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
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Monday, November 14, 2022. Walt Disney World Magic … Read more
Things aren’t looking great from where Disney CEO Bob Chapek stands. Despite $82 billion in revenue for fiscal 2022, investors are balking, and stock prices are down. Highly respected financial analysts are calling for him to be fired. What’s a beleaguered executive of one of the world’s largest conglomerates to do? Apparently, he cuts jobs … Read more
Disney is planning a targeted hiring freeze and job cuts, CNBC reports. CNBC obtained an internal memo sent from The Walt Disney Company CEO Bob Chapek to executives on Friday, November 11. “Hiring for the small subset of the most critical, business-driving positions will continue,” Chapek wrote, “but all other roles are on hold. Your … Read more
Yesterday, The Walt Disney Company reported on their Q4 earnings [$DIS], and although they “reported record sales and its best revenue growth in more than 25 years,” that wasn’t enough to keep Wall Street and investors happy. The stock has slid more than 11% on today’s opening bell. To date, Disney stock is down 35.5% … Read more
The Walt Disney Company has released a statement about Hurricane Ian now that the storm has passed central Florida. Disney CEO Bob Chapek also sent out a company-wide email to Cast Members about Hurricane Ian. Read the new statement: Our hearts go out to those impacted by Hurricanes lan and Fiona. We are grateful for … Read more
During his first appearance at D23 Expo 2022, The Walt Disney Company CEO Bob Chapek was booed by some of the audience. While the D23 Expo livestream remained silent, the “boo”s are audible in the above video from Twitter user Thomas Lipscomb. Some guests did applaud, but the reaction was mixed at best. The livestream … Read more
The Walt Disney Company CEO Bob Chapek will participate in a question-and-answer session at the Goldman Sachs 2022 Communacopia + Technology Conference later this month. His Q&A will be on Wednesday, September 14, 2022 at 5:00 p.m. ET / 2:00 p.m. PT. The session will be streamed live on The Walt Disney Company website and … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Monday, September 5, 2022. Walt Disney World Magic … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Thursday, August 11, 2022. Walt Disney World Magic … Read more
In an interview with CNBC, The Walt Disney Company CEO Bob Chapek said that more price hikes will likely hit Disney theme parks soon to meet consumer demand. Here is Chapek’s full quote: Well, we always watch our demand. When you’re playing a yield game like we are right now and you have the flexibility … 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
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Sunday, June 1, 2022. Walt Disney World Magic … 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