The cable deal isn’t live yet.
Did they get rid of this rule?
I doubt it ever was a real rule, unless someone has evidence to the contrary. The board members probably just told Roy Jr that to make him angry and get rid of him. His father was the original CEO of the company and ran it until age 78 before he retired and died a few months later.
WDW has got a number of seniors CMs working full and part time well into their 70s and 80s .
It depends. Age can absolutely be a factor in running a massive international corporation. Even if a person appears otherwise healthy, energetic and mentally competent (things that affect different people to differing degrees, but all inevitably start to decline with old age regardless), it gets to a point where a person's life past a certain age is an unknown coin toss. And if that person dies in an untimely manner without having put together a succession plan, it can cause a lot of chaos. Bob Iger for instance is getting up in years now and has been pressed by the board to find a proper successor. Something he has been refusing to do, either firing any potential candidates or (in Chapek's case) setting up a weak patsy to undermine so he can eventually reinsert himself when the time was right.
Looks like a highly clickbaity title given the contents of the article, which doesn't have anything to point towards a hostile takeover at all. Just regurgitating the same old news about Peltz trying to gain a seat on the board. No clue who the author of the article is either, the source is a site called SK Pop, never heard of it and wouldn't bet on their reputation. I'd wait for mainstream reputable financial sources.
It was more of a rhetorical question. I think we as a society are about to have a much bigger discussion about running large organizations at an advanced age.
The hubbabaloo is clickbaity…
Oh I think he's in plenty of trouble, i've heard as much myself. I just don't think we're at the point of a hostile takeover yet. I doubt Peltz will be the one to take him down, wouldn't give much thought to their meeting. Iger will probably cling on for a while. The board may gripe, but they've continually renewed his contract regardless of what Iger does to annoy them. The real issue is that they lack an alternative to Iger, something that Iger is well aware of. The board also doesn't want to be the ones to find and train a successor, they've left that responsibility in Iger's hands.
I agree, Chapek did not know it, but Iger knew when he appointed him, he would get him kicked out unless he was a yes man for Iger.
Chapek had no business being the “successor” to anything…and it’s hanging around iger’s neck to this day
I do not know Chapek personally and never worked with him but I know, will never know what kind of a leader he could have been because he was never given the chance to lead because of Iger.
In my experience when I move up the food chain, teamplayer, Yes man , are some the traits the team is looking for when looking to fill a position . To get along you need to play along.
Yes, we do. He was terrible. Even before he became CEO, he was running the parks and was the one who implemented all the cheap merch, food quality reductions, increased after hours, over stuffing parties, reduced maintenance. Once CEO he completely redid the structure of the studios which turned out to be a disaster. He wasn't going to pay cast members during the start of the shutdown until he was over ruled by the board. Made a mess of public relations with his terrible, awkward, and pathetic attempts to deal with social which lead directly to a giant confrontation with the state of Florida.
Agreed. Chapek tried to be a leader instead of doing what Iger wanted. Then he toggled to get in line and it was too late. If Chapek wanted to stay in the job, he should have done and said exactly as Iger told him from behind the scenes.
I get you, and as a parks fan myself I do hate the cost cutting and price increases in that is still happening today.
