Chapek going to be "fired"?

[Hakunamatata]

When you get to the level of CEO you are being compensated for the impact that job has on your personal life. I dont care for Paychec but I wouldn't want his job.

 

[Lilofan]

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.

No doubt at times higher pay, responsibility is more hours and that does not even include travel. Family and friends live and work on East Coast, at times spend week in CA, meetings all day, followed by business dinners , and the toughest part is catching the redeye back to NYC, and Uber straight to office in AM. A few also live in studio/ 1 bed apts near office to cut down on commute , work 70-90 hrs a week , Mon-Fri/Sat , Sat Sun if time allows goes to visit wife and kids in primary home. ( ie select Wall Street roles ). Very highly compensated especially when achieving bonuses but very limited time to themselves.

 

[Vegas Disney Fan]

Judging by todays earnings report I don’t think Chapeks at any risk unless the stock price starts to plummet.

 

[ArmoredRodent]

Judging by todays earnings report I don’t think Chapeks at any risk unless the stock price starts to plummet.

Which it didn't:

Disney stock soars after record theme-park profit and streaming success produce record revenue

The Walt Disney Co. blew away expectations for the holiday season, producing a record revenue total and more than $1 billion in profit by adding more...

www.marketwatch.com

 

[Tom Morrow]

I'd like to hear some of the insiders here weigh in on this. The guy's smugness rubbed me the wrong way.

 

[Lilofan]

Judging by todays earnings report I don’t think Chapeks at any risk unless the stock price starts to plummet.

I get that a number want Chapek out, but if the company continues to beat earnings Wall Street expectations, he will not be leaving anytime soon.

 

[Goofyernmost]

I'd like to hear some of the insiders here weigh in on this. The guy's smugness rubbed me the wrong way.

Not an insider but I heard or saw no "smugness" in what he was saying. It's sad that we are in a time when society puts a negative spin on reality. He was saying that WE are the reason things are the way they are. We are blindly looking at only one thing and ignoring every other possibility because of some conditioned blindness. What this guy did do was say things that went against the personal thoughts of individuals that feel that just making noises will change things to what they want.

He was right in that we have only one weapon and that is our wallet. If we don't use that weapon we will spend the rest of time complaining instead of enjoying. With that said, as a person of age (I'm old) I can expertly tell you that life is very short and that all you have to do is turn around and all of a sudden the end is getting closer then you ever would have dreamed. Don't waste it thinking that stating your opinion will make life fall into line with our personal wishes, get out explore options. You will be pleasantly surprised at what you will find out there that doesn't have a mouse face attached. Only if you're willing to exercise the same suspension of disbelief that you use at Disney.

 

[DfromATX]

He is a very unpopular guy and I certainly don't care for him, but even if he was fired, which I doubt would happen, would it matter? The next one in line probably would be the same or even worse.

 

[DfromATX]

Not an insider but I heard or saw no "smugness" in what he was saying. It's sad that we are in a time when society puts a negative spin on reality. He was saying that WE are the reason things are the way they are. We are blindly looking at only one thing and ignoring every other possibility because of some conditioned blindness. What this guy did do was say things that went against the personal thoughts of individuals that feel that just making noises will change things to what they want.

He was right in that we have only one weapon and that is our wallet. If we don't use that weapon we will spend the rest of time complaining instead of enjoying. With that said, as a person of age (I'm old) I can expertly tell you that life is very short and that all you have to do is turn around and all of a sudden the end is getting closer then you ever would have dreamed. Don't waste it thinking that stating your opinion will make life fall into line with our personal wishes, get out explore options. You will be pleasantly surprised at what you will find out there that doesn't have a mouse face attached. Only if you're willing to exercise the same suspension of disbelief that you use at Disney.

I don't know who that person in the video was, but I thought he had a lot of good points. I also agree, we can vote with our wallets.

 

[Mindy55]

I received my shareholder email on Saturday and promptly voted against Chapek. That made me feel better...

Hopefully, a large percentage of negative votes will reenforce with Disney that he needs to go.

Me too!!

 

[Andriadisney]

I received my shareholder email on Saturday and promptly voted against Chapek. That made me feel better...

Hopefully, a large percentage of negative votes will reenforce with Disney that he needs to go.

Same

 

[Oddysey]

He is a very unpopular guy and I certainly don't care for him, but even if he was fired, which I doubt would happen, would it matter? The next one in line probably would be the same or even worse.

Well if the trend continues history would point to your intuition being correct in that the next in line would likely be worse.

 

[DfromATX]

Well if the trend continues history would point to your intuition being correct in that the next in line would likely be worse.

You know the saying "Be careful what you wish for." As far as I'm concerned, it's all of them (Disney executives), not just him. They should be ashamed of themselves. It's been in the news enough, they know how people - Disney fans - feel about what's been going on. They just don't care.

 

[Pickles516]

Based off the recent earnings call, I wouldn’t bet on him getting the axe any time soon.

 

[JIMINYCR]

He is a very unpopular guy and I certainly don't care for him, but even if he was fired, which I doubt would happen, would it matter? The next one in line probably would be the same or even worse.

Even if Chapek would get fired, (and the chances of that happening is close to nil ) the person replacing him isnt going to change things back to what the unhappy Dis fans want. Park tickets, cost of resort bookings, meal costs, fees for extras, will not be dropped to where they think they should be, to where things were in the 70s & 80's. There may be some minor tweaks to show the illusion that fans feelings count.... but no huge earth shattering changes in pricing will occur. some programs may be altered but not go completely away.
Any next CEO will quickly fall out of favor for how they handle the job and maybe there wont be furor as Bob C. is getting, but there will always be dissatisfaction towards anyone not Walt running Disney. And we will never get back to what we had in the 70s, 80s, 90s with any company, Disney included. The days of Walt and how Dis was run long ago will never return.

 

[Sirwalterraleigh]

Even if Chapek would get fired, (and the chances of that happening is close to nil ) the person replacing him isnt going to change things back to what the unhappy Dis fans want. Park tickets, cost of resort bookings, meal costs, fees for extras, will not be dropped to where they think they should be, to where things were in the 70s & 80's. There may be some minor tweaks to show the illusion that fans feelings count.... but no huge earth shattering changes in pricing will occur. some programs may be altered but not go completely away.
Any next CEO will quickly fall out of favor for how they handle the job and maybe there wont be furor as Bob C. is getting, but there will always be dissatisfaction towards anyone not Walt running Disney. And we will never get back to what we had in the 70s, 80s, 90s with any company, Disney included. The days of Walt and how Dis was run long ago will never return.

I don’t think anyone wants a price drop to the adjusted prices of the 70’s and 80’s…I think attention to quality and reinvestment is the thing.

not building 5th, 6th gates or $79 a night hotels.

after tron opens (which make no mistake I have no doubt the execs would hold off till 2023 if they don’t like their bookings for the rest of “the 50th” )…what’s next?

absolutely nothing for 5 years…because there’s no construction or hint of construction. We’re all whistling past that graveyard as it stands.

not good enough for cranking prices constantly.

 

[DfromATX]

Even if Chapek would get fired, (and the chances of that happening is close to nil ) the person replacing him isnt going to change things back to what the unhappy Dis fans want. Park tickets, cost of resort bookings, meal costs, fees for extras, will not be dropped to where they think they should be, to where things were in the 70s & 80's. There may be some minor tweaks to show the illusion that fans feelings count.... but no huge earth shattering changes in pricing will occur. some programs may be altered but not go completely away.
Any next CEO will quickly fall out of favor for how they handle the job and maybe there wont be furor as Bob C. is getting, but there will always be dissatisfaction towards anyone not Walt running Disney. And we will never get back to what we had in the 70s, 80s, 90s with any company, Disney included. The days of Walt and how Dis was run long ago will never return.

I agree with you, but I don't think anyone is hoping to go back to the 70's or 80's. It's the blatant money grab and the way they've been taking away all the perks that people are upset about. However, I'd be satisfied with the early 2000's.

 

[spock8113]

I remember seeing something about bovine airplanes?

 

[World_Showcase_Lover007]

I'd like to hear some of the insiders here weigh in on this. The guy's smugness rubbed me the wrong way.

I completely disagree with the smug guy. Sure, TWDC is huuuge, so Chapek doesn’t decide how much a bottle of water increases.

But as CEO, Chapek sets the culture and expectations. So even if there are 12 levels of middle management, they are still being led from the top down. If Chapek says “leave no money on the table. Show no mercy and bleed them dry,” then it’s up to middle managers to find a way to make it happen.

Producing films and the parks are the two paramount divisions of the company. Chapek is involved. The days of a hands off approach like the early days of the Eisner era are long gone.

 

[Squishy]

I completely disagree with the smug guy. Sure, TWDC is huuuge, so Chapek doesn’t decide how much a bottle of water increases.

But as CEO, Chapek sets the culture and expectations. So even if there are 12 levels of middle management, they are still being led from the top down. If Chapek says “leave no money on the table. Show no mercy and bleed them dry,” then it’s up to middle managers to find a way to make it happen.

Producing films and the parks are the two paramount divisions of the company. Chapek is involved. The days of a hands off approach like the early days of the Eisner era are long gone.

Yeah the CFO even said it herself in a recent shareholder meeting that they sat down with the parks division to figure out how to further minimize costs which then led to the better for your waistline comment. If Chapek and the CFO tell them to minimize costs/increase profits, they'll ofc listen which then leads to budget cuts and/or price increases.