Sunday Night Disney Shocker: Chapek Out, Iger Back as CEO.

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Joe Hass

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Nov 20, 2022, 10:17:03 PM11/20/22
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Kevin M.

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Nov 20, 2022, 10:35:49 PM11/20/22
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Hope nobody here owns Disney stock 

On Sun, Nov 20, 2022 at 7:17 PM Joe Hass <hassg...@gmail.com> wrote:

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Kevin M. (RPCV)

PGage

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Nov 21, 2022, 12:19:40 AM11/21/22
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It’s less shocking than the Deadline Headline suggests; it’s in the great tradition of sports team managers and head Coaches being given votes of confidence, and even contract extensions by owners until suddenly they are fired. You can’t really run a $160B company with the Board saying something like “We know our CEO sucks, and we will probably fire him as soon as we can get someone decent to take his place.”

The blood has been in the water for Chapek’s for a while now. I’m am a little more surprised Iger is the one taking his place, but I suppose the Board believed he was the only one who could instill investor confidence, and they must have dropped a shit load of money on his desk.

On Sun, 20 Nov 2022 at 7:17 PM Joe Hass <hassg...@gmail.com> wrote:

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M-D November

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Nov 21, 2022, 2:50:06 PM11/21/22
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Interestingly, the stock is up, and Disney is being recommended as a BUY for the first time since Chapek came to power.  Many of the cast members I've talked to in the last 24 hours are over the moon about Iger's return.

PGage

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Nov 21, 2022, 3:45:20 PM11/21/22
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I think the point of the change was to goose the stock. The question will be, is this only going to be a short term effect?

Kevin M.

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Nov 21, 2022, 4:06:32 PM11/21/22
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Iger has no long term strategy, and the company is hemorrhaging money from every conceivable angle, so odds are it’s only a short term gain. 

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Kevin M. (RPCV)

Steve Timko

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Jan 1, 2023, 10:22:37 PM1/1/23
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A summary of a Wall Street Journal article.


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