISNEY ENTERTAINMENT
Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden will oversee the company’s global streaming business and manage all content decisions for Disney+ and Hulu.
Alan will also have primary oversight of the following businesses and content brands: Disney Live Action, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures as well as Disney Music Group and Disney Theatrical Group. Asad Ayaz will continue to oversee marketing for Alan’s creative groups in addition to Disney+, working closely with the Hulu marketing team.
Dana will also have primary oversight of the following businesses and content brands: ABC Entertainment, ABC News, ABC Owned Television Stations, Disney Branded Television, Disney Television Studios, Freeform, FX, Hulu Originals, National Geographic Content and Onyx Collective. As part of this reorganization, Debra OConnell will report to Walden as President, Networks (excluding ESPN). Shannon Ryan will continue to oversee marketing for Dana’s creative groups in addition to Hulu, working closely with the Disney+ marketing team.
ESPN
Jimmy will continue to oversee eight linear networks, including ESPN and ESPN2; sports content across all Disney domestic and, going forward, international platforms; ESPN+; ESPN Audio; ESPN Digital; ESPN Social; ESPN Fantasy and a variety of owned sports events. The ESPN team will be responsible for the company’s full portfolio of sports content, products and experiences on Disney platforms worldwide. Laura Gentile, who previously had marketing responsibilities across Disney Networks and ESPN, will now focus solely on leading all aspects of ESPN marketing across all platforms.
Several shared-service organizations across the company will support both Disney Entertainment and ESPN, facilitating company-wide efficiencies and creating a more cost-effective, coordinated, and streamlined approach to operations. These include Product and Technology, led by Aaron LaBerge; Advertising Sales, led by Rita Ferro; and Platform Distribution led by Justin Connolly excluding Theatrical Distribution and Music, which will be overseen by Alan Bergman.
Outside of North America, the company’s media, entertainment, and sports content and operations will continue to be managed regionally by Luke Kang, President Asia Pacific; Jan Koeppen, President EMEA; Diego Lerner, President LATAM; and K Madhavan, President India. These leaders will report to each of us as part of their global responsibilities. As a result of the changes, Rebecca Campbell, Chairman, International Content and Operations, has decided to leave the company. An esteemed leader and longtime industry veteran, Campbell will stay on through June to help with the transition.
In coming weeks, we will finalize operations and structures, including how our corporate functions will support our new company structure. During this transition, DMED and IC&O finance, communications, HR, and legal will report, respectively, to Christine McCarthy, Kristina Schake, Paul Richardson and Horacio Gutierrez.
As we heard yesterday, this reorganization of our company will result in reductions to our overall workforce, which will affect every segment and function across the company, and we are very mindful of the personal impact of these changes. More permanent decisions about individual positions and teams will be made in the coming weeks as we build out our operations in alignment with the company’s overall strategic priorities. Understandably, these changes will take a toll on colleagues who will be impacted, and we do not take that lightly. We will continue to be as transparent as possible throughout this process.
In the meantime, we encourage everyone to speak with your individual leaders, who will soon have additional information about assignments, reporting structures, and more.
The three of us share deep admiration and respect for one another, and it is a true privilege to lead such talented teams and individuals. We are excited to continue to foster a culture where we can do our very best work and look forward to building on your many incredible achievements as we embark on this new chapter.
Thank you for all that you do, and you will hear more from us soon.
With gratitude,
Alan, Dana and Jimmy
variety.com
Dear Fellow Employees,
On our Q1 Earnings call yesterday, Bob announced an exciting strategic reorganization that refocuses the company on creativity, empowers our creative leaders and ensures we have accountability for our businesses globally. At this moment of great change and opportunity, we are inspired by the vision Bob has set for the company, and we are honored to be leading our respective business groups around the world at this important time in Disney’s history. Disney’s legacy of creating and delivering world-class entertainment through our unmatched brands and franchises remains central to who we are. And it is with that spirit of creativity and innovation that we proudly embark on a new era of exceptional storytelling.
As you heard, effective immediately, the company will be reorganized into three core business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. Today, we are writing to provide you with details about the newly formed Disney Entertainment and ESPN business segments and information about how this reorganization will impact the segments for which you’ve all been working. While we continue finalizing our operations and structures over the coming weeks, we want to provide answers to many of the initial questions you may have about the future in store for our businesses.
Today our colleagues from both Disney Media and Entertainment Distribution (DMED) and International Content and Operations (IC&O) will be joining Disney Entertainment and ESPN, with some becoming a part of one of the new shared functions that support both of our businesses. We are looking forward to more fully integrating our new team members as we seek a greater level of collaboration and an even more meaningful connection between our series, films and sports content, and our audiences.
Below are details about our new structure which have been lifted from the attached release, as well as some additional information.
Firstly, Disney Entertainment: this new segment will be co-chaired by Alan and Dana who will be responsible for the company’s full portfolio of entertainment media and content businesses globally, including streaming.
ESPN will include ESPN networks and ESPN+, and will be led by Jimmy. He will also be responsible for the management and supervision of the company’s full portfolio of sports content, products and experiences across all of Disney’s platforms worldwide, including its international sports channels.
The leaders of each content group will have full operational control and financial responsibility for creative development, marketing, sales, and distribution, and will be accountable for driving business efficiencies.
DISNEY ENTERTAINMENT
Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden will oversee the company’s global streaming business and manage all content decisions for Disney+ and Hulu.
Alan will also have primary oversight of the following businesses and content brands: Disney Live Action, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures as well as Disney Music Group and Disney Theatrical Group. Asad Ayaz will continue to oversee marketing for Alan’s creative groups in addition to Disney+, working closely with the Hulu marketing team.
Dana will also have primary oversight of the following businesses and content brands: ABC Entertainment, ABC News, ABC Owned Television Stations, Disney Branded Television, Disney Television Studios, Freeform, FX, Hulu Originals, National Geographic Content and Onyx Collective. As part of this reorganization, Debra OConnell will report to Walden as President, Networks (excluding ESPN). Shannon Ryan will continue to oversee marketing for Dana’s creative groups in addition to Hulu, working closely with the Disney+ marketing team.
ESPN
Jimmy will continue to oversee eight linear networks, including ESPN and ESPN2; sports content across all Disney domestic and, going forward, international platforms; ESPN+; ESPN Audio; ESPN Digital; ESPN Social; ESPN Fantasy and a variety of owned sports events. The ESPN team will be responsible for the company’s full portfolio of sports content, products and experiences on Disney platforms worldwide. Laura Gentile, who previously had marketing responsibilities across Disney Networks and ESPN, will now focus solely on leading all aspects of ESPN marketing across all platforms.
Several shared-service organizations across the company will support both Disney Entertainment and ESPN, facilitating company-wide efficiencies and creating a more cost-effective, coordinated, and streamlined approach to operations. These include Product and Technology, led by Aaron LaBerge; Advertising Sales, led by Rita Ferro; and Platform Distribution led by Justin Connolly excluding Theatrical Distribution and Music, which will be overseen by Alan Bergman.
Outside of North America, the company’s media, entertainment, and sports content and operations will continue to be managed regionally by Luke Kang, President Asia Pacific; Jan Koeppen, President EMEA; Diego Lerner, President LATAM; and K Madhavan, President India. These leaders will report to each of us as part of their global responsibilities. As a result of the changes, Rebecca Campbell, Chairman, International Content and Operations, has decided to leave the company. An esteemed leader and longtime industry veteran, Campbell will stay on through June to help with the transition.
In coming weeks, we will finalize operations and structures, including how our corporate functions will support our new company structure. During this transition, DMED and IC&O finance, communications, HR, and legal will report, respectively, to Christine McCarthy, Kristina Schake, Paul Richardson and Horacio Gutierrez.
As we heard yesterday, this reorganization of our company will result in reductions to our overall workforce, which will affect every segment and function across the company, and we are very mindful of the personal impact of these changes. More permanent decisions about individual positions and teams will be made in the coming weeks as we build out our operations in alignment with the company’s overall strategic priorities. Understandably, these changes will take a toll on colleagues who will be impacted, and we do not take that lightly. We will continue to be as transparent as possible throughout this process.
In the meantime, we encourage everyone to speak with your individual leaders, who will soon have additional information about assignments, reporting structures, and more.
The three of us share deep admiration and respect for one another, and it is a true privilege to lead such talented teams and individuals. We are excited to continue to foster a culture where we can do our very best work and look forward to building on your many incredible achievements as we embark on this new chapter.
Thank you for all that you do, and you will hear more from us soon.
With gratitude,
Alan, Dana and Jimmy
Disney’s Reorg Revealed: Dana Walden and Alan Bergman Divide Entertainment Assets, International Chief Rebecca Campbell to Exit
Disney leadership broke down the specifics of the company-wide restructuring Thursday, following CEO Bob Iger's initial earnings re-org announcement
variety.com
TP2000
Well-Known Member
You said that far more polite than I would have been able to do.
I laughed out loud when they bothered to use a bullet point for complimentary PhotoPass ride pics.
