Rumor Hollywood insiders say there's growing tension at Disney as CEO Bob Chapek chafes at Bob Iger's 'long goodbye'

[Lilofan]

Correct. But that doesn’t mean today’s meatheads are right. Sometimes the ideas don’t “evolve”

Stock peddlers are ultimately chasing money for nothing…because it’s not tied to company production anymore. It’s gambling and projections…which anyone can make.

But it is sure fun when your individual nest egg grows! Making sure your money is working harder than you do. I would think a number of investors are where they are at because of taking on risk to chase that reward. Even my 401K among some of my holdings are investing in TWDC long term.

 

[ImperfectPixie]

But it is sure fun when your individual nest egg grows! Making sure your money is working harder than you do. I would think a number of investors are where they are at because of taking on risk to chase that reward. Even my 401K among some of my holdings are investing in TWDC long term.

But when the rises aren't tied to production, the risk is much greater.

 

[Goofyernmost]

“Walt” was always bad with money (too risky) and would have likely bankrupted them in Florida had he not smoked 7 packs a day…

…but he did have a passion for his product…these recent guys haven’t. Iger in the sense that he’s singularly focused on his acceptance/legacy…so he at least wanted stuff on his accolades.

You know who really liked what they built/made?

Spoiler: This guy again

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What you are saying is true, however, what happened toward the end of his tenure is what he is remembered for. Sad, but true. He needed Frank Wells to keep him grounded. Without Frank his ego took over. He still needed to go at that time.

 

[Lilofan]

But when the rises aren't tied to production, the risk is much greater.

Yes, true, speculation and a lot of Wall Street razzle dazzle lingo, can make stocks rise or a lot of fear in the markets make them fall but that’s where bottom feeders with cash scoop and buy at attractive depressed prices.

 

[ImperfectPixie]

Yes, true, speculation and a lot of Wall Street razzle dazzle lingo, can make stocks rise or a lot of fear in the markets make them fall but that’s where bottom feeders with cash scoop and buy at attractive depressed prices.

It can also cost the average citizen their life savings. Or their home.

 

[Sirwalterraleigh]

What you are saying is true, however, what happened toward the end of his tenure is what he is remembered for. Sad, but true. He needed Frank Wells to keep him grounded. Without Frank his ego took over. He still needed to go at that time.

He stayed too long. You don’t throw the baby out with the bath water

He did 3x what Iger did in his first 15 years. The reason we all still flock to the swamp today is because of MDE

 

[Sirwalterraleigh]

But it is sure fun when your individual nest egg grows! Making sure your money is working harder than you do. I would think a number of investors are where they are at because of taking on risk to chase that reward. Even my 401K among some of my holdings are investing in TWDC long term.

Yeah…I get the schtick. And it’s not “working”…which is what people remember when they bought DIS at $189 right now…

It was out late drunk that day

 

[Goofyernmost]

He stayed too long. You don’t throw the baby out with the bath water

He did 3x what Iger did in his first 15 years. The reason we all still flock to the swamp today is because of MDE

What he did earlier stopped being the important part. It became what he was doing at the end. He was well compensated for his services but he was not the same personality at the end. He easily could have completely undo the good he did at the start. Don't get me wrong, I recognize the company savior that he was in the beginning, but the Disney Wars were something he was deeply involved in and that was not overall good for the company.

 

[Sirwalterraleigh]

What he did stopped being the important part. It became what he was doing at the end. He was well compensated for his services but he was not the same personality at the end. He easily could have completely undo the good he did at the start. Don't get me wrong, I recognize the company savior that he was in the beginning, but the Disney Wars were something he was deeply involved in and that was not overall good for the company.

Sorry…not gonna play this one.

The quality fell at the end - no doubt. But they ran things a way where they still valued their customer

Within 5 days - Iger apologists used the late stage as an excuses/cover for what he did: which was systematically exploit his brand.

Chapek didn’t start this…it’s the next evolution.

 

[Goofyernmost]

Sorry…not gonna play this one.

The quality fell at the end - no doubt. But they ran things a way where they still valued their customer

Within 5 days - Iger apologists used the late stage as an excuses/cover for what he did: which was systematically exploit his brand.

Chapek didn’t start this…it’s the next evolution.

I'm not denying any of the faults of his replacements, but as far as Iger is concerned his contribution to Disney over all has to be looked at with a wider lens. Disney hasn't had any major threats to it existence because he expanded the footprint of the company even though he wasn't tunnel visioned on the parks, which is the primary complaint that this group has toward him instead of the way that he strengthened the company to make it something that isn't easily threatened. He knew that the parks were strong enough to not affect the company, but he waited to long to make any attempt to upgrade. However, considering the current numbers attending the parks it didn't hurt all that much. Disney may have lowered standards but so have the guests.

 

[Sirwalterraleigh]

What he did earlier stopped being the important part. It became what he was doing at the end. He was well compensated for his services but he was not the same personality at the end. He easily could have completely undo the good he did at the start. Don't get me wrong, I recognize the company savior that he was in the beginning, but the Disney Wars were something he was deeply involved in and that was not overall good for the company.

And the worst part about the Disney wars was that Roy gave up/died (same issue as uncle Walt)…which left no steward for consistency and alot of random people left over under Iger…

So the old guard WDI and operations people left/retired…Bob walked like a coward (hurting his legacy in the end)…and you have chief Slaphead and NO ONE with any sense of purpose left.

That’s why they’re in big trouble…they just don’t know it yet

 

[mgf]

Bob walked like a coward (hurting his legacy in the end)...

The timeline of events (as pulled from Wikipedia) does not support this particular claim against Iger. You don't have to like him, but he could have easily bailed before the storm:

• In April 2019, it was announced that Iger will depart from his position as CEO and chairman of Disney when his contract expires in 2021.[49][50]
• In September 2019, Iger released a memoir titled The Ride of a Lifetime[54]... [9]
• In 2020, Iger announced his intention to retire. On February 25 that year, the board of directors named Bob Chapek – then-chairman of Disney Parks, Experiences and Products – the new chief executive, while appointing Iger executive chairman (an ad hoc post) to oversee the transition.[55][56]
• In April however, the board unexpectedly extended Iger's mandate until the end of 2021, so he could guide Chapek and the company's senior management through the early COVID-19 pandemic.[57][58]
• On December 31, 2021, Iger stepped down completely and was succeeded by Susan Arnold as chair of the board.[59]

This thing was in motion probably at least as early as 2018.

 

[Sirwalterraleigh]

I'm not denying any of the faults of his replacements, but as far as Iger is concerned his contribution to Disney over all has to be looked at with a wider lens. Disney hasn't had any major threats to it existence because he expanded the footprint of the company even though he wasn't tunnel visioned on the parks, which is the primary complaint that this group has toward him instead of the way that he strengthened the company to make it something that isn't easily threatened. He knew that the parks were strong enough to not affect the company, but he waited to long to make any attempt to upgrade. However, considering the current numbers attending the parks it didn't hurt all that much. Disney may have lowered standards but so have the guests.

Disney hasn’t had any “threats” because he inherited a conglomerate.

You don’t believe that Comcast thing WASNT engineered by Roy Disney, do you?

 

[Lilofan]

Yeah…I get the schtick. And it’s not “working”…which is what people remember when they bought DIS at $189 right now…

It was out late drunk that day

I wouldn't be buying shares at current state, I've accumulated all I need to long term instead buying monthly regardless of share price.

 

[Sirwalterraleigh]

I wouldn't be buying shares at current state, I've accumulated all I need to long term instead buying monthly regardless of share price.

I hope you have more than Disney if you want that boat

Everything will be fine as long as humpty stays on that wall

 

[Sirwalterraleigh]

The timeline of events (as pulled from Wikipedia) does not support this particular claim against Iger. You don't have to like him, but he could have easily bailed before the storm:

• In April 2019, it was announced that Iger will depart from his position as CEO and chairman of Disney when his contract expires in 2021.[49][50]
• In September 2019, Iger released a memoir titled The Ride of a Lifetime[54]... [9]
• In 2020, Iger announced his intention to retire. On February 25 that year, the board of directors named Bob Chapek – then-chairman of Disney Parks, Experiences and Products – the new chief executive, while appointing Iger executive chairman (an ad hoc post) to oversee the transition.[55][56]
• In April however, the board unexpectedly extended Iger's mandate until the end of 2021, so he could guide Chapek and the company's senior management through the early COVID-19 pandemic.[57][58]
• On December 31, 2021, Iger stepped down completely and was succeeded by Susan Arnold as chair of the board.[59]

This thing was in motion probably at least as early as 2018.

He retired after news dump two weeks before the world went into financial/social lockdown

Before you google Wikipedia…I gotta ask if you were alive and paying attention in 2020?

 

[el_super]

All companies can be 'apolitical' whether they are a DOW 30 or a FTSE 100 or even a NIKKEI 225. Not only can they be they should be. The only reason TWDC has chosen to be in the past and its the only reason was The Weatherman wanted a political gig. Like most CEOS the reasons they aren't 'apolitical' is that they want an easy government job.

This betrays the fact that companies are made up of people. The people that make up Disney are certainly not apolitical, and their business (Entertainment) hasn't really been all that apolitical either, for centuries. Companies certainly can try to be apolitical, but as we just witnessed with Disney, they risk the ire of their employees when they do so. A company, especially the one the size of Disney, is really more the sum of all the employees, rather than just the direction of the CEO.

It is remarkable to watch. I feel like if Bob had of sent that first company-wide email to a reasonably intelligent friend ....

 

[Sirwalterraleigh]

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No…but she should be hired as a. Consultant for about the next 2 weeks

 

[mgf]

He retired after news dump two weeks before the world went into financial/social lockdown

Before you google Wikipedia…I gotta ask if you were alive and paying attention in 2020?

He announced his intention in April 2019? That news moves share price. They don't play fast and loose with it. It was in motion.

Arguably spiking a succession plan signaled 2 years might not have been the heroic move you seek. It could have caused significant reputational and likely financial harm to the firm ON TOP of the coming challenges COVID would pose.

 

[Lilofan]

This betrays the fact that companies are made up of people. The people that make up Disney are certainly not apolitical, and their business (Entertainment) hasn't really been all that apolitical either, for centuries. Companies certainly can try to be apolitical, but as we just witnessed with Disney, they risk the ire of their employees when they do so. A company, especially the one the size of Disney, is really more the sum of all the employees, rather than just the direction of the CEO.





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I'm surprised not more execs who reported to Iger didn't quit when Chapek was named CEO. Several did including Zenia and Braveman. Some probably didn't want to work for Chapek or he didn't want them on his team.