Chapek out!! IGER BACK IN!!!

Discussion in 'PIXELMANIA!' started by Joanie Eddis-Koch, Nov 20, 2022 at 9:12 PM.

  1. Here's the press release from Disney -

    BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. 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.

    “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of the Board. “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.”

    “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,” she said.

    The position of Chairman of the Board remains unchanged, with Ms. Arnold serving in that capacity.

    “I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,” Mr. Iger said. “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.”

    During his 15 years as CEO, from 2005 to 2020, Mr. Iger helped build Disney into one of the world’s most successful and admired media and entertainment companies with a strategic vision focused on creative excellence, technological innovation and international growth. He expanded on Disney’s legacy of unparalleled storytelling with the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox and increased the Company’s market capitalization fivefold during his time as CEO. Mr. Iger continued to direct Disney’s creative endeavors until his departure as Executive Chairman last December, and the Company’s robust pipeline of content is a testament to his leadership and vision.
  2. zackiedawg

    zackiedawg Member Staff Member

    WOOOOOOO HOOOOOO! Yipee! Zip-a-dee-doo-dah, zip-a-dee-day! Dint Dong, the witch is dead!
    I know not much will change, but at least maybe all that future damage Chapek was planning can be halted. And hopefully, Iger will do a little better this time in picking a successor who Walt wouldn't have personally punched in the face.
    Joanie Eddis-Koch likes this.
  3. It's amazing isn't it... Like unbelievably amazing that the thing we were all wishing for actually happened.

    The company is in a knot from a financial perspective and the parks have turned into a garbage experience.

    Hopefully this change marks a turning point.
    jbwolffiv likes this.
  4. zackiedawg

    zackiedawg Member Staff Member

    So far, of all the 50th anniversary things Disney has done this year - this one is the best one yet.

    I don't expect any big changes anytime soon - takes a while...and I don't expect to see costs dropping anytime soon either. But putting some magic and some perks back into the experience, cleaning up and touching up, appreciating your biggest fans, and hopefully ending some of the pandemic changes that have been left in place like park reservations, no early park hopping, and reducing staff at the expense of running rides, operating restaurants and stores, and overall maintenance, entertainment, and cleanliness...those changes would at least make it feel like you're spending more to get a premium or special product.

    The last few years, everything related to the parks has gone downhill - cleanliness, ride maintenance, food quality, wait lines, freebies being taken away and charged for, relentless add-on charges and special access for those willing to pay even more, all while park prices and hotel prices have gone up.

    Give more - charge more
    Give less - charge less
    Give the same - charge a bit more

    All of those models are acceptable to different degrees. But the model we've had has been
    Give less - charge more, then charge more again - then give even less

    That model needs to go to the retirement home with Mr. Chapek.
    jbwolffiv and Joanie Eddis-Koch like this.
  5. Tim

    Tim Administrator Staff Member

    Just remember most of this nonsense started under Iger.

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