FromMyColdDeadHand
11-21-22, 08:42
https://fortune.com/2022/11/21/bob-chapek-disney-ceo-bob-iger-tenure-replacement/
Chapek, then the head of Disney’s parks division, took over the CEO position from Iger in 2020. Yet the new CEO quickly garnered criticism for public relations missteps, political controversy, and unpopular business decisions—which, combined with Disney’s recent poor earnings, may have pushed the board to replace Chapek. Disney shares are down 41.4% overall for the year.
I'd like to think that the woke BS was why he got whacked, but as CEO, 41% stock loss will get you whacked just because.
Chapek, then the head of Disney’s parks division, took over the CEO position from Iger in 2020. Yet the new CEO quickly garnered criticism for public relations missteps, political controversy, and unpopular business decisions—which, combined with Disney’s recent poor earnings, may have pushed the board to replace Chapek. Disney shares are down 41.4% overall for the year.
I'd like to think that the woke BS was why he got whacked, but as CEO, 41% stock loss will get you whacked just because.