In a wide ranging article that totals roughly 13,000 words, CNBC recounts the bumpy ride that was the Chapek-era at Disney. From CEO Bob Iger’s regret in choosing Bob Chapek to inside stories about the tension between the two men over the nearly 3-year timeframe, the article provides an unparelled inside look at the failed succession planning by Iger.
Since his firing in November 2022, Chapek has remained silent about his time as CEO and his firing. Now, a statement from a Chapek spokesperson defends his time as CEO:
Bob is proud of the work he did in the course of his 30-year career at Disney, particularly during his nearly three-year run as CEO, steering the company through the unprecedented challenges of the pandemic, and setting the course for business transformation as he and his team took the disruptive yet necessary steps for business revitalization and long-term growth
For the hardcore Disney fan, the article is worth a (long) read. It shows how Iger allowed ego and a miscalculation to define his time as the Executive Chairman of Disney following the promotion of Bob Chapek. It also shows how Chapek never settled into the job, always assuming Iger was going to grab the reigns again as Iger made his presence felt at the company.
Iger now faces a bumpy road of his own as he tries to right the ship, but is struggling to find footing as Disney stock hovers at its lowest point since 2014. Back in July, Iger’s contract was extended through the end of 2026 unanimously by the Disney Board.
As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news, photos, and info from around the Disney Parks!