Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Nov- 2022 -22 November
Disney Unlikely to Become Less “Woke” Under Iger
As the news of Bob Chapek’s sudden departure moved across the internet, many outlets credited his firing to how he drove Disney to become “woke” and eventually “broke.” But, unfortunately for them, it is highly unlikely that The Walt Disney Company will become any less leftist or “woke” under Iger. The difference will be that Iger will be able to wrap the “wokeness” in a much better story. While h
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22 November
Three Things Disney Fans Owe to Bob Chapek
The short yet poignant Chapek Era of The Walt Disney Company is finally coming to an end, and many Disney fans and investors are in a period of rejoicing. And while many of us are happy to see Disney give its short-lived CEO the door, there are a few things that we need to thank Chapek for doing while he was in charge, whether we want to admit it or not. Here are the top three as I see them: Bob C
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22 November
Report: Chapek Ousted by Rebellion from Within
As more details continue to come to light surrounding the sudden departure of now-former Disney CEO Bob Chapek, we have now learned that it was the result of “festering discontent” among the top executives and investors, suggesting that, while the fans were left reeling, an actual rebellion occurred from within. Chapek will arguably be remembered for how he almost immediately restructured The Walt
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21 November
Iger Was Not Disney’s First Pick for New CEO, They Were
As Bob Iger gets reacquainted with his position as CEO of The Walt Disney Company, it has been revealed that the board of directors did not initially look to the former leader for a suitable replacement to the floundering Bob Chapek. According to The New York Times, the board came up with a few options both inside and outside the company. NYT reports that a person close to the board identified Dis
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21 November
Chapek’s CFO, Christine McCarthy, Likely Safe at Disney
When one thinks about the “Chapek Era” of The Walt Disney Company, four key people come to mind: Now-former Disney CEO Bob Chapek, Distribution Chairman Kareem Daniel, Disney Parks Chairman Josh D’Amaro, and Disney CFO Christine McCarthy. Over the last 24 hours, two of those four key characters have already been shown the door. Last night it started with Chapek, and it continued tonight with Danie
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21 November
Disney: Bob Chapek Fired “Without Cause”
The Walt Disney Company released more information regarding its firing of now-former CEO Bob Chapek on Monday, November 21, and it appears that the board of directors did not find him in breach of his contract. According to a report submitted to the United States Securities and Exchange Commission, Disney shared the following: “The Company exercised its right to terminate without cause the e
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21 November
Bob Iger’s New Contract: Salary, End Date Revealed
It appears more details have emerged regarding Bob Iger’s new CEO contract with The Walt Disney Company. Taking less than a year off after stepping down as Executive Chairman, Iger reportedly agreed to reprise his role as CEO immediately, less than three days after receiving the mysterious offer. According to Disney Insider Scott Gustin, “Bob Iger will be paid an annual base salary of $1 million w
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21 November
Chapek Ally, Kareem Daniel, Fired from Disney
Less than 24 hours after announcing Bob Chapek’s departure, The Walt Disney Company announced that Chapek’s distribution head, Kareem Daniel, would also lose his position. In an email to employees, Iger said the company will soon begin a "reorganization of Disney Media & Entertainment Distribution." Daniel was the Chairman of Disney Media and Entertainment Distribution. — Scott Gus
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21 November
Disney Stock Soars After Bob Iger Announcement
The Walt Disney Company’s stock skyrocketed after the news broke that Bob Iger would reprise his role as CEO effective immediately, removing Bob Chapek from the top. According to The Wall Street Journal, Disney’s stock jumped up 9% in premarket trading Sunday night and Monday morning to more than $100 a share. While it dipped and plateaued slightly, the stock still closed today at $97.58 a share,
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21 November
What to do with Josh D’Amaro? Disney Fans Discuss Disney Parks Chairman
While most of the Disney fans’ conversations have revolved around Bob Iger and Bob Chapek, the focus appears to turn to who many consider to be the third man at the top: current Disney Parks, Experiences, and Products Chairman Josh D’Amaro. Taking over the position from now-former CEO Bob Chapek, D’Amaro has overseen the Disney Parks as they experienced a drastic change of higher prices and lower
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