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NY Times: Bob Iger Effectively Back As CEO
- Thread starter the.dreamfinder
- Start date
Dutch Inn '76
Well-Known Member
That's cool and all, but you are in the extreme minority of people to have something like that. Theatres are not threatened by this small percentage.
Horizons '83
Well-Known Member
- In the Parks
- No
Right in the middle of the oil shortage, if that doesn't show marbles, I don't know what does.
Hmm...
variety.com
New Disney CEO Bob Chapek Elected to Company’s Board of Directors
Walt Disney Co. has elected Bob Chapek, the company's newly appointed chief executive, to its board of directors.
variety.com
Slpy3270
Well-Known Member
Hmm...
Bob Chapek Elected to Disney's Board of Directors — Variety
Bob Chapek has been elected to Disney’s board of directors, a move that was set after the surprise announcement in February that the longtime Disney executive had been tapped to succeed Bob Iger as CEO. “Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges...apple.news
That's not surprising at the slightest. Remember that nothing has actually changed executive wide despite what that NY Times headline implied. That was just for clicks (yet lots of smart people fell for it).
Goofyernmost
Well-Known Member
bartholomr4
Well-Known Member
Hmm...
New Disney CEO Bob Chapek Elected to Company’s Board of Directors
Walt Disney Co. has elected Bob Chapek, the company's newly appointed chief executive, to its board of directors.
No news here.... This was announced as part of the original Announcement that Chapek was the new CEO.... Just the formality. Iger is still Chairman of the board.
Josh Hendy
Well-Known Member
With respect, the real news story is the comically faint praise heaped on Chapek for what he has accomplished as CEO. It leads once again to questions about the odd timing and fumbled execution of Iger's apparently unplanned "succession".
The messages being sent are:
1. The financial side of Disney is still being nailed down by Iger, so shareholders and bankers need not worry.
2. The creative side of Disney doesn't matter, anybody can do it. Even say, the guy in charge of merchandise.
It doesn't mean the end of Disney as we know it, it means that the Bob & Bob show where financial imagineering takes priority over artistic creativity is going to continue for the next several years at least. With humorous lip service paid to the concept that Disney is more than a media conglomerate with an interesting backstory about a mouse.
SteamboatJoe
Well-Known Member
If they were smart, they'd let creative be taken care of by the lead creative talent at the studio level. They seem to get it right more often than not.
In animation, they’ve mostly done that save for being allowed to anything beyond CG. Iger’s hands off management policy means that if he thinks a business unit is fine, see theme parks, he doesn’t intervene. What happens when he’s wrong?
Slpy3270
Well-Known Member
It's kinda hilarious that people are comparing the market cap of Disney with Netflix whilst ignoring the fact that Netflix isn't a media conglomerate and their stock price rise is nothing more than a bubble that will burst once this is over (plus they're becoming the Atari of streaming by putting emphasis on quantity over quality).
peter11435
Well-Known Member
This. Netflix is ridiculously over valued. It will eventually come crashing down.
If Netflix folds, where will I get my next Ecuadorian telenovela?
Netflix has always been overvalued like a tech stock.
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bartholomr4
Well-Known Member
I totally agree... Netflix has $5billion in cash and 215 Billion in Debt. Disney has $11.6billion in cash and $56 Billion in Debt. It also has hard assets. Netflix borrows other company assets..... It will be a journey to dig out of this, but Disney is going to be fine.
Slpy3270
Well-Known Member
I assume you mean $15 billion in debt lol. They would be out of business by now if they had $215 billion in debt.
bartholomr4
Well-Known Member
Thanks... no the actual debt for Netflix is $25 Billion not $215 Billion
Robbiem
Well-Known Member
Off topic I know but when did the plans for the Asian hotel change to the grand floridian?
I’d want to say around the turn of the decade but would need to do some research. Asian Way was called just that for quite a while after the resort was mothballed.