Stop already. Everyone knows Chapek never did anything and was just an innocent pawn. It was absolutely Iger’s evil genius plan for Chapek to restructure the company into an accountants wet dream, rule the company with an iron spreadsheet, layoff many of the long term employees, anger and alienate a large chunk of the remaining work force, drive out all the talent in Imagineering, bumble into a fight with the state of Florida and call the guests fat and/or undesirable.
He should look at himself in the mirror if the claim he calls the guest fat.
In fairness, it was Christine McCarthy who made that comment.
One would think as she as the former CFO she would be more in tune with increasing profits for TWDC so the more the guests eat and drink...
This goes under revisionist history. Chapek changed the reporting structure within Disney -this was not an Iger initiative- and caused massive anger amongst the creatives. It was Chapek that was a public relations nightmare with his handling of S J / Black Widow and of course the whole Florida mess. These were unforced errors you cannot blame on Iger. But remember, what ultimately got him fired was trying to reallocated expenses from Disney+ to the studios so Disney + would appear to be performing better than it was. This is when McCarthy stepped in with her statement of Non confidence to the board. Yes, Iger was all to happy to jump back in--but if Chapek was not such a complete screw up, Iger would not of had the chance.
The context of her remark - when she still was CFO - was the way to reach / maintain / increase profitability was to reduce portion sizes (presumably while maintaining the same cost). For example, 6 Oz of steak cost them $3, they sell for $15. Now, they buy 4.5 Oz of steak for $2.25, and still sell for $15 (or maybe $16)
The story was that chapek said lay off the park people and Iger intervened…
Chapek sucked
You’ll never believe he screwed this up…but he did.
Executive Chairman, with a higher salary than the "CEO"
This is true…but ignores why it happened in the first place…and has slowly leaked out in the last year:
Although I really dislike Chapek, his first interview after the non-disclosure will be legendary; he probably will say everything that happened behind the curtains and all of Iger's dishonest moves as CEO.
…you noticed?
JHC….
Disney+ would had been the perfect opportunity for new Disney+ Original Content based on Disney Films that revisits the "Animated Series" or animated film spinoff material like it was during the late 1980s and 1990s. Instead the only Disney+ Original Animated Series is the upcoming Tiana and Moana series.
Ones in power don't want to lose it. Iger isn't the only player that was CEO when he left then became Exec Chairman. Billionaire Bezos of Amazon did the same thing. Salaries are just a small part of Iger and Chapek compensation. During Covid , Iger did not collect a salary as Exec Chairman, Chapek salary cut by 50% and other execs salary cut 25-30%.
What’s funny is it takes usually an hour or so for someone to make some ridiculous, illogical excuse or statement about Iger in several threads. Without fail.
True…
Iger was lurking and could not wait to get the throne back. I get it. My statement is that if Chapek had just been competent, Iger would never of had the opportunity to resurrect himself like the Phoenix. The mistake was allowing Iger to keep his private office where he could more easily manipulate events, Machiavellian at its finest. My only hope is that whoever takes over, the biggest demand is that Iger is forever banned from Disney Offices- period no exceptions.
