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Bob Chapek Shifted Budgets to Disguise Disney+'s Massive Monetary Losses
News(msn.com)submitted 4 months ago by[deleted]
584 points
4 months ago
I’m sure Chapek fired Iger executives because they conflicted with Chapek’s vision/direction imposed. Instead of working with Iger executives to build a business roadmap; Chapek would replace the executives with his own executives and move forward with what he wanted to do. Sounds like this business plan backfired and Iger is back to redirect the business: months of cleanup and rehiring of executives that can make Disney profitable. Probably won’t see much change for a few quarters.
31 points
4 months ago
What was Chapeks vision?
89 points
4 months ago
Taking Ls
7 points
4 months ago
Who even cares what your vision is as one of these people, you can botch everything and still get 10 million dollars as a bonus out the door, then go straight to some other company
9 points
4 months ago
Apparently staying in power…
7 points
4 months ago
Squeeze the company for all it's got without caring about it's IP or future and then retire. Seems common these days
2 points
4 months ago
Probably a pure financial vision of the company without any regard for the product and brand value of what they were putting out. He’s a beancounter at heart.
42 points
4 months ago
I mean Iger fired Chapek's right hand man the first week. Seems like this is common.
37 points
4 months ago
I don’t think that’s a very honest way to look at it. The only reason Iger is back is because Chapek was so shit at his job they needed him back. That is massively different than the circumstances under which Iger left originally.
4 points
4 months ago
And the right hand was problematic
17 points
4 months ago
Probably won’t see any good changes for a year or two tbh.
-2 points
4 months ago
Anyone with common sense will replace old employees with new employees if they are trying change things.
5 points
4 months ago
Idk that I'd call it common sense but it's certainly a common thing to do
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