The Walt Disney Company's board announces Bob Chapek will step down as CEO and be replaced by Bob Iger for two years effective immediately; stock jumps 5%+
The Hollywood Reporter Alex Weprin
Related Coverage
- Bob Iger is returning to head Disney as Bob Chapek steps down TechCrunch
- The Walt Disney Company Board of Directors Appoints Robert A. Iger as Chief Executive Officer Business Wire
- A Disney senior staff rebellion put the final nail in Bob Chapek's CEO coffin Fortune
- Bob Iger named Disney CEO effective immediately CNBC
- Outgoing Disney CEO Bob Chapek Likely Leaves With at Least $23 Million Bloomberg
- Inside Bob Iger's return to Disney: A senior executive's outreach to the former chief followed months of complaints to the board about CEO Bob Chapek Insider
Discussion
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Vox
Peter Kafka
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Bob Iger's Disney challenge: Solve the problem he helped create
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@reedhastings
Reed Hastings
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Ugh. I had been hoping Iger would run for President. He is amazing.
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@jacobrubashkin
Jacob Rubashkin
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Bob Iger just sent a company wide email telling all employees to print out their ten best pages of scripts and bring them to the 15th floor of Disney HQ by 1am for review
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@bchesky
Brian Chesky
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Bob Iger is one of the best CEOs in the world, and I hope he brings more creative experimentation back to Disney. Walt's last words in his 1966 shareholder letter explained why Disney didn't do sequels. I hope Bob balances existing franchises with more new ideas and stories https…
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@matthewstoller
Matt Stoller
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Bob Iger is your standard empty suit who did a bunch of acquisitions, kissed up to Chinese leaders by censoring his movies, and was nice to celebrities. The business press full court praise for Iger on display right now is embarrassing. https://twitter.com/...
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@perezhilton
Perez Hilton
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Is this Disney admitting this last year has been a disaster?! https://deadline.com/...
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@joannastern
Joanna Stern
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Chapek is out. Iger is in again. Call it Disney-+! https://www.wsj.com/... https://twitter.com/...
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@modestproposal1
@modestproposal1
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This by @benthompson “To put all of this a different way, if Iger is coming back because he disagrees with Chapek's tactics, well, that strikes me as a bad idea: Chapek played the hand that was dealt him by Bob Iger.” https://twitter.com/...
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@dkthomp
Derek Thompson
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TLDR Bob Chapek did a bad job; but he did a bad job with a hand that Iger kinda dealt him. Iger is a genius; but he faces a huge challenge, with Disney transitioning between a declining profitable business and a growing unprofitable business.
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@dkthomp
Derek Thompson
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Iger-Chapek Reaction Thread 1. Holy shit.