Guest Post Guidelines Instead of charging outrageous prices and cutting drastically back on everything else, how about a little salary cut for Mr. Chapek? Disney CEO Bob Chapek More Reluctant Than Iger to Take Political Stances, Insider Says March 2, 2022 Rebecca Davis A Walt Disney Company insider tells The Hollywood Reporter that unlike his predecessor, Bob Iger, Chapek doesn't wish for Disney to wade into political discussions. "When I was growing up in Hammond, Indiana, the son of a World War II veteran and working mother, my parents would take us on a family vacation to Walt Disney World every year," Chapek said on the call with analysts. It is important to note that Disney is engaged in an initiative that further promotes diversity and representation in all of its Parks and films, something that some fans may feel is political in nature anyway. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Having 50 unanswered emails, and seven scripts you havent read and 30 phone calls you havent returnedGetting off that treadmill is not a horrible thing., He went on to say, I think he is interested in writing another book, looking at his opportunities. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Politics have gotten way too toxic. 5 Huge Problems Exposed by Disneys TRON Coaster Previews. What used to be wonderful currently continues to outprice so many who really need The Magic now. pic.twitter.com/XYUWRvlSu1, Sophia Pino (@sophiapino) July 30, 2022. Eisner said, Bob [Iger] did extremely well. Shame on those who think its all about the money. Its about right and wrong.He said that the bill seemed potentially harmful to kids, and so he thought it needed to be addressed publicly. Eisner was voted off back in the day and resigned as CEO shortly after. By using this site you agree to our privacy policy. "That young boy could have never imagined that one day he would get the chance to lead this extraordinary company as the seventh CEO in its nearly 100-year history.". Neither Disney nor Scalise returned requests for comment. The decision for Chapek to be replaced by Iger was made after a disappointing fourth-quarter earnings call, and Iger is now expected to turn things around for the company. Walt Disney Co. CEO Bob Chapek has pushed back on the claim that the company has become "too woke" following its whole-hearted embrace of radical transgender ideology and LGBTQ activism. His experiences will always be the same if not better than pre-Covid. This bill does nothing but put power in the hands of the parents. 2023 NYP Holdings, Inc. All Rights Reserved, Gina Caranos Mandalorian character will remain in the show, Ex-Disney CEO griped to DeSantis about pressure to slam Fla.s Dont Say Gay bill: book, Florida Gov. FULL LINEUP Announced for the 2023 EPCOT Flower and Garden Festival Garden Rocks Concert Series. We've received your submission. However, Morrell reports that Chapek rejects taking political stances because he is determined that Disney remains a place where everyone is treated with dignity and respect.. Early in 2022, Bob Chapek, CEO of The Walt Disney Companyone of Florida's largest employers with roughly 80,000 employeesand taxpayers, had reason to be satisfied with the company's performance, having just logged one of the most successful quarters in the company's history. 2 BIG Changes Coming to Disney World Restaurants This Week! Cut me a break NO LOSERS HERE! trademarks, service marks, and trade names are proprietary to Disney Enterprises, Inc. or, its subsidiary, affiliated and related companies. Disney CEO Bob Chapek is cozying up to Republican lawmakers ahead of the midterm elections, according to a new report. Just run the company and keep the consumer (Guest) top of mind its that simple! Scalises campaign has also hosted previous fundraisers at Disney World,accordingto NOLA.com. Chapek was seen as an ace on park ops, whereas Iger is the content guru., Investors have apparently come to realize how vital content production is for Disney, and they want someone that they can trust to make good decisions surrounding that content. Also Read: Entertainment Stocks Rise With Market Ahead of Slew of Earnings Reports. He belongs to mixed ethnicity and according to nationality, he is an American. He was the chief executive officer (CEO) of The Walt Disney Company from 2020 to 2022. Some have speculated that unpopular changes in the theme parks will be reversed, such as the Genie+ system, which is an extra cost compared to the previously free FastPass+ system. I am not happy with any of these changes and feel my family who usually camps or stays at Pop Century are the average guest who wants to come and enjoy our favorite place is getting harder and more expensive to do. Pay-check isnt doing Disney favors! For no one but himself. When asked whether it affected his decision that some guests could be upset by the public statements and thus choose to not visit Disney theme parks, Iger said, We never really saw much evidence of that. He continued, I just think you have to do what is right and not worry about the potential backlash to it.. Access your favorite topics in a personalized feed while you're on the go. Shares of Disney continue to be among the Dow Jones industrial averages worst performers. 2020 Transaction Count/Amount. Your email address will not be published. He went to Indiana University in Bloomington. Its a means to having a good fulfilling life and a prosperous society. DeSantis and other Republican figures rallied against the company in an attempt to push back against Disney stepping out politically. According to another source familiar with Igers and Chapeks thinking, Iger tended to speak out not only when issues affected the companys business interests but when they affected its employees, a number which now reaches nearly 200,000. Chapek has picked his preferred party and is saddling up to them. New Disney CEO Bob Chapek was confronted by an investor about ongoing issues at ABC News on Wednesday, but the high-powered executive brushed off the criticism, and the investor then blasted. Chapek took on the role of CEO back in February of 2020 from Bob Iger, right before the entire world shut down due to the COVID-19 pandemic. People dont come to Disney to get political points of view, either from the left or the right. The opinions expressed by contributors are their own and do not necessarily represent the views of . Lot Size 6.02 acres. Disney is a source of positivity in the world, no matter your sex, race, or politics. According to Latondra Newton (pictured above), Disneys Chief Diversity Officer, Chapek will participate in a March 22 conversation with LGBTQ leaders at the Walt Disney Company. I wouldnt discount Disney. 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The company has also taken heat on everything from the same-sex kiss in Lightyear and a Black actress being cast as the next live-action Ariel. And my view is obviously free enterprise is the best economic system but that is a means to an end, DeSantis added. On Monday, Chapek sent a Morrell-approved company-wide email claiming that he preferred to speak through Disney content and behind-the-scenes machinations. A CHANGE has been announced for the Super Mario Bros. movie! I would think donating to the bill would be a giant political statement! affiliated with, authorized or endorsed by, or in any way officially connected with, The Walt Disney Disney's CEO transition from Bob Iger to Bob Chapek marked a shift from an outspoken, famous CEO with political ambitions, to a largely unfamiliar name whose politics remain a mystery. Well have to watch and see what kinds of changes Iger makes moving forward, but fans should be prepared to see fewer adjustments than they might be expecting. Little things to a lot of people add up to big things for families with limited time and money for park visits that the average family saves for a long time. Chapek told shareholders that he had called DeSantis on March 9 to urge him not to sign the bill, which restricts schools from teaching gender and sexuality to children in kindergarten through third grade. Download all contribution records for this person. He served as president of distribution for the company's movie studio, president of its home entertainment business, and president of consumer products. . As we know, Disney Guests and fans are passionate and will make sure their voices are heard regarding attractions, products, and restaurants they may or may not approve of. Learn more about the shift from Chapek to Iger in these posts: Well continue to watch for more updates, so stay tuned to AllEars for the latest Disney news. Bob Chapek, the CEO of Disney, responded to the political brouhaha which prompted Florida Gov. We headed over to the NEW Earl of Sandwich Tavern in Downtown Disney for the We've got another update on the construction of Tiana's Bayou Adventure! Whatever differences the Disney Board of Directors saw between Chapek and Iger, they clearly think that Iger is the man for the job now. These times remain quite challenging, but as you have heard me say before, I am an optimist, he said., Chapek might have been adept at cutting costs and producing revenue from the theme parks, but Iger is seen as an expert in Disney content. Disclosure Policy For example, they worry that the GOP could pressure Disney to stay silent on social issues, such as the Supreme Court ruling in June that overturned Roe V. Wade and the right to an abortion. And will those differences actually bring about the results that fans and shareholders are looking for? So, his Disney stories will appeal to everyone and embrace representation. 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