Chapek eventually issued a statement condemning the law’s passage – a move which infuriated Republican Florida Gov. Ron DeSantis, who led an effort to revoke Disney’s special tax status within the state.Disney’s business has also suffered this year – with a 41% stock plunge which has outpaced losses in the broader market during the current economic downturn.for both earnings and revenue during the fourth quarter. Despite its subscriber gains, Disney’s streaming segment lost a whopping $1.
Chapek gave little hint of any trouble during his appearance earlier this month at the Paley Center for Media’s International Council Summit in New York. , Chapek touted the success of the Disney+ streaming service, which has topped 160 million global subscribers, even as he equated Disney’s operations to that of a “manual car” that require constant adjustments in the current environment.“We are looking at making Disney+ all that it can be, but at the same time know that shorter term our investors expect us to have a return on that investment,” Chapek said at the time.
But tensions between Chapek, Iger and Disney’s board had simmered for years prior to the latest C-suite shakeup. The 71-year-old Iger had steadily undermined Chapek – both publicly and privately – in the days prior to his comeback, sources said.The relationship between Iger and Chapek reportedly soured while the latter was serving as executive chairman of the board. The two executives clashed over Disney’s internal structure, its political activity and its response to the COVID-19 pandemic.
The Disney BOD is not telling all...they recently renewed Chapeks contract...there has to be something in the financials..like the 40% drop in stock price...or the wokeism he was trying to promote...or the fact that DeSantis got the best of him
It did?!? Then, he really did need to go.
Return Minnie and Mickey back to their iconic dress and clothes
Disney is fucked
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