Bob Chapek comments publicly about his time as CEO of Disney

Sep 06, 2023 in "The Walt Disney Company"

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. 

 

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."

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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Sirwalterraleigh10 days ago

I’ve got a boot ready for the kick

JoeCamel11 days ago

They wanted to throw Bob out the window? ;) :cool::hilarious:

Sirwalterraleigh11 days ago

What are you two enlightened Renaissance men carrying on about?

Casper Gutman11 days ago

Turns out the anti-Peltz crowd did exactly what they said they would - they went back to criticizing Iger and skeptically discussing potential expansion plans.

James Alucobond11 days ago

I was promised gloating from the anti-Peltz faction but found only endless self-indulgent wallowing from those who wanted to defenestrate Iger at any cost. 🤷🏻‍♂️

Casper Gutman11 days ago

Come on, Penguin, let them have their fun while everyone else moves on.

MisterPenguin11 days ago

Thank you for letting us know how wrong a Hollywood trade magazine is!!

Sirwalterraleigh11 days ago

I’m having DoorDash delivery a really spensive espresso that morning to listen to it bright and early ☕️

monothingie11 days ago

But D+ will be declared "profitable" at the next Q's earnings report!

Sirwalterraleigh11 days ago

…anyone surprised by this haven’t been watching closely enough

HauntedPirate11 days ago

Bob: "I know what will fix everything - Move the next shareholder meeting time to first thing in the morning. And make sure I get to emphasize how well DTC is doing. Because I'm a creative and visionary genius! Now, when am I going to get that lifetime contract?"

monothingie11 days ago

Down about 9% from its pre-annual shareholder meeting.

monothingie11 days ago

Grab a $5.50 Bottle of filtered tap water to cool off.

Sirwalterraleigh11 days ago

…gonna be a sweaty one out there in the empty parks today