News Bob Iger is back! Chapek is out!!

[Slpy3270]

Chapek thought he could do the same thing to Christine McCarthy he did to Catherine Powell. Little did he know she had more approval in the board than he did.

 

[Sirwalterraleigh]

He doesn’t… it’s just the major focus on what’s the more relevant topic here so it seems that way. The entire package is taken into account by those responding to the company health and strength. If you had more info directed on all the Dis divisions you’d see the CEO receiving bad press from various directions. The parks stand out more among the general public.

The parks are also the “crown jewel” of the portfolio…biggest chunk of the money.

When espn was…it was scrutinized and Eisner answered questions about it all the time.

Such is the way of things

 

[HauntedPirate]

I need some time to parse the financial statements, but I saw somewhere it was reported that Genie+ alone is already more profitable than Cruise Line.

Isn't Genie- mostly pure profit? I know I'd be curious to see the numbers. One I'd be willing to spend money on, one I give myself a .000000000000000000001% chance of ever spending money on it.

 

[Sirwalterraleigh]

Chapek thought he could do the same thing to Christine McCarthy he did to Catherine Powell. Little did he know she had more approval in the board than he did.

Yeah I’m gonna go ahead and put this on todays agenda so we can get this out of the way:

Iger arranged all of this. Like wizard chess

 

[fgmnt]

Chapek was awful.

In a year or so, I think a lot of us are going to wish Chapek was back.

“This is not going to go the way you think.”

I do not think that would be the exact sentiment if this all goes the way one would cynically expect, but it’s pretty close.

I guess these are not the only two outcomes but I feel like by 2024, either the ship will be righted or everyone on earth will see the emperor has no clothes. I’m not opposed to either outcome.

“Second chance” implies that someone thinks they made mistakes with their first chance. Iger doesn’t. The parks are what he wants them to be. I suspect his main focus will be on digesting Fox, which means more belt-tightening.

Of course, this could be even more ominous if he starts selling components of the company or even the company itself. I don’t think he will, but Iger’s focus has always been mergers and acquisitions and the board is panicky…

I have been wondering what the board thinks re: rehiring iger, their obvious panic, and m&a. At their current size, there are probably 3 companies on earth that could buy Disney, and none of them are going to be interested in doing that over the next two years. But a lot can change in 2 years for the better or worse.

 

[Sirwalterraleigh]

Isn't Genie- mostly pure profit? I know I'd be curious to see the numbers. One I'd be willing to spend money on, one I give myself a .000000000000000000001% chance of ever spending money on it.

It’s literally charging for what you already paid for…

Even more egregious/less overhead than parties and after hours…which you already paid most of the bills for before they kick you out at 7

 

[JD80]

Isn't Genie- mostly pure profit? I know I'd be curious to see the numbers. One I'd be willing to spend money on, one I give myself a .000000000000000000001% chance of ever spending money on it.

Depends on what column you put all the IT/Networking costs.

 

[Sirwalterraleigh]

. At their current size, there are probably 3 companies on earth that could buy Disney, and none of them are going to be interested in doing that over the next two years. But a lot can change in 2 years for the better or worse.

What’s the third?

 

[Sirwalterraleigh]

Depends on what column you put all the IT/Networking costs.

Even still…once the sunk cost is paid (it likely is)…it’s minor equipment and troubleshoot people (who almost flunked out of caltech and couldn’t get a good job)

 

[JIMINYCR]

Chapek was awful.

In a year or so, I think a lot of us are going to wish Chapek was back.

“This is not going to go the way you think.”

Doubt that will happen. Chapek was the whipping boy right from the start. He did cause himself bad press and furor from all because of his blunders and policies but it wasn’t all his fault. He was bound to fail as soon as he stepped in and set the profit building ton of his time in.
Iger will not make changes guests are looking for but he will do some minor things to placate the loud voices. He’s not going to be treated the same as Chapek. He has a better standing by most and viewed as a likable guy. How you are perceived does so much for you.

 

[lazyboy97o]

Apple was very close to being in Disney Springs in the location that is now Ron Jon.

It moved around a bit but Anthropologie was the big one really intended for them for the longest time.

 

[Sirwalterraleigh]

Doubt that will happen. Chapek was the whipping boy right from the start. He did cause himself bad press and furor from all because of his blunders and policies but it wasn’t all his fault. He was bound to fail as soon as he stepped in and set the profit building ton of his time in.
Iger will not make changes guests are looking for but he will do some minor things to placate the loud voices. He’s not going to be treated the same as Chapek. He has a better standing by most and viewed as a likable guy. How you are perceived does so much for you.

In retrospect it’s not a hard sell to say that what happened may have been the plan all along.

It smells like tuna in a lot of ways

 

[Sirwalterraleigh]

It moved around a bit but Anthropologie was the big one really intended for them for the longest time.

They have one of those, no?

 

[JD80]

Even still…once the sunk cost is paid (it likely is)…it’s minor equipment and troubleshoot people (who almost flunked out of caltech and couldn’t get a good job)

I mean no it isn't. but ok.

 

[Sirwalterraleigh]

I mean no it isn't. but ok.

I got it…you’re a computer guy…obviously you’re all worth your weight in platinum.

We good?

 

[JD80]

I got it…you’re a computer guy…obviously you’re all worth your weight in platinum.

We good?

I'm not a computer guy at all. But you like to go around speaking with authority on a lot of subjects and try to pass opinion as fact all over the place so I figured I'd chime in this time.

Carry on though.

 

[JIMINYCR]

In retrospect it’s not a hard sell to say that what happened may have been the plan all along.

It smells like tuna in a lot of ways

Exactly what was my first thought when it was announced that Iger was being reinstalled. Thing went very well for him as things were getting hot. Very convenient that Chapek was nearby and available to take the steering wheel. Now Iger gets to look like the savior with little finger pointing at his part in all of this.

 

[jaxonp]

Well said, I've been saying that tesla should be more involved, but Mr musk may be a big issue for Disney and hard to work with, but i think magical express will return in some form, and Tron will be given an end of this year deadline to finish, also MP will go ahead in Epcot, and Play pavilion will be back on track, speculate to accumulate . wait and see

End of year deadline as in almost 6 weeks lol?

 

[pdude81]

To be fair, those costs already existing with FP+, just nobody paid for them. They needed to upgrade and modernize, so a new opportunity is born. In that sense, moving to paid G+ is all profit.

 

[pdude81]

I think the plan was always for Chapek to be the bad guy, but they thought he'd last longer in the role. I think we'd have had a better chance for park reinvestment under him than we will with Iger returning, but remains to be seen.