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laststance t1_ixbnvj7 wrote

Reply to comment by DeckardPain in Did Someone Save Disney’s Life Last Night? Behind Bob Iger’s Stunning CEO Return by HumanOrAlien

Doubt it, if you listen to Disney's investor calls they love that they're getting more spending per park guest while also having the highest park attendant numbers in a long time.

Chapek became CEO due to his ability to raise park prices and increase Disney's books for quite a while. He actually made those increases while under Iger. So Iger's run and as CEO and increased profits/books were in large part due to Chapek. It's why the board voted Chapek as CEO instead of the person Iger groomed.

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MartinRaccoon t1_ixbv53d wrote

The guy who Iger groomed, Tom Skaggs, just disappeared one day. I always wondered what happened there

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throwaway12junk t1_ixbz1rv wrote

Staggs has claimed he couldn't get the Board to guarantee the position of CEO in writing, so he left not wanting to face the possibility of being passed over.

Personally, I think Staggs saw opportunities elsewhere and weighed his choices. Currently he's the owner of an $2 billion investment fund, so he's certainly doing well for himself.

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DisneyDreams7 t1_ixcmktr wrote

Kevin Mayer a.k.a. Buzz Lightyear who was the other heir to be CEO, is now the CEO of TikTok. So Ex-Disney CEOs seem to find lots of success

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3758232352 t1_ixdlicl wrote

No he’s not. Mayer was CEO of TikTok for mere months before stepping down. Mayer and Staggs run the fund mentioned above together, and Mayer is also advising WB/Discovery.

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ObiTate t1_ixf10l4 wrote

> So Ex-Disney CEOs seem to find lots of success

Tell that to Iger

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thethurstonhowell t1_ixcea2m wrote

The board tried to get him to take the CEO role before they renewed Chapek’s contract over the summer and he declined. As reported by the NYT.

Disney could easily afford to buy Candle Media to bring Skaggs and Mayer back into the fold.

https://www.nytimes.com/2022/11/21/business/media/disney-bob-iger.html

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3758232352 t1_ixdm30m wrote

I’d bet Iger holds off on buying Candle Media for a little bit, because they’re almost certainly going to acquire more production companies in the next year.

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thethurstonhowell t1_ixdo1dx wrote

Unless he’s realized he hates retirement and is gonna die there, he needs an actual succession plan this time and he’s only got 2 years to do it.

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3758232352 t1_ixdubbe wrote

Definitely. Which is why you bring back Mayer and Staggs IMO. Talk it out, one of them can be CEO and the other COO. Pay them both well, and give them the areas they want.

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thethurstonhowell t1_ixdvb1m wrote

They’re going to want it to be via an acquisition though. They’ve got a good thing going and aren’t going to walk away from it.

NYT also reported this is why they said no over the summer.

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preppytarg t1_ixco2dr wrote

> It's why the board voted Chapek as CEO instead of the person Iger groomed.

I mean all these articles are saying Iger picked Chapek...

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