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Disney layoffs, and other painful cuts!!
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35 posts in this topic

On 9/7/2023 at 4:20 AM, Bosco685 said:

 

That theory has been popping up for years. The two most interesting points would be how much a share and how fast would the regulators try to stop it.

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On 9/7/2023 at 6:49 AM, CAHokie said:

That theory has been popping up for years. The two most interesting points would be how much a share and how fast would the regulators try to stop it.

I read the entire article.

It is interesting the level of infighting that was taking place pre, during and post-transition between Iger and Chapek. To include how they went after one another's allies during this period. It's like a fantasyland Game of Thrones. Including Chapek hiring outside communications advisors because he didn't trust his own Director of Communications.

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Disney’s wildest ride: Iger, Chapek and the making of an epic succession mess

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KEY POINTS

  • What did a private bathroom, Oogie Boogie and a hippo have to do with the behind-the-scenes chaos between Bob Iger and Bob Chapek at Disney?
  • Here’s the inside story of a CEO succession plan gone awry — a cautionary tale about ego and hubris at the highest levels of corporate America.
  • This article is based on conversations with more than two dozen people who worked closely with Iger and Chapek between 2020 and 2022.
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After pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney’s CEO. His hand-picked successor, Bob Chapek, then Disney’s parks chairman, would take over the day-to-day job of running the company, effective immediately.

 

As part of the changing of the guard, the Disney board suggested the new CEO should take over Iger’s expansive office at Disney headquarters in Burbank, California.

 

There was just one problem. Iger had no interest in moving out. He wasn’t truly leaving Disney, anyway. His succession plan allowed him to stay on as executive chairman for 22 more months. Chapek would report to him and the board. Iger would also “direct the company’s creative endeavors” — nebulous phrasing suggesting he would retain control of movie and TV content and operations.

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Both men agreed Chapek wouldn’t have much need for the office shower; Chapek would instead move into a smaller office on the same floor. 

 

On the wall of Iger’s office bathroom hung two posters. The first was a framed collage of newspaper front pages and magazine covers with images of Iger celebrating Disney’s purchase of Marvel in 2009. The $4 billion deal was arguably Iger’s shrewdest decision as CEO and one of the best media and entertainment acquisitions in U.S. corporate history.

 

The second picture spoofed the movie poster for the 1975 Clint Eastwood thriller “The Eiger Sanction,” but the image was of Iger instead of Eastwood, with the title “The Iger Sanction.”

 

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On 5/25/2023 at 6:43 AM, media_junkie said:

I'm still stunned they had the nerve to charge upwards of $6,000 for two nights for a cosplay camp.  Whoever green lit this was either insane or woe fully out of touch (or both).

There is a "rock fantasy camp" that charges something like $2500 (I think that's the number I was told) for a kid (or adult) to take some lessons and then play on stage with their favorite rock star on a famous stage. 

https://www.rockcamp.com/fantasy-camp-metalmania3.php

Last week it was Zakk Wylde, Mike Portnoy and Marty Friedman and you get to perform on stage at The Whisky in Los Angeles, a legendary venue. 

The camp is ALWAYS sold out and parents pay their kids to fly from across the globe to do it. 

Believe me, there is a market for this. There is more money in the world than there are things to spend it on. 

Edited by VintageComics
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