Disney’s CEO Bob Chapek was fired in dramatic developments Sunday. It brought back the former boss, ending a terrible tenure that saw it become an entertainment giant and a value-hemorrhaging cartoon of wokeness.
Bob Iger, 71, was elected CEO of the company. He retired last year after 15 years as a leader. Chapek (62), was Iger’s grooming man, and he stayed on for two years, even though he announced his retirement plans. This failed attempt to smoothen the transition.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,”Susan Arnold, Disney’s Chairman of the Board stated this in a statement.
The ailing economy has caused Disney stock to plummet by more than 40%. It’s woes have been blamed on a series of decisions that have alienated its family-minded and in many cases, conservative, customer base. A law which prohibits schools from teaching students below 4th grade on sexual orientation and radical Gender Theory was a source of contention for the company.
Robert A. Iger named Chief Executive Officer of The Walt Disney Company: https://t.co/qvG1ZB8cvR pic.twitter.com/nV41l8OMEW
— Walt Disney Company (@WaltDisneyCo) November 21, 2022
The company was also criticized for featuring a lesbian kiss in kids’ movie “Lightyear,”A TV show shows a transgender male buying tampons. It also shows him embracing the Environmental, Social, and Governance trend. This strategy is designed to attract investors and promote a variety of woke values in the company structure.
Chapek, a man who earned an estimated $26million in salary, was not able to comment on his ouster.
Iger was voted off by the board. “is uniquely situated to lead the Company through this pivotal period,”He said that he had the “deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago.”
Iger sent an email to Disney employees late Sunday night informing them of his return.
“Dear Fellow Employees and Cast Members,”He wrote an article in email obtained by The Ankler, “It is with an incredible sense of gratitude and humility-and, I must admit, a bit of amazement-that I write to you this evening with the news that I am returning to The Walt Disney Company as Chief Executive Officer.
“When I look at the creative success of our teams across our Studios, Disney General Entertainment, ESPN and International, the rapid growth of our streaming services, the phenomenal reimagining and rebound of our Parks, the continued great work of ABC News, and so many other achievements across our businesses, I am in awe of your accomplishments and I am excited to embark with you on many new endeavors.
“I know this company has asked so much of you during the past three years, and these times certainly remain quite challenging, but as you have heard me say before, I am an optimist.”
Chapek was accused of securing the company’s financial stability after the COVID pandemic. The COVID epidemic saw the closure of its parks. Chapek refused to submit to the demands of his employees and opposed the Florida law. “Don’t Say Gay” bill, DeSantis ended longstanding and lucrative tax breaks for the company’s extensive Florida operations.
In March, Chris Rufo, of the Manhattan Institute, released videos from a Disney staff meeting to discuss the bill, officially known as the Florida Parental Rights In Education Bill, as well as Disney’s efforts to push radical gender ideology and other progressive ideas on sexuality. Rufo obtained footage that shows one executive producer saying she could easily implement the bill. “not-at-all secret gay agenda” in one show while another Disney manager boasted of the company’s move to drop “gendered greetings”These include “ladies and gentlemen”Communications, such as greetings for visitors to the theme parks.
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