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Bob Iger Returns as Disney CEO
- vietthan 4y agoHas there been other situations like this before? Successful CEO gives up the helm to essentially retire but then brought back because his hand-picked successor underperformed? Ps: this is just like that Thanos meme
- quantumfissure 4y agoDidn't Microsoft and Apple both do this in the early-Mid 2000's? I believe Bill Gates and Steve Jobs both 'retired' but were both brought back upon poor performance?
- theli0nheart 4y agoNo. Steve Jobs didn’t “retire”—the board fired him. And he was only reinstated as CEO because Apple bought his new company, NeXT. Bill Gates never came back once he left.
- quantumfissure 4y agoAhh, you're right, I remembered wrong. Gates stayed on as a board member.
- Cupertino95014 4y agoWell, look up Teddy Roosevelt and William Howard Taft. TR favored Taft as his successor, but then became disenchanted with him and tried to overthrow him in 1912. When he didn't get the nomination, he ran as a third party candidate ("the Bull Mouse Party"), which drew enough votes to win Woodrow Wilson the Presidency.
- 1123581321 4y agoMore directly, Grover Cleveland. President, defeated in re-election bid by Harrison, then came back and defeated Harrison’s re-election bid and became president again.
- Cupertino95014 4y agoYou're right. Cleveland didn't actually choose Harrison, though.
- 1123581321 4y agoAh, true. Though, tangentially, I had trouble seeing how Chapek could have truly been zinger’s choice from the start. Especially given Iger’s sudden resignation.
- nameless912 4y agoHappened to P&G back in the early 2010s with AG Laffley. I know because my parents were both executives who lived through it, and quite a few colorful thoughts about AG's replacement before the board dumped him and brought AG back.
- kwanbix 4y agoAnecdote: 2 months ago I was in paris in Disneyland Paris. I have been to the US parks many times, the last one about 2018. The FastPass was free, you just pick them from the machines, and the last time (again 2018), you have them on your cellphone. Now in Paris, the Fast Pass was 720 euros per day for the fourth of us, 1440 for the two days we had tickets for the parks.
- Fatnino 4y agoThere is a finite number of visitors a park can handle per day. Number of rides * capacity per ride per day / number of rides a visitor expects to experience without feeling ripped off. I suspect that on peak days Disney will often sell way more tickets than this number. The addition of the concept of fastpass puts even more pressure on this problem as fast pass holders get priority over the people standing in line. They have made some efforts to limit how many fastpasses can be given out per ride per hourbut those just lead to free fast pass "selling out" earlier and earlier in the day. The next logical step is to put a real money price on it to try to curb demand. In an alternative universe, they would have made all the rides free fastpass only and visitors would go around the park collecting appointments for the rides they want. But the problem is that the overselling at the gate requires lots of people to waste hours standing in lines. If no lines, can't oversell as many tickets. There's also the problem that people might be late or miss their appointment entirely and then the ride goes underutilized. So now we invent a standby line where people wait near the ride to get into a time slot that a fastpass holder missed and now we are back to having lines.
- greenyoda 4y agoBig discussion yesterday: https://news.ycombinator.com/item?id=33688125 https://news.ycombinator.com/item?id=33688125