In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to once again run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. #CNN #News
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Wishing Mr. Bob Iger continued success with Disney
Iger was the chief crazy person at Disney so he will double and triple down on the silly stuff.
@Chase Hedges67 he was good for the parks though
@Skelo the parks got slowly worse the further his tenure went. Legacy rides closing or being rethemed to Disney IPs, parks going up in price. Chapel was just the fall guy for everything that’s happened the last 2 years
@cesruhf we got endgame under Iger, I like him,
yeah! cheapnick was such a bad manager…wanted to make profits by cutting the services and gave the house of mouse a terrible rep
The irony is how many love mickey but scream at the sight of a real mouse then whack it over the head with a broom.
I think he felt he needed to come back and try to save the company he love.
So many major decisions have been dictated by greed, so I’d love to see passion put into the movies again. still salty about them cutting season 3 if the owl house short because apparently it wasnt making enough money
@Aaron Higgs if you know ANYTHING about Bob Iger’s run as the Disney CEO then you would absolutely know that this main does the job for the passion. No one works for free, but this man made sure Disney executives and fans alike felt like the money spent on him was well invested. Not something we can say about Chapek.
@Winsyde it’s all about money at the end of the day.
@Winsyde nah brah, you just another consumer sheep. thats what he WANTS you to think. Iger is pretty good at faking himself he convinced you 😂😭
Money 🤑🤑
Iger is a titan. He’s got real courage and integrity.
LMAO
Just a reminder that Chapek, the CEO of DISNEY said that adults don’t wanna watch animation
Repent and believe in Jesus. John 3:16 KJV – For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
Luke 13:3 KJV – I tell you nay: but except ye repent, ye shall all likewise perish.
2 Corinthians 5:17 KJV – Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things are become new.
@Samantha B right
@Don Jindra Damn you will be shocked that Simpsons, Family guy, Bo Jack, Helluva boss, Inside Job exists
@Obito Senju Right. Kids shows.
As an adult, when I had sons, personally I chafed at the bit to get the Disney animations/cartoons I loved as a kid. Sunday evening for me was The Wonderful World of Disney. Much older now, they’re grown, they have fond memories of watching them with me. Their mother, along with a few girlfriends after she passed, still adore the cartoon features. Hence we have Disney+
The brilliance of Walt, despite his real flaws, was in creating an experience that his audience would remember once they had their own kids, and wish to recreate it for them.
If the board made a mistake, it’s better to fix it quickly and move on to onether leader. Don’t think of it as weakness.
Then Kennedy has to go.
@Dog Breath the 3rd SFW WVZ
If we can get rid of Kathleen Kennedy, Disney could be back.
Some peoole have said she did films like ET. When Spielberg made ET and Indian Jones and jurassic park, etc, Kathleen Kennedy was only an assistant, she was not the creative brain that created those films. She was not a film director or producer or writer. She just got lucky and crossed paths with 2 filming geniuses, Spielberg and Lucas. And it made her very rich.
I agree
@ScotsBiochemistry She was a leech, pretty smart though. “she made 60+ blockbuster films” 😂
Watching CNN news anchors ‘ eyes glaze over whenever they have business Jounalist on and the topic is anything commerce related is always a treat
What’s more of a treat is reading comments on CNN from the same losers every day claiming they don’t trust CNN.
Chapek is a bean counter in charge of a company that thrives on innovation and imagination. It was a terrible hire imo. The successful leaders at Disney were visionary’s not accountants. The minute he started cutting stalwarts that people love like magic express he made Disney more like any other theme park and I knew it would end badly for him
“Chapek is a bean counter in charge of a company that thrives on innovation and imagination.”
What?!
Disney is a machine that creates focus group directed dreck that is designed to never offend the most generic audiences in the pursuit of maximum profits and that too often pads profits at the cost of worker welfare and treatment.
Go bean counter, go broke. Just ask GM.
@Man Animal Go Right..and you’re not very bright. 🤡
Wrong – Bob Chapek just didn’t cow-tow to all the activists who had been putting their own identity politic messages in Disney films for the last decade, was getting rid of the bloat in the company. Too many snowflakes didn’t like it, so they canned Chapek to bring back the man who decided Disney’s films needed to send a message to their viewers rather than simply entertain them.
@The Big Picturenot exactly yes by him trying to control everything hurt him and Disney but it was his political choices that hurt him the most so him being too “woke” is what failed him in the end
I’m a huge fan of Iger’s. I thought he did a fantastic job running the company. I will say though he’s got a big mountain to climb with the mess he’s inheriting.
Iger’s the one that made the current mess Disney is in. Chapek merely made it worse.
Do some reporting about the tyranny of quarterly reports and Wall Street expectations. Business and investing is a long-term commitment. Report on it as such.
Please save Disney, Mr. IGER. The current CEO is a complete bean counter disaster
Who is Mr. Eager?
Stunning. The stunningest. Stunninger than the last stunning development which was already ridiculously stunning. I’m stunned.
But HOW stunned are you? Be clear, man!!
I’m stunned as well, very stunned.
Same here. And shocked. And outraged. And overjoyed.
Dude duude duuude…..please take your Medicine 😉
All these news reporters are looking at this from a stock issue, speak to any Disney fan, and they will fill you in on all the rest of the details. Chapek was a failure in so many areas, but especially in alienating its customers and fans and chipping away at Disney’s reputation and brand legacy in the name of the bottom line. Disney is a company that was literally found it on magic and guest experience, and he was running the company like a bean counter. He was destroying the Disney brand and chipping away at what makes Disney what it is. Employees are angry. Customers are angry. Stockholders are angry. Disney is one of those rare companies where is the bottom line isn’t always what is best for the company and chapek couldn’t understand that. Ironically the good publicity they’re getting from firing him is the kind of buzz that even Disney couldn’t buy. Disney fans are unanimously celebrating. They may not always agree with the direction of the decisions that they make but everybody agrees that Chappek needed to go. I’m really glad they brought in Iger, importantly that they brought him in with a focus on the succession plan. He’s not going to just fix the company, he’s going to spend two years making sure the company is fixed for years to come and it was desperately needed. And I won’t be surprised if there are several executives that are sent packing with Chapek, and possibly a few unfairly terminated that might be brought back.
@GamingOptimist It’s very simple…Disney customers are not buying the woke message Disney is selling. “Iger’s Sudden Return to Disney Shocks a Discontented Kingdom After Bob Chapek, the departing chief executive, tried to put a sunny spin on a disastrous earnings report..” – New York Times….I’m not a Republican, voted for Obama twice…but you either put out a product people want or you don’t, that’s no opinion that’s just an inconvenient truth.
@GamingOptimist In the end it doesn’t matter if your customers aren’t buying what you are selling…Chapek or Iger.
@mboiko I just read that article you cited. None of the issues with Chapek listed related to “woke” issues. Chapek looked down on the animation projects, pivoted too much toward streaming, a recession environment and an investor group making demands to cut costs. Theme park attendance continued to be high and many of their products are huge hits. You may be predisposed to thinking it’s due to “wokeness” but the facts don’t bare out those feelings.
Groomers infiltrated Disney and several are on record saying they attempted to push their gay agenda into the animation and dialogic and this is primarily the reason parents have stopped purchasing Disney merchandise.
@Argenta I don’t blame them…
He’s a great CEO and I hope he can turn around the company and stock and more importantly a heir apparent.
Twitter employees seeing this news: “Oh please Mr Dorsey, please please please pull an Iger……”
It’s not just one quarter of disappointing earnings. There’s been a noticeable dip in quality in Disney’s films and TV shows over the last couple of years and their parks are have become a complete disaster. A lot of hardcore Disney fans have been praying for Chapek to be shown the door, because of these failings. I don’t think it’s weakness on the part of the board, I think it’s a recognition that the earnings are reflection of these things. We don’t know what happened behind the scenes. We don’t know if Chapek was unwilling to course correct and that’s what prompted this. We just don’t know. What I can’t tell you is that many Disney fans are very happy this morning.
I live in LA,CA. I loved Disney Land/ CA Adventure. Would go twice a year with family, summer and Christmas. They have turned their backs on the middle/lower income families. You will spend up to $150-200 just to set foot in the park. This does not include parking , food and other services. Disney him self claimed he wanted to create a park that was financially accessible to all communities. I have not been back since 2016.
My family now has a season pass to Six Flags Magic Mountain.
We love it and it does not break the bank. The Twisted Colossus is the best coaster ever. The black bean burgers 🍔 rock.
Illyaria,
What you said 👍🏿👍🏿👍🏿👍🏿
@Man Animal And the cost just went up again for this season. It is insane.
I disagree. Some of the new stuff is really good. I love Encanto, No Way Home is Amazing, The Ghost and Molly McGee is awesome.
@Guy2015 A dip is generous; much more like a precipitous fall. All of the studios Iger bought were making money until they went woke. The only thing left were the parks and they were closed by the Wuhan flu.
When you Nickle and Dime everything, there’s an effect around every corner. When it comes to the parks, guests will spend within a certain budget. If you raise this price because you believe the demand is there, money normally spent in other ways is suddenly not being spent which effects the whole chain. Greed is not the culture Walt wanted or designed. Get rid of the electronic way to visit the parks. Some of us are disabled and can’t do the whole staring at a tiny phone screen all day when we just want to come and enjoy ourselves!!! Disney World use to be a smooth visit, now it’s almost a punishment to go there! It doesn’t make me want to see the films as my love for all things Disney is diminishing because of the philosophy of scratching out ever profit possible.
Chapek was literally dragging Disney to the ground . Imagine having so much control over such a massive company like Disney. Disney is one of those companies that you can’t just have anyone running the show
Iger did a lot more damage than Chapek did. Iger is the chief crazy person with the wokeness.
@techguy actually we saw a massive spike in Disney Wokeness in the past 2 years and it came with that terrible writing to focus on “the message” instead of story telling first.
@techguy brother, disney was thriving before 2020. VFX crews weren’t being deprived, their movies were always rated high, CGI was usually not garbage, there have been way too many marvel shows most of which not very good for the most part. Just okay. I mean just look at the reviews from every Disney owned movie since 2020 and compare it to before . As a Disney fan it makes u want to throw up. and all the money Pixar must’ve lost from there movies being released exclusively on Disney plus..
@LIVEDERAD That actually started under Iger’s watch, when the Star Wars sequel trilogy came out
Meh, I gave up caring about Disney when they stopped caring about their consumers