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Disney CEO Bob Iger steps down as CEO. Bob Chapek will replace him. (CNBC)
- Thread starter 2pac_71
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Apparently the shock is the accelerated timeline and the appointment of someone with mixed reviews at best.
To do "Hi, I'm Michael Eisner," style intros for all the original Disney Plus content.
I'm only like 60% kidding
He looks like a thumb with a face. This should be the stock photo news orgs use when talking about generic corporate people doing generic corporate things.Bob Chapek is next.
Bobs for everyone :v
Transformative leaders are rarely succeeded by the same type. The good ones usually build teams underneath them that are safe, conservative, and risk-averse. Sort of like a counter-balance to the risk-taking leader. The problem is that once the transformative leader is gone, there's no one on the team they built that has the same behaviors and attitudes to continue the run.
If there is anyone like that, the interpersonal dynamics at play amongst the underlings resembles a crabs-in-the-bucket scenario, where anyone with charisma, talent, or uncanny business sense is subverted from within should they succeed the leader. If they're smart (and they usually are), they usually make a jump elsewhere to head something up.
The best Disney can hope for over the next 20 years is a series of middling corporate types who extract maximum value at lowest cost. For those of us who grew up in the '70s & '80s, we've seen that Disney before.
I'm mystified by the decision to leave Bob Chapek (of all people) as CEO, even if only for the transition.
Can't imagine the Board is overtly happy with the penny pinching strategies implemented on the parks, including the whole Galaxy Edge debacle.
Iger has done so much for the Disney brand, that it's hard to believe that he is purposely leaving a zero-charisma trash executive in his steed, to increase the contrast with his own achievements. Unless of course, they are nurturing someone else, that is not ready yet.
Now, even if Iger remains in the company, you have to wonder if there will be other changes in the rest of the leadership.
Can't imagine the Board is overtly happy with the penny pinching strategies implemented on the parks, including the whole Galaxy Edge debacle.
Iger has done so much for the Disney brand, that it's hard to believe that he is purposely leaving a zero-charisma trash executive in his steed, to increase the contrast with his own achievements. Unless of course, they are nurturing someone else, that is not ready yet.
Now, even if Iger remains in the company, you have to wonder if there will be other changes in the rest of the leadership.
Probably the best time to step down too, end on a high note ( 2019 being Disney's biggest year ever ) cause 2020 is probably gonna be an oooof for Disney due to the chronavirus ( Disney Shanghai/ Hong Kong being closed for months, China closing every movie theater indefinitely so no more China box office money for say ....Mulan which was might have been their biggest Chinese hit but now? Who knows even the black widow movie will it be released in China simultaneously remains to be seen ....
This is NOT normal. Even if you want to bow out early you announce it on a Friday with a small transition period. You don't bail THAT DAY. The company had no warning, this is totally unexpected and they are not prepared for it.
Same but I got a laugh out of my thought process. Went all "Oh shit that is a big loss for Disney now that he's leaving... Wait a fucking second I own Disney stock!!! Fuck this is gonna hurt".
For people who complained how the parks were ran under Iger....Bob Chapek will be 100x worse. All he worries about is finding money out of every possible nook and cranny. You don't want the merch guy running the entire show.
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He signed a contract extension through 2021. What is this guy talking about?
Edit: what an asshole.
He signed a contract extension through 2021. What is this guy talking about?
Edit: what an asshole.
However under Iger the parks were open fewer hours, and APs increased to stupid levels. Plus under Iger both DL and WDW saw the overuse of the College Program using temp labor in front line positions leading to lesser guest experience.
Fine, but you don't announce this on a Tuesday three weeks after a quarterly earnings call. I'll counterpoint that with this...
Iger *announcing* he will be stepping down with a plan and end date wouldn't be surprising. Him literally making it effective *NOW* is.
Thank you for this. This motherfucker Clayton Sandell should stay in his lane.
Is he a cost cutter and/or accountant at heart? If they're not planning on a lot more expansion in the near term then the next best move is probably to increase profit margins.
These types don't tend to be inspirational leaders though.
This allows him to him to unleash his true machinations from behind the seems. Bob Chapek is the perfect fall guy.
Well, feel however you want about what Disney is doing from a consumer POV, Iger will basically go down as one of the most successful CEOs in history. Bob #2 has some big fucking boots to fill.
I mean, I get it as it's a big surprise but the guy is still there as executive chairman to oversee the transition.
Yikes
I don't like Chapek as much as the next guy but the parks are thriving despite what some would lead you to believe.
Decline is a harsh word, it's more "short term profits and a hard profit margin" over a healthy sustained business.
Bet ya'll ten dollars he is planning to run as a third party candidate. This is the same week that Perot announced in 1992.
Who is some? It's straight from Disney's mouth. Go check out the earnings reports to see that the parks have been underperforming.
Can someone explain what the hell is going on in the comment section of the cnbc tweet in regards to "q sent me"?
twitter.com
CNBC on Twitter
“BREAKING: Disney CEO Bob Iger to step down. Bob Chapek will be the CEO of Disney immediately. $DIS https://t.co/MDSBArbjWg”
twitter.com
The park quality is in decline over the past few years since they keep cutting cast members and live performances on the street. Those small details matter. Those performances keep parks look busy during a slow day. Last time I went to DL (before RotR opening), Galaxy Edge is kinda dead. A few stroomtroopers walking around at most.
I am also annoyed Chapek's approach on slapping IP to everything during re-theming. Tbh, GotG's Mission Breakout worked for me, but that's because they shouldn't stick to the same concept when they use another ride system for CA's Tower of Terror at first. Pixar Pier and Paradise Gardens are still out of place.
Then Epcot. Like some youtubers mentioned, people like to visit all four parks at WDW because how different they are. If every parks are magic kingdom style, there is little reasons to visit all if you have limited time.
I am also annoyed Chapek's approach on slapping IP to everything during re-theming. Tbh, GotG's Mission Breakout worked for me, but that's because they shouldn't stick to the same concept when they use another ride system for CA's Tower of Terror at first. Pixar Pier and Paradise Gardens are still out of place.
Then Epcot. Like some youtubers mentioned, people like to visit all four parks at WDW because how different they are. If every parks are magic kingdom style, there is little reasons to visit all if you have limited time.
Can someone explain what the hell is going on in the comment section of the cnbc tweet in regards to "q sent me"?
CNBC on Twitter
“BREAKING: Disney CEO Bob Iger to step down. Bob Chapek will be the CEO of Disney immediately. $DIS https://t.co/MDSBArbjWg”
Some fringe conspiracy theory.
I'm guess Bob Iger was a character in their cult narrative or something.