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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Ayla4 days ago

MarvelCharacterNerd5 days ago

Okay, I'll do it as long as there's health insurance benefits. :D

Trauma5 days ago

Sub $80 close today. Iger’s legacy is that of failure. Time for someone who cares to step in.

AlexYun_5 days ago

Who’s more likely come after iger?

HauntedPirate5 days ago

Only if the valuation of Hulu from independent evaluators is at or below $27 billion. Anything more than that and the price tag for Disney goes up. 😬

EPCOT-O.G.5 days ago

Hey could be worse. It’s not like in a few months’ time they’ll have to spend close to 10% of their current market cap to fully acquire Hulu, which they’re just going to fold into the D+ albatross.

MR.Dis5 days ago

To actually look at this as a possibility, you are talking about just ABC linear TV, including their news division. I can see the liberals in my minds eye having a heart attack at the thought of a main stream network being more conservative than Fox--LOL.

EPCOT-O.G.5 days ago

Going to be wild when the “next CEO” is a Frankenstein’s monster of Byron Allen and some guy from Herschend Family Entertainment.

Sirwalterraleigh5 days ago

That site is “daily nonsense” Everything is going up…everyone is gonna be rich…by Friday 😎

Drdcm5 days ago

This article and the comments make me chuckle. https://seekingalpha.com/article/4637127-disney-stellar-comeback-approaching No idea if this is reputable at all but entertaining to read the glowing optimistic article and then the comments afterwards Edit: I don’t do individual stocks, I’m an index fund type of guy… so I don’t really follow financial news or “picks” like this article. I am not implying it’s a bad buy, I just the think the juxtaposition between the article and commenters is fascinating.

Drdcm5 days ago

This is all part of the plan. He has to take this risks at the short term expense in order to secure long-term gains for the company. He’s invested in the future and the betterment of society. He’s explained this, it’s all good, move along… move along… 😅

Sirwalterraleigh5 days ago

So was Eisner in many ways…which is why Roy offed him. The lesson is still the same: oligarchy doesn’t work in the longterm. They just didn’t learn it

Sirwalterraleigh5 days ago

You were also being tongue in cheek and he quoted you…which always makes for good entertainment 🤪

Basil of Baker Street5 days ago

Competent division heads with the freedom to run their respective area as they see fit and a CEO who can stay out of the way. That's what will turn this around. Bob 1 and 2 are/were meddlers. IMO you shouldn't hear a good CEO's name in the media constantly.