Disney’s fired CEO Bob Chapek was an absolute disaster – good riddance
Mr. Iger, whose creative contributions during his 15 years as CEO included the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox, stepped down in 2020 but stayed on as executive chairman until the end of 2021 to help his handpicked successor get settled.
Ms. Johansson sued Disney for breach of contract, saying Mr. Chapek’s strategy cost her millions of dollars in lost revenue. The ensuing public bickering between the actor and the CEO was embarrassingly non-Disney. He even stirred controversy at Disney’s theme parks. He raised prices and fiddled with attraction features and loyalty programs such as the Magic Key for annual passholders.
His tone deafness was reflected in the dismal financial results reported by Disney on Nov. 8, when its performance missed analysts’ expectations for both revenue and earnings per share – a rare stumble for the company.
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