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Bob Iger returned as Disney CEO in NovemberCharlie Galley/Stringer/Getty Images

  • Disney CEO Bob Iger spent months trying to oust his successor, Bob Chapek, the Wall Street Journal reported.

  • Despite being abroad, he reportedly kept an office and held meetings with Čapek’s staff without consulting him.

  • In November, Iger was reinstated as Disney’s CEO by its board, ending Chapek’s two-year tenure.

Returning Disney CEO Bob Iger spent months undermining his successor, Bob Chapek, before resuming the top job at the behest of top executives, according to a Wall Street Journal report detailing a power struggle between the two men.

Ige reassumes the role after less than three years in the business.

Despite stepping down as CEO in 2020 and leaving Disney entirely at the end of 2021, Iger retained his office at the company’s Burbank, Calif., headquarters, the report said. He also held meetings with Chapek’s staff without inviting him, the Journal reported, citing current and former Disney executives and people familiar with the matter, which upset the new CEO.

Iger also reportedly berated Chapek, telling a friend that the latter was a bad leader and made no sense.

Disney’s board abruptly reinstated Iger as CEO last month amid broader dissatisfaction with Chapek’s leadership.

Insider’s Claire Atkinson reported that the decision came just days after a senior executive approached Iger. His return was welcomed by employees, with one executive likening it to a “pipe dream”. The girls were also inundated by fans at Disneyland wanting selfies and autographs earlier this month, according to the Journal.

Other executives considered leaving if Chapek stayed on as CEO, a senior Disney official told Insider, expressing frustration with his leadership and decision-making.

Chapek, formerly the chairman of Walt Disney Parks and Resorts, has faced constant criticism during his two-year tenure.

Increases in park ticket and food prices outstripped inflation, and the company began charging for previously free offerings, such as special shuttles to the parks and FastPass, which allowed park visitors to skip certain lines, Insider’s Samantha DeLuia reported. The company had its biggest one-day stock drop the day after its latest earnings call, in which it revealed a $1.3 billion loss in its streaming business. Staff also contested the restructuring, which stripped creative executives of their power.

He was criticized internally and by industry figures for making decisions without enough information, a Disney insider told Insider last month.

Iger, who led Disney for 15 years before his brief retirement, has been in the role for two years and will prioritize finding another successor.

Disney and Iger were not immediately available to respond to Insider’s request for comment outside US business hours.

Read the original article on Business Insider


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