Today, Explained Disney’s boomerang CEO
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Nov 30, 2022 In this engaging discussion, Kim Masters, the Editor-at-large for The Hollywood Reporter and host of The Business on KCRW, dives into the surprising return of Bob Iger as Disney's CEO. They explore the tumultuous tenure of Bob Chapek, marked by conflicts and financial woes. Masters unpacks the 'boomerang CEO' trend, noting historical examples and the complexities of such returns. With hope on the horizon, they consider Iger's impact on Disney at a time when innovation in content is crucial for the company's future.
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Chapek's Hollywood Missteps
- Bob Chapek's mishandling of Scarlett Johansson's Black Widow compensation dispute damaged Disney's relationship with powerful talent agencies.
- This contrasted sharply with Bob Iger's approach, highlighting Chapek's lack of Hollywood finesse.
The "Don't Say Gay" Bill Fallout
- Chapek's initial refusal to address Florida's "Don't Say Gay" bill caused internal and external backlash, impacting Disney's image.
- Iger publicly opposed the bill, further highlighting Chapek's poor judgment in navigating sociopolitical issues.
A Messy Earnings Call
- Chapek's upbeat earnings call, followed by news of significant streaming losses and hiring freezes, created further instability.
- This erratic communication style further eroded trust in his leadership.