News Chapek FIRED, Iger New CEO

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Lilofan

Well-Known Member
bryanfze55 said:
The issue with current leadership isn’t that they can’t build good rides - they obviously can - but that they can’t build good theme park lands as a whole without a creative visionary driving it (Lasseter, Cameron, etc.). Compared to the legacy castle park lands or hell, even World Showcase, there’s no “there” there with these new lands. Galaxy’s Edge, Toy Story Land, Pixar Pier, Avengers Campus… none of these are places I enjoy hanging out. They’re just places to run from ride to ride without ever really having a sense of place. Compare that to Adventureland, where I could sit and people watch with a Dole Whip and feel perfectly entertained.

Part of me thinks that the leadership isn’t inherently anti-park (they are definitely spending money on rides - half a billion to make what is effectively a new, IP-based Space Mountain for crying out loud)… it’s just that they fundamentally misunderstand themed entertainment and what fans want. I’d bet these non-creative MBAs think fans genuinely want to play video games in Avengers Campus. And hey, maybe they do… maybe we’re the idiots…
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Lassiter was a visionary but his demons of alcoholism and sexual harassment was his downfall
 
bryanfze55

bryanfze55

Well-Known Member
Lilofan said:
Some consumers fuel the US economy with a slaves to debt mindset. I would think living above your means and not have a plan to pay off the debt is somewhat of an idiot mentality.
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The median credit card debt for households in the 40th-60th income percentile is $2,400… not taking many Disney trips with that. The vast majority of people aren’t putting Disney trips on a credit card. They may not be saving enough for retirement or paying down their student loans or auto loan, but that’s a different level of irresponsibility than financing a $10K vacation at 20% interest.
 
ElvisMickey

ElvisMickey

Well-Known Member
bryanfze55 said:
The median credit card debt for households in the 40th-60th income percentile is $2,400… not taking many Disney trips with that. The vast majority of people aren’t putting Disney trips on a credit card. They may not be saving enough for retirement or paying down their student loans or auto loan, but that’s a different level of irresponsibility than financing a $10K vacation at 20% interest.
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When you look at half the people walking around the parks, you wonder how they aren’t in jail, let alone a WDW vacation…
 
Parker in NYC

Parker in NYC

Well-Known Member
Cliff said:
I suspect Wall Street sees the mess that Disney is in right now and has put itself in since the 70 Billion dollar purchase of Fox and the chickens are comming hone to roost now. That 20th Century Fox deal might have been a massive mistake.

Disney has always enjoyed a powerfull brand halo over its life. Its always been such a positive brand in the consumers eyes. Today, I think that halo is fading fast.

I think that with Disney wading deeply into to politics and social issues have caused unnecessary problems with its public image too. I think that the Board and investors want to try and reverse these problems?
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Oh gee. Supporting humanity is a problem.
 
bryanfze55

bryanfze55

Well-Known Member
ElvisMickey said:
When you look at half the people walking around the parks, you wonder how they aren’t in jail, let alone a WDW vacation…
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I agree, but looks are deceiving. A lot of blue collar guys make a very good income but look they belong in jail. And of course, many are just making poor financial decisions - but not necessarily. People make choices, and some people spend more on travel or experiences than stuff. I know if I had the level of car and size of house that many of my friends have, it’d be a stretch. But I have a 1400sqft house and a 2010 Ford Fusion. Choices. I’m not saying I’m a genius, because I got lucky to buy a house when prices were a lot lower. But I’ve avoided upsizing, which is something I can’t say for a lot of my peers.
 
ElvisMickey

ElvisMickey

Well-Known Member
bryanfze55 said:
I agree, but looks are deceiving. A lot of blue collar guys make a very good income but look they belong in jail. And of course, many are just making poor financial decisions - but not necessarily. People make choices, and some people spend more on travel or experiences than stuff. I know if I had the level of car and size of house that many of my friends have, it’d be a stretch. But I have a 1400sqft house and a 2010 Ford Fusion. Choices.
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I agree as well! I’m just being a wise *ss. But still lol…
 
el_super

el_super

Well-Known Member
bryanfze55 said:
Plenty of companies wade into political and social issues without alienating both sides… Nike comes to mind. Chapek is uniquely awful in that he ****ed off both sides equally.
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He did and he apologized. Maybe even learned from his mistake. He came back fully in support of Cast Members and that was absolutely the right decision.

Obviously it's hard to tease out how much responsibility Zenia had, and how much of the current PR issues were caused by her leaving, and not necessarily by Chapek directly. The board probably has a much better idea though, and that could certainly explain part of their support for Chapek.
 
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yensid1967

Well-Known Member
WHY? Just WHY? Granted he got the parks opened back up, but any CEO could have done that! The only thing guests see Chapek as, is the guy that keeps raising prices! THAT'S why some are not happy with him. I am happy the parks reopened, but it's not miraculous! Anybody could have done it, raising prices to something that is ALMOST out of reach is what I don't like and think that the higher prices and smaller portions, the lack of entertainment, etc, etc, etc. will be the downfall of Disney...then let's extend his contract again!
 
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Lilofan

Well-Known Member
bryanfze55 said:
Plenty of companies wade into political and social issues without alienating both sides… Nike comes to mind. Chapek is uniquely awful in that he ****ed off both sides equally.
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Looks like the fall guy in the PR debacle was Peter Rice who was lost his job after only 4 months with TWDC and his new replacement is someone Rice hired.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Lilofan said:
Looks like the fall guy in the PR debacle was Peter Rice who was lost his job after only 4 months with TWDC and his new replacement is someone Rice hired.
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No…they fired the PR guy months ago. That was the fall guy.

It’s clear Peter Rice was seen as a threat by Slappo to someone in his inner circle.

Look at the timing…doesn’t it look like he asked - and was granted - to fire rice when this extension was agreed upon?

No coincidence there.
 
eliza61nyc

eliza61nyc

Well-Known Member
yensid1967 said:
WHY? Just WHY? Granted he got the parks opened back up, but any CEO could have done that! The only thing guests see Chapek as, is the guy that keeps raising prices! THAT'S why some are not happy with him. I am happy the parks reopened, but it's not miraculous! Anybody could have done it, raising prices to something that is ALMOST out of reach is what I don't like and think that the higher prices and smaller portions, the lack of entertainment, etc, etc, etc. will be the downfall of Disney...then let's extend his contract again!
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Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses — from parks to streaming — not only weathered the storm, but emerged in a position of strength," Disney board chair Susan Arnold said in a statement Tuesday. "In this important time of growth and transformation, the Board is committed to keeping Disney on the successful path it is on today, and Bob's leadership is key to achieving that goal."

Official reason why they kept him. The lack of entertainment in the parks is a not a big concern in the grand scheme of Disneydom. According to investopia Disney's media and entertainment division makes almost 3X's the revenue that it's theme park division does ~50 billion vs 16 billion. Although parks is killing it in the profits department, so those high prices ares generating profits.
 
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CaptainAmerica

CaptainAmerica

Premium Member
bryanfze55 said:
Plenty of companies wade into political and social issues without alienating both sides… Nike comes to mind. Chapek is uniquely awful in that he ****ed off both sides equally.
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It takes a lot of work to have half the country think you're a corrupt GOP megadonor in the pocket of Ron DeSantis and the other half think you're the shadow leader of a progressive cult trying to turn all the kids trans.
 
L

Lilofan

Well-Known Member
Sirwalterraleigh said:
No…they fired the PR guy months ago. That was the fall guy.

It’s clear Peter Rice was seen as a threat by Slappo to someone in his inner circle.

Look at the timing…doesn’t it look like he asked - and was granted - to fire rice when this extension was agreed upon?

No coincidence there.
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Sorry wrong guy. Yes Peter Rice Was deemed a threat to others and Chapek got rid of the issue.
 

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