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In the nearly three years since taking over at. Early in 2022, Bob Chapek, CEO of The Walt Disney Companyone of Florida's largest employers with roughly 80,000 employeesand taxpayers, had reason to be satisfied with the company's performance, having just logged one of the most successful quarters in the company's history. While we dont have any concrete information on what will be discussed, we have a few things to look forward to, especially when it comes to the Disney Parks. ( Frank was the Roy Disney of his day). Bob Chapek took over as the Disney CEO in 2020, just before the COVID-19 pandemic. affiliated with, authorized or endorsed by, or in any way officially connected with, The Walt Disney But Disney is hoping to grease the wheels a bit and work their contacts. Required fields are marked *. Ron DeSantis to strip the company of its self-governing, autonomous status in retaliation for. DeSantis, whose name has been bandied about in political circles as a potential 2024 contender for the GOP nomination for president, has made the fight against woke corporations a central plank of his administration. The fallout from Bob Chapek's ouster at Disney continues, with his comments about animation reportedly undermining Disney and Pixar employees.. 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The nearly century-old company has been dragged for becoming too politically correct, famously clashing with Republican Florida Gov. . Politics have gotten way too toxic. Disney went throughthis pandemic. We're sharing the list of the WORST bathrooms in the Disney World parksand which ones Keep your eye out for this the next time you're dining in Hollywood Studios! DeSantis wrote that he advised Disney's then-CEO Bob Chapek to stay out of heated dispute over legislation that critics have dubbed the "Don't Say Gay" bill. We are Disney troopers. Whats partisan about it? Whatever differences the Disney Board of Directors saw between Chapek and Iger, they clearly think that Iger is the man for the job now. Apparently Iger wanted Disney+ to be the lowest-priced major streaming offering so that customers would view Disney+ as a stronger value proposition to its competitors even if it felt other services content might be more robust (CNBC). "He's well aware that, as he likes to say, the intersection of electrons and atoms is growing even in the consumer products area," Rasulo said at the time. While slightly sad,we at Inside the Magic couldnt be more excited for the new ride, now called Tianas Bayou Adventure, which will be opening in 2024.. Whats With the Barefoot Trend at the Disney Parks? Regardless, many Disney Guests just do not approve of Bob Chapeks approach to the Disney Parks, with a petition to remove him gaining a lot of traction recently. Walt Disney Co. CEO Bob Chapek has pushed back on the claim that the company has become "too woke" following its whole-hearted embrace of radical transgender ideology and LGBTQ activism. On the flip side, many thought Disney should stay out of the issue completely, but considering the company madepolitical contributions to several sponsors of the legislation, Disney had already taken a stance. We respect your right to privacy. For official Disney information, visit http://www.disneyworld.com, Why Youll Want to Stay LATE in EPCOT Starting This Week, Thousands Push Back Against Bob Igers New Employee Rules, Florida Ends the Corporate Kingdom Massive Update on Disneys Reedy Creek District, Disney World Pool Hopping And Other Rules. 2023 NYP Holdings, Inc. All Rights Reserved, Gina Caranos Mandalorian character will remain in the show, Ex-Disney CEO griped to DeSantis about pressure to slam Fla.s Dont Say Gay bill: book, Florida Gov. Iger, however, was fairly vocal about the issue early on. Let the expert team at Academy Travel help you plan your next magical vacation to Disneyland Resort, including Disneyland Park, Disney California Adventure, and the Downtown Disney District. What used to be wonderful currently continues to outprice so many who really need The Magic now. In general, Iger seems to be more adept at handling sensitive topics and inspiring confidence as a charismatic leader. Chapek however ended up having a 26-year career with The Walt Disney Company before becoming CEO of the company. Let us know in the comments below.. This story has been shared 116,307 times. We were there. Important UPDATES Announced by Disney Cruise Line, Why Disney Cruise Line Fans Should Mark Their Calendars for February 17th, The Disney Parade Complication We Experienced Today, How You Dine Has CHANGED at Chef Mickey's in Disney World, See the CHANGES at Tiana's Bayou Adventure in Disney World, MAJOR Price Increases Hit Cinderella's Royal Table in Disney World, -- Close Your Eyes and Blink Yourself to WDW, fans and investors have celebrated the return of Bob Iger, The decision for Chapek to be replaced by Iger, a disappointing fourth-quarter earnings call, His contract was extended by 3 years in June 2022, Chapek would step down and Bob Iger would return as the CEO, a public feud with Florida Governor Ron DeSantis, a lawsuit from Scarlett Johansson over the release of Marvels, Iger, however, was fairly vocal about the issue, Price increases for Disney theme park tickets, Disney Stock Prices Rise After Iger Announced as CEO, Why Bob Iger Replaced Bob Chapek as Disney CEO, What Everyone Is Saying About Bob Igers Return as CEO, Why Bob Igers Return to Disney May Be Doomed from the Start, Disney SEC Filing Reveals CEO Bob Igers New Salary. Not spiking the football at all, just yet.Frequent visits to Disney in the 90s and 2000s were fantastic. Politics do NOT belong in business or commerce, just like they dont belong in school nor church. David Ng. I dont think the shareholders are losers here, or the consumers are losers here, or certainly either of them, referring to Iger and Chapek. No one really expects one CEO to bad moth another, do they? Chief executive Bob Chapek doesn't think so. For example, one source says Chapek balked at a proposal to weigh in on voting rights in the past,Chapekis staunchly opposed to bringing Disney into issues he deems irrelevant to the company and its businesses, this person says. Company, Disney Enterprises, Inc., or any of their affiliates. Ron DeSantis over the controversial education law known by the buzz phrase Dont Say Gay. The company has also taken heat on everything from the same-sex kiss in Lightyear and a Black actress being cast as the next live-action Ariel. He went on to become chairman of parks and resorts between 2015 and 2018. Disney initially sought to stay away from the issue and not take a position, but a vocal segment of its workforce demanded that the company come out in opposition to the legislation. Soon after replacing longtime CEO Bob Iger on February 25, 2020, Chapek was hit by the unimaginable a pandemic that upended the business world. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. https://t.co/fJZBzre4yM. If passed, this bill will put vulnerable, young LGBTQ people in jeopardy. Most notably, Chapek gave his own take on politics within The Walt Disney Company and Parks. Many fans and investors have celebrated the return of Bob Iger as The Walt Disney Companys CEO. Want to see more on leaders at The Walt Disney Company? I thought of this belief in combination with the recent political dust-up Disney experienced. Its not an end in and of itself.. Chapek has picked his preferred party and is saddling up to them. The Walt Disney Company, after weeks of noisy high pressure from pro-LGBT employees, issued a full-throated condemnation of Florida's grade-school anti-sexual grooming bill leaving employees who don't support their radical agenda feeling marginalized. February 25, 2020 04:05 PM Eastern Standard Time. He talked about Bob Chapek to CNBC, saying, I am a big fan of Disney. Ron DeSantis to strip the company of its self-governing, autonomous status in retaliation for its opposition to a controversial law governing the teaching of sex education to youngsters. These times remain quite challenging, but as you have heard me say before, I am an optimist, he said., Chapek might have been adept at cutting costs and producing revenue from the theme parks, but Iger is seen as an expert in Disney content. We've received your submission. We made reservations in advance, but now its extremely regimented. Oh well, I loved Michael, not so much for Iger and Cepek. He was very good at Disney when I was there. But on Sunday, November 20th, Disney announced that Chapek would step down and Bob Iger would return as the CEO. Many responded to Iger asking him to chat with Chapek about taking a stand for the company. Chapek has even come out saying he does not like being called a cost-cutter and does not see himself as one. All rights reserved. callback: cb The sum makes it the most Disney has spent on its in-house lobbying efforts in a single quarter since the first quarter of 2011, according to disclosure reports cited by CNBC. Related:Disney Attraction Building Now Officially Closed, Inaccessible to Guests. The decision for Chapek to be replaced by Iger was made after a disappointing fourth-quarter earnings call, and Iger is now expected to turn things around for the company. In response, DeSantis announced that he would be pursuing legislation that would seize the authority to govern Reedy . As an explanation for his silence, Chapek said that public statements from large corporations are "weaponized by one side or the other to further divide and inflame." When he was criticized by guests and employees for the company's silence, he apologized and went on to openly oppose the bill. According to Latondra Newton (pictured above), Disneys Chief Diversity Officer, Chapek will participate in a March 22 conversation with LGBTQ leaders at the Walt Disney Company. If you support a bill that doesnt embrace the same values your company stands for, then its pretty clear that youre not a good fit for the company. I want to use Disney to bring people together, and I think well do that by diverse stories and diverse characters.. Its a means to having a good fulfilling life and a prosperous society. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Disney is a source of positivity in the world, no matter your sex, race, or politics. 20052023 JAK Schmidt, Inc. All rights reserved. In the fiscal 4th quarter of 2022, Disneys streaming services had losses totaling almost $1.5 billion, which was nearly double the losses reported in the 3rd quarter. Can't decide where to eat in Magic Kingdom? Your email address will not be published. Weve Eaten at Every Magic Kingdom Restaurant. SAVE MONEY WITH BUNDLES Scalise . Who has been your favorite Disney CEO? Disney CEO Bob Iger made the surprise announcement on Wednesday that Bob Chapek will succeed him, effective immediately. } Ian Whittaker, an independent analyst at Liberty Sky Advisors, said, The question is whether [Igers return] solves Disneys main strategic dilemma, i.e. Bob Chapek was initially silent on Florida's controversial bill barring discussions of gender identity in school classrooms. Some believe that refusing to say anything about a bill impacting many Florida-based employees could also be taken as a political statement and the companys subsequent efforts to bolster inclusion may seem hollow. Here are the things you should stock up on BEFORE your trip to save money! on: function(evt, cb) { Bob Chapek, full name: Robert Chapek, is a businessman and media executive who is the seventh and current CEO (chief executive officer) of The Walt Disney Company. DeSantis signs bill placing Disney district under state control, Disneyland record holder has no plans to beat streak after price hikes, told employees it will cover travel expenses, saidthe company was pausing campaign donations in Florida. 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And, Eisnerwas recently interviewed on CNBC, where he spoke about current CEO Bob Chapek, as well as Bob Iger. Everything Included in Your EPCOT After Hours Ticket! Also annual passes have reduced perks with no photo pass included . The last year or so has been quite a turbulent one for The Walt Disney Company. The backlash was strong, with walkouts organized and letter writing campaigns engaged that Chapeks leadership was not up to snuff. No Magical Express no free Magic Bands no airline resort check in no baggage handling. I wouldnt discount Disney. ); In the interview, Eisner commented on the two CEOs that have succeeded him at the Walt Disney Company, according to Deadline. Interim president Joni Madison confirmed she and Bob Chapek "had a very . Sie knnen Ihre Einstellungen jederzeit ndern. Will wonders never cease. Robert Alan Chapek (born 1960) is a former American media executive who was the chief executive officer (CEO) of The Walt Disney Company from 2020 to 2022. While Disney has certainly sided one way or another in the past, there was not quite a time when Disney found itself in the middle of a political discussion, especially one so fierce. He said the situation taught him to put employees front and center with every decision. The companys initial reluctance to step into the political debate also drew criticism from Disneys own staff, who expressed frustration with Chapeks handling of the issue. I never thought Id say this but I actually agree with Chapeks stance here. Well have to watch and see what kinds of changes Iger makes moving forward, but fans should be prepared to see fewer adjustments than they might be expecting. Disneyland Restaurants, Menus, and DINING REVIEWS PHOTOS: A Popular Ride Has Reopened EARLY in Disney World! We can apparently expect a lot more information about this retheme at Disneys upcoming D23 Expo, which takes place in September. Last summer his contract was renewed and he has a couple of years left on it. He said, "Cultivate patience, and no matter what the odds, be optimistic. A story thatThe Hollywood Reporter recently put out talked about a few executives who are close to Bob Chapek, revealing his stance on this new bill and the current political climate. Year 2013. Before becoming CEO, Chapek had a 26-year career with The Walt Disney Company, beginning in the Home Entertainment division, and eventually rising to become Chairman of Parks . The Disney CEO Bob Iger made the surprise announcement on Wednesday that Chapek. Closed, Inaccessible to Guests Republican Florida Gov career with the Walt Disney company before CEO. Like they dont belong in school nor church now its extremely regimented of positivity in the nearly three since..., race, or any of their affiliates Ihre Einstellungen zu verwalten a very when I was there up... This bill will put vulnerable, young LGBTQ people in jeopardy Iger as the CEO response DeSantis. 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