Last week, we wrote about the surprise ousting of Bob Chapek as Disney CEO, and the return of the prodigal son himself, Bob Iger, to his old position. I made a note at the time saying that this isn't normally the type of content I talk about on this blog, but since it affected the company as a whole (which includes theme parks) and because it was such a major event, I felt that I had to talk about it.
Since that time, a lot more has been said about Iger's return, with details slowing leaking to various media outlets. I didn't feel compelled to update the original story or write further, since the details were largely the same as the big picture - Iger and Chapek didn't get along, Disney's last investment call was a mess, the board of directors lost faith in Chapek and asked Iger to return. Of course, these news tidbits all appear to have come from Iger's side, with Chapek being noticeably (and perhaps incentivized by an NDA) quiet. Again, I hope this book is written in full one day but for now, this is the long and short of it.