Media

Disney Should Replace CEO Chapek

Several news reports say the one of the most highly regarded CEOs of this century has voiced disappointment in his successor, and has not kept this confidential. Roberg Iger, longtime head of The Walt Disney Company, believes the man who took his job has deeply damaged it.

Bob Chapek has been Disney’s CEO for just over two years. Much of the wreckage he has caused was recently. That in turn has driven Disney’s stock down 40% in 2022. That is the worst performance of all the 30 stocks in the Dow Jones index.

Iger assembled one of the great entertainment organizations in the world. To the Disney brand he added Pixax, Star Wars, and Marvel. Most years over the last decade, Disney’s annual studio revenue topped all of its rivals. Disney also launched one of the most successful streaming services in the world. After explosive growth, its subscriber additions have slowed.

Who could replace Chapek? Iger would be the logical candidate, but he may have no interest in leading a multiple year repair of the company. Iger is already worth hundreds of millions of dollars. He can spend his time as he pleases.

The only member of the Disney board of directors with experience that would make him a candidate is former Nike CEO Mark Parker. He spent years in management at a huge consumer facing company with marketing that revolved around world-recognized talent.

Of course, as many companies with management problems do, Disney could go outside its own doors. This would increase the pool of possible CEOs by a handful.

Hopefully, Disney’s board will have Chapek out this year. The company’s troubles are not over.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.