Not that long ago Bob Iger stepped down as CEO of the Walt Disney Company rather suddenly, naming Bob Chapek as his replacement. The news caught many off guard but most of us who follow Disney News day in and day out kinda knew it was coming (he has been announcing it since 2013). The changeover was met with praise and everything seemed to be transitioning nicely… That was all before Coronavirus hit and became a worldwide pandemic!
In a recent New York Times post they discuss Bob Iger departure from Disney and his return to head up the Walt Disney Company again during the current Coronavirus pandemic.
After just a few weeks of Bob Chapek running the company, Bob Iger is returning to take the reigns intensely focused on remaking a company that will emerge, he believes, deeply changed by the crisis. One of those changes mentioned in the NY Times article is a Disney with fewer employees and more thermometers. Read more about the changes in a recent interview with Barron’s here.
“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!” he said in an email.
There is no doubt that COVID-19 has affected many businesses both currently and how they will conduct business in the future.
It will be interesting to see where Bob & Bob (almost feels like a sitcom) takes Disney in a post-Corona future, but like he said he has been running the company for 15 years so he knows what he is doing… Like him or not Disney has been doing record numbers at the box office, attendance hasn’t been higher at the theme parks and Disney+ now has 50 Million subscribers in less than 6 months!
For more on this interview just click here.