The company’s board has sent out a notice that Iger is back and the recently re-upped Bob Chapek is out. “I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling,” Iger wrote in an email to staffers.
Having handed over the baton as CEO in February 2020 to Chapek — a stunning move unto itself at the time — and then serving as executive chairman until the end of 2021, Iger will be CEO for a second time for the next two years, the company says. His mission will also include identifying a successor, something Iger had difficulty doing while commanding the troops the last time, postponing multiple plans to step down during his 15 years in the top job, the final stage of a 47-year run at Disney.
But many critics of the woke direction of the company say this is not going to go well for Disney, because Chapek was only dealing with the bombs set up during Iger’s earlier tenure. And they also suggest that since Chapek was reportedly a republican, and Iger is openly a democrat who has considered a run for President, the studio is only going to bend further left. In fact, Clownfish TV suggests Chapek’s removal was a coup by the CFO.
Others suggest this means Kathleen Kennedy is out, but personally I doubt it.
In the email to employees, Iger shared the news of his return “with an incredible sense of gratitude and humility—and, I must admit, a bit of amazement.” He provided no details on his re-hire that came together very quickly over the past few days.