Uh, no!You're Bob Cheapek aren't you?
Uh, no!You're Bob Cheapek aren't you?
The New York trial is over. He starts another trial in LA soon. I haven't been following closely enough to know if that is related to the same case where the woman sued Disney over "enabling his behavior".Trial is over, doing so doesn't help Harvey. But, cool conspiracy, bro.
Disneyland Paris is in France.
While that's true, you can connect directly to Disneyland Paris from London by taking the Eurostar train from St. Pancras station through the chunnel. It's about a three hour commute.
Maybe worth a side trip, DL Paris has its good points.
Any chance this actually works out? What if Chapek in his new position as CEO is less involved with the parks and actually hires a real parks guy?
Here is my issue with this line of thinking, he's not leaving the company. He is still there as Executive Chairman of the Board, with Chapek reporting directly to him. So its not like he actually retired and left the company as happens in the situation you're talking about. He is still fully immersed in the company, just less on the day-to-day operations.In my experience, a sudden retirement is almost always brought on by some type of personal issue. Usually it's health or family related. Iger enjoys the perks of being a world-renowned exec as much as anybody, but he's also a low-profile personality. It wouldn't shock me if we found out later that there was a private issue behind this.
There's really nobody EXCEPT Chapek that could step in right away. The directors would probably prefer to have someone with more of a media/tech background. But there's nobody with that profile far enough along in the pipeline, and no time to groom anybody who could potentially get there.
It's important to occassionally remind ourselves that TWDC ultimately rises and falls not on P&R (or "experiences"... whatever the heck they call it these days), but on the networks, the movie studios, and now Disney+. That's been the priority for at least 30 years, and probably won't change in any of our lifetimes.
Why not? Why delay something that is already in the works anyways, and gives the markets time to digest it.Iger could have simply named Chapek as his successor, kept the same timeline, train him but still stay on as CEO. Why step down now?
Why not? Why delay something that is already in the works anyways, and gives the markets time to digest it.
The stock was likely always going to take a hit the day that Iger stepped down. Iger is a Wall St darling. And Wall St doesn't like uncertainty, so any new CEO is going to also have to prove themselves no matter if Wall St thinks they're ready or not.The stock took a hit the day it was announced. Nobody thinks little Bob is ready. And it’s raised suspicion about why it happened so suddenly.
Probably not... unless we want to believe Chapek really did all the park's bidding unsupervised or free of Iger's influence. As such, Chapek's probably already laid down the directive of "Disney IP over everything" so whoever does take over will have to live under that.There is a bright side.. $hapek may be too busy to focus on the parks anymore, and whoever steps into his old position could restore the glory days of Disneyland?
Far-fetched but just a thought.
No, the stock was not always going to take a hit if Iger had done what he had said he would do for years now. A sudden change is not an orderly plan. Naming a successor, promoting him to the President and COO role that Iger himself held and then committing to finally retire, even on an accelerated timeline, would have gone a long way to mitigate the shock. Even with Eisner being pushed out there was a six month gap between Iger being named as his successor and him taking the job, and that was five years after him getting the number two job.The stock was likely always going to take a hit the day that Iger stepped down. Iger is a Wall St darling. And Wall St doesn't like uncertainty, so any new CEO is going to also have to prove themselves no matter if Wall St thinks they're ready or not.
No, the stock was not always going to take a hit if Iger had done what he had said he would do for years now. A sudden change is not an orderly plan. Naming a successor, promoting him to the President and COO role that Iger himself held and then committing to finally retire, even on an accelerated timeline, would have gone a long way to mitigate the shock. Even with Eisner being pushed out there was a six month gap between Iger being named as his successor and him taking the job, and that was five years after him getting the number two job.
The stock took a hit the day it was announced. Nobody thinks little Bob is ready. And it’s raised suspicion about why it happened so suddenly.
How does a CEO "step up" in order to mentor his replacement over a year ahead of retirement without the announcement being a surprise?
Should Iger have been dropping hints?
Are people who are used to getting fed insider leaks angry they didn't smugly know ahead of time what Disney was doing?
The conspiracy theories are nuts.
That’s just poor roll out on their behalf!
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