Disney Dumps CEO, Brings Iger Out of Retirement

There was a big change at Disney this week.

CEO Bob Chapek, who has led Disney into this woke abyss, will now be referred to as the former CEO of Disney.

He and Disney parted ways on Sunday.

The company has brought back Bob Iger, who retired less than a year ago, to right the ship.

Time for Change

The last year has not been kind to Disney.

The company started a war with Governor Ron DeSantis, potentially losing many of the protections the company has enjoyed over the years.

That does not even take into account the horrific box office performances of several big Disney movies that were expected to crush it.

Disney Board Chair Susan Arnold put a positive spin on it, stating, “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic.”

Then she welcomed Iger back, stating, “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”

She later added, “Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide – all of which will allow for a seamless transition of leadership.”

Iger is believed to have signed a two-year deal to get the company righted again.

On his return to the company, Iger stated, “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe — most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration.

“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.”

If we could get a look at his daily calendar, I would bet the first item on the agenda is to pick up the phone and make nice with Governor DeSantis.

Sources: Fox Business & New York Post

Facebook
Twitter
LinkedIn