food IS a theme park
With Bob Iger’s return as the Disney CEO, many are expecting a major shakeup when it comes to executives at The Walt Disney Company.
©Alberto E. Rodriguez / Getty Images
Now, we’ve seen one of the first moves that Iger is making to adjust leadership and reshape the company into his own vision. [Read more…]
In a sudden turn of events, Bob Chapek is no longer Disney’s CEO and Bob Iger has returned to lead for 2 years.
©Disney
We’ve shared a look at Disney stock values following the news of Iger’s return, a look at why Disney replaced Chapek with Iger, and celebrities’ reactions to the news. But now we’ve got more details about the determination made before Chapek was removed and what his exit payment could look like.
On Sunday, November 20th, Disney announced that Bob Iger would be taking over the position of The Walt Disney Company CEO as Bob Chapek steps back.
©Reuters
Since the news broke, we’ve seen stock rise and learned why this decision was made when it was. Disney fans and celebrities have been sharing their opinions on social media as well. But now, Bob Iger’s salary and more details about the switch in CEOs has been released.
In case you missed it, Walt Disney Company CEO Bob Chapek has stepped down from his position and has been replaced by former CEO Bob Iger.
©Reuters
The Disney Board of Directors announced this change late in the evening on November 20th, noting that Bob Iger would resume his role as CEO effective immediately, and Disney’s stock values proceeded to increase significantly the following Monday morning. Many people have been commenting on this change and what it could mean for the future of The Walt Disney Company, and we’ve compiled some of the reactions we’ve found across social media.
Bob Iger has taken over as CEO of The Walt Disney Company (again) after it was announced that Bob Chapek would no longer fill the role.
©CNBC
The news was about as stunning as Iger’s initial announcement that he would be stepping down in early 2020, just weeks before the COVID-19 pandemic would force Disney to halt theme park operations. The company’s Board of Directors had voted earlier in 2022 to extend Chapek’s by three years — after the then-CEO had already faced criticism for price increases in the parks, Annual Pass program changes, and even his political decisions regarding Disney’s response to Florida’s Parental Rights in Education (or “Don’t Say Gay” per critics) law. So, why was the decision to replace Chapek with Iger made now, and why so (seemingly) sudden?
Wall Street has shown its instant approval today for the moves The Walt Disney Company made on Sunday night — replacing Disney CEO Bob Chapek with former CEO Bob Iger. Disney stock jumped up in the early morning, pre-trading hours. Disney fans on social media are also speaking loudly in approval of the change.
©Reuters Everything old is new again … Disney CEO Bob Iger
But with all of the “huzzahs!” and stock purchases and general warmth around this move, fans are commenting about all the “changes” they are expecting to “bring the magic back” to Disney Parks. But should we really expect any significant change in the parks with Iger back in charge?
Bob Iger is back as Disney’s CEO and the Company is already being affected in a key way.
©Reuters
Late on Sunday night (on November 20th), the Disney Company announced that Bob Chapek (who took over the CEO role suddenly in 2020 and whose contract had recently been extended for several more years) had stepped down and Bob Iger would serve as the Disney CEO once again for 2 years. So just what has already changed at Disney following this news?
Disney CEO Bob Chapek will step down from his position, and former CEO Bob Iger will take his place.
Bob Chapek ©Disney
The announcement came late Sunday, November 20th, from the Disney Board of Directors. [Read more…]
Finish this phrase: Disney’s next Chief Executive Officer (CEO) should…
©CNBC
Disney has had several CEOs over the years, some of whom fans have appreciated or criticized more than others. We’ve covered many of the statements and opinions from Disney’s most recent CEOs — Bob Iger and Bob Chapek (Chapek continues to serve as CEO). Chapek’s contract as CEO has been extended for a few more years, but eventually, Disney will have a new CEO that will take his place. What qualities should that new CEO have? We reached out to our readers via Facebook and they had a LOT of opinions.
Former Disney CEO, Bob Iger, continues to keep himself busy and be at the center of some news stories.
©Alberto E. Rodriguez / Getty Images
We’ve seen Iger invest in a delivery startup service, reportedly comment on the selection of Bob Chapek as a successor CEO, and even weigh in on the passing of Queen Elizabeth II. And now there’s been another update involving Iger and U.K. royalty.
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
