News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings

Newtwo

Well-Known Member
You were doing so well until the last part.

A CEO is ethically and legally obligated to act in the best interest of the shareholders. That's his only job.

The argument against Iger, if you're going to make one, isn't "he only cares about the shareholders." It's "the things he's doing aren't in the best interest of the shareholders long-term."
You're not wrong.

I just find it disgusting how much people gushed when it was announced that he was coming back and replacing Chapek.

No CEO should ever be put up on a pedestal like that. They're evil.
 

Vegas Disney Fan

Well-Known Member
You're not wrong.

I just find it disgusting how much people gushed when it was announced that he was coming back and replacing Chapek.

No CEO should ever be put up on a pedestal like that. They're evil.
You said the magic word… Chapek.

Iger is a massive improvement over Chapek and could instantly step into the CEO role. The only other option was stick with Chapek for several more months (or years) while trying to discreetly find his replacement and get him/her up to speed.
 

Sirwalterraleigh

Premium Member
Nobody who wears a costume to work is going to be impacted.
They’ll start to squeeze them, morale will suck, less quality labor will be available and it will lower overall standard and stress the older guard…
…oh, and travelers asked to pay high/higher prices for stale product (enjoy tron…cause you got a whole lotta Jack Nothing now) will show more resentment towards them.

Welcome to R mode, kids
 
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flynnibus

Premium Member
It really is surprising to see how far Disney has fallen since the highs of 2019. They practically owned the box office for years and the theme parks were overflowing. They're still making tons of money, but they do seem to be on the decline.
It's like the seasons man... studios know this too. They all don't abandon ship just because they didn't repeat the success of the last major blockbuster.

In the last decade+ the MCU boosted Disney like a turbo making it seem like king of the world. But everyone knows that peak isn't forever. That's why they are always working on the next thing too.
 

Smiley/OCD

Well-Known Member
You're not wrong.

I just find it disgusting how much people gushed when it was announced that he was coming back and replacing Chapek.

No CEO should ever be put up on a pedestal like that. They're evil.
First, most people on here knew that this wasn’t going to be the best outcome…it’s just that Iger was the lesser of two evils SHORT TERM.
As far as your comment that ALL CEO’s are evil, that’s just not true and you sound like a VERY disgruntled corporate employee…that’s unfortunate…life’s too short…
 

Sirwalterraleigh

Premium Member
It's like the seasons man... studios know this too. They all don't abandon ship just because they didn't repeat the success of the last major blockbuster.

In the last decade+ the MCU boosted Disney like a turbo making it seem like king of the world. But everyone knows that peak isn't forever. That's why they are always working on the next thing too.
That is normal…no comic book franchise ever sustain forever. Marvel has set the record by FAR…

And that’s ok…the missteps in the other big 3 divisions is the problem
 

Andrew C

You know what's funny?
First, most people on here knew that this wasn’t going to be the best outcome…it’s just that Iger was the lesser of two evils SHORT TERM.
As far as your comment that ALL CEO’s are evil, that’s just not true and you sound like a VERY disgruntled corporate employee…that’s unfortunate…life’s too short…
To be fair...I am definitely going the evil route when I become CEO.
 

Sirwalterraleigh

Premium Member
You said the magic word… Chapek.

Iger is a massive improvement over Chapek and could instantly step into the CEO role. The only other option was stick with Chapek for several more months (or years) while trying to discreetly find his replacement and get him/her up to speed.
He’s not a massive improvement now. He’s past his expiration date. WE SAW THAT BEFORE. To the letter

Iger was stable and navigated 15 years well considering his low talent. But that’s been exposed now…and why he’s there and is now the problem. He can’t take it.

But all the problems they have now…and their stock that has tanked 40% BEFORE an economic slow period…were hatched in his last go around…before the coward quit.

The record is written. Watch it play.
 

Smiley/OCD

Well-Known Member
They’ll start to squeeze them, moral will suck, less quality labor will be available and it will lower overall standard and stress the older guard…
…oh, and travelers asked to pay high/higher prices for stale product (enjoy tron…cause you got a whole lotta Jack Nothing now) will show more resentment towards them.

Welcome to R mode, kids
Less morale?? I thought that pay raise was supposed to take care of that…higher pay does NIT necessarily equal higher morale…but you’re absolutely right
 

Willmark

Well-Known Member
There has only been one post-Covid Pixar film, Lightyear. It did fail big in the box office. However, the critical and audience ratings aren't bad at all.

The previous films to Lightyear have received very good critical and audience ratings. But they were released to D+ at the same to whatever theaters were open worldwide. So, it's impossible to judge their box office performance.




Since when is two a 'churn'? Lightyear I mentioned above. And Strange World did indeed do poorly at the box office and with critical and audience ratings. But before that was the immensely popular Encanto.
I don’t want to wade into that debate as to why.

Maybe more appropriate to say it’s quite possibly only the beginning. It’s also telling just how much they lost, the market changing, the consumer base changing.

I’m of the opinion that the days of reaching every single customer is likely over for Disney. There is no way that can happen anymore. I’m trying to phrase it fairly delicate here.

As far as Pixar they reached their zenith around 2010/11 IMO. After that there has been a few ok ones, but hard to reach the level of the initial run culminating with their high water mark as it were: WALL-E and Up!
 
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CaptainAmerica

Premium Member
In the last decade+ the MCU boosted Disney like a turbo making it seem like king of the world. But everyone knows that peak isn't forever. That's why they are always working on the next thing too.
The fact that they wrote off Captain America and Iron Man at the same time without having Spider-Man or Wolverine ready to go is DCEU levels of franchise mismanagement. Did they honestly think that Falcon and She-Hulk and Hulk's son (wut?) would be enough to carry the saga forward?
 

Smiley/OCD

Well-Known Member
I don’t want to wade into that debate as to why.

Maybe more appropriate to say it’s quite possibly only the beginning. It’s also telling just how much they lost, the market changing, the consumer base changing.

I’m of the opinion that the days of reaching every single customer is likely over for Disney. There is no way that can happen anymore. I’m trying to phrase it fairly delicate here.

As far as Pixar they reached there zenith around 2010/11 IMO. After that there has been a few ok but hard to reach the level of the initial run culminating with their high water mark as it were: WALL-E and Up!
That’s it…trying to be all things to all people…
 

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