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I'm less shocked by this than I thought I would be. Chapek was a weird choice to begin with, and the way Iger transitioned out was very unlike him. I've always

by madrox 4y ago

I'm less shocked by this than I thought I would be. Chapek was a weird choice to begin with, and the way Iger transitioned out was very unlike him. I've always suspected there was a reason for it we never heard about. My personal theory has been he was trying to broker a merger between Apple and Disney the last couple years, but COVID and Chapek's management made that a bad deal.

coolandsmartrr 4y ago
I've always wondered why Chapek was picked. It seems that CEO often choose head of the most successful division as successors (e.g. Amazon's Jeff Bezos choosing then-AWS chief Andy Jassy as CEO). Meanwhile, Disney parks invested massively into the struggling initiative of digitization. Additionally, Chapek's timid personality did not seem as conducive in the people-centric entertainment industry.
- MichaelZuo 4y ago
  Disney is known for having byzantine internal politics, which was likely kicked up a notch with the FOX acquisition. With so many executives all maneuvering it likely was the least painful option to pick him.
- BuyMyBitcoins 4y ago
  Bob Iger was a tremendously successful CEO. CEO’s tend to have big time egos, and successful ones seem to not like the prospect of being outdone by their immediate successor. Perhaps it is similar to the phenomenon of presidential candidates picking lackluster VPs for their running mate? If you really want to think in a Machiavellian way, perhaps Iger hand picked Chapek to act as a fall guy so that market pressure would hit the stock during his watch and not spoil his own tenure. The most likely thing is that Chapek was simply seen as failing to maintain all the growth Iger managed to deliver and they want him back in order to try claw some of that stock price back.
no_butterscotch 4y ago
> My personal theory has been he was trying to broker a merger between Apple and Disney the last couple years, but COVID and Chapek's management made that a bad deal. History is muddled due to the last few years, I thought Iger got caught up in a "#metoo" situation. But that was probably someone else.

by madrox 4y ago

coolandsmartrr 4y ago

I've always wondered why Chapek was picked. It seems that CEO often choose head of the most successful division as successors (e.g. Amazon's Jeff Bezos choosing then-AWS chief Andy Jassy as CEO). Meanwhile, Disney parks invested massively into the struggling initiative of digitization. Additionally, Chapek's timid personality did not seem as conducive in the people-centric entertainment industry.

MichaelZuo 4y ago
Disney is known for having byzantine internal politics, which was likely kicked up a notch with the FOX acquisition. With so many executives all maneuvering it likely was the least painful option to pick him.
BuyMyBitcoins 4y ago
Bob Iger was a tremendously successful CEO. CEO’s tend to have big time egos, and successful ones seem to not like the prospect of being outdone by their immediate successor. Perhaps it is similar to the phenomenon of presidential candidates picking lackluster VPs for their running mate? If you really want to think in a Machiavellian way, perhaps Iger hand picked Chapek to act as a fall guy so that market pressure would hit the stock during his watch and not spoil his own tenure. The most likely thing is that Chapek was simply seen as failing to maintain all the growth Iger managed to deliver and they want him back in order to try claw some of that stock price back.

no_butterscotch 4y ago

> My personal theory has been he was trying to broker a merger between Apple and Disney the last couple years, but COVID and Chapek's management made that a bad deal. History is muddled due to the last few years, I thought Iger got caught up in a "#metoo" situation. But that was probably someone else.