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Answer: Bob Chapek took over as CEO of Disney in 2020, a position that Bob Iger had held from 2005-2020. During the initial phase of Chapek’s reign, COVID happened. Chapek was previously the head of the park’s division, which took a huge hit in 2020 from closures and lack of attendance.
- Covid Crisis, 'Black Widow' Battle
- Florida Fiasco
- Financial Woes, Wall Street Worries
- The Battle of The Bobs
Chapek took the reins at Disney in the early days of the pandemic, an unprecedented calamity that forced him to close the company's world-famous theme parks, pull blockbuster movies from multiplexes and shut down other operations. In the second year of the pandemic, when many consumers were still nervous about returning to theaters, Disney decided ...
Nearly two years after taking over, Chapek became entangled in a public relations snafu that angered employees and made the corporation a magnet for criticism from people on both sides of America's culture wars. In March, Florida — home to Orlando's Walt Disney World — enacted a measurethat bars instruction on sexual orientation and gender identity...
Disney is not the only media/entertainment company grappling with tough economic headwinds and the effects of inflation. Paramount, NBCUniversal and WarnerMedia are facing similar issues. (NBCUniversal is the parent company of NBC News.) But for investors who saw Disney as a reliable part of their portfolios, the company's recent balance sheet trou...
Iger, who chronicled his years at the top of Disney in the memoir "The Ride of a Lifetime," delayed his retirement multiple times near the end of his initial run at the company. When he finally decided to step down, Chapek was his hand-picked successor. But almost immediately, the entertainment industry media zeroed in on what was thought to be a f...
- Reporter
- 2 min
Nov 21, 2022 · “Susan sided with Chapek from the beginning, even before [Iger] left,” says one. “She tried to put Iger back into his box. At every turn, she said, ‘Let Chapek run the company.’”
Nov 29, 2022 · Some fans responded by creating T-shirts emblazoned with the phrase “Unfavorable Attendance Mix” and wearing them in the parks as in-jokes to other fans.
- Len Testa
Nov 22, 2022 · What do you think about the timeline and events that precipitated Disney’s Bob Swap™️, replacing Chapek with Iger? Thoughts on how it went down, the board’s decision to renew Chapek’s contract instead of replacing him over the summer, Iger’s succession plan, or anything else discussed here?
Nov 20, 2022 · In a stunning turn of events, The Walt Disney Co. says that Bob Chapek will step down as CEO, with Bob Iger returning to lead the company. Disney’s board of directors announced the decision...
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Nov 22, 2022 · But on Sunday, Disney’s directors abruptly ditched Chapek, reinstalling his widely admired predecessor, Bob Iger, which elicited cheers from Wall Street and Disney’s faithful. What happened?
