Disney Abruptly Reinstates Former CEO Bob Iger

CNBC reports:

Bob Iger is back. Disney, in a shocking late Sunday announcement, said it had re-appointed Iger as chief executive, effective immediately, after Iger’s handpicked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant.

Iger is a widely respected and liked figure at Disney. He oversaw its deals to acquire Pixar, Lucasfilm and its “Star Wars” properties, and Marvel – all of which have become multi-billion-dollar intellectual property behemoths.

Chapek, meanwhile, angered employees with his initial silence about the “Don’t Say Gay” law in Florida, where the company’s Walt Disney World resort is located. He then received blowback from Republican politicians, such as Florida Gov. Ron DeSantis, for opposing it.

Read the full article. The usual anti-LGBTQ figures are celebrating with “get woke, go broke” posts.

Bob Iger returns as #Disney CEO effective immediately, replacing Bob Chapek after a brief, tumultuous tenure… Shares of Disney were up 8% in premarket trade today:.https://t.co/m7tOEA3pJz

— Andy O’Donoghue (@ADODonoghue) November 21, 2022