Bob Chapek comments publicly about his time as CEO of Disney

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Bob Chapek

Posted: Wednesday September 6, 2023 10:52am ET by WDWMAGIC Staff

In one of the most in-depth retellings of the turmoil surrounding the CEO role at Disney, CNBC shares in great detail the events that led to the firing of Bob Chapek, and the return of Bob Iger as Disney's CEO.

Bob Iger (left), Bob Chapek (right)

The inside story is based on conversations with more than two dozen people who worked closely with Iger and Chapek between 2020 and 2022.

Most of the key players declined to comment on the report, but Chapek did add to the account via a brief comment made by a spokesperson.

"Bob is proud of the work he did in the course of his 30-year career at Disney, particularly during his nearly three-year run as CEO, steering the company through the unprecedented challenges of the pandemic, and setting the course for business transformation as he and his team took the disruptive yet necessary steps for business revitalization and long-term growth."

Bob Chapek

The CNBC story by Alex Sherman also suggests that in Chapek's final weeks as CEO, board members had set up discussions with Disney division heads, including Parks boss Josh D'Amaro, who all told board members that they no longer supported Chapek as CEO.

Read the full story "Disney's wildest ride: Iger, Chapek and the making of an epic succession mess" at CNBC.

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Basil of Baker Street1 day ago

Fun Fact. He's ruining the parks AND failing the investors.

flynnibus2 days ago

Well… they could say he’s doing the market focused/motivate moves…. But still failing to achieve market success…

Sir_Cliff2 days ago

I'll never quite understand Disney fans complaining Iger is a soulless, money grubbing executive who puts short-term profits above all else and has thus ruined the parks, then using Wall Street investors as a barometer for whether he's making the right moves. This kind of obsession with stock prices and quarterly earning reports having to grow ever higher for all eternity is far more of a problem than Iger.

TrainsOfDisney2 days ago

The Penguin IS the bartender!!!

networkpro2 days ago

Yep, it wasn't sector wide. Some are doing fine. Some heads admit that they've made mistakes and actually do something to recover like David Zaslav.

Basil of Baker Street2 days ago

Whaaat? Two days? Lets do 10 years Bartender. I'll have what the penguin is having.

MisterPenguin2 days ago

Ya sure it's Disney's fault? ;)

Basil of Baker Street2 days ago

Hey Disney, You're dragging down my total market ETFs

HauntedPirate2 days ago

Nothing wrong with some Arb's. Double roast beef sammich, Arby's sauce, plus a large curly fry. And a Coke Zero.

monothingie2 days ago

Well I did go to Arby's for lunch. So I may have lost more than one thing.

Lilofan2 days ago

Overall market today , yes, but long term investing my monies are far working harder and earning more than I will ever in countless lifetimes!

Sirwalterraleigh2 days ago

Anyone else losing money today?

Trauma2 days ago

With such a horribly mismanaged company it’s hard to set a buy target for this. I guess I would feel comfortable at anything under $70. Company of course has a huge upside if better leadership takes over.