Everything to know about Disney’s CEO shake-up and its effect on the entertainment giant
Bob Iger returned to the role of chief executive of the Walt Disney Co. in November 2022, replacing Bob Chapek, his hand-picked successor.
The Burbank-based entertainment giant’s board ousted Chapek after nearly three years. Chapek took over the job from Iger in early 2020, just before the COVID-19 pandemic shuttered theaters and shut down Disneyland and the company’s theme parks around the world.
After weathering the effects of the pandemic and a number of controversies, including a legal battle with “Black Widow†star Scarlett Johansson in 2021 and a public spat with Florida Gov. Ron DeSantis in spring 2022, the board extended Chapek’s contract by three years in June, citing his leadership during the pandemic.
But months later investors grew alarmed when Disney reported a $1.5-billion quarterly loss in its streaming operation and Chapek announced cost-cutting and layoffs.
Iger had a 15-year run as CEO executive before Chapek took over. Iger then moved into the role of executive chairman to help during the transition before retiring at the end of 2021.
Disney’s board moved quickly to bring Iger back because he was considering a position at another entertainment company. He is expected to serve as CEO for two years, during which he will groom a successor.
In a seismic shock to Hollywood, former longtime Disney chief Robert Iger will return to lead the entertainment giant, the Disney board announced Sunday night.
The ascent of Daniel, a close Bob Chapek confidant, to the chairman level was a point of pride for many at Disney in 2020, but he headed an organization that angered creative executives.
The Wide Shot newsletter brings you the latest on Disney’s Changing of the Bobs and Netflix’s “Glass Onion†numbers.
Iger spoke about the need to make Disney’s streaming business profitable and signaled that a hiring freeze would remain in place.
Bob Chapek, the recently ousted Disney chief, can’t take all the blame — but Disneyland in 2022 is a lesser experience than it was in 2019.
Disney has a rocky track record when it comes to succession planning. Can Iger defy the company’s own history?
Iger left Disney when it was about to get clobbered by the pandemic. Can he pick up the pieces?
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Bob Iger is back as CEO of the Walt Disney Co. It was a destiny of his own making.
Here are key players in the Walt Disney Co. leadership drama that saw the board bring Bob Iger back as CEO, replacing his former lieutenant Bob Chapek.
Iger has already taken steps to undo some of the organizational changes made by his predecessor, but his return to the company comes with many challenges.
Disney’s board gave Bob Chapek a three-year contract extension in June. Five months later, the board replaced him with predecessor Bob Iger. What happened?
Wall Street applauded Walt Disney Co.’s stunning move to replace CEO Bob Chapek five months after his contract was extended.
Bob Chapek, Disney’s ousted chief executive, is entitled to a salary until mid-2025, a pension of over $16 million and other benefits.
Disney+ is growing, but Disney’s streaming business is losing billions of dollars a year. Cost cuts were signaled during this week’s earnings announcement.
The loss underscores the challenges that legacy media companies face as they spend money on new content to compete with Netflix for subscription dollars.
Bob Chapek spoke to The Times at Disney’s D23 Expo at the Anaheim Convention Center.
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The board of Walt Disney extended CEO Bob Chapek’s contract three more years, citing strong results since the pandemic.
He has the board’s support, but Disney CEO Bob Chapek has had a rough time with DeSantis, a slipping stock and concerns about Disney+. How long will he hold on?
Rice was seen as a possible successor to Walt Disney Co. Chief Executive Bob Chapek.
Current conflict is the latest to reveal underlying tensions that have existed between Disney and religious conservatives for decades as it has embraced the LGBTQ community.
