Disney fired CEO Bob Chapek and replaced him with his predecessor Bob Iger. Summary There’s disquiet in the House of Mouse. Late Sunday night, Disney fired CEO Bob Chapek and replaced him with his predecessor Bob Iger. Chapek’s two years as CEO have been “marked by clashes, missteps, and a weakening financial performance.” Disney’s shocking about-face comes a fortnight after Disney shares declined 12 percent after the company’s quarterly financial report fell well short of market expectations. Disney shares hit …
Tag: Disney
The Florida legislature stripped Disney of its special tax district as punishment for opposing Florida’s new parental rights law. Summary Gov. Ron DeSantis (R-FL) and the GOP-controlled Florida legislature stripped Disney of its special tax district …