A financial analyst and news host from CNBC recently slammed Disney CEO Bob Chapek, calling him “delusional” for some recent statements.
Bob Chapek doesn’t seem to be pleasing many people. As the man who has overseen many of the Walt Disney Company and the Disney Parks’ most controversial changes, his is a name every Disney fan knows, not for the best reasons. The Disney Genie suite, Genie+, and Individual Lightning Lane, were introduced in his time, Disney’s seen steep increases in prices, and more reports of bad Guest behavior are coming to light. Perhaps most crucially, many insist that the Disney magic is gone, and Bob Chapek (referred to by many as Bob “Paycheck”) is said to be the reason why.
In a recent interview, infamous and longtime financial analyst and news host Jim Cramer insisted that the Disney CEO be fired and removed from his position. In his Squawk Box segment, Cramer boldly claims there is “no doubt” that Disney CEO Bob Chapek should “absolutely” be fired. Cramer also called Chapek “delusional” for how he took pride in the company during a quarter that had “mind-boggling” losses.
Check out the segment below:
Cramer goes on to express his shock at how Bob Chapek handled the quarter, saying that Chapek made it seem like a “four-star quarter” when it was not. He highlights the downward trend that Disney stocks are experiencing and says that when you look at the numbers, it’s “stunning.” Cramer makes it clear that it’s not Chapek’s team at fault, rather it’s Chapek considering it’s “the same team” as before.
Cramer says, “the franchise is too good to be destroyed by this man,” a sentiment that many Disney fans share as well.
By the numbers, Disney’s stock price currently sits around $87 per share, down since yesterday’s closing—the Mouse House is still struggling at . The Walt Disney Company had quite a big fourth quarter, though, revealing that the Parks division alone brought in a whopping $28 billion in revenue. This new Q4 report indicates a 73% increase in total revenue compared to the fiscal year 2021.
We at Disney Fanatic will continue to report on all Disney news as it comes to light.