News Chapek FIRED, Iger New CEO

[Magenta Panther]

Well, dang.

Much as I hate Iger, I hope a health issue isn't the reason.

And Chapek….gahhh...the man's got horrible taste. He's a merch guy. Expect more IP injected inappropriately into every park nook and cranny...

 

[Chef Mickey]

Neither can Wall Street at the moment it seems.

This is less about Chapek (he is largely unknown, even to the street) and more about losing Iger, who was loved.

Chapek is terrible, but investors don’t know that. They just want Iger to remain CEO.

 

[Disone]

I shudder to think of the day when Iger is looked fondly upon like how many people think of Eisner now.

Eh. I do not miss Eisner. I do think the first half of us tenure was great but the second half not so much. Igar was the opposite. I thought he started off slow and then really turned up the investment streams it really started investing left and right. And Making creative and risky Investments. In my time I have not seen this level of investment at Walt Disney World. A lot of it I love some of it I question but...., Iger I will miss.

 

[Sirwalterraleigh]

it should also be noted that Iger didn’t leave and is going to run the board and creative development.

Vacating his title would trigger his severance...which was valued at $500,000,000 just days ago and laden with stock options.

1+1= x??

It's hard to see a future where Cheap-out Chapek doesn't kill off every last bit of what once made WDW so special.

No offense...but you and I are just as guilty of that as the Bob’s

Look at y’all. Hating Iger for years, and minutes after he steps down, already begging for him to come back.

I expressed my opinions above on the last 3 ceos. The names don’t matter...but the experience and trends do.

People started losing that before today!!! Maybe Chapek will kick ABC &ESPN out of the Company, Fine with me!!! More money for the parks!!!

Granted SWGE was hard to get going but wasn't Disney+ a smashing Success? That should make Iger look good right???

Nope...nope...nope...and yes

 

[TheDisneyDaysOfOurLives]

Do we know how this compares to Igers salary?

$2.5 million? That won't even pay the bills! How is he going to keep the lights on in his home?

 

[RSoxNo1]

For everyone jumping on the whole deal with Target...it's like you've all forgotten that about 5 years earlier TWDC announced a similar deal with JC Penney - those Disney shops within JCP are still going strong. The Target thing is really not a big deal...most of that product was already in the Target stores spread around the various departments, all Target is doing is creating a designated space for only Disney product. It's not a bad idea, nor harmful to the company.

Target and Disney isn't a big deal but it was pretty $%&#% odd to talk about it in the Parks panel at D23. That's a press release item not something you talk about to your bread and butter theme park fans. It was tone deaf.

 

[Lilofan]

Erin Wallace former WDW exec who left a few years ago to work for other companies is currently unemployed. That's someone with parks and resorts experience.

 

[Sirwalterraleigh]

This is less about Chapek (he is largely unknown, even to the street) and more about losing Iger, who was loved.

Chapek is terrible, but investors don’t know that. They just want Iger to remain CEO.

Loved without actually naming a board approved or vetted successor...

So he won’t be loved in the rear view quite so much, Will he?

 

[dmeets]

Best I can hope for is that Parks and Products get split into separate divisions again.

 

[monothingie]

$2.5 million? That won't even pay the bills! How is he going to keep the lights on in his home?

Steal the popcorn lights from MSUSA and the Grand Floridian. (oh wait most are all burnt out.)

 

[SteamboatJoe]

It seems like every time we are unhappy about something and want a change, we get change but for the worse.

 

[Monorail_Orange]

Target and Disney isn't a big deal but it was pretty $%&#% odd to talk about it in the Parks panel at D23. That's a press release item not something you talk about to your bread and butter theme park fans. It was tone deaf.

No argument from me on that aspect. You are correct.

 

[britain]

But can Chapek wear cardigans well!?

 

[RSoxNo1]

I would say this is "not good". I've reached out to any and all contacts I have with insight on this, but only one response... apparently there's more to the story, so just stick around and enjoy the popcorn. Iger is a genius CEO, even if you disagree with some of his stances. Chapek is... yikes.

Just to let you know, there IS a political component to this.

I'm guessing cabinet position, if not VP announcement. Timing is still odd considering Iger is a Democrat, you'd think it would at least be closer to a nominee being named.

 

[WEDway Inc & Company LLC]

Just to let you know, there IS a political component to this.

Company politics or like US Government politics?

 

[marni1971]

I’m very pro new era EPCOT.

Someone’s got to be otherwise they wouldn’t be doing it (despite the skewed board level pitches and cat like internal fighting)

 

[Indy_UK]

Eek. I was hoping for Kevin Mayer in the role. Don’t be surprised if he now leaves the company too.

I’d like to think Chapeks time with Park’s means he will look kindly on them and invest more but I’m not hopeful

 

[Sirwalterraleigh]

Erin Wallace former WDW exec who left a few years ago to work for other companies is currently unemployed. That's someone with parks and resorts experience.

One of my old bosses...

That’s a “no” on all levels.

You’d rather buy a condo just outside the gates of Hell.

Pressler is a better choice

 

[The Pho]

$2.5 million? That won't even pay the bills! How is he going to keep the lights on in his home?

Budget cuts

 

[marni1971]

One of my old bosses...

That’s a “no” on all levels.

You’d rather buy a condo just outside the gates of Hell.

Pressler is a better choice

That says a lot