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2022-11-21 -Great Cultural Revolution

Disney announces ex-CEO Bob Iger to return for 2 years

[10News] Get woke, go broke. DeSantis broke Bob Chapek
The Walt Disney Company announced late Sunday that former CEO Bob Iger will return to head the company for two years in a move that stunned the entertainment industry.

Disney said in a statement that Bob Chapek, who succeeded Iger in 2020, had stepped down from the position. Disney board chair Susan Arnold thanked Chapek for his leadership during "the unprecedented challenges of the pandemic."
Stock's down 40% this year. Great job, Chapek
She said directors believed Iger was "uniquely situated" to guide the entertainment behemoth during "an increasingly complex period of industry transformation." Iger, 71, led Disney for 15 years as it absorbed Pixar, Lucasfilm, Marvel and Fox’s entertainment businesses, then launched its Disney+ streaming service.

Iger said in the statement that he was "thrilled" to return and "extremely optimistic" about Disney’s future.

"I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling," Iger said.

Hollywood’s creative community had grumbled about Chapek’s cost-cutting measures and sometimes blunt approach to talent, while theme park regulars had been unhappy with price hikes. Earlier this month, Disney posted lower than expected results for its fiscal fourth quarter.

Chapek faced blowback early this year for not using Disney's vast influence in Florida to quash a Republican bill that would prevent teachers from instructing early grades on LGBTQ issues. The bill sparked a spat between Disney and Republican Gov. Ron DeSantis.

Posted by Frank G 2022-11-21 06:58|| || Front Page|| [11134 views ] Top

#1 ...The proof will be in the pudding. I think the Disney board has dimly realized that nobody wants what they're selling, but it remains to be seen whether or not they realize it enough to throttle back some of the more egregious woke nonsense.

Mike

Posted by MikeKozlowski 2022-11-21 07:06|| 2022-11-21 07:06|| Front Page Top

#2 If it isn't about a wholesale scrapping of the woke agenda, it will be a very expensive and meaningless piece of kabuki for a company that can't afford expensive and meaningless much longer.

Posted by M. Murcek 2022-11-21 07:25|| 2022-11-21 07:25|| Front Page Top

#3 I wouldn't run out and buy Disney stock just yet...

Posted by Vespasian Ebboting9735 2022-11-21 08:29|| 2022-11-21 08:29|| Front Page Top

#4 /\ Ha! No.

Posted by Besoeker 2022-11-21 09:13|| 2022-11-21 09:13|| Front Page Top

#5 I wouldn't run out and buy/subscribe to any Disney stuff at this point.

Posted by DarthVader 2022-11-21 09:51|| 2022-11-21 09:51|| Front Page Top

#6 Disney stock soars after Bob Iger replaces Bob Chapek as CEO
Shares of Walt Disney Co. were up 10% in pre-market trading early Monday as investors on Wall Street were jubilant over the news that Robert Iger would return to helm the Mouse House in place of ousted CEO Bob Chapek.

Disney stock is expected to flirt with an opening price of $100 a share when the bell rings on the New York Stock Exchange on Monday morning.

The 71-year old Iger was reinstalled as chief executive by the company’s board late Sunday night, replacing his hand-picked successor, Chapek, 62, who departs after a rough two-and-a-half year tenure that saw Disney’s stock plummet some 53% in the last 20 months.

Perhaps Iger's judgement should also be questioned

Posted by Frank G 2022-11-21 09:58|| 2022-11-21 09:58|| Front Page Top

#7 It's only been two years. I doubt the Chapek stocked the staff with woke radicals in just those two.

Posted by Procopius2k 2022-11-21 10:22|| 2022-11-21 10:22|| Front Page Top

#8 ^ True, no doubt. He certainly greenlighted the ones already there though.

Posted by M. Murcek 2022-11-21 10:37|| 2022-11-21 10:37|| Front Page Top

#9 It takes a staggering level of managerial incompetence to screw up a franchise based on characters known and beloved the world over. Next up: Non-binary Coca-Cola.

Posted by Matt 2022-11-21 12:37|| 2022-11-21 12:37|| Front Page Top

#10 Should have cast Kirk Lazarus for the next Black Panther.

The best way to show sincerity would be to cancel their re-imagining of Willow.

"The 80s called...they want their movie policy back."

Posted by swksvolFF 2022-11-21 15:10|| 2022-11-21 15:10|| Front Page Top

#11 Gooderer and harderer.

Posted by Rex Mundi 2022-11-21 15:24|| 2022-11-21 15:24|| Front Page Top

#12 Yeah the after hours dead cat bounce is nothing to get excited about. Over has been a big player in making over Disney into a Grooming Juggernaut.

Posted by Regular joe 2022-11-21 15:29|| 2022-11-21 15:29|| Front Page Top

#13 Bring in the guy that set up all the problems to come to fruition during the new guy's term, then swoop in to "fix" it. Sounds like congress.

Honestly, all the IP that Disney bought during Iger's reign and is now crashing will start being sold off in 5 years. Expect the start of chapter 13 proceedings of Disney 5 years after that.

Posted by DarthVader 2022-11-21 16:07|| 2022-11-21 16:07|| Front Page Top

#14 They identified the root cause and rehired him.

Posted by Super Hose 2022-11-21 20:27|| 2022-11-21 20:27|| Front Page Top

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