FigmentFan82
Well-Known Member
you must have long arms for all that reaching
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News Bob Iger is back! Chapek is out!!
- Thread starter Disney4family
- Start date
Not unless Iger's put Zenia back in charge of spin.
Laketravis
Well-Known Member
I'd like to see a simple bar chart of annual park attendance from, say, 2010 to 2021.
From the info I've seen, there wasn't a skyrocketing growth in attendance. In fact, it's been relatively flat since 2015 (indicating some negative impact from the many changes between 2012-2015?) until dropping drastically in 2020 (Covid) and only partially recovering in 2021. And as others have pointed out, there is resort availability this week. Thanksgiving week. In the words of Elon Musk - "Let that sink in".
Did WDW artificially manufacture "demand" via yield manipulation? Make it "feel" more crowded than it actually was?
In other words, maybe they are seeing a trend. Squeezing more revenue from a diminishing base eventually crashes and burns.
From the info I've seen, there wasn't a skyrocketing growth in attendance. In fact, it's been relatively flat since 2015 (indicating some negative impact from the many changes between 2012-2015?) until dropping drastically in 2020 (Covid) and only partially recovering in 2021. And as others have pointed out, there is resort availability this week. Thanksgiving week. In the words of Elon Musk - "Let that sink in".
Did WDW artificially manufacture "demand" via yield manipulation? Make it "feel" more crowded than it actually was?
In other words, maybe they are seeing a trend. Squeezing more revenue from a diminishing base eventually crashes and burns.
I work in the industry so a simple bberg search is all it took…. But i will admit there was also a decent run before that but industry wide the stock was a disappointment in comparison and even more now with no dividend…
Goofyernmost
Well-Known Member
One cannot stay quiet in the face of oppression. Unless, of course, one wants to be oppressed. That's my opinion backed by history.
I never used ME once but to me it was one if the dumbest decisions they could have made as a company. Easily could have hid that cost or part of it within ticket prices or room rates and people would have been none the wiser. Heck they were most likely doing that already. Another $ grab charge for parking force people to possibly rent a car and make $ that way as well.I don't see the attendance improving until it does. Or at least something similar to the Universal one where you pay one price for the day kinda thing.
Start with bringing back the Magic Express though and I may come back
CaptinEO
Well-Known Member
Iger didn't leave though he was still a part of the company.
I do agree though Iger's ego made it so he made himself out to be Disney's savior so he left Chapek a company in tons debt and in a starting pandemic, to not stain his own legacy.
JohnD
Well-Known Member
FIFY
"Senior Walt Disney executives led a rebellion against chief executive Bob Chapek in recent weeks, which resulted in his ousting and replacement with predecessor Bob Iger, according to people familiar with the matter.
The covert campaign to overthrow Chapek, which began in the summer, came after the outgoing chief executive lost the confidence of some members of his top team during a tumultuous 33 months at the helm of the media empire.
“A lot of people were approaching the board, Iger loyalists who felt marginalised,” said one person with knowledge of the talks.
Shares in Walt Disney rallied by as much as 10 per cent on Monday as investors wagered that Iger, one of America’s most celebrated media executives, could lift morale and boost returns at the company’s costly streaming unit. The company’s stock price remained up more than 5 per cent in early afternoon trading in New York.
Disney executives began approaching the board, which is chaired by Susan Arnold, a few months ago to express concerns about Chapek’s leadership. Christine McCarthy, chief financial officer, was among the executives who complained, three of the people said. Disney declined to comment.
“[The board] were clueless about what to do,” one person added.
The final straw was Disney’s bruising earnings release on November 8, during which Chapek reported that the company’s streaming business had lost $1.5bn during the most recent quarter. Three days later, Chapek announced job cuts, telling staff in an email: “We are going to have to make tough and uncomfortable decisions.”
Iger, who ran Disney for 15 years before leaving in 2021, stunned Hollywood on Sunday night by agreeing to replace Chapek. Iger had handpicked Chapek as his successor after he won plaudits for his management of Disney’s theme parks division.
The changes at the top come after the company’s stock had fallen by nearly 40 per cent this year as Disney and others spent heavily to compete in streaming, a business that has been costly and less profitable than cable television or cinema.
Relations between the “two Bobs” quickly soured as Iger bristled over Chapek’s handling of Disney’s creative output and his management shake-up, which introduced more centralised decision making and empowered Chapek’s allies.
The decision to reinstate Iger, brokered by Arnold, came less than six months after Disney renewed Chapek’s contract for a further three years, quelling speculation of a potential exit. People close to Chapek said he became aware of the moves against him some weeks ago but was caught off guard by the speed of events.
The abrupt dismissal will entitle Chapek to a significant payout. Under his old contract, at the end of 2021 he was entitled to an estimated $54mn in cash and stock in the event of early termination. The company has not published the full details of his most recent contract."
Full article -
www.ft.com
The covert campaign to overthrow Chapek, which began in the summer, came after the outgoing chief executive lost the confidence of some members of his top team during a tumultuous 33 months at the helm of the media empire.
“A lot of people were approaching the board, Iger loyalists who felt marginalised,” said one person with knowledge of the talks.
Shares in Walt Disney rallied by as much as 10 per cent on Monday as investors wagered that Iger, one of America’s most celebrated media executives, could lift morale and boost returns at the company’s costly streaming unit. The company’s stock price remained up more than 5 per cent in early afternoon trading in New York.
Disney executives began approaching the board, which is chaired by Susan Arnold, a few months ago to express concerns about Chapek’s leadership. Christine McCarthy, chief financial officer, was among the executives who complained, three of the people said. Disney declined to comment.
“[The board] were clueless about what to do,” one person added.
The final straw was Disney’s bruising earnings release on November 8, during which Chapek reported that the company’s streaming business had lost $1.5bn during the most recent quarter. Three days later, Chapek announced job cuts, telling staff in an email: “We are going to have to make tough and uncomfortable decisions.”
Iger, who ran Disney for 15 years before leaving in 2021, stunned Hollywood on Sunday night by agreeing to replace Chapek. Iger had handpicked Chapek as his successor after he won plaudits for his management of Disney’s theme parks division.
The changes at the top come after the company’s stock had fallen by nearly 40 per cent this year as Disney and others spent heavily to compete in streaming, a business that has been costly and less profitable than cable television or cinema.
Relations between the “two Bobs” quickly soured as Iger bristled over Chapek’s handling of Disney’s creative output and his management shake-up, which introduced more centralised decision making and empowered Chapek’s allies.
The decision to reinstate Iger, brokered by Arnold, came less than six months after Disney renewed Chapek’s contract for a further three years, quelling speculation of a potential exit. People close to Chapek said he became aware of the moves against him some weeks ago but was caught off guard by the speed of events.
The abrupt dismissal will entitle Chapek to a significant payout. Under his old contract, at the end of 2021 he was entitled to an estimated $54mn in cash and stock in the event of early termination. The company has not published the full details of his most recent contract."
Full article -
Walt Disney executives staged revolt against ousted chief Bob Chapek
Rebellion by senior staff hastened reinstatement of predecessor Bob Iger
www.ft.com
It's all fun and games until the promised cuts, layoffs, and hiring freeze still takes effect.
Truly amazing how short the memory span of some people is.
flynnibus
Premium Member
Trend? it was their business plan.
Get more money per person through raised prices and upsells
Sell the message that any drop in demand is you trying to address customer concerns about crowding
Weed out the lower yield customers in favor of customers willing to spend more (AP limits vs ticket purchasers)
They've been selling this story for years now... 'unprecedented demand' almost REQUIRING them to raise prices.
Well, at least Chapek wasn't as bad as David Zaslav over at WB. That's a very low bar to clear, but still. Over there, it's an absolute dumpster fire.
BTW, in case you're wondering what video from the ABC News website I had linked to in my "theoretical email to Iger" that no longer works, it's the full two-hour interview that Josh Elliott did of former Penn State president Graham Spanier in August 2012, which Spanier undertook to defend himself from criticism. Obviously a very big interview, which ABC had made available to view at the end of 2013, during Spanier's trial, but it no longer works.
Furthermore, ABCNEWS VideoSource should also really be improved further, in allowing access to raw interview material.
I'm in no way sympathizing with Chapek, but his biggest mistake was that he should have immediately purged anyone loyal to Iger from the company."Senior Walt Disney executives led a rebellion against chief executive Bob Chapek in recent weeks, which resulted in his ousting and replacement with predecessor Bob Iger, according to people familiar with the matter.
The covert campaign to overthrow Chapek, which began in the summer, came after the outgoing chief executive lost the confidence of some members of his top team during a tumultuous 33 months at the helm of the media empire.
“A lot of people were approaching the board, Iger loyalists who felt marginalised,” said one person with knowledge of the talks.
Shares in Walt Disney rallied by as much as 10 per cent on Monday as investors wagered that Iger, one of America’s most celebrated media executives, could lift morale and boost returns at the company’s costly streaming unit. The company’s stock price remained up more than 5 per cent in early afternoon trading in New York.
Disney executives began approaching the board, which is chaired by Susan Arnold, a few months ago to express concerns about Chapek’s leadership. Christine McCarthy, chief financial officer, was among the executives who complained, three of the people said. Disney declined to comment.
“[The board] were clueless about what to do,” one person added.
The final straw was Disney’s bruising earnings release on November 8, during which Chapek reported that the company’s streaming business had lost $1.5bn during the most recent quarter. Three days later, Chapek announced job cuts, telling staff in an email: “We are going to have to make tough and uncomfortable decisions.”
Iger, who ran Disney for 15 years before leaving in 2021, stunned Hollywood on Sunday night by agreeing to replace Chapek. Iger had handpicked Chapek as his successor after he won plaudits for his management of Disney’s theme parks division.
The changes at the top come after the company’s stock had fallen by nearly 40 per cent this year as Disney and others spent heavily to compete in streaming, a business that has been costly and less profitable than cable television or cinema.
Relations between the “two Bobs” quickly soured as Iger bristled over Chapek’s handling of Disney’s creative output and his management shake-up, which introduced more centralised decision making and empowered Chapek’s allies.
The decision to reinstate Iger, brokered by Arnold, came less than six months after Disney renewed Chapek’s contract for a further three years, quelling speculation of a potential exit. People close to Chapek said he became aware of the moves against him some weeks ago but was caught off guard by the speed of events.
The abrupt dismissal will entitle Chapek to a significant payout. Under his old contract, at the end of 2021 he was entitled to an estimated $54mn in cash and stock in the event of early termination. The company has not published the full details of his most recent contract."
Full article -
Walt Disney executives staged revolt against ousted chief Bob Chapek
Rebellion by senior staff hastened reinstatement of predecessor Bob Iger
Seems clear now that McCarthy's supposed gaffs in the press maybe weren't so much gaffs but very public ways of making Chapek look very bad.
I mean she does after all look like a Disney Cartoon villain right??
Laketravis
Well-Known Member
That's not a face I think I could ever trust...........I'm in no way sympathizing with Chapek, but his biggest mistake was that he should have immediately purged anyone loyal to Iger from the company.
Seems clear now that McCarthy's supposed gaffs in the press maybe weren't so much gaffs but very public ways of making Chapek look very bad.
I mean she does after all look like a Disney Cartoon villain right??
denyuntilcaught
Well-Known Member
Completely agree, and I think that's relatively part of why Iger works - at least for the time being. Z
Zaslav is a more extreme Chapek to some extent, when it comes to prioritizing business over people in the most obvious and egregious manner. Yes, we know that's how it works in business and for Wall Street, but the secret is pretending otherwise. No one told that to Chapek, however, and its only working for Zaslav for the moment.
If the WB + Discovery+ launch next year flops and promised efficiencies don't come to fruition, Zaslav may want to ask Chapek about some hobbies to do amid an abundance of free-time.
Iger is liked. I'm not saying we like his choices, but he is liked by Wall Street, by Hollywood, by the news cycle, and by the broader fandom to an extent.
Perception is a game that can be very rewarding to all.
I'm in no way sympathizing with Chapek, but his biggest mistake was that he should have immediately purged anyone loyal to Iger from the company.
Seems clear now that McCarthy's supposed gaffs in the press maybe weren't so much gaffs but very public ways of making Chapek look very bad.
I mean she does after all look like a Disney Cartoon villain right??
The fact that senior level executives felt comfortable enough to openly complain to the Board of Directors just absolutely baffles me, and that they directly ask for his ouster even more-so. They must have been 1000% certain that the Board was not supportive of Chapek even with the extension before making such a move. For McCarthy to actively campaign for his removal is just second-level. The second shock is that Chapek was somewhat aware of it, and did nothing about it - meaning that he either didn't really know, or he was so ingrained in his own ego that he didn't consider the threat real and ignored it until it was too late.
denyuntilcaught
Well-Known Member
I had sensed she was playing chess, not checkers.
denyuntilcaught
Well-Known Member
Again, EQ or Chapek's lack thereof. If he had any actual emotional intelligence he could have read the room before it was too late.
Tha Realest
Well-Known Member
Understatement of the year.
Maybe people named Bob aren’t the problem.
Everything about this decision is reactive, panicky, and distressing as to the true state of things now and hope for the future.
Cleaning house on the Board is in order.
CaptainAmerica
Premium Member
Of all the Sr. EVPs in the company, Christine McCarthy is by far the most competent.I'm in no way sympathizing with Chapek, but his biggest mistake was that he should have immediately purged anyone loyal to Iger from the company.
Seems clear now that McCarthy's supposed gaffs in the press maybe weren't so much gaffs but very public ways of making Chapek look very bad.
I mean she does after all look like a Disney Cartoon villain right??