Bob Chapek comments publicly about his time as CEO of Disney

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Bob Chapek

Posted: Wednesday September 6, 2023 10:52am ET by WDWMAGIC Staff

In one of the most in-depth retellings of the turmoil surrounding the CEO role at Disney, CNBC shares in great detail the events that led to the firing of Bob Chapek, and the return of Bob Iger as Disney's CEO.

Bob Iger (left), Bob Chapek (right)

The inside story is based on conversations with more than two dozen people who worked closely with Iger and Chapek between 2020 and 2022.

Most of the key players declined to comment on the report, but Chapek did add to the account via a brief comment made by a spokesperson.

"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."

Bob Chapek

The CNBC story by Alex Sherman also suggests that in Chapek's final weeks as CEO, board members had set up discussions with Disney division heads, including Parks boss Josh D'Amaro, who all told board members that they no longer supported Chapek as CEO.

Read the full story "Disney's wildest ride: Iger, Chapek and the making of an epic succession mess" at CNBC.

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Sneaky3 hours ago

Squishy5 hours ago

Harmonious was already well under development before Josh came in as WDW president.

DisDude335 hours ago

So, he said this yesterday an Inbound which is a Marketing conference my wife goes to every year for her work. Iger has been a speaker there multiple times and I find it interesting that the parks guy is there this year. I could be reading too much into it but this could be a sign that he’s in the lead for the big job.

Lilofan8 hours ago

Aka - Nobody is perfect including me.

HauntedPirate8 hours ago

He and Bob the Lesser share the burden for that steaming pile of garbage.

Tha Realest8 hours ago

Josh was WDW president in 2019 and became Parks chief in early 2020. Harmonius was developed and rolled out under his tenure.

HauntedPirate8 hours ago

Based on what I've seen with my own eyes recently, the only thing that's been an improvement is Luminous over Humongous.

HauntedPirate8 hours ago

He sold 500k shares in June 2021 and, at the time, held another 500k shares. As of January 2024, he had roughly 205k shares of DIS. I also see no evidence of significant stock sales from Bob's portfolio since last October.

JD8012 hours ago

Sorry to hear that about your friend. I was making a joke, sorry I didn't make it more obvious.

Tha Realest12 hours ago

I’ll make sure to tell that to my friend who is having cancerous tumors removed from his lymph nodes on Monday.

JD8012 hours ago

Being busy in real life is no excuse to stop posting meaningless statistics on a message board. How dare you sir.

Tha Realest13 hours ago

Been busy IRL so didn’t realize they finally, after two months, popped up above the Chapek Line again.

JoeCamel23 hours ago

The sales were last year and he has sold his award for the last few years in December. I can't see any evidence that he has sold this year though. He sold 50% of his holdings in 2022 (retirement) and it was not reported because he was not an insider but with the amount of stock he is awarded each year it replenishes his holdings. Bob gets paid in stock awards and cashes in like any prudent investor would, it is bad juju to hold your wealth in the company you work for (Enron) Looks like your article may have been taken from this one as the dates are similar but this predates the other. Maybe he sold it in several places but that was posted in February and referenced sales that took place in 2023