Chapek going to be "fired"?

[PattyBell]

"Where have you gone, Roy and Stanley Gold, the park fans turn their broke-*** eyes to you... woo woo woo..."

If large institutional shareholders start to grumble, or a large activist shareholder starts to talk, then we'll have something. If this week's Q1 numbers falter or D+ subs stumble again (I don't think they're going to have 7 million net new subs for D+, but that's just me), you could start to hear more rumblings. Until at least one of those things happens, there's no smoke here. Those are the only things that will get noticed by the board. Ok, maybe if there was an organized, concerted effort to cancel vacations and not spend vacation dollars at WDW and elsewhere, that could get noticed too, but that's a long game and so many pixie dusters keep handing over their credit cards to the Mouse.

I thought about that rsrs..... a Disney Strike. But the parks are so full lately....

 

[JoeCamel]

I don't think a grassroots movement will move the needle, too many institutional holders and revolt is bad for price..
There are general doubts in crappie as heard on Bloomberg this morning Tom Keene said the future profitability of the company is in doubt without opening new business. The street is watching Bob and little doubt he gets non renewed

 

[Sir_Cliff]

Even if successful, which they almost certainly won't be, they would only be able to remove him from the board of directors. They wouldn't be able to remove him as CEO.

Context: https://nypost.com/2022/02/07/outraged-disney-shareholders-want-ceo-bob-chapek-voted-out/

Stories that amount to "there's a Reddit thread about..." or "some random people tweeted..." are about the most annoying type of 'journalism' that exists these days.

 

[G00fyDad]

As long as Chapek keeps ripping us off and making the BoD a truckload of $$$$$$ then he will be staying.

 

[Nottamus]

I read somewhere that his contract was up for renewal in 2023- so this could be step in that direction to not renew? And replace?

One can only dream. Then get ready for the next person to complain about!

whoohoo!

 

[HauntedPirate]

As long as Chapek keeps ripping us off and making the BoD a truckload of $$$$$$ then he will be staying.

Stock price is down 23% YoY. That doesn't exactly cool ones seat. A disappointing Q1 and that seat gets even warmer.

 

[Model3 McQueen]

Stock price is down 23% YoY. That doesn't exactly cool ones seat. A disappointing Q1 and that seat gets even warmer.

You ever notice that when analysts talk about how bullish they are about Disney, they highlight the streaming services more so than the theme parks?

 

[Vegas Disney Fan]

As long as Chapek keeps ripping us off and making the BoD a truckload of $$$$$$ then he will be staying.

I believe the corporate terms are maximizing profits while minimizing costs but otherwise I agree.

If/when he gets let go it’ll be because a couple major shareholders (the conglomerates that hold tens of millions of shares) are upset, not us (the Disney fans who hold a couple shares each).

The stock price and the future projections determine Bobs fate, not us.

 

[Kamikaze]

You ever notice that when analysts talk about how bullish they are about Disney, they highlight the streaming services more so than the theme parks?

Yes because streaming is the 'hot' thing.

Parks are reliable income (not withstanding) but the newest and coolest always what analysts focus on. Plus - recurring monthly revenue is always good.

 

[Kamikaze]

I believe the corporate terms are maximizing profits while minimizing costs but otherwise I agree.

If/when he gets let go it’ll be because a couple major shareholders (the conglomerates that hold tens of millions of shares) are upset, not us (the Disney fans who hold a couple shares each).

The stock price and the future projections determine Bobs fate, not us.

He doesn't have to get fired, just not renewed. Big difference, and more likely.

But it 100% depends on stock price. If it doesn't at least start to rebound by the summer he's done.

 

[Sirwalterraleigh]

So this where all the all the park fan angst has been hiding, huh??

 

[Sirwalterraleigh]

You mean when Roy E Disney, helped by Comcast, ran a successful smear campaign that people still believe to this day? Oh, I remember.

On that similar note: Thats Iger's reign - went from a hostile Comcast takeover bid to $DIS was when COVID started, and quite simply which do you think is the better positioned company now? Comcast or TWDC?

Hate on these ex-CEOs all you want, but neither of them get a fair shake for the good they did.

50% agree

I believe the corporate terms are maximizing profits while minimizing costs but otherwise I agree.

If/when he gets let go it’ll be because a couple major shareholders (the conglomerates that hold tens of millions of shares) are upset, not us (the Disney fans who hold a couple shares each).

The stock price and the future projections determine Bobs fate, not us.

correct…sucks, doesn’t it??

He doesn't have to get fired, just not renewed. Big difference, and more likely.

But it 100% depends on stock price. If it doesn't at least start to rebound by the summer he's done.

That’s not happening

 

[CastAStone]

He doesn't have to get fired, just not renewed. Big difference, and more likely.

If he’s not renewed that’s firing him. They won’t wait until his last day to be like “we’re not renewing you!” because he’s not an idiot, and they won’t want him work there after the tell him they’re dumping him. So, in the hypothetical scenario where they separate, they’ll fire him.

 

[CastAStone]

50% agree


correct…sucks, doesn’t it??


That’s not happening

The odds here fired by summer are zero barring a scandal but I think the odds he’s fired this year are higher than that, if the line on him not being the CEO on 12/31/22 was +1000 I’d take that bet.

 

[Sirwalterraleigh]

The odds here fired by summer are zero barring a scandal but I think the odds he’s fired this year are higher than that, if the line on him not being the CEO on 12/31/22 was +1000 I’d take that bet.

Completely disagree as it stands now.

and to be clear: he’s completely awful…in over his head…and it won’t end well.

but I still disagree.

 

[Goofyernmost]

If we are all so smart about running a massive company like Disney, why aren't we all picking out below deck patterns for our yachts and a deposit on an island in the Caribbean?

 

[Sirwalterraleigh]

If we are all so smart about running a massive company like Disney, why aren't we all picking out below deck patterns for our yachts and a deposit on an island in the Caribbean?

That’s on Sunday, silly

 

[Vegas Disney Fan]

If we are all so smart about running a massive company like Disney, why aren't we all picking out below deck patterns for our yachts and a deposit on an island in the Caribbean?

I always think this when people say CEOs are overpaid, many undoubtedly are but they are part of a very small club of people who have the knowledge and experience to run massive organizations with hundreds of thousands of employees, billions in revenues, the ability to deal with the board, the stock, etc… that comes with a good paycheck.

Similar to how pro coaches get fired and then instantly hired by another team, despite failing and being fired they are still part of such a small group of people with the experience to run a pro team that someone usually picks them up.

 

[Lilofan]

I always think this when people say CEOs are overpaid, many undoubtedly are but they are part of a very small club of people who have the knowledge and experience to run massive organizations with hundreds of thousands of employees, billions in revenues, the ability to deal with the board, the stock, etc… that comes with a good paycheck.

Similar to how pro coaches get fired and then instantly hired by another team, despite failing and being fired they are still part of such a small group of people with the experience to run a pro team that someone usually picks them up.

One difference in pro coaches, during season work average 14- 16 hour days, 7 days a week. Not many can be dedicated to do that.

 

[Vegas Disney Fan]

One difference in pro coaches, during season work average 14- 16 hour days, 7 days a week. Not many can be dedicated to do that.

CEOs work long hours too, running a global company means conference calls and putting out fires at all hours of the day.

Maybe not quite as many hours as a head coach but it’s way more than 40. My Director once told me to be careful what I wished for in management because with every promotion came more headaches and more hours. He said as a supervisor he worked about 45, as a manager he averaged 50, as a General manager he averaged 55; and as a Director he averages over 60 hour weeks. It was enough to change my future with the company, as I get older I want more time to travel and enjoy life, not less. Lol.