Sir_Cliff
Well-Known Member
As has already been alluded to on this thread, it's hard to imagine what it would take for the Disney board to actually withdraw endorsement of the CEO. Has it ever happened?
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
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mikejs78
Well-Known Member
After a lot of pressure it happened with Eisner.
Agreed. It's more then the "woke" problem. It's more then just a Florida law fight. Its more then it's movie story choices. Its more then Marvel and Star Wars problems.
Disney has "non-political" public relations problems at the parks with extremely high prices and ultra complicated reservations and schedualing complaints and passholder problems. Disney has made going to the parks an expensive mess right now.
I suspect that Disney has just lost touch with what its customers want in MANY different areas. They are turning into a campany that has no clue what their customers are asking for....and NOT asking for.
Thanks to Roy Disney campaign of getting rid of Eisner
Sir_Cliff
Well-Known Member
I can't quite remember, to be honest, but did the Board publicly withdraw confidence or did he agree to step down after the large shareholder vote against him? I guess, either way, a shareholder/investor revolt of that magnitude may be what would be necessary for the Board to at least start sending signals to Chapek that it is time to 'retire'.
mikejs78
Well-Known Member
The political stuff is barely making a difference. It's all the other stuff that is a problem. It's the fact that the studio will just had a good relationship with Hollywood, now doesn't. It's the fact that decisions are being made based on metrics and data and not creativity. It's the fact that they are gouging people to death. It's the fact that they're making the experience in the parks worse.
Most people don't care about a company's politics.
Vegas Disney Fan
Well-Known Member
I wouldn’t say nothing, they may be a minor factor but their political missteps do make a difference.
If Disney was still the beloved brand they were a few years ago people would overlook the political missteps but with Disney consistently making unpopular decisions the political problems get added to the list of reasons people are disillusioned with the company.
For people already on the fence because they are upset with prices, reservations, etc the political missteps may be the final straw.
Alone they are nothing, but as part of the last two years of anti-guest policy changes they matter.
I think that the shareholders have Disney on a 3-5 year "correction" course plan. Right now is a TERRIBLE time for anybody to sit in that CEO chair. Chapek will be used a the "bad guy" so that these hard steps can be implemented. Its going to be ugly and dirty in the mean time. They will identiify budgetary problems, fire executives and make big org chart and structural changes. They will cut "fat" and get lighter, leaner and more financialy healthy.
After this hard process is finished, the real next-gen CEO will be assigned and will take a better-prepared company into the future.
I suspect that Chapek is just here to take and absorb the fire needed durring this re structure.
Just my guess folks....(like everybody else here)
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Tha Realest
Well-Known Member
My honest takes:
1) Chapek was viewed favorably by the board, and there for a reason- the segments under his control were profitable, and while his initiatives weren’t popular with customers, they tolerated it enough to keep coming (and spending)
2) He’s an intermediate solution, a caretaker CEO. He’s there to take the heat and do “unpopular” things so the longer term CEO comes in with a cleaner slate
3) I think the stock price reflects the things you say - unease about the profitability of streamers, worry over inflation and a possible recession on luxuries such as D+, Disney Cruises, or Disney vacations.
4) That said, for the last few months Fox News and the FL Governor have made out the Disney company to be a bunch of groomers. I think it’s largely silly, but I also thought it was silly that the candidate that lived on their prime time shows instead of campaigning could be the GOP nominee, and…well? Point is, I don’t think we can completely disregard how much the political stuff is going to linger, even if it’s impossible to in any way measure that against varied systemic and economic issues confronting the company
Vegas Disney Fan
Well-Known Member
What are they correcting though?
In 2019 the parks were packed, the movies were doing great, revenue and profits were skyrocketing… if Disney were struggling a correction would make sense but pre-Covid they were booming, all they had to do was return to business as normal and they’d be booming again. Instead they decided to take something that was working and insanely profitable and completely change it, it defies logic.
mikejs78
Well-Known Member
If politics mattered to the point that some of you think, Dr. Strange and the multiverse of madness would not have done even close to the $900M+ globally that it has done. Light-year will be a flop. And the parks would have half the attendance that they normally do.
Brian
Well-Known Member
And somehow, Georgia saw record turnout in their recent primary election, including in the communities they shrieked would be disenfranchised. Coke's outrage was unfounded, much like Disney's will turn out to be.
Non of us know the insider investor discusions. I suspect that they are aware of internal information that we are not. I think THIS is why they are making moves that many people here find shocking.
Again, this is just speculation and guesswork by ALL of us here. Disney will publically say that everything is going great and wonderfull. Even when we know its not. Disney spins information really REALLY hard. Look at the Galactic StarCruiser hotel? Disney pretends to the public that its an enormously popular and sucessful masterpeice...but most of us know that's FAR from the case.
I would suspect that Disney is in far deeper financial trouble than the public knows and investors want to change that fast.
Well?...perhaps Im 100% wrong and Disney is doing amazing and all this Chapek vs Iger vs Board vs Shareholders vs woke vs politics vs profit/loss vs customer opinion talk...is just all fake news.
But I dont think so.
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Some wanted Chapek out because of the tiff with DeSantis. Turns out that's not going to happen.
Sirwalterraleigh
Premium Member
We’re getting close to the danger zone here, Maverick…
But I think you might be upside down on the take here
Sirwalterraleigh
Premium Member
But not because of that at all
Sirwalterraleigh
Premium Member
I was with you right up till the end.
There is no “fake news”
There is truth/fact and bull. Easy categories
mikejs78
Well-Known Member
Not at all relevant to the discussion, and frankly against forum rules.
mikejs78
Well-Known Member
I mean, they don't seem to be having trouble filling rooms..
They are public company. Their financials are public information. There's no speculation here, they are actually not in financial trouble at all. The issues involved are more due to concerns about future earnings.
Yeah, I think you're 100% wrong.
Wow!...lol..."100%" wrong? Not even 10% right? Not even 1% right?
Ok...we know where you are on the Disney apologist spectrum. That's cool. I'm not knocking it. There are certainly good folks that defend Disney's problems 100% right to all possible human limits. To each their own. ;-)