Disney ousted chief executive Bob Chapek on Sunday and announced that it had brought back former CEO Bob Iger to once again take the reins. The change, a dramatic turn of events for one of the largest media conglomerates in the world, was effective immediately, Disney said in a statement. "We thank Bob Chapek for…Disney ousted chief executive Bob Chapek on Sunday and announced that it had brought back former CEO Bob Iger to once again take the reins.
The board of directors decided that as the company “embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead.” Iger, now 71, had promoted Chapek as his replacement in 2020 but the relationship soured and by early this year the two rarely spoke. Chapek upset many of Disney’s 200,000 employees earlier this year with how he handled the “Don’t Say Gay” law in Florida, where a Disney theme park is located. The law bars public schools from teaching learners in kindergarten through third grade about sexual orientation or gender identity.The scandal prompted Florida to end Disney’s self-governing status in its Orlando theme park, which comes into effect in June 2023.
But costs were also rising sharply and Chapek last week announced company-wide cost-cutting measures and said layoffs were likely.
He's just as bad as Chapek. He started all these woke garbage with Disney.
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