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]

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.

 

[Sirwalterraleigh]

I prefaced that blurb with "if anything."

I think the most likely outcome for the parks (in terms of stuff guests will actually notice) is a whole lot of status quo.

It’s gonna be higher charges. Because for the 18th straight year: no one has defended themselves at the register

 

[Sirwalterraleigh]

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.

Chapek had to go…

So does Iger. Just he’s slightly more stable in the short run.

Both things can be and are true

 

[Sirwalterraleigh]

Data to back that up? Or just spouting opinion as fact?

When things that used to make lots of money…but make less as they continue to roll out…both in simple math AND adjusted for inflation…

…they are “less well received”

Generally speaking.

 

[Vegas Disney Fan]

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]

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

 

[flynnibus]

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]

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]

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]

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]

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]

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

 

[Kamikaze]

It’s gonna be higher charges. Because for the 18th straight year: no one has defended themselves at the register

But they complained online!

 

[Smiley/OCD]

To be fair...I am definitely going the evil route when I become CEO.

Not everyone is cut out to be a CEO…I guess you can put yourself in with Chappy then…

 

[Willmark]

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!

 

[Andrew C]

Not everyone is cut out to be a CEO…I guess you can put yourself in with Chappy then…

I said evil, not unequipped...

 

[CaptainAmerica]

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]

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…

 

[MisterPenguin]

Being liked doesnt put money in Bob's pocket, being profitable does.

Being liked increases the Disney Brand which is a multiplier for so many other income sources.

Also, it allows the IP to continue to make money in the post-theatrical windows.

 

[Drdcm]

But they complained online!

I’m a minority on this, but I used to go twice a year for about a week at a time. I’ve been making other choices since last January and have no plans to return in the next year at least. We cancelled our trip in March because of the cost. It’s just not worth it anymore for us.