Bob Iger to step down

[Alicenwonderment]

So I saw this breaking news and wonder what people think. It seems so sudden. https://www.cnbc.com/2020/02/25/disney-names-bob-chapek-next-ceo.html

 

[spokanemom]

I saw that pop up on my phone. It will be interesting to dissect.

 

[DisneyCowgirl]

Can't wait for next week's podcast to hear Pete's take on this.

 

[DisneyCowgirl]

Actually, don't have to wait til next week for Pete's reaction--just head over to the DCL group on facebook where he posted it!

 

[doconeill]

Interesting that a Parks guy is taking over instead of a Studio suit...

 

[Ross Kratter]

Interesting that a Parks guy is taking over instead of a Studio suit...

Chapek is much more a Consumer Products guy than he is a Parks guy, which is why those two departments merged.

 

[doconeill]

Chapek is much more a Consumer Products guy than he is a Parks guy, which is why those two departments merged.

Well, he's at least closer than any predecessor...

 

[The Pho]

Well, he's at least closer than any predecessor...

Maybe in title but not in practice.

 

[lntx]

what do people not like about Bob Chapek? I'm not familiar with him?

 

[The Pho]

what do people not like about Bob Chapek? I'm not familiar with him?

To put it simply, he’s been the one in charge of a lot of the budget cutting in the parks.

 

[brightlined]

His nickname in some the parks community is "Bob Cheapek".

 

[SorcererHeidi]

I have to admit that I don't know a lot about Chapek, beyond hearing Pete's obvious displeasure with him on shows, and I also thought it was VERY sudden, and unexpected (as far as I know), and I wonder what precipitated the urgency?

 

[rteetz]

To put it simply, he’s been the one in charge of a lot of the budget cutting in the parks.

And before that comes from marketing and consumer products. People associate him with making the parks more about the products and less about experience in a way.

 

[TomorrowlandKD]

Oh god not Chapek.

Ugh, I really like Iger.

 

[doconeill]

I seem to recall that Iger wanted to do this a lot earlier, but was convinced to stay longer...the announcement does seem sudden, but maybe we wanted to get the final clock running?

 

[TomorrowlandKD]

5:30pm live interview with Iger on MSNBC. Tune in!

 

[disneyland_is_magic]

I am trying to decide if having the Asia parks closed makes this timing worse, or better, in that the profits were going to be a mess anyways. Maybe the idea was have the same quarter take the hit of losing Iger that was inevitable.

I wonder if the parks being closed and the stock considerations played into his decision.

 

[windcriesamy]

I can see Chapek as a CEO, but I'm worried about him being the CEO of Disney.

 

[jimmymc]

I don't see situations in parks improving anytime soon. More reduced hours, more staff cuts, fewer full-time employees.

 

[TomorrowlandKD]

I can see Chapek as a CEO, but I'm worried about him being the CEO of Disney.

This. Make him the CEO of the garbage can designs in the parks, or the CEO of churro flavors. But pleeeease!! (said in the Splash Mountain tone).....don't let him run the entire company!