Sirwalterraleigh
Premium Member
She’s delusional/overhyped too. She made billions in a toxic company run by Syndrome…and just stumbled out of the door
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
- Start date
Sirwalterraleigh
Premium Member
This extension was not based on “merit”…
It’s a promise to delusional investors of cut throat profits.
Fans lose.
But don’t mistake this: he still will be fired if they continue to spiral and a lb of flesh is needed. Nothing will change that
el_super
Well-Known Member
If they are ignoring the community, it's because it makes the most business sense to do so. I'll leave that up to you to decide if that means the community is out of touch or whether their complaints just don't matter.
Most of the complaints directed at Chapak, for increasing pricing and reducing services all have their roots in the tremendous volume of people going thru the parks. If people stopped going, reservations wouldn't be needed. Genie+ wouldn't be needed. Chapek would most likely ditch them in a second.
Disney is more reactionary than people seem to realize.
el_super
Well-Known Member
At the point that the shareholders started to turn on Eisner, he held on for another 7 years. We are nowhere near that point with Chapek yet.
Sirwalterraleigh
Premium Member
They serve a master and it isn’t the consumer. Which is the fundamental flaw of Wall Street for 30+ years. Companies are not rewarded for production or stability
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The cause of death of her husband , CEO of Survey Monkey was sad. While on family holiday in Mexico he fell off the gym treadmill while running and hit his head.
Captain Neo
Well-Known Member
It’s clear that disneys board of directors live in a completely isolated bubble from average people and have no interest in what is actually good for the guests as long as the stock price keeps going up.
They don’t care that the guest experience has become miserable. It’s time we seriously hurt Disney economically and teach these ****** a lesson. Stop going to the parks, stop going to the movies, make your voices heard loud and clear!
They don’t care that the guest experience has become miserable. It’s time we seriously hurt Disney economically and teach these ****** a lesson. Stop going to the parks, stop going to the movies, make your voices heard loud and clear!
Grumpy4196
Well-Known Member
Same here, but that writing was on the wall as soon as they announced the Target partnership at D23.
Sirwalterraleigh
Premium Member
They didn’t really turn on him during the ovitz thing…it was a mix of stuff in the early 00’s
But the reality is he was done with Roy and their personal quarrel is what played out. Eisner was near the end anyway. It had been 20 years and his health was issue…he had lost the spark.
Sirwalterraleigh
Premium Member
What’s stupid about this is the timing…no reason for it now: it’s not gonna calm the market…likely opposite. And he wasn’t gonna be “stolen”
This is really just board incompetence. No desire to find a better person. Lazy fat cats.
This is really just board incompetence. No desire to find a better person. Lazy fat cats.
Sirwalterraleigh
Premium Member
Brick and mortar in towns is a dead end. The beauty is they can bleed target for nothing until they’ve had enough
Captain Neo
Well-Known Member
Your right and our countries economy slowly collapsing right now is the result of years of this BS.
el_super
Well-Known Member
The shareholders sued to prevent Ovitz's golden parachute. There was a messy trial that aired a lot of dirty laundry. Very public. This was of course right after he lost wells, and was fueding with Katzenberg. The Ovitz thing was directly related to wanting a clear succession path, and that's ultimately what did him in.
And to be fair, that's definitely a concern the board should be expressing to Chapek privately right now. Eisner blew it. Iger blew it. The one thing I would expect the board will want from Chapek is a clearer succession plan. That's going to mean filling important exec positions with like-minded people, amenable to Chapek and the board's plan, so there is continuity going forward.
Kamikaze
Well-Known Member
I would say that the two years he's been in the role (besides being terrible) mean nothing to running the company during 'normal' times because the economic climate during COVID was so different.
And his time running or overseeing the company sectors you mentioned have all been absolutely sub par to say the least.
ElvisMickey
Well-Known Member
Really? Why would the board extend him for 3 years after firing golden boy far left activist, Peter Rice?
Ayla
Well-Known Member
He can hug his golden parachute to help him feel better.
Sirwalterraleigh
Premium Member
It the insistence of “billions everyday” that has caused that. It can’t be name your own profit and that is now required. With no watchdogs
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el_super
Well-Known Member
Seriously though, if things are so bad why do the guests keep going? Why do they keep acting against their own best interests? You want to be mad at the board for not listening to the guests, but everytime they go to the parks, they are literally telling the board it is still worth the money.
Either the guests don't care about the problems, or they are finding value in the park experience that the community can't fathom.
Sirwalterraleigh
Premium Member
What you wrote is nonsensical spew. You’re free to have your opinions. Not cleverly veiled innuendo still isn’t a good look - however.
ElvisMickey
Well-Known Member
So you have absolutely no answer but to deflect…typical to the folks on here