News Bob Iger Steps Down - Bob Chapek CEO

[Disney Analyst]

Well, here we go folks.

 

[DanielBB8]

It's not April 1st so it must be true.

 

[MisterPenguin]

Active discussion here:

News - Chapek FIRED, Iger New CEO

That's not been verified and false. I'm sorry. It's true. Effective immediately Iger is no longer CEO

forums.wdwmagic.com

 

[Sharon&Susan]

Has it been announced yet who is taking over Parks and Resorts? Maybe we'll get someone who'll be willing to put some money into live entertainment and streetmosphere into SW:GE.

 

[mickEblu]

In other news I will be stepping down from my annual pass.

 

[brb1006]

@TP2000 is going to have a field day for the next couple of years.

 

[Phroobar]

It is real. God help us all.

https://www.washingtonpost.com/business/technology/disney-names-new-ceo-to-replace-bob-iger-immediately/2020/02/25/a5491fcc-5813-11ea-8efd-0f904bdd8057_story.html

 

[Phroobar]

Disney CEO Bob Iger steps down, Bob Chapek named new head

NEW YORK (AP) — The Walt Disney Co. has named Bob Chapek CEO, replacing Bob Iger, effective immediately. The surprise announcement Tuesday makes Iger executive chairman. Chapek was most recently chairman of Disney Parks, Experiences and Products. Iger will remain chairman through the end of his...

www.sfchronicle.com

 

[DavidDL]

It's okay, this is all just some kind of nightmare. I'll wake up soon!

..right?

 

[Disney Analyst]

Active discussion here:

News - Chapek FIRED, Iger New CEO

That's not been verified and false. I'm sorry. It's true. Effective immediately Iger is no longer CEO

forums.wdwmagic.com

Yeah! That's a more active thread for anyone who wants faster information or discussion, but I know a lot of Disneylanders like to stay down here, so thought it was worthy to discuss here as well.

 

[TROR]

We’re all going to die

 

[Phroobar]

In other news today...

 

[Stevek]

 

[Lilofan]

Iger knew when to cash out and run..

 

[brb1006]

An Investor Call is going on right now related to the news.

https://edge.media-server.com/mmc/p/44jra6cw

 

[TP2000]

Iger knew when to cash out and run..

That's what it looks like to me too. But for the Disney company, this isn't going to end well for them.

@TP2000 is going to have a field day for the next couple of years.

I can't wait!

 

[SplashJacket]

https://edge.media-server.com/mmc/p/44jra6cw

Live conference call

 

[TheDisneyDaysOfOurLives]

That's what it looks like to me too. But for the Disney company, this isn't going to end well for them.

The best leaders know when to cut and run. Iger will be the face of unprecedented growth with Disney while Chapek gets to report a dismal quarter (and with the CDC news today, it could very well turn into a dismal year). Chapek is going to be a scapegoat potentially and be gone in two years.

 

[Lilofan]

That's what it looks like to me too. But for the Disney company, this isn't going to end well for them.



I can't wait!

If Chapek continues his slicing and dicing of the company, look for more re-orgs, job losses and many parts of the company being sold in a fire sale to willing buyers. Hopefully it doesn't come to this.

 

[Lilofan]

The best leaders know when to cut and run. Iger will be the face of unprecedented growth with Disney while Chapek gets to report a dismal quarter (and with the CDC news today, it could very well turn into a dismal year). Chapek is going to be a scapegoat potentially and be gone in two years.

But not without a golden parachute.