News Chapek FIRED, Iger New CEO

MagicHappens1971

MagicHappens1971

Well-Known Member
Vegas Disney Fan said:
72 according to google, and worth $350 million…

I can’t understand why he’s still working, I’d be traveling the world and enjoying my retirement years.

I’ll never understand the desire for power, seems like half the politicians, CEOs, executives, etc are all 70+ and have tens of millions of dollars… I realize their drive is what makes a lot of them successful in the first place but what’s the point of success if you never get to relax and enjoy it.
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I agree. I can’t see doing all that work and not getting a chance to relax.
 
Figgy1

Figgy1

Well-Known Member
Vegas Disney Fan said:
72 according to google, and worth $350 million…

I can’t understand why he’s still working, I’d be traveling the world and enjoying my retirement years.

I’ll never understand the desire for power, seems like half the politicians, CEOs, executives, etc are all 70+ and have tens of millions of dollars… I realize their drive is what makes a lot of them successful in the first place but what’s the point of success if you never get to relax and enjoy it.
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It absolutely could be that or some people just need to work. My grandfather worked well into his 80s or he would have gone nuts. He tried retiring and moved to Miami, he lasted maybe 6 months before returning and finding a job
 
Nubs70

Nubs70

Well-Known Member
Vegas Disney Fan said:
72 according to google, and worth $350 million…

I can’t understand why he’s still working, I’d be traveling the world and enjoying my retirement years.

I’ll never understand the desire for power, seems like half the politicians, CEOs, executives, etc are all 70+ and have tens of millions of dollars… I realize their drive is what makes a lot of them successful in the first place but what’s the point of success if you never get to relax and enjoy it.
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Ego don't travel
 
L

Lilofan

Well-Known Member
MagicHappens1971 said:
I agree. I can’t see doing all that work and not getting a chance to relax.
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Iger is driven. I read he wakes up at 430am, his physical trainer arrives at his house to train Iger in his home gym daily. I still recall one fellow staff member who loved to work and enjoyed the relationships at work. She retired then passed away within 6 months of retirement. Iger could donate some of his millions and a few buildings and scholarships would be named after him.
 
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MerlinTheGoat

MerlinTheGoat

Well-Known Member
Disney Analyst said:
This seems likely to me, can't imagine they feel in a place to have a new CEO take the lead yet.






Anyone heard anything? Or too early to speculate?
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I'm not really a verifiable source, but this is probably accurate. I'd be surprised if it's not. As of a few months ago, I was told Iger had no interest or intention of leaving again. Like ever apparently, unless another Covid-like event happens to cause the rat to jump ship again.

That said, this WAS prior to a string of recent financial flops in their film and streaming (as well as major problems at the parks too). I was also told that there's a LOT of doubt in his ability to right the ship, even from very high up. Doubt that didn't exist nearly as much prior to Chapek. But that doesn't really matter if the board are still too paralyzed with fear to experiment and look for someone outside the company. If there are only two things Iger has shown himself to be good at, it's finding ways to offset punishment for his own failures onto other people, and to wipe out potential threats to his position. He took out yet another supposed "successor" last month (despite her reportedly helping him organize the coup against Chapek). It's extremely apparent that he doesn't want to concede power to anyone, and the board thus far just seems to rubber stamp his contract extensions without any real thought or hesitation (outside of perhaps a bit of quiet impotent grumbling from people who will still let it happen anyway).

He's still going to spend the next five years or so blaming Chapek for everything that goes poorly for him as well. Even for nonsense that Chapek has nothing to do with. The board will probably keep tolerating it, maybe forever.
 
GhostHost1000

GhostHost1000

Premium Member
Lilofan said:
Iger is driven. I read he wakes up at 430am, his physical trainer arrives at his house to train Iger in his home gym daily. I still recall one fellow staff member who loved to work and enjoyed the relationships at work. She retired then passed away within 6 months of retirement. Iger could donate some of his millions and a few buildings and scholarships would be named after him.
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Iger is so driven he’s driving the company into the ground more each day
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Vegas Disney Fan said:
72 according to google, and worth $350 million…

I can’t understand why he’s still working, I’d be traveling the world and enjoying my retirement years.

I’ll never understand the desire for power, seems like half the politicians, CEOs, executives, etc are all 70+ and have tens of millions of dollars… I realize their drive is what makes a lot of them successful in the first place but what’s the point of success if you never get to relax and enjoy it.
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I think you hit it right here. This archetypes entire self-worth is tied to power.

As far as big time Bobby goes…he quit like a coward, was almost immediately forgotten in the business world, and hated it.

So he’s on kinda an ego “vendetta”.

The only way he leaves is if he’s removed or pushed out the door. And it’s past time.

Really just the repeat of Eisner with a far less creative person…and a much bigger chip on his shoulder.
 
JoeCamel

JoeCamel

Well-Known Member
Sirwalterraleigh said:
I think you hit it right here. This archetypes entire self-worth is tied to power.

As far as big time Bobby goes…he quit like a coward, was almost immediately forgotten in the business world, and hated it.

So he’s on kinda an ego “vendetta”.

The only way he leaves is if he’s removed or pushed out the door. And it’s past time.

Really just the repeat of Eisner with a far less creative person…and a much bigger chip on his shoulder.
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I think it is the power to shape what his legacy will be is his motivation. His ego won't allow letting someone else be in charge of the reins
 
Br0ckford

Br0ckford

Premium Member
JoeCamel said:
I think it is the power to shape what his legacy will be is his motivation. His ego won't allow letting someone else be in charge of the reins
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The president of my company filled in as director for 18 months in my region as we searched for a new director. He spent 18 months as fill in. He did ok, but is not a good leader and kept things just moving along. We hired a new director and he has been great for morale as well as Financials. The president can't stand it and constantly brings up how he set everything up. Any small slip up he says we'll I guess I need to jump in again. He's the Iger of our company. I truly believe he can't stand the thought of the ship being righted by someone else.
 
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Lilofan

Well-Known Member
Br0ckford said:
The president of my company filled in as director for 18 months in my region as we searched for a new director. He spent 18 months as fill in. He did ok, but is not a good leader and kept things just moving along. We hired a new director and he has been great for morale as well as Financials. The president can't stand it and constantly brings up how he set everything up. Any small slip up he says we'll I guess I need to jump in again. He's the Iger of our company. I truly believe he can't stand the thought of the ship being righted by someone else.
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Your new director will perhaps look for greener pastures elsewhere when the president makes an uncomfortable environment for your new boss. Not many execs want to be upstaged by their direct report.
 

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