{"id":513800,"date":"2022-11-22T04:54:28","date_gmt":"2022-11-22T01:54:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/inside-the-disney-boards-decision-to-swap-bobs\/"},"modified":"2022-11-22T04:54:28","modified_gmt":"2022-11-22T01:54:28","slug":"inside-the-disney-boards-decision-to-swap-bobs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/inside-the-disney-boards-decision-to-swap-bobs\/","title":{"rendered":"#Inside the Disney Board\u2019s Decision to Swap Bobs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2804897eaa5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2804897eaa5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/inside-the-disney-boards-decision-to-swap-bobs\/#Inside_the_Disney_Boards_Decision_to_Swap_Bobs\" >Inside the Disney Board\u2019s Decision to Swap Bobs<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Inside_the_Disney_Boards_Decision_to_Swap_Bobs\"><\/span>Inside the Disney Board\u2019s Decision to Swap Bobs<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The day after Disney shocked Hollywood by unceremoniously dispatching Bob Chapek as CEO, sources with ties to the company say discontent among some board members had been building to the point that there was discussion about replacing Chapek as far back as the directors\u2019 late June meeting in Florida.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    At that time, sources say, some on the board wanted to replace Chapek and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>oint one of their own, Nike chairman Mark Parker, as interim CEO while conducting a search for a new permanent leader.\u00a0But a source says Parker declined the role even as the idea arose more than once. Aside from Parker, these sources say, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Motors executive Mary Barra also\u00a0advocated replacing Chapek\u00a0at the June meeting. (Neither Parker nor Barra responded to requests for comment.)<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    By that point, Chapek had already piled up a set of widely derided moves. Aside from the much hashed-over public conflict over Scarlett Johansson\u2019s compensation, Chapek\u2019s flip-flop on Florida\u2019s \u2018Don\u2019t Say Gay\u2019 law at first roiled the Disney staff and then drew the wrath of Gov. Ron DeSantis. Another controversy erupted after Chapek\u2019s abrupt and particularly brutal firing of Peter Rice, the well-regarded chairman of entertainment and programming.\u00a0\u201cChapek has chosen another negative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> cycle when he was just getting his feet back on the ground,\u201d a longtime communications exec said at the time.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    But sources say Board Chairman Susan Arnold was an advocate for Chapek.\u00a0\u201cSusan sided with Chapek from the beginning, even before [Iger] left,\u201d says one. \u201cShe tried to put Iger back into his box. At every turn, she said, \u2018Let Chapek run the company.\u2019\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In the aftermath of Rice\u2019s firing, Arnold released a supposedly unanimous statement of board \u201cconfidence and support\u201d for Chapek. But many in the industry had noted that the board had yet to renew Chapek\u2019s contract, which was set to expire in February 2023. Once again, top industry executives rolled their eyes.\u00a0\u201cYou let the CEO get within a year of his contract being up,\u201d one industry power player said at the time. \u201cThat by itself is a statement of non-support. A vote of confidence is nonsense.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    When the board discussed Chapek\u2019s contract at the end of that month, according to one account, some wanted to extend it for only two years. But Arnold argued that would undercut Chapek too severely. A seeming compromise was reached: Chapek\u2019s contract was extended for three years but backdated, leaving a bit more than two years on his deal.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Meanwhile, discontent with Chapek built, hitting a tipping point with the most recent earnings call and a subsequent note to staff regarding a hiring freeze, layoffs and other cost cutting that set off profound anxiety within the company. Two high level sources \u2014 who felt they should have been given a heads-up \u2014 say they were totally blindsided by the memo and left scrambling to figure out what they could still spend money on and what was now off limits.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Throughout it all, Iger\u2019s disapproval of Chapek was a secret to no one. He is said to have warned at a board meeting in December 2021 in New York, just before he left the company,\u00a0that the culture of Disney could be transformed negatively and rapidly.\u00a0It was the last time he spoke to Chapek.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In recent months, Iger has spent his time dealing with his investments, sailing his yacht, working on a book and even talking with producer Brian Grazer about a movie based on the book <em>Lucky 666: The Impossible Mission that Changed the War in the Pacific<\/em>. Until his phone rang. It was Susan Arnold. Iger had not spoken to her since his final lunch with the board in New York last December.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    When the end came for Chapek, even a Disney-connected source who is not a Chapek fan expressed shock at the way it went down. \u201cHe didn\u2019t get to say goodbye or say, \u2018I\u2019ve decided to step down,\u2019\u201d this person says.\u00a0Reminded of reports\u00a0that Rice had\u00a0likewise been unceremoniously\u00a0dismissed\u00a0following\u00a0his own\u00a0brief meeting\u00a0with Chapek, this person adds, \u201cI bet you it broke Chapek\u2019s record of firing Rice in seven minutes. They called [Chapek]\u00a0and said, \u2018You\u2019re out. Our lawyers will call your lawyers.\u2019 No statement from him, no comment from him, no grace. It\u2019s fucking insane.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    As for current and even former Disney insiders, the change did feel insane, though welcome. \u201cAs much as it\u2019s a wow,\u201d says one, \u201cin a weird way it felt inevitable.\u201d Another noted that Iger has already undertaken a reorganization to undo the one imposed by Chapek, who had shifted power over financial decisions away from creative executives. \u201cI\u2019m happy he\u2019s going to revert everything back to the way it was,\u201d this person says. \u201cAs though Chapek was never there.\u201d\u00a0Iger and Chapek declined to comment. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Another Disney veteran observes the stunning irony: \u201cBob Iger messed up succession at Disney for 15 years. When he finally did it, it was a colossal mess-up. It\u2019s extraordinary that\u00a0[Iger] is the guy they chose to come back. It speaks to his reputation and the board\u2019s lack of options and ineptitude. How could they have gotten to this place? How could this happen?\u201d <em>\u2014 additional reporting by Alex Weprin<\/em><\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/inside-disney-decision-to-rehire-iger-1235267844\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inside the Disney Board\u2019s Decision to Swap Bobs The day after Disney shocked Hollywood by unceremoniously dispatching Bob Chapek as CEO, sources with ties to the company say discontent among some board members had been building to the point that there was discussion about replacing Chapek as far back as the directors\u2019 late June meeting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":513801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/IgerChapek.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[87361,5032,135997,73549,135998],"class_list":["post-513800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-bob-chapek","tag-bob-iger","tag-susan-arnold","tag-the-walt-disney-company","tag-walt-disney-studios-motion-pictures-international"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=513800"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/513801"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=513800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=513800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=513800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}