Bob Chapek, former CEO of The Walt Disney Company, complained to Florida Governor Ron DeSantis about having to get involved in the controversy surrounding the Parental Rights in Education bill, a.k.a. the “Don’t Say Gay” bill. DeSantis wrote about Chapek calling him in his new memoir “The Courage to be Free: Florida’s Blueprint for American … Read more
According to a report on CNBC, The Walt Disney Board was in discussions with Bob Iger on Friday evening about coming back as CEO. A deal was reached last night. At that point, Chapek was notified of the decision, but not until moments before the announcement went public on Sunday. CNBC’s David Faber reported on … Read more
There were two farewells this past Sunday evening, Elton John’s Farewell Tour was live-streamed from Dodgers Stadium on Disney+ and The Walt Disney Company said goodbye to CEO Bob Chapek and hello … again … to Bob Iger. Today, as the markets opened up, Disney stock [$DIS] soared as investors and fans alike cheered Iger’s … Read more
According to a report from Business Insider, the transition to Bob Chapek as CEO of The Walt Disney Company did not go as former CEO Bob Iger had planned. Iger had intended to spend his last year as CEO of Disney on a global goodbye tour, but this was canceled due to COVID-19. Iger had … Read more
Last week, the board of directors for The Walt Disney Company voted unanimously to extend CEO Bob Chapek’s contract three more years, despite public dislike for the CEO. The SEC filing now makes the details of the contract extension public. Chapek’s contract will now expire on July 1, 2025. His base salary of $2.5 million … Read more
As rumored a few days ago, the board of The Walt Disney Company has voted to extend CEO Bob Chapek’s contract another three years. The vote, which took place at the board’s annual retreat in Florida, was unanimous. Chapek is also a member of the board. With just nine months left on Chapek’s contract, many … Read more
According to The New York Times, Disney CEO Bob Chapek fired both Peter Rice and Geoff Morrell, whose breaks with the company were both officially framed as “departures.” Geoff Morrell exited The Walt Disney Company in April, less than four months after taking over as chief communications officer. We learned earlier today that Disney General Entertainment Chairman … Read more
In an official statement, The Walt Disney Company’s board backed CEO Bob Chapek and his leadership. Susan E. Arnold, chairwoman of the board, said in the statement to the New York Times, “The strength of the Walt Disney Company’s businesses coming out of the pandemic is a testament to Bob’s leadership and vision for the … Read more
CEO of The Walt Disney Company Bob Chapek continues to make mistakes and disappoint fans, fueling speculation that he may be removed from his position. Business Insider spoke to ten insiders — including Disney executives, consultants, and board governance experts — about Chapek. “At the highest levels of Hollywood, [there’s] a consensus that Chapek is … Read more
According to CNBC, Disney CEO Bob Chapek and former CEO Bob Iger had a falling out and no longer keep in close contact. The falling out occurred around the time Iger resigned as CEO of The Walt Disney Company. Iger resigned as CEO in 2020 just weeks before all Disney Parks shut down due to … Read more
In a letter to employees of the Walt Disney Company today, CEO Bob Chapek announced Disney would be pausing all political donations in the state of Florida. Chapek apologized to Cast Members for not taking a stand against the “Don’t Say Gay” bill in Florida earlier. “We are hard at work creating a new framework … Read more
Disney CEO Bob Chapek has sent another email to employees and Cast Members of The Walt Disney Company apologizing for not taking a stance against the “Don’t Say Gay” bill earlier. The letter was also shared on The Walt Disney Company website. Read the full email below. To my fellow colleagues, but especially our LGBTQ+ … Read more
During today’s annual shareholder meeting, Disney CEO Bob Chapek addressed Florida’s “Don’t Say Gay” bill once again, this time finally denouncing it. Chapek acknowledged that many were disappointed by his failure to speak out earlier. “We were opposed to the bill from the outset but we chose not to take a public position on it,” … Read more
The office of Governor Ron DeSantis has released a statement regarding Bob Chapek contacting them about the “Don’t Say Gay” bill. During today’s shareholders’ meeting, CEO Bob Chapek finally took a stand against the “Don’t Say Gay” bill, which recently passed the Florida senate. The bill would still need to be signed into law by … Read more
During today’s annual shareholders’ meeting, CEO Bob Chapek once again mentioned bringing The Walt Disney Company into the world of sports betting through ESPN, in an effort to attract younger audiences and create new revenue. Chapek wants to “transform sports broadcasting into [a] multidimensional ecosystem” with betting and the metaverse. Chapek was also previously quoted … Read more
At the (virtual) annual shareholders meeting today, Chief Executive Officer Bob Chapek (and the 10 other officers) was re-elected to the Board of Directors. Despite a grassroots campaign to oust him from the Board, Chapek was preliminarily re-elected to the position today. Final voting results will be available within four business days but the early … Read more