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Bob Iger to step down as Disney CEO, effective immediately
CNBC ^ | February 25, 2020 | Lauren Feiner

Posted on 02/25/2020 2:06:17 PM PST by EdnaMode

Bob Iger will step down as Disney CEO and assume the role of executive chairman, Disney announced on Tuesday.

Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO, effective immediately, Disney announced.

Shares of Disney fell about 2.5% after hours.

Iger will remain executive chairman of Disney through the end of 2021, according to the company. He has been instrumental in making Disney a media powerhouse with key acquisitions and content plays. He launched Disney+, immediately making Disney a popular streaming service provider. Disney said the service had 26.5 million paying subscribers during the first quarter of 2020 after launching in November.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 21stcenturyfox; abc; bobchapek; bobiger; chapek; disney; disneyplus; espn; fox; hollywood; hulu; iger; lucasfilm; marvel; starwars; waltdisney; waltdisneycompany
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Hopefully Kathleen Kennedy will be the next person to step down.
1 posted on 02/25/2020 2:06:17 PM PST by EdnaMode
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To: EdnaMode

Iger wasn’t fired. He was kicked upstairs.

He kept Disney profitable.


2 posted on 02/25/2020 2:08:17 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: EdnaMode

Not enough homo characters in Star Wars or recent animated releases??


3 posted on 02/25/2020 2:08:46 PM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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To: goldstategop

Iger has been talking about leaving the CEO position since early 2019. Maybe this will allow a faster transition to a post-Iger regime at the company.


4 posted on 02/25/2020 2:09:35 PM PST by RayChuang88 (FairTax: America's Economic Cure)
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To: Sgt_Schultze

Disney is an entertainment and media powerhouse. Its not going anywhere.


5 posted on 02/25/2020 2:10:01 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: RayChuang88

That’s why he made the lateral move to chairman of the board. Now a new CEO will take up reins at the company.


6 posted on 02/25/2020 2:11:18 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: EdnaMode

There was some speculation that Iger was interested in running for President but decided against it. Perhaps he’s the DNC and the Democratic elite choice in the event of a brokered convention?


7 posted on 02/25/2020 2:11:49 PM PST by Dogfaced Soldier
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To: Dogfaced Soldier
Posted on February 25, 2019 by some guy.

Who will be next to fall post Weinstein?
Big name coming?
Nobody is safe.
Dark to LIGHT.
These people are sick!


8 posted on 02/25/2020 2:13:58 PM PST by bagster ("Even bad men love their mamas".)
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To: EdnaMode

Nah, Kathleen Kennedy isn’t finished ruining Star Wars with “woke” movies.


9 posted on 02/25/2020 2:14:21 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: EdnaMode

Hopefully, Kathleen Kennedy will be the first one fired.


10 posted on 02/25/2020 2:16:24 PM PST by Robert A Cook PE (I can only donate monthly, but ABCNNBCBS donates every hour, every night, every day of the year.)
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To: Robert A Cook PE

Yup


11 posted on 02/25/2020 2:30:08 PM PST by EdnaMode (Hollywood)
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To: EdnaMode

Spooked by the Weinstein verdict.


12 posted on 02/25/2020 2:30:41 PM PST by SpaceBar
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To: EdnaMode

Disney needs a Family MMA show on their streaming site.


13 posted on 02/25/2020 2:34:41 PM PST by cnsmom
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To: EdnaMode
Who's really in charge at Disney:

https://youtu.be/pQlKIdtD9XQ

14 posted on 02/25/2020 2:34:47 PM PST by twister881
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To: cnsmom

Which one? It owns Hulu, Disney Plus and ESPN.


15 posted on 02/25/2020 2:35:53 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

For now...

Wait until they unwind the money trail and how they got there, and the CEO is only part of the team that used money from questionable sources to build it

If He was involved in Pedo stuff then there is a whole other dynamic that comes into play

Need more popcorn!


16 posted on 02/25/2020 2:38:35 PM PST by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: goldstategop

Well they might take a hit if the coronavirus empties the parks. I imagine the ones in China (Hong Kong and Shanghai) aren’t exactly doing great business right now.


17 posted on 02/25/2020 2:41:17 PM PST by xp38
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To: bagster

Rumor has it Project Veritas is about to drop some video on ABC/Disney and it won’t be flattering, to say the least.


18 posted on 02/25/2020 2:44:28 PM PST by ExNewsExSpook
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To: EdnaMode

The share price has not shown a great imcrease for almost 5 years.You could have bought it in the summer of 2015 for about 118 a share. Today about 128. There were of course fluctuations during those five years.Perhaps this new CEO will improve its share price growth.


19 posted on 02/25/2020 2:45:15 PM PST by Howe_D_Dewty
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To: xp38

Disney China/Hong are closed, indefinitely. Macau reopened (Chinese legal gambling/money laundering).


20 posted on 02/25/2020 2:45:35 PM PST by bIlluminati (Defund the Left. Shrink the U.S. Federal government to 1897 levels.)
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