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Shop NowIt would appear that Disney finally realized getting into a war with Governor DeSantis is not a good idea.
The company has seen lower-than-expected profits, and now they are taking action.
CEO Bob Chapek is no more.
The company announced that Chapek was stepping down and former CEO Bob Iger was being brought back to lead the company over the next two years.
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Board Chairwoman Susan Arnold stated, “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”
She added, “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic.”
In reality, Chapek has put the company in dire straits.
His desire to push a woke agenda has resulted in several box office flops and possible loss of benefits from the state of Florida.
Upon agreeing to come back, Iger stated, “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe — most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration.
“I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.”
I cannot help but think that the Board finally got fed up with woke over profit, and made a move that would be appreciated by DeSantis as well as putting someone in place that he was familiar with from previous years.
Source: Fox Business
