News Chapek FIRED, Iger New CEO

[Liberty6]

I was always of the impression they merged the two together to expand Chapek's 'span of control' as part of preparing him to take on the CEO role. He was already running products and then they added Parks and Experiences to his plate. While it would not happen right away, he could certainly choose to change that depending on the people they find to backfill the role(s). The issue now is that Wall Street is used to that organizational structure when comparing quarter over quarter earnings so they just can't do it on a whim. Changing a corporate structure at that level is done slowly and very deliberately. Wall Street likes easy year over year comparison and restructuring would need to be demonstrated to add value to the company to do that.

They combined the two so as to hid the exact Consumer Products numbers. Just like they rolled up Interactive Media into Consumer Products.
Makes it easier to avoid talking specifics about consumer products which is a tough industry to be successful in. The Parks have enough margin to absorb it.

 

[TrainsOfDisney]

this reads like a subtweet—is he throwing shade?

No. Check out his Instagram feed, it’s very good. He posts frequently on art, design, creation, and of course about his travels. (Both personal and professional).

 

[donsullivan]

They combined the two so as to hid the exact Consumer Products numbers. Just like they rolled up Interactive Media into Consumer Products.
Makes it easier to avoid talking specifics about consumer products which is a tough industry to be successful in. The Parks have enough margin to absorb it.

Choose your conspiracy theory. The fact remains that Wall Street is used to this structure and while it could certainly be changed, there would have to be a reason to do it, not just because some people on a Disney related web site don't like it.

 

[Sirwalterraleigh]

I suspect he’s been promoted because he doesn’t mind making hard decisions and sweeping cuts.

Travel recessions are long.

Is it ridiculous to think they might have just appointed a “Recession CEO”?

The hatchet man that is bought out and sent home on the other side?

 

[No Name]

Parks and Resorts guest facing roles is all about the Disney look. How would it look if Rohde was in charge looking like Cheech and Chong?

It’s “all about the Disney look” that frequently come under scrutiny? Questionable. Obviously you see things differently than me.

To answer your question, it would look creative. It would look like a creative company is creative. How horrible. Let’s stick to 70s dress codes.

 

[TrainsOfDisney]

It’s “all about the Disney look” that frequently come under scrutiny? Questionable. Obviously you see things differently than me.

To answer your question, it would look creative. It would look like a creative company is creative. How horrible. Let’s stick to 70s dress codes.

Disney Imagineering is not bound to the Disney look. If you hang out and talk with the imagineers at events like D23 (they staff the imagineering booth each year) you’ll see piercings, visible tattoos, and extreme hair styles.

 

[toolsnspools]

After watching the CNBC interview, my very unqualified reading between the lines:

At the quarterly earnings meeting...
Iger: I need to see the Q1 numbers for closing 2 parks and gutting EPCOT.
Chapek: We're down about a $1 Billion. Maybe $1.5B.
Iger: Guess who's in charge now?

At the interview...
Iger: I'm so happy I left this company in great shape. Who knows what will happen now, but I left it in great shape.
Chapek: There is SOOOO much of Iger's legacy in place, that we'll just ride his momentum until something major comes up. I'll only make changes if I absolutely have to.
Iger: My leaving is DEFINITELY NOT connected to an impending nose-dive in stock prices. ABSOLUTELY NOT.

 

[WowFactor]

Why do we have two similar threads about this topic? Can we merge it?

News - Bob Iger Steps Down - Bob Chapek CEO

Well, here we go folks.

forums.wdwmagic.com

 

[A Noble Fish]

Yes. See: Spider-Man, Black Panther, Captain Marvel all $1B+ films



See: The Mandalorian

It will obviously still exist and be something a lot of people will go to still, but it will not be possible to replicate the unearthly success of Endgame. Captain Marvel was more one-off since it was the precursor to Endgame. A sequel could still make 600M (timing, quality, marketing make sure there are too many variables to certainly predict), and I think that's a more realistic target for most of these films going forward.

An Avengers vs. X-Men film could make 1.5B if it's really good as Guardians 3, Black Panther 2, and Spider-man 3 could all be billion-dollar films, but Disney+ will have to make up the slack since the film studio will never have a better year than 2019 until inflation changes that. That's just the nature of the business and you can't hold that against a movie company. Fox should be more successful over time, so with Disney lowering to more realistic levels and Fox doing the same, they will be fine.

Star Wars won't hit 2B again in the box office because TFA was a culmination of multiple generations with a promise of a solid film, but the quality of some of the next films destroyed a lot of trust that the franchise could never be anything more than the prequels. A new film could hit 1.5B+ if there are multiple great films leading up to it, like say, Batman Begins, and then the legendary Dark Knight, but it will take more than Mandalorian. Mandalorian just shows that the franchise has reach outside of the films since it is such a part of pop-culture, which makes Star Wars still very valuable. Yet, quality is what's key here.

Disney is not dead and has no chance of it. This is just a 1-2 year adjustment period the company is going through. Longterm it's still a buy, but smart trading can get more out of it.

 

[Disnutz311]

Chapek has got a 3 year contract as CEO to prove himself unless he gets canned or leaves the company to spend more time with his family. But he will still leave Disney a very rich man.

So what you are really saying is we have 3 years or less to get rid of him somehow...
Grass roots complaint campaign and stock dump??
Let's do this in 3 months!!!

 

[shernernum]

I’d be spending more time with family within six months.

But with a golden parachute. Not a bad deal.

 

[Walt d]

I’m sick.

View attachment 451850

Bob Chapek named Chief Executive Officer of The Walt Disney Company

The most recent President of Disney Parks assumes the top job at the Walt Disney Company.

www.wdwmagic.com

Mmm, im happy” good by bobby,

 

[Phil12]

Mmm, im happy” good by bobby,

And hello Bobby!

 

[yensidtlaw1969]

I’d be spending more time with family within six months.

But what a glorious five months it would be.

 

[Epcot82Guy]

But what a glorious five months it would be.

It would be more futuristic, more inspiring, more everyone, more Disney World.

 

[Sirwalterraleigh]

It occurs to me: now they can just go ahead and make the new mousegear an actual target!!

Outsourcing employees and increasing sweatshop supply...I It

 

[Nubs70]

It occurs to me: now they can just go ahead and make the new mousegear an actual target!!

Outsourcing employees and increasing sweatshop supply...I ❤ It

Replace MouseGear with a set of kiosks from which you.can order any customized item you want. No employees , no inventory, mass customization

Better yet make a MouseGear App. No employees, no inventory, mass customization, no building, no upkeep.

 

[THEMEPARKPIONEER]

Now I’m scared, I hope this clown isn’t running for president. I’d much rather have him run Disney than my life.

 

[ptaylor]

Josh D'Amaro would make such a great parks CEO—look at his passion and leadership style
FOR THE LOVE OF THE MOUSE please don't put another bean counter in charge

All smiles eating ice cream, then signing off on terminating dozens of Cast Members at the Magic Kingdom as part of cost cutting measures last week. Don't be fooled.

 

[Dragonman]

Icing on the cake would be a Chapek popcorn bucket of his head.