It’s no secret that Bob Iger was not a fan of Bob Chapek’s time as CEO of the Walt Disney Company. However, now the CEO is speaking out about his thoughts on Chapek’s time ruling the company and his decision to come out of retirement to come back in power.

“I was disappointed in what I was seeing in the transition period and while I was out,” he said, per the Times. “I worked hard at distancing myself from it.”

He said Disney’s current CEO succession planning process “is robust right now” and added that he will “definitely” exit as chief executive when his recently extended contract is up at the end of 2026.
Since choosing to return to Disney, Iger said he has been “fixing a lot of problems that the company has had, and dealing with a lot of challenges.” Some of those “were brought on by decisions that were made by my predecessor,” he said, while others “are just basically the result of a tremendous amount of disruption in the world and in our business.”

Per a report by the Wall Street Journal, it seems Bob Iger, who just slipped back into his current role as CEO, had quietly criticized Chapek as being “incompetent” and provided an “ear” for unhappy Disney executives–including chief financial officer Christine McCarthy.

It was reported that a phone call from McCarthy, who was “fed up with Chapek’s performance and leadership,” was instrumental in putting Iger back on top, according to the report. After many disappointing calls made by Chapek, McCarthy, without confronting Chapek or seeking board approval, called Iger to seek his interest in returning as CEO.

According to the report, on Nov. 20, 2022 Susan Arnold, Disney’s chairman, told Chapek he was out, and a week after that, Iger found himself back at Disney’s Burbank, Calif., headquarters, addressing employees.

It seems Chapek was made well aware of his disapproval by Iger throughout his time as CEO as the former leader of the company reportedly told a friend that his time as CEO was “about three years of hell,” mostly due to the fear that Iger wanted his job back, according to CNBC.

What are your thoughts on Bob Iger dismissing Bob Chapek’s time as CEO of the Walt Disney Company? Let us know in the comments! 
Sean Sposato
The Main Street Mouse