Bob Iger and Bob Chapek

Bob Iger Takes CEO Responsibilities Back from Chapek, Disney Company Downsizing Expected Once Dust Settles from Pandemic According to New York Times

The Walt Disney Company has seen a number of changes in quick succession in the past few weeks, from appointing Bob Chapek as new CEO to facing the crippling economic effects of the ongoing Coronavirus (COVID-19) pandemic. Throughout the current crisis, however, only one voice from the upper echelons of the company has spoken out, and that’s former CEO Bob Iger. A recent post by the New York Times delves deeper into the current circumstances surrounding leadership at Disney, from Bob Chapek’s deafening silence to the potential of a downsizing and restructuring within the company.

In the New York Times piece by Ben Smith, he covers how Bob Iger, in an attempt to transition into retirement, has been faced with reasserting control and reimagining Disney in a time of crisis. Essentially, he’s quietly taken back his responsibilities while Chapek is still CEO:

“And now, Mr. Iger has effectively returned to running the company. After a few weeks of letting Mr. Chapek take charge, Mr. Iger smoothly reasserted control, BlueJeans video call by BlueJeans video call. (Disney does not use Zoom for its meetings for security reasons.)

The new, nominal chief executive is referred to, almost kindergarten style, as “Bob C,” while Mr. Iger is still just “Bob.” And his title is “executive chairman” — emphasis on the first word.

Mr. Iger is now intensely focused on remaking a company that will emerge, he believes, deeply changed by the crisis. The sketch he has drawn for associates offers a glimpse at the post-pandemic future: It’s a Disney with fewer employees, leading the new and uncertain business of how to gather people safely for entertainment.”

With the pandemic wreaking havoc on the economy and still no opening date in sight for many Disney Parks, Iger has commented on new health and safety screening measures for guests at the parks. The Times piece goes on to infer that the company will be downsizing following the pandemic to streamline its operations and be better prepared to weather a similar situation down the road:

“Mr. Iger, meanwhile, is trying to figure out what the company will look like after the crisis. One central challenge is to establish best practices for the company and the industry on how to bring people back to the parks and rides while avoiding the virus’s spread — using measures like taking visitors’ temperatures.

Mr. Iger also sees this as a moment, he has told associates, to look across the business and permanently change how it operates. He’s told them that he anticipates ending expensive old-school television practices like advertising upfronts and producing pilots for programs that may never air. Disney is also likely to reopen with less office space. He’s also told two people that he anticipated the company having fewer employees. (Mr. Iger said in an email on Sunday evening that he had “no recollection of ever having said” that he expected a smaller work force. “Regardless, any decision about staff reductions will be made by my successor and not me,” he added.)”

The full piece goes into far greater detail and can be read in full here.

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alex
alex
1 month ago

just wow

Mandy, yes, that one
Mandy, yes, that one
1 month ago

Anyone else, while reading the article and seeing the words “Mr. Chapek,” hear Colleen’s secretary puppet voice?

Royce
Royce
1 month ago

Bob Iger is back in control? But he / Eisner has never surrendered control. —- Imagine how Bob Chapek’s credibility is right now. HERE is the new CEO Bob Chapek – but he is unfit to run things in an emergency — so I am back. ——- I bet Bob Chapek will step aside – and this guarantees that Michael Eisner will get the Disney Legend award in 2021 at D23 — It’s a win-win for Iger & Eisner.

Julian Villario
Julian Villario
1 month ago

Sounds like that title is a lil misleading huh?🤔🧐

Than
Than
1 month ago

Let’s do the Bob CEO shuffle!

Ramon C of PSL
Ramon C of PSL
1 month ago

I’m glad to see that someone is taking some type of action. I do think the Disney Corporation took too long to take action on the problem.

Brian
Brian
1 month ago

The more I hear the less I want to keep my paid-for plans for September. I don’t mind temp checks, but it’s probably going to happen when you enter each park and possibly each resort or restaurant. All of my later plans are fully refundable until August, but I need the parks open and I can see what’s going on before I pull the cancellation trigger. If by August 3rd if only the Magic Kingdom and Hollywood Studios are the only parks open I’ll cancel. I bought an annual pass in February for just shy of $1,300 after tax and… Read more »

Robert
Robert
1 month ago

Good. If they lay off employees, they should also reduce costs to visit. The only reason they kept raising prices was to pay for the increase in salary. Which makes no sense, they only make $3 billion a year just from the movies alone.

BigAl
BigAl
1 month ago

I wonder if this is a “no confidence” vote in Bob Chapek? Does the board fell better with a tried and true Bob Iger at the helm? Or is it that Bob Chapek doesn’t want his entry into this position to be tarnished by starting out his leadership in a trying time for the company?

Balad
Balad
1 month ago

This is a signal that the board doesn’t have confidence in Chapek. That Bald Son of B**tch shouldn’t have been promoted. Some One like Josh D’Amaro would have been a much better choice.

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