Bob Chapek & Bob Iger no longer on speaking terms

According to CNBC, former Disney CEO Bob Iger and current Disney CEO Bob Chapek are no longer on speaking terms. Apparently, this falling out happened around the time Iger stepped down as CEO.

Just weeks before the pandemic started in 2020, Bob Iger resigned as CEO. Bob Chapek was chosen as his replacement. “I’ve watched Bob [Iger] lead this company to amazing new heights, and I’ve learned an enormous amount from that experience,” Chapek said.

Related – Bob Chapek issues a statement to Cast Members of the LGBTQ+ community

About a month after the parks closed due to the pandemic, Iger told New York Times columnist, Ben Smith, that he would be stepping back in to help Chapek run the company during the Covid-19 crisis. Iger said, “A crisis of this magnitude, and its impact on Disney, would necessarily result in my actively helping Bob [Chapek] and the company contend with it, particularly since I ran the company for 15 years!”

Apparently, when he saw the story, Chapek was furious. According to someone close to him, he felt he did not need assistance with running the company.

Related – Former Disney CEO Michael Eisner talks about Bob Iger and Bob Chapek

Since then, the two Bobs have had a strained relationship.

“Anyone succeeding Iger, who had been Disney’s CEO since 2005, was going to have a difficult time filling his shoes. Iger was generally beloved by Hollywood and highly respected as a CEO, particularly after orchestrating a series of intellectual property acquisitions — of Pixar, Marvel and Lucasfilm — which will likely go down in media history as three of the smartest deals ever. Iger, 71, has even flirted with running for president of the United States.

Chapek, meanwhile, has a harder exterior and at times, according to colleagues, struggles with emotional intelligence — which happens to be Iger’s strength.” — CNBC

It may take some time for everyone to accept Chapek and his goals for the Walt Disney Company. Anonymous sources say he may not be a people person but he is “a skilled and determined operator.”

His contract as CEO is currently set to end in February 2023.

How do you feel about Bob Chapek and the way he is running the Walt Disney Company?

Source: CNBC

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