Bob Iger Steps Down as CEO, Chapek to Succeed Iger as CEO

[HairyChest]

I hope Chapek loves IP's so much, he will throw in Darth Luke Leia Han in galaxies edge including food and merchandise inspired by the classics and prequels.

 

[shafke]

We are all friends here, and I respect your opinion, but it seems to me this displays a fundamental lack of understanding at how business works. (Or perhaps I am misunderstanding your point, which is probably more likely!) The Disney Corporation is a giant multinational corporation governed by a Board of Directors, whose purpose for existing is to increase shareholder value. There is no such thing as a "reasonably profitable business" because shareholders are always looking for maximum return on their investment.



Just sayin'!

Not to hijack the thread but this is not true. They can choose to increase(maximize) shareholder value but they are not legally required to do this.

How do you define "shareholder value". My guess is that will differ person to person.
For maximum return on investment you need to define long term or short term.

For some light reading google "increase shareholder value fallacy".

 

[Aurora0427]

I hope Chapek loves IP's so much, he will throw in Darth Luke Leia Han in galaxies edge including food and merchandise inspired by the classics and prequels.

Ha! Seriously can you even imagine? I only buy merchandise from the classic movies..... I bought an $80 jacket last month just because it had Leia, Luke, and Han on it.

 

[sponica]

I have no doubt Chapek is very good at what he's done. I don't dislike him nearly as much as some do either. Nobody will top Pressler as the worst park executive. I still have my worries about him with handling major things like the Lucasfilm situation and potentially Marvel.

As a side note and a personal thing, I don't think he is a very good public speaker. I hope he gets better at that over time as he will have to do more of it.

I worry less about Marvel as long as Kevin Feige's there. Except how every movie between now and Thor 4 will be branded a failure because it probably won't print money hand over fist like endgame, infinity war and black panther or it involves characters we don't know or what have you. Although I think Feige's heavier load will be "fixing" the fox portfolio of characters....

Lucasfilm has made some questionable decisions on the theatrical side (I still wonder if I could get in a time travel machine and convince them to write episodes 7/8/9 at once and film back to back to back). As my friend put it, Mandalorian being so amazing just makes the theatrical releases more disappointing. The franchise does need to be benched from theatrical releases until they figure out what they want from it.

 

[rteetz]

I worry less about Marvel as long as Kevin Feige's there. Except how every movie between now and Thor 4 will be branded a failure because it probably won't print money hand over fist like endgame, infinity war and black panther or it involves characters we don't know or what have you. Although I think Feige's heavier load will be "fixing" the fox portfolio of characters....

Lucasfilm has made some questionable decisions on the theatrical side (I still wonder if I could get in a time travel machine and convince them to write episodes 7/8/9 at once and film back to back to back). As my friend put it, Mandalorian being so amazing just makes the theatrical releases more disappointing. The franchise does need to be benched from theatrical releases until they figure out what they want from it.

I have Marvel in there because they won't be continuing the huge Avengers arc they did for 10 years. Yes the stories will still be connected but Endgame was such a closure to that. These newer films will do well but likely not on that stage and you don't have those big Avengers tie in films. So Marvel won't be bringing in the money like before. Feige also has some Star Wars work to do too.

I was rather pleased with the new trilogy but obviously not to the level of where I could've been. Mandalorian like you said should be the level that all SW is on.

 

[Remy is Up]

Time is the only litmus test we will have. I have seen someone who was in a high level position at a firm get the top dog gig and became a different person because being in charge they can act more in line with who they are. Im thinking within a few short months we will know who he is and what his methods will be. Which is why I wont dog him. He didnt get the position for no reason and has a track record that is pretty darn good. He is also very well spoken about by people more in the know than we are. So we wait it out and see what comes of it. I wish him the best and hope he is absolutely a homerun hire.

 

[tlmadden73]

Lucasfilm has made some questionable decisions on the theatrical side (I still wonder if I could get in a time travel machine and convince them to write episodes 7/8/9 at once and film back to back to back). As my friend put it, Mandalorian being so amazing just makes the theatrical releases more disappointing. The franchise does need to be benched from theatrical releases until they figure out what they want from it.

They wanted to make lots and lots of money from it .. from merchandising and new movies/tv-shows/toys, books, comics, etc. .. and it feels like they could have had that with the amazing start Force Awakens had.

They just made some blunders along the way ..

The problem is they seemed to think they could just throw out "whatever" and the fans would eat it up. They seemed also SO insistent to build their "own" brand of Star Wars (Resistance/First order) .. but did an AWFUL job in promoting it through the movies. Now we are "stuck" with two Star Wars lands based around a timeframe in the Star Wars universe that wasn't really that exciting.

Not sure why the movies didn't get the treatment this High Republic stuff (for the books/comic books) is getting of a cohesive tied together story and given the reigns to the same person so they would fee

Still not sure why Kathleen Kennedy still has a job.

 

[MissGina5]

idk if this impacts this discussion but it is odd that this happened right after the Bob Swap (TM)

https://news.avclub.com/steven-spielberg-exits-indiana-jones-5-james-mangold-i-1841936660

 

[Mackenzie Click-Mickelson]

As my friend put it, Mandalorian being so amazing just makes the theatrical releases more disappointing.

It is interesting isn't it how well received a roughly 30min show is.

We're on episode 6 right now (just watching it slowly over the days and weeks) but there's something so engaging in it, something that seems to work quite well. Can't quite put my finger on it.

 

[Moliphino]

It is interesting isn't it how well received a roughly 30min show is.

We're on episode 6 right now (just watching it slowly over the days and weeks) but there's something so engaging in it, something that seems to work quite well. Can't quite put my finger on it.

Baby Yoda.

 

[Lumpy1106]

I've been reading through this thread and trying to figure out why Chapek is getting so much hate. Can someone Reader's Digest it for me? Personally, yes, I thought Iger was doing a great job. But then again, there was Eisner, and people defended him to his last day. Let's face it, some of the nonsense he green-lit has scarred several of the parks far more than anything I can imagine Chapek doing. For example;

• Dinoland, DAK
• Peoplemover -> Rocket Rods, DL
• 90% of DCA (Superstar Limo, a "land" devoted to farm equipment, the golden hubcap entrance, all of the "extreme sport" tweaks - you can't make this stuff up!)

All Eisner, not to mention dude pulled in unprecedented bonuses. We can't possibly expect similar damage from Chapek...can we?

 

[limitdis]

CEOs of three companies resign within 24 hours: Disney, Mastercard and Salesforce.

 

[clarker99]

I've been reading through this thread and trying to figure out why Chapek is getting so much hate. Can someone Reader's Digest it for me? Personally, yes, I thought Iger was doing a great job. But then again, there was Eisner, and people defended him to his last day. Let's face it, some of the nonsense he green-lit has scarred several of the parks far more than anything I can imagine Chapek doing. For example;

• Dinoland, DAK
• Peoplemover -> Rocket Rods, DL
• 90% of DCA (Superstar Limo, a "land" devoted to farm equipment, the golden hubcap entrance, all of the "extreme sport" tweaks - you can't make this stuff up!)

All Eisner, not to mention dude pulled in unprecedented bonuses. We can't possibly expect similar damage from Chapek...can we?

Completely different company today vs 2005. IMO, Chapek has it much easier today than Iger did. Eisner deserves the whole range of opinions. He was really good in the beginning and quite bad at the end.

 

[Q-man]

I have a C suite spouse, who is also a board member, and concur with your original assessment.

Companies of Disney's magnitude don't blindside Wall St willingly.

Thank you!!!! Appreciate your post!

With more thought I would add a D- Major health issue

 

[Farro]

With more thought I would add a D- Major health issue

What were A, B and C?

 

[Q-man]

What were A, B and C?

page-9

 

[Firebird060]

Completely different company today vs 2005. IMO, Chapek has it much easier today than Iger did. Eisner deserves the whole range of opinions. He was really good in the beginning and quite bad at the end.

The one thing you can say about Eisner though is that he took risks, and the risks he took brought it back from the brink. Sure he had some major flops, but during his time we also had a major push of expansion in the parks. I mean 3 Domestic parks during his time and Euro Disney plus a large hand in Hong Kong Disney with Iger. Thats not to mention the acquisition of ABC or ESPN. I do understand each of these parks opened with some of there own issues, but over all he took risks. We need to see if Bob Capek will be a risk taker and innovator or just live off the legacy Iger built. I want to see the company expanding and being innovative to increase profit and dividends to the shareholders and not get stuck in a holding pattern of just cutting cost and small tweaks to maximize the profits streams that are already there. Hopefully we see some risk taking from Capek and not more of the bean counting he has been en charge of rolling out in the parks division.

 

[MickeyMouseEsq]

Not to hijack the thread but this is not true. They can choose to increase(maximize) shareholder value but they are not legally required to do this.

It's not NOT true, either, though. The board and officers have a fiduciary obligation to the owners of the company, i.e., the shareholders whose property they administer. This does not always mean maximizing value, but a decision knowingly taken that reduces value would certainly raise eyebrows among larger investors. No one wants a derivative suit.

 

[Spridell]

According to parts of this article, the guy has no time for people skills. ALL BUSINESS and that is it. Little concerning IMO.

Described as All Business, Disney’s New CEO Is a Number-Crunching Tactician
‘There’s no drama’ with Bob Chapek, who is described as relentless and disciplined about delivering on metrics

https://www.wsj.com/articles/descri...o-is-a-number-crunching-tactician-11582751599

 

[Krandor]

I worry less about Marvel as long as Kevin Feige's there. Except how every movie between now and Thor 4 will be branded a failure because it probably won't print money hand over fist like endgame, infinity war and black panther or it involves characters we don't know or what have you. Although I think Feige's heavier load will be "fixing" the fox portfolio of characters....

Lucasfilm has made some questionable decisions on the theatrical side (I still wonder if I could get in a time travel machine and convince them to write episodes 7/8/9 at once and film back to back to back). As my friend put it, Mandalorian being so amazing just makes the theatrical releases more disappointing. The franchise does need to be benched from theatrical releases until they figure out what they want from it.

When taking about marvel remember guardians was supposed to be a failure because they were totally unknown characters to the public and the question was would people come out to see a tree and a talking racoonn.... sorry rocket didn’t mean to call you a raccoon.