Yeah this falls in line with my own expectations going forward. Never expected Genie/Genie+ to go away, the reservation system probably sticks around but isn’t as tightly controlled as it was under Chapek, and would really love a loosening of the restrictions on hopping.
I kind of think CFO McCarthy goes by the wayside in the near future. Have to cut the waistlines of the C-Suite somewhere.
A whole lot of people seem to be forgetting that many of the things in place now were put in the works by Iger, long before Chapek started. He just gets the blame for it.
He did, but would Iger of implemented it in a different way? Would Iger of made the cuts that Chapek did. We will never know. Unfortunately i think it will be too late to turn many things back.
That's up to the shareholders. They are the only ones that can vote a Director out.
I’m sure they did but not enough confidence to just drop in that quickly to restore some faith in both Wall Street and fans. Iger does that just from a stability standpoint, you likely know what you’re getting with him.
My inclination is that Iger is back to handle PR issues and the movie studio side more than anything. I doubt he is looking too hard at parks at all. Only way we see changes is if the parks leadership has been trying to make a ton of changes and getting pushback from Chapek. If that's the case, then they may be able to make things happen with Iger. If they were the source of the changes, then things might not be much different.
I don't think anybody's forgetting or not aware. Chapek could have rolled things out better - as it stood over the past few years park-goers were hit with a never-ending barrage of price increase after price increase with seemingly little to no return on what we're paying extra for. Costs go up, we see that everywhere, and not unexpected from Disney. It's mainly how they've gone about implementing.
