News Chapek FIRED, Iger New CEO

[kong1802]

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

And when using this bucket, you pay full price for a refill.......

 

[UNCgolf]

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.

If he's mandated to cut costs from above, there's only so many things a person can do. Terminations are almost inevitable in that scenario. It's not like he's gleefully firing people left and right because he enjoys it (I mean, I guess he could be, but that seems unlikely).

 

[ptaylor]

If he's mandated to cut costs from above, there's only so many things a person can do. Terminations are almost inevitable in that scenario. It's not like he's gleefully firing people left and right because he enjoys it (I mean, I guess he could be, but that seems unlikely).

Of course. I was just trying to point out that a smiling Instagram pic is easy. The reality of the job is different.

 

[Lilofan]

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.

That's why he gets paid the top salary. He's there to make difficult decisions to include lay-offs.

 

[Lilofan]

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.

In regards to layoffs at MK, was it salaried cast members?

 

[ptaylor]

In regards to layoffs at MK, was it salaried cast members?

yes

 

[Missing20K]

The three on the left.

EDIT: It's seemingly impossible to find a google image of Iger and Chapek with no one else in frame.

One down, two to go.

 

[wdwmagic]

Bob Chapek comments on new leader for Parks and Resorts and other tidbits

Bob Chapek comments on new leader for Parks and Resorts and other tidbits

Former Bob Iger and new CEO Bob Chapek took part in a a joint Disney Leadership Town Hall yesterday.

www.wdwmagic.com

 

[BigThunderMatt]

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

That's been rumored for a long time but it's far too late now for any kind of serious 2020 run to be anything more than a write-in. You may see him pop up in 2024 though.

 

[WEDway Inc & Company LLC]

That's been rumored for a long time but it's far too late now for any kind of serious 2020 run to be anything more than a write-in. You may see him pop up in 2024 though.

He could run as an independent, but even then it's a long shot.

 

[DDLand]

Bob Chapek comments on new leader for Parks and Resorts and other tidbits

Bob Chapek comments on new leader for Parks and Resorts and other tidbits

Former Bob Iger and new CEO Bob Chapek took part in a a joint Disney Leadership Town Hall yesterday.

www.wdwmagic.com

“The pair were asked about any disagreements they had together, and Iger remarked they had a "debate" about the renaming of California Screamin' at Disney California Adventure. Iger ultimately conceded to Chapek and the coaster became the Incredicoaster.”

Oh crap, we’re screwed. Haha when an IP project is too much for Iger, you know Chapek has transcended to a new plane of existence.

 

[Lilofan]

“The pair were asked about any disagreements they had together, and Iger remarked they had a "debate" about the renaming of California Screamin' at Disney California Adventure. Iger ultimately conceded to Chapek and the coaster became the Incredicoaster.”

Oh crap, we’re screwed. Haha when an IP project is too much for Iger, you know Chapek has transcended to a new plane of existence.

Bob and Bob had to make up a story, Do you like it black or brown....Let's flip a coin..

 

[Brer Oswald]

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.

I wonder who made that call? Perhaps the new CEO? Or maybe the old one?

 

[Lilofan]

I wonder who made that call? Perhaps the new CEO? Or maybe the old one?

The longer the Asia parks are closed, the more the numbers need to be squeezed and company restructuring probably continues.

 

[Brer Oswald]

The longer the Asia parks are closed, the more the numbers need to be squeezed and company restructuring probably continues.

Wasn’t the point of what I was saying.

 

[el_super]

The longer the Asia parks are closed, the more the numbers need to be squeezed and company restructuring probably continues.

That's not how it works.

 

[donsullivan]

I wonder who made that call? Perhaps the new CEO? Or maybe the old one?

Any call on a specific individual or roles isn‘t going to be made at the Chapek level-that’s ridiculous to suggest. While the Asian parks are closed and generating no revenue, they still have huge fixed expenses that need to be paid for each month. Like every corporation, they went into the year with operating targets each division needs to achieve and achieving those targets is how the managements performance is measured. With the reduced revenue from Asia, these targets are likely being adjusted to compensate. It is then up to the management teams throughout the business to determine how to achieve those modified goals. This is how every large business in the world runs.

That's not how it works.

Actually, that is how it works. DPEP as a division of the company has performance objectives they have to hit each year. Due to lost revenue in Asia, as well as the continued fixed expenses that do not go away when you ‘close’ the parks, all other units in the division will ABSOLUTELY be required to contribute to trying to pick up the slack.

 

[lazyboy97o]

Nothing says you are a true creative like “I couldn’t come up with something better than the Incredicoaster.”

 

[Brer Oswald]

Any call on a specific individual or roles isn‘t going to be made at the Chapek level-that’s ridiculous to suggest. While the Asian parks are closed and generating no revenue, they still have huge fixed expenses that need to be paid for each month. Like every corporation, they went into the year with operating targets each division needs to achieve and achieving those targets is how the managements performance is measured. With the reduced revenue from Asia, these targets are likely being adjusted to compensate. It is then up to the management teams throughout the business to determine how to achieve those modified goals. This is how every large business in the world runs.


Actually, that is how it works. DPEP as a division of the company has performance objectives they have to hit each year. Due to lost revenue in Asia, as well as the continued fixed expenses that do not go away when you ‘close’ the parks, all other units in the division will ABSOLUTELY be required to contribute to trying to pick up the slack.

Mass cuts in the parks would have definitely been made by someone in Chapek’s former position, of which he was in when the cuts were made. I’m not trying to slam him, but there’s no reason to drag D’Amaro into the dirt.

 

[el_super]

Actually, that is how it works.

No. It's not.

DPEP as a division of the company has performance objectives they have to hit each year. Due to lost revenue in Asia, as well as the continued fixed expenses that do not go away when you ‘close’ the parks, all other units in the division will ABSOLUTELY be required to contribute to trying to pick up the slack.

Nope. The international parks, because they are jointly owned by other outside companies, are reported separately from the DPEP domestic product. Disney has already called out that they are going to lose money because of the closures. They cant hide or make up those losses by making the rest of the division pick up the slack. That's not how it works.

On the flip side, the parks have to perform well regardless of what happens internationally. If there were areas domestically that needed to be cut, they would have to be cut whether the asian parks were open or not. It would be extremely bad business to keep useless expenditures just because you were making some money in Shanghai.