Many Disney fans disliked former Walt Disney Company CEO Bob Chapek — but now that the Disney CEO who has replaced him, Bob Iger, has taken over, there are still plenty of complaints circulating.
Another Day, Another PR Disaster
Disney has been facing a slew of public relations challenges in recent months, and the Walt Disney Company’s leader (who returned from a cushy semi-retirement to oust CEO Bob Chapek) seems to be making things even more difficult for Disney’s PR team!
Iger recently began some extensive layoffs and cutbacks within the Walt Disney Company, ranging from Disney+ show cancellations to layoffs numbering in the thousands, but the Chief Executive Officer also appears to be spending a great deal of money on sprucing up his own $33 million home in Los Angeles as he is approving these layoffs!
$7 Million Renovations?
According to the New York Post, Iger’s home is undergoing “about $7 million in changes” including “re-plastering the swimming pool and adding a spa, tearing down an old stable and building a new two-story stable and storage building in its place”.
In addition, the renovation reportedly includes “a one-story attached living quarter and a new set of stairs that runs in the back of the home, as well as new gates and a new, two-story media room with storage” — not to mention “a detached covered patio.”
Disney CEO Bob Iger purchased this home with his wife Willow Bay in 1995, and it cost them $19.5 million. Now, it is worth $33 million and Iger himself is reportedly worth $700 million.
Not-So-Perfect Timing
News of Iger’s lavish home upgrades comes right as Iger and the Walt Disney Company have also set some dramatic layoffs in motion at ESPN (and just as Disney has also faced big accusations about deliberately underpaying female employees).
Do you pay attention to Disney leadership, or are you mainly concerned with Disney price increases and the way that they affect your Disney World or Disneyland vacations?
