Very true. With the parks making huge amounts of money now, the stock price dropping doesn't make sense. While park maintenance seems lower and park complaints are up, as long as revenue was up, he was going to stay. I have seen the problem and it is us. As long as we all go and spend money (and more of it) there is no reason to make a change.Kinda had a feeling this was coming when that sad excuse for a Christmas party last year kept selling out. WE are the problem.
He is doing everything they have always wanted.Well, as long as the board are happy with short term profits, then they'll always be in favour. Yet there's been so much discontent with the direction Disney is going in at the moment, it really boggles the mind as to why they'd rather keep Chapek in power.
With the amount of price hikes, it definitely needs to be justified, and eventually, the hikes should zenith to the point that Disney starts to make things more affordable.Was watching a Vlog yesterday that had some interesting ideas about Chapek.
Their view was he came in just before the pandemic hit and the parks shut down. He inherited a huge debit from the Fox purchase. Those things were all out of his control. His first goal was to right the ship financially. Now that seems to be happening. The BIG question now, is will he start putting money back into the parks again?
With the amount of price hikes, it definitely needs to be justified, and eventually, the hikes should zenith to the point that Disney starts to make things more affordable.
Surely he's smart enough to know that the company cannot neglect many billions of dollars of infrastructure that requires continual maintenance. And yet the parks are the most consistent profit center in the entire company. There's a thread from yesterday that told about almost all the attractions in DCA were down yesterday. That kind of operation is not acceptable.The BIG question now, is will he start putting money back into the parks again?
Same here. We sold our DVC and made all of our contract money back.Yeah, no. I finally quit going, until things get better there.
Well, this is a theme park forum primarily, so that is the angle the members come from. That is the concern. That is where they are getting hit the most.Everyone seems to be talking about WDW but Disney is a lot more than just that.
We sold one of our contracts. The price had increased enough that we got back all of the money we paid for the contract, dues for 6 years and money left over. Felt pretty good about 6 years of resort stays for free.Same here. We sold our DVC and made all of our contract money back.
The stock price is down at a factor of 1.7x relative to the market.... just sayin'Everyone keeps talking about the stock price but practically every company's stock price is down. I don't see that as a reason to get rid of him and this is someone that wants to see new leadership
The CEO is directed by the company’s strategic plan which is adopted by the board of directors. Since we don’t have access we can’t say whether or not cost cutting is part of the plan or if a certain level of profitability is the goalHaving been to WDW and DL each year since 2009, DL for the 5 years before that, and then foreign parks, the wife and I have decided we will no longer give our money to them. We’ve cancelled the auto renewal of D23, as well.
This CEO is only concerned about milking every cent he can. It’s no longer even affordable to go with having to buy the tickets AND pay for rides on top of it. The shows now lack quality and substance, as well.
It’s no longer Disney, but Di$ney.