Deal to bring Bob Iger back to Disney to replace Bob Chapek done in just days

17 days ago in "The Walt Disney Company"

Posted: Monday November 21, 2022 10:38am ET by WDWMAGIC Staff

CNBC reports that the deal to bring Bob Iger back to lead the Walt Disney Company was completed in just days.

According to CNBC's David Faber, the Disney board reached out to Iger on Friday. The company then made his appointment official as the new CEO replacing Bob Chapek late on Sunday evening.

The report also suggests that Disney did identify some internal candidates to replace Chapek, but given the difficult position that the company currently finds itself in, candidates beyond Iger were not seriously considered.

The news of Iger's return has boosted the company's shares this morning, trading around 9% higher on Monday.

The removal of Bob Chapek comes on the heels of disappointing fourth-quarter earnings and a warning about future revenues, including Chapek saying that job cuts and hiring freezes would begin soon.

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lazyboy97o5 hours ago

“98% of statistics quoted on the internet are made up.” - Abraham Lincoln

Casper Gutman5 hours ago

Man, I cannot wait for the MCU X-Men.

LittleBuford5 hours ago

Majority of whom?

_caleb5 hours ago

Majority of what?

Laketravis6 hours ago

You might peruse some of the opinions outside of this WDW Magic echo chamber. An alarming majority specifically cite this "woke mentality" as their reason for no longer supporting Disney.

_caleb6 hours ago

Maybe reanimated minions of She Who Shall Not Be Named?

OrlandoRising7 hours ago

Is it me or are there more than the usual amount of these just-created spam accounts posting in this thread?

Lilofan8 hours ago

When the incoming CEO from the outside or inside came in to replace temporary Iger in 2 years and Christine doesn't resign like Mayer, Staggs and Rasulo who were passed over, it is probable when the new guy comes , the first head on the chopping block would be hers.

Casper Gutman9 hours ago

Come on... she didn't do that without being quite sure what the outcome would be.

SteveAZee11 hours ago

She's good.

"El Magnifico"11 hours ago

I heard it was gonna be the Harmonius Grand Finale. He walks out through the Stargate.

MisterPenguin12 hours ago

McCarthy did what people wanted every underling to do in the face of bad leadership... Instead of being just a yes person, she went to the Board and threatened to quit unless they fired Chapek. So, how's that for action?

Trauma12 hours ago

Yeah they all say the things people want to hear. I only care about what they do.

Tony the Tigger12 hours ago

Then they’re likely not trying to get you back.