Former Walt Disney Company CEO Bob Iger tends to disparage his successor, Bob Chapek, in private conversations

cm2

Well-Known Member
Full GL Member
Credits
850
Mature Board Viewing
Read from CBR:

According to Puck, Iger has attempted to be diplomatic when discussing Disney's current direction under Chapek and is cautious when it comes to criticism, as evidenced during a recent Q&A session. However, the report suggests Iger has expressed negative views of Chapek in private conversations. His exact comments have not been made available, but his feelings have reportedly only grown more negative owing to Disney's current financial situation and Disney's stock price plummeting.

Over the last year, other reports have emerged, suggesting other Disney executives share Iger's view of Chapek, with some supposedly hoping for the current CEO to fail. The driving belief is that the sooner Chapek steps down as CEO, the sooner the company can recover from its major losses. It should be noted that the negative view of Chapek precedes the current financial situation.

As far back as 2021, a little over a year after Chapek stepped into the role of CEO, there were reports suggesting Disney's creatives and talent were not happy with him, with one Disney executive stating, "Every creative person is leaving or losing power." In fact, Chapek's time as CEO has been marked by a number of conflicts that have not sat well with Disney's employees.

First, there was the dispute between Marvel Cinematic Universe star Scarlett Johansson and Marvel Studios, which resulted in a lawsuit. This was followed sometime after with comments Chapek made about Florida's "Don't Say Gay" Bill and Disney's position on the matter, which compelled employees to walk out from Disney headquarters in the hundreds.
 
Read Bob Iger is back as CEO, from CBR:

Bob Chapek steps down as CEO of The Walt Disney Company, with Bob Iger returning to the position after less than one year of retirement.

Iger's initial successor, Bob Chapek, has stepped down as Disney CEO. Iger now returns to the position after less than one year of retirement. "The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately," the company wrote in an official notice. "Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney's CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term. Mr. Iger succeeds Bob Chapek, who has stepped down from his position."

Susan Arnold, who remains chairman of the board at Disney, said, "We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic. 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." Arnold continued, "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 himself added, "I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO. 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."
 
Back
Top