11-21-2022, 11:00 AM
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,813
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Go woke, go broke? Disney shares have fallen 40% this year...Bob Iger returns as CEO
https://www.cnbc.com/2022/11/20/bob-...ey-impact.html
Quote:
Bob Iger’s stunning return as Disney CEO throws all of Bob Chapek’s major decisions into question
Bob Iger’s shocking return as Disney’s chief executive officer immediately throws into question several major decisions made by outgoing CEO Bob Chapek.
Disney shares, which jumped Monday morning, have fallen more than 40% this year, including slumping on weak fiscal fourth-quarter results earlier this month.
The Disney board’s choice to replace Chapek with Iger speaks to it having more confidence Iger will deliver better results. Iger has disapproved of several of Chapek’s changes to Disney despite hand-picking him as his successor in early 2020, according to people familiar with the matter, as CNBC reported earlier this year.
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