Chapek out as CEO!

[DonMacGregor]

Bob Chapek out as Disney CEO. Bob Iger to return for a 2-year interim term!

 

[WilsonFlyer]

Wow! Merry Christmas to us! Looks like arriving at OKW Wednesday is going to be fun after all!

(I was coming to post it. FB has almost crashed with all the posts. LOL)

 

[DonMacGregor]

https://www.hollywoodreporter.com/b...er-returning-ceo-bob-chapek-exits-1235266823/

 

[Sandisw]

Wow! This is pretty big news.

 

[Nursemanit]

Very good news for Disney lovers ( maybe not so good for short term stock gains)

 

[DVCSunDevil]

Christmas came early! Chapek was destroying Disney. Iger will get things on the right track. I couldn’t be more excited!!

 

[Spivey378]

Wow!

 

[Genie+]

My whole household can’t stop clapping and cheering. We’ll be celebrating Thanksgiving a bit early tonight.

We’re opening a bottle of ‘93 Dom!

 

[Lisa_lvspplmvr]

There is a god !! Woo hoo !!! I can’t wait to see my stock go up tomorrow!!! Can’t wait to plan another trip !!!!

 

[Bellabully]

Best news!!

 

[WIll C]

Good he's gone. Not good Iger is back. Iger put us in this mess and just used Chapek as the fall guy. Guess we'll get a new NBA Experience though!

 

[Sammie]

Christmas came early! Chapek was destroying Disney. Iger will get things on the right track. I couldn’t be more excited!!

Iger recommended Chapek take his place. Be careful what you wish for, it could be worse. Time will tell.

 

[Sammie]

Good he's gone. Not good Iger is back. Iger put us in this mess and just used Chapek as the fall guy. Guess we'll get a new NBA Experience though!

Exactly, Chapek was where he was because of Iger.

 

[WilsonFlyer]

Be there at the onset of covid.

"Retire" as it starts to fall. Let some scapegoat you appoint take the fallout.

Come "to rescue" to sinking ship and likely drive a hard bargain in doing so.

Brilliant.

I would love to see what the comp package looked like. I bet it set records.

 

[Jillpie]

Bring it all back Mr. Iger, bring back the magic, fast passes, all the perks of staying on property, WOOHOO!!!! Best news ever!

 

[Duckbug.Ducktales]

Iger recommended Chapek take his place. Be careful what you wish for, it could be worse. Time will tell.

But then Chapek went off the rails and he and Iger had a falling out. Iger regretted the decision. Hopefully he'll get someone better next time.

 

[ParkHoppers]

Amazing news.

 

[RanDIZ]

Good he's gone. Not good Iger is back. Iger put us in this mess and just used Chapek as the fall guy. Guess we'll get a new NBA Experience though!

Let’s be honest, Covid helped put Disney in this mess. Chapek was just the wrong guy to navigate through it. Every other large cap company seemed to do just fine and adapt and overcome without pissing its customers off. DIS market cap grew almost 50% from 2018 until Covid under Igers watch.

 

[WIll C]

Let’s be honest, Covid helped put Disney in this mess. Chapek was just the wrong guy to navigate through it. Every other large cap company seemed to do just fine and adapt and overcome without pissing its customers off. DIS market cap grew almost 50% from 2018 until Covid under Igers watch.

Of course it did but many of the current plans were put in place, or planned, before Covid. Covid accelerated plans and let them do things that would have been really hard to implement without even worse backlash. In many ways, it helped them do a lot that they wanted. It set them back, financially, and canned a lot of projects (probably for the best) but they were set on course for much of this a while ago. The delays probably did more to the stock price than anything else. Epcot is a mess because it's taken so long. Most rides are a year or more delayed but a lot of stuff that went in, went in poorly. I'm happy to spread a lot of blame around between them all.

 

[BillPA]

It only took a 50%+ drop in the stock price to get the bumb out. March 8th 2021 stock was 197.16 Friday is was down to 91.3