Bob Iger Steps Down As CEO Of Disney

[ZariusTwo]

Bob Iger has stepped down as CEO of Disney, replacing him is Disney theme park chairman Bob Chappek

https://www.cnbc.com/2020/02/25/disn...-next-ceo.html

[oldmanwinters]

I figured he might be close to retirement, but I am surprised by the abruptness of this announcement.

[AquaParade]

The timing seems right, like Bob Iger mentioned. Hasn’t he been hinting at this?
The new guy seems very accomplished, but it is interesting to note that he came up with the vault concept.

[frank_one]

They should have replaced him with a woman. Shame on them.

[Vegita-San]

a certain disney investor made it his woke point to make me his mortal enemy and my life an annoyance on another forum.

I'ma just gonna leave this here and think of irony and karma .




I can only hope this means better things for star wars. apparently ESPN is phasing out it's 'woke' programming. maybe this is a course correction due to money loss across the board.

[Andrew NDB]

I wonder if this is good or bad for Kathleen Kennedy.

[TommyT]

The deal with AT&T is going to be announced soon.

[sdp]

This was known it was going to happen, Iger had already stated it so it's no surprise really. Who knows how his successor will do, Iger was an amazing CEO, he completely turned Disney around when it comes to finances and power, they were doing bad under Mike Eisner before him.

Regardless of what you think of Disney, Bob Iger was very good at his job. I hate what he did to Star Wars for example but I still look at how well he managed the company with tons of respect.

Originally Posted by Andrew NDB

I wonder if this is good or bad for Kathleen Kennedy.

I don't think it's good for her, but it's not necessarily bad either. I don't think Iger was protecting her, more of "Lucas left her in charge so I'll let her run things and tell her how things are run around here." Most likely he would've gotten rid of her if things continued to go badly with Star Wars. New CEO likely will leave her do what she knows best before trying to step in, only if he wants to turn the ship right would he do something but I also don't think he would appoint someone necessarily good.

Originally Posted by Vegita-San

I'ma just gonna leave this here and think of irony and karma .

The stock dropping means nothing, it's perfectly normal for the market to react like this when a CEO leaves, especially a great CEO like Iger. Only reason it didn't go down more is because it was already known it was going to happen so price had already adjusted with that in mind months ago.

It'll recover easily and it'll take a while before the new CEO can either screw it up or make Disney even bigger. More likely things will remain status quo without big changes in Disney for the next few years until the company needs to evolve again and it takes steps to do it.

Originally Posted by TommyT

The deal with AT&T is going to be announced soon.

Except it's not, trust me. I can assure you I have more "insider" friends regarding AT&T than any of the things you might have heard.

[Leo656]

I keep waiting for someone whose Dad totally works at Nintendo to add their two cents to the rumors. Just to tie it all together.

[Egon1982]

Good cause Disney is out of control and buying too much things and needs to go back to quality

[Egon1982]

Who else is glad Bob "I wanna buy everything" Iger is stepping out in favor of someone who can bring the disney back to disney?

[Andrew NDB]

Originally Posted by Egon1982

Who else is glad Bob "I wanna buy everything" Iger is stepping out in favor of someone who can bring the disney back to disney?

Fox: "We want to sell!"

George Lucas: "I want to sell!"

A really, really stupid company that is in the position to buy either/both: "We don't want to buy."

[CylonsKlingonsDaleksOhMy]

Originally Posted by Andrew NDB

Fox: "We want to sell!"

George Lucas: "I want to sell!"

A really, really stupid company that is in the position to buy either/both: "We don't want to buy."

Exactly. It's good business. Acquire, Brok, acquire!

[AquaParade]

He’s the fall guy.

But I don’t think he was woke. He initially tried to stay out of the Florida controversy, but his own employees undermined him for not taking a stance. So, he took a stance and got Republicans completely heated at him.

He tried to stay out of the politics and found out he couldn’t.

Many people are celebrating Iger’s return but it was mostly his work that got Disney in the position they are in now.

[Andrew NDB]

Yeah. That's about right. These guys are somewhat clones of one another in terms of vision. Maybe one talks better or handles pressure somewhat better, or maybe one is willing to make harder calls than the other, but it's the same thing by another name. It SEEMS. Neither of these guys have ever seemed particularly humanized by standards that we can understand or see.

The only story I see that seems to be true that speaks to that is that when the Spider-Man rights were for sure going back to Sony and there wasn't going to be a renewal, Tom Holland called Iger drunk and somehow convinced him to play ball with Sony on things. And he did. And we got No Way Home and some other as yet appearances.

[IMJ]

Well either way it's fine. These people will always cloud the truth with any variable they can to suit their agenda.

And so, if you get rid of one of two figureheads, and things stay woke and don't make the money in ratios they projected, then you have no choice but to admit the truth. So whichever Bob they have left won't matter.