What is absolutely clear is that Iger used Disney as a political organisation and to further his own political careers. Customers and shareholders came a distant 2nd and 3rd place. It's a disgrace and there needs to be accountability. Disney has become like a fiefdom.
Not likely to happen unless there is a serious change in leadership at Disney or suddenly Iger finds he gotten a powerful enemy on the board, one who doesn't answer to him and one who seeing how bad things are, will likely go to the feds and report Iger's mismanagement, thou I honestly expect these lawsuits to evenly catch up to Iger and he'll find that he cannot pay his way out as those behind the suit demand answers and their day in court with a jury, people Iger cannot pay off when he doesn't know who they are, then he is screwed for sure!
@@SuperCosmicMutantSquid A President is meant to be running something but in Iger's case, he wants the appearance and none of the actual work that comes with it!
Narcissism... One clue should have been HIS book... about... his favorite subject... himself. I would say that, broadly speaking, an autobiography is (almost) always either evidence of considerable narcissism... OR a job-resume of some sort... like for a politician... or both. IMO, Obama would be both... and Iger would be either the former, or both.
See this makes sense. Bob Iger inherited all the talented people that worked at Disney but over the years, as those people left (willingly or unwillingly) he replaced them with ideologues. He also replaced the entire board with people who didn’t know how to run an entertainment company and who were also ideologues. Bob’s legacy will be “The man who destroyed Disney”. Everything, and I mean EVERYTHING that is happening to Disney, Marvel and Lucasfilm is a direct result of his actions or inactions. He is to blame for ALL OF IT. The fact that Shareholders haven’t demanded for his removal is shocking!
You have to remember that a lot, and I mean A LOT, of shareholders are either Pixie Dusters (aka Diehard fans, who will give Disney money no matter what), or ideologue extremists (Like BlackRock who want to push this D.E.I by force, by any means necessary). So even if you have shareholders who probably wants Iger’s head on a stick, the big Shareholders love him.
If Roy E. Disney was alive today, he would have pushed to oust Bob Iger about 7 years ago. Part of the reason Roy worked to oust Eisner was that he was turning the Disney Co. into his own fiefdom, surrounding himself with yest men (esp. after the death of Frank Wells, the one person who could always check Eisner's ego). All the chaos swirling around Disney is centered on Mr. Bob Iger.
Like Marcus Aurelius, he needed a flunky to follow him around & remind him that "You're just a weatherman. You're just a weatherman.". To keep his ego in check.
It could've been worse. We could've had Jeffrey Katzenberg take over after Wells died. Seriously, even Eisner thought it was very rotten of him to push for the position right after Wells' death, and he would've gladly given it to him if he had just been patient. Plus, let's not forget the Black Friday reel of Toy Story that he wanted...
What's become apparent in the last number of years is that Disney as a company is unsalvageable. Iger has managed to install nothing but incompetence at the top of the company and the board is little more than over grown children that are at his every beck and call. To be salvaged as a company, they'd need to remove literally all of Disney's upper management and somehow find competent new management that has no ties to anyone from Disney. That's just not going to happen and Disney is going to burn down around them as they mismanage it into the ground.
I give it 10 years before somebody does a hostile take over of Disney. Disney ... not the mega company. Just another asset in somebody else's portfolio.
No Board, means no oversight of CEO, means no keeping an eye on the share-price. OMG, its so obvious Iger wanted Chapek as the fall guy and stayed on to ensure that crap rolled his way. Chapek never had a chance.
This is worse than Disney in the 80s. It’s ironic that The Little Mermaid is what saved the company in 1989 and The Little Mermaid was the final nail in the coffin in 2023.
@@WiseOwl_1408Of course they're still operating, they're a billion dollar company subsidized by Black Rock. But their decline is undeniable with no light at the end
In a way Chapek getting canned at the time he did was probably a blessing in disguise. Sure, Chapek's image was a bit tarnished, but he left with most likely a huge severance pay, stock options, and insider investor knowledge of the industry. Chapek is free to do what he wants now while Igor is losing respect and dealing with the most toxic events in Disney's history. Karma caught up pretty quickly lol.
Iger's personal identity has become subsumed by his job title as Disney CEO. It is then quite funny to realize that "identity politics" is the game he is largely playing now, instead of "business politics", which is the usual contest in which CEO's at that level engage. It's even more humourous to understand that he's actually playing with crayons now, when he once operated with a director's baton at the big stage like an adult. Oh, how the once mighty have fallen.
At this point I feel like the only thing left to do is to let Disney burn to the ground and hope that whatever rises from the ashes is something better.
I can't believe so much money was lost because of Iger's incompetence. And surprised me even more how the board on Disney works. I assume that more important is the message than profit.
These exposes are what I love about this channel. I think most sane, rational people don't want to see people fail. They just want to see accountability (reap what you sow)
I think this is a good point. It's just that the schadenfreude sometimes comes along with finally seeing that consequence bullet train arrive at the station.
A note about accountability and equity: To achieve equity, there cannot be accountability. Equity across group, demographic, etc., means collective reward/promotion, which means that individual actions (and consequences) must be ignored. For example, if my demographic is guaranteed to fill 20% of positions and receive 20% of the rewards, then it makes no difference what I do, and that applies to everyone. When there no consequences for actions, there is no accountability. When there is no accountability, there is no means to measure or promote success. At best, such a system leads to drifting aimlessly, but more likely it causes a downward & destructive path as individuals seek to extract value for themselves.
If that’s true. Iger is damaged goods. If the board is defunct and effectively disabled, Disney will keep bleeding. Ultimately it’s all about politics and ego. Nothing about storytelling, the fans and producing quality. Shameful
Basically: Iger did what all CEOs who become corrupted by their power do: instill Yes Men and fire/oust dissenters. Iger is a prime example of what you shouldn't be doing as a CEO. At this point, Disney is essentially a dying brand. Shareholders are going to ignore Disney to prevent themselves from losing money. If I were an investor, I'd definitely steer clear of Disney as much as I can.
Problem is that; while Blackrock and Vanguard aren't controlled by Iger, they support everything he's doing or make suggestions on how to make Disney more woke.
It's like I said earlier, any recovery from Disney's stupidity *MUST* include a top-level culling of upper management. Iger and his board (and thank you Midnight's Edge for that new revelation) as well as at least the heads of departments and their immediate underlings need to go. Full review for Iger's acquisitions and the people in charge of them and the sacking of the management teams at Marvel and Lucasfilm. This crap has gone on long enough, my opinion.
@@MidnightsEdge your thoughts on the speculation that most of this is intentional and Iger is operating at the behest of some other group, for instance the CCP...?
Um no. It would take Black Rock not being the largest shareholder anymore. You can install all the new Managers, Executives, etc. that you want and would still have the same problem with Black Rock and their DEI and ESG mandate for the company.
At this point, Iger has been slapped down legally and politically by a would be rival in Ron Desantis, Desantis who is barely struggling to stay in the double digits compared to his party's frontrunner and presumptive nominee. That makes you look weak when even a second stringer like Ron can kick your ass and flex over you. If Iger announced his candidacy now that Disney is in ruins, he'd probably be laughed out of the room.
@@Boskov01 Exactly this. It's to the point where Iger's only thing is continuing the federal lawsuit over flimsy "muh corpo speech" grounds. Even then, with the FL government doing its own investigation into the RCID, he can't claim DeSantis is in on that one.
At this point, if Bob Iger wants to stay at at Disney until he dies or becomes too crazy to lead Disney, then let him. He made this mess, he can clean it up.
@@Foxonianwe really need to be rooting for and working for saving Disney. I know people hate what they’re doing now and what they’ve become but that’s just the current idiots historically it’s one of the most successful, iconic, and pioneering companies on earth. They have over a hundred years of innovation and firsts and leading and inner in the industry. They basically invented most of the industry they’re in from theme parks to animated film, but the current guys aren’t part of that they have nothing to do with why Disney is great and they’re doing all they can to destroy the work of far greater people which is kind of the core thing wokeness does. It’s all based on envy, greed, and ideology that far exceeds idiocy.
Bob Iger will be forever known as the man who brought down Disney. Sheer effing hubris. It also goes to show you that you shouldn't take your identity from your job.
I'd bet that Iger’s success was largely the result of competent underlings who probably made it all look easy. He then started hiring substandard people with fashionable ideas who wouldn’t outshine him and couldn’t understand why it started falling apart.
Disney has much farther to fall before it bottoms out. The loss of shareholder value has been astounding. The loss of loyal fans has been unforgivable.
I think Chapek was chosen to be a scapegoat figure from the start. Either that or he discovered something that he wasn't supposed to, and maybe they were afraid that he was going to go to the authorities.
Enjoyed your coverage of this; think it better explained the motivations of the players than some others I've watched on the same topic. Looking forward to additional analysis.
I recently learned that Mr. Iger was the person that forced David Lynch and Mark Frost to expose Laura Palmer's killer in season two of Twin Peaks, since he was head of ABC Entertainment back then. That alone screwed up his karma system, everything he does know is just the icing on the cake.
Iger played him for a fool by tricking him into picking a fight with Desantis over an education bill that doesn’t even apply to businesses, yet Chapek took Iger’s word that it applied to businesses because Chapek was too lazy to read the bill, because if he had, he would have known better and kept his mouth shut.
That is the least of his problems. Ego-mania, filling Disney with far left cultists, pushing progressivism, disdain for the consumer and abject greed are much higher up the list of issues.
Can't wait for this video series I even suspected that Chapek never really got to run Disney properly now it turns out that's true I remember valiant renegade mentioned this when chapek was fired
At this point, all need from Disney is a complete and utter collapse, all its major entities like ESPN, ABC, FOX, Star Wars, Marvel, Pixar, etc, to be released and separated from Disney, and for someone like Apple to buy Disney and clean house. That would be the most fitting series finale to this TV show, Game of Mice.
I remember a story from Harvey Mackay's book Swim With the Sharks (Without Being Eaten Alive). When a successful boss is retiring, ask him who would he like to be his successor. Whoever's name he says, smile, say it's a good choice, and mentally cross that person off the list. Even if only 10% of the Disney drama is true, Iger's actions explicitly tells us why the boss should never choose his own successor -- he'll only install a weaker leader to keep himself looking better.
I think Iger stepped down when he did because all his friends in high places warned him things were going to get very bad with covid and he planted Chapel as a fall guy for the fallout. I thought he planned on coming back after the pandemic died down so he could fix everything.
* 2005-2013 period = I was just okay with Bob Iger * 2014-2017 period = frustrations with him were starting to build up for me * 2018-present = my anger, frustration, bitterness and resentment towards him has come full force
You are confirming my hypothesis. Iger has sold the soul of Disney to ESG and DEI not so much for Disney shareholders but for his own personal gain. What we've truly discovered is that Iger is a middling at best leader, as this crisis has exposed his weaknesses.
1:05 I have to say, as I was a young mother 30 years ago, if this had been the Disney back then, I would not ever have played any of the current videos to my children. I still have my Disney lunch box I carried to school. What a world! of difference.
Iger saw the downtrend on Disney’s success because of all his bad creative decisions, and knew that Disney was about to start bleeding money, so he put Chapek there to take the fall, and have the failure look like his. (Just a theory)
I didn't get any notification for that Hancock interview either, but even worse, the video didn't even appear on my TH-cam timeline, despite being subscribed to the channel for a long time and having watched almost every single video posted on this channel.
When Chapek was thrown out, it revealed much about Disney. It proved that Iger still had the support of the board, and that the board had been frustrating Iger. Chapek had attempted to do things that were necessary, but without the backing of the Board, he could not pull them off. Chapek was only a scape-goat, buying time for Iger and the main shareholders to continue to push through their evil agenda.
Well I kind of understood that he was "ducking" something when he handed over so suddenly. But it took a wile before I understood that he never really did leave. I also guessed that Chapek did start turning things around, that and maybe some secrets about to be revealed to Chapek made him step in again. But why don't they who was angry with Iger, get to him now when he is back?
not sure how Iger most liked CEO, the guy didn't do anything, all he did is buy IP's and called it a day, the previous CEO actually pushed changes to Disney wanted create creativity, which so lacking with Iger. Funny he probably kicking himself now wishing he retired in 2013 lol, dude going go down as worse CEO ever and one that killed Disney company. I knew Chapek was the fall guy, was obvious
I met a Disney employee at a party not too long ago. Based on what I could tell from our conversation there's an Iger personality cult over there, and she was definitely in it.
Well at least there are no more delusions about how great Iger is or ever was. The sad thing is that when he finally goes down he's probably going to take Disney with him.
Bob Iger needed to know when hold, and know when to fold em, know when to walk away, and know when to run. Because everyone knows you never count your franchises when you're in your private office shower, there'll be time enough for counting when the quarterly earnings calls are done.
The purpose of the board is to make money and preserve the company’s best interest and self-image. The board should’ve fired Bob Igor and Chapek and hired someone else.
I remember a time not so long ago that every time I pointed out how incompetent Bob Iger was I was attacked by all the knuckle dragging simpletons online. Those days are well and truly over now. 😂
Terrible corporate governance. DIS has not had a competitive selection for CEO since 2005. The drift to dictatorship is well known with a CEO/Chairman combination and a supine board. UK company law is much clearer about the separation of Board and Management. A variety of business experience and skillsets around a board table is great, in principle. But at least one director has to have deep knowledge of the industry. Same with Lehman - the board let the company get away with astonishing risk and leverage bc they didn't understand it. In banking, leverage and risk IS core business. In DIS, having no one from media is a real problem - the board can't do its job even if it felt inclined to. I liked the Medvedev Gambit reference.
The answer to every question posed that remains open is COVID. Sudden departure. Insider advance notice. Effect on amusements. Planned return. Overpaying for streaming and IP. Pencil pusher replacement. Replacement with experience in parks.
Here I thought the answer to Iger suddenly wanting to step down was that he didn't want to be the face of a company that is going to lose a lot of value brought by the pandemic. He wanted someone else in charge so the media blame that guy for the value loss.
Chapek was a scapegoat. Iger knew there was trouble on the horizon, he knew he had no chance of cleaning up the mess he had made of Disney without staining his political aspirations so put all of his buddies on the board to allow him to pull the strings in ‘retirement’ and to facilitate his future return. His exit was designed to leave Chapek carrying the can for all of his questionable decisions, with Chapek having absolutely no chance to implement the changes needed for the company to return to good health thanks to Iger’s stooges on the board blocking his every move. Once Chapek was sufficiently hung out to dry, Iger’s buddies disposed of him and brought Iger back, completely untarnished and to great fanfare as if he was the fucking messiah reincarnated, allowing him to use the excuse of Chapek’s ‘incompetence’ for now having to make the ‘difficult’ decisions, decisions that needed to be made years ago but would have seriously affected his reputation previously. Iger’s problem now is that karma has caught up with him, all this manoeuvring has taken too long, causing Disney to fester in the interim. The walls are closing in on him as the shareholders are not pleased with the tanking share price. The question is can and will they dismantle the board and depose him?
Not going to lie, I’d rather have Eisner back then iger or anyone like him again. At least you got some push for creativity and innovation in entertainment and storytelling and he worked towards what he thought would be enjoyable for the most amount of people, despite often being wrong. Eisner’s ego might have been bigger than the planet could safely hold, but it was a million times better than present day Disney.
Eisner wasn’t that great either all though he may have saved Disney as well. He screwed over Pixar and Iger had to save that relationship because Jobs didn’t want to work with Eisner anymore. Katzenberg was more responsible for Little Mermaid. And then got Shreked. I wonder if two CEO’s is not a better dynamic. Wells and Eisner.
@@rgs-uq1ml oh without a doubt, he had some ideas that didn’t pan out *at all* (just look at the “adult area” in the parks, and the entire concept of Disney California adventure *built within California). Between he and iger though, he was absolutely amazing.
The follow-up video is now live, here!
th-cam.com/video/hIUVYJPZNJ8/w-d-xo.html
Wait...are you the same guy that runs the Eminem fan channel?
@@khairt1731 No.
What is absolutely clear is that Iger used Disney as a political organisation and to further his own political careers. Customers and shareholders came a distant 2nd and 3rd place. It's a disgrace and there needs to be accountability. Disney has become like a fiefdom.
All corporate types aren't true bussinessmen they're politicians and parasitic beaurocrats.
Not likely to happen unless there is a serious change in leadership at Disney or suddenly Iger finds he gotten a powerful enemy on the board, one who doesn't answer to him and one who seeing how bad things are, will likely go to the feds and report Iger's mismanagement, thou I honestly expect these lawsuits to evenly catch up to Iger and he'll find that he cannot pay his way out as those behind the suit demand answers and their day in court with a jury, people Iger cannot pay off when he doesn't know who they are, then he is screwed for sure!
I've said this for the longest. He cares more about being President than running an entertainment company.
@@SuperCosmicMutantSquid A President is meant to be running something but in Iger's case, he wants the appearance and none of the actual work that comes with it!
Narcissism...
One clue should have been HIS book... about... his favorite subject... himself.
I would say that, broadly speaking, an autobiography is (almost) always either evidence of considerable narcissism... OR a job-resume of some sort... like for a politician... or both.
IMO, Obama would be both... and Iger would be either the former, or both.
See this makes sense. Bob Iger inherited all the talented people that worked at Disney but over the years, as those people left (willingly or unwillingly) he replaced them with ideologues. He also replaced the entire board with people who didn’t know how to run an entertainment company and who were also ideologues. Bob’s legacy will be “The man who destroyed Disney”. Everything, and I mean EVERYTHING that is happening to Disney, Marvel and Lucasfilm is a direct result of his actions or inactions. He is to blame for ALL OF IT. The fact that Shareholders haven’t demanded for his removal is shocking!
I’m starting to think it’s intentional.
@@crazyralph6386 its possible Iger is a Chinese asset.
This is one of the things that happens when you surround yourself with yes-men.
@@crazyralph6386 I'm very certain it's intentional.
You have to remember that a lot, and I mean A LOT, of shareholders are either Pixie Dusters (aka Diehard fans, who will give Disney money no matter what), or ideologue extremists (Like BlackRock who want to push this D.E.I by force, by any means necessary). So even if you have shareholders who probably wants Iger’s head on a stick, the big Shareholders love him.
If Roy E. Disney was alive today, he would have pushed to oust Bob Iger about 7 years ago. Part of the reason Roy worked to oust Eisner was that he was turning the Disney Co. into his own fiefdom, surrounding himself with yest men (esp. after the death of Frank Wells, the one person who could always check Eisner's ego). All the chaos swirling around Disney is centered on Mr. Bob Iger.
Like Marcus Aurelius, he needed a flunky to follow him around & remind him that "You're just a weatherman. You're just a weatherman.". To keep his ego in check.
Funny you say that considering how Iger is basically an Eisner clone.
@@rhedosaurus2251exactly
It could've been worse. We could've had Jeffrey Katzenberg take over after Wells died. Seriously, even Eisner thought it was very rotten of him to push for the position right after Wells' death, and he would've gladly given it to him if he had just been patient. Plus, let's not forget the Black Friday reel of Toy Story that he wanted...
If Roy Disney was alive today he would have pushed Bob Iger off the top floor of corporate headquarters himself.
What's become apparent in the last number of years is that Disney as a company is unsalvageable. Iger has managed to install nothing but incompetence at the top of the company and the board is little more than over grown children that are at his every beck and call. To be salvaged as a company, they'd need to remove literally all of Disney's upper management and somehow find competent new management that has no ties to anyone from Disney. That's just not going to happen and Disney is going to burn down around them as they mismanage it into the ground.
They have TRUE systemic issues
Worst part is that they probably would have Disney go down the toilet under Iger's rule rather than have it flourish under competent leadership.
I give it 10 years before somebody does a hostile take over of Disney. Disney ... not the mega company. Just another asset in somebody else's portfolio.
Only Disney's Television Animation division is salvageable.
It's a good thing nobody reads anything outside these TH-cam channels.
I mean, how would these channels make any money if people actually tried that!
No Board, means no oversight of CEO, means no keeping an eye on the share-price. OMG, its so obvious Iger wanted Chapek as the fall guy and stayed on to ensure that crap rolled his way. Chapek never had a chance.
This is worse than Disney in the 80s. It’s ironic that The Little Mermaid is what saved the company in 1989 and The Little Mermaid was the final nail in the coffin in 2023.
Next to the last nail...
Zegler's (not)Snow White is still coming...
That nail will hit soon...
Nothing final yet. Still operating for now
@@WiseOwl_1408Of course they're still operating, they're a billion dollar company subsidized by Black Rock. But their decline is undeniable with no light at the end
In a way Chapek getting canned at the time he did was probably a blessing in disguise. Sure, Chapek's image was a bit tarnished, but he left with most likely a huge severance pay, stock options, and insider investor knowledge of the industry. Chapek is free to do what he wants now while Igor is losing respect and dealing with the most toxic events in Disney's history. Karma caught up pretty quickly lol.
Even better because he was kicked so quickly. It's impossible to blame him for any of the recent or coming failures.
Honestly if I was chapek I'd be a little peeved with getting fired, but I'll take my cool 25 mil and go do something else.
@@austinnpruneda3629
Invest in one of Disney's competitors?
Chapek wasn't there long enough to be blamed for anything.
Sadly, it didn't stop people like that knucklehead at the beginning of the video from blaming Chapek.
Iger's personal identity has become subsumed by his job title as Disney CEO. It is then quite funny to realize that "identity politics" is the game he is largely playing now, instead of "business politics", which is the usual contest in which CEO's at that level engage. It's even more humourous to understand that he's actually playing with crayons now, when he once operated with a director's baton at the big stage like an adult. Oh, how the once mighty have fallen.
At this point I feel like the only thing left to do is to let Disney burn to the ground and hope that whatever rises from the ashes is something better.
Or just let it go altogether. Companies fade into obscurity all the time, and maybe this is Disney's time.
Bob Iger: And the CEO’s Suite Shower of Secrets
...or the Shower of Destiny, maybe
The golden shower
Its a horror movie...
@@ComradeCommissarYuri666⁷y67
I can't believe so much money was lost because of Iger's incompetence. And surprised me even more how the board on Disney works. I assume that more important is the message than profit.
The lawsuits that are going to happen will be glorious
Bob Iger is the classic case of power corrupts, but absolute power corrupts absolutely.
I don't have any pity towards Iger at all. Reap what you sow, Bob!
These exposes are what I love about this channel. I think most sane, rational people don't want to see people fail. They just want to see accountability (reap what you sow)
I think this is a good point. It's just that the schadenfreude sometimes comes along with finally seeing that consequence bullet train arrive at the station.
A note about accountability and equity:
To achieve equity, there cannot be accountability. Equity across group, demographic, etc., means collective reward/promotion, which means that individual actions (and consequences) must be ignored. For example, if my demographic is guaranteed to fill 20% of positions and receive 20% of the rewards, then it makes no difference what I do, and that applies to everyone. When there no consequences for actions, there is no accountability. When there is no accountability, there is no means to measure or promote success. At best, such a system leads to drifting aimlessly, but more likely it causes a downward & destructive path as individuals seek to extract value for themselves.
hear igor was not pro star wars not sure what was the problem here sw prejudged fascist?
If that’s true. Iger is damaged goods. If the board is defunct and effectively disabled, Disney will keep bleeding. Ultimately it’s all about politics and ego. Nothing about storytelling, the fans and producing quality. Shameful
The board is incompetent.
This was painfully obvious five years ago. Iger and Kennedy should have been kicked to the curb for gross mismanagement.
They were sleeping on the job
That’s why he picked them. He knew they were too stupid to catch on that he’s destroying the company.
Basically: Iger did what all CEOs who become corrupted by their power do: instill Yes Men and fire/oust dissenters. Iger is a prime example of what you shouldn't be doing as a CEO.
At this point, Disney is essentially a dying brand. Shareholders are going to ignore Disney to prevent themselves from losing money. If I were an investor, I'd definitely steer clear of Disney as much as I can.
I sold out of Disney months ago. It’s going to get much worse before it gets better.
Problem is that; while Blackrock and Vanguard aren't controlled by Iger, they support everything he's doing or make suggestions on how to make Disney more woke.
It's like I said earlier, any recovery from Disney's stupidity *MUST* include a top-level culling of upper management. Iger and his board (and thank you Midnight's Edge for that new revelation) as well as at least the heads of departments and their immediate underlings need to go. Full review for Iger's acquisitions and the people in charge of them and the sacking of the management teams at Marvel and Lucasfilm. This crap has gone on long enough, my opinion.
You-re welcome - shocking that not more information has been paid to how worthless Disney's board is.
@@MidnightsEdge your thoughts on the speculation that most of this is intentional and Iger is operating at the behest of some other group, for instance the CCP...?
@@Meop79why would he need to be an agent of the CCP when he’s already part of the most destructive and subversive group of people in history? Lol
Um no. It would take Black Rock not being the largest shareholder anymore. You can install all the new Managers, Executives, etc. that you want and would still have the same problem with Black Rock and their DEI and ESG mandate for the company.
@@NavySharkz Hasn't Florida declared DEI illegal in the state recently?
I think it's hilarious how Bob Iger had political aspirations!! Bruh, you can't run a company, so why attempt to run a country??
I'm curious what his strategy would have been as president... Overpay for Mexico because they have those old steppy buildings?
sounds like a perfect democrat candidate to me.
Well, it worked for Trump, so...
Exactly. You screwed up two cash cows such as Star Wars and MCU. That takes MANY bad decisions.
@@summersoldier1003 Biden bots would vote for him because they believe anything the media tells them
This man has (or had) presidential aspirations. I can't decided if he is too fit or too ridiculous for the charge in these times.
At this point, Iger has been slapped down legally and politically by a would be rival in Ron Desantis, Desantis who is barely struggling to stay in the double digits compared to his party's frontrunner and presumptive nominee. That makes you look weak when even a second stringer like Ron can kick your ass and flex over you. If Iger announced his candidacy now that Disney is in ruins, he'd probably be laughed out of the room.
@@Boskov01 Exactly this. It's to the point where Iger's only thing is continuing the federal lawsuit over flimsy "muh corpo speech" grounds. Even then, with the FL government doing its own investigation into the RCID, he can't claim DeSantis is in on that one.
Looks like Iger wanted to DEI his way to the White House.
Bob Iger would be a perfect fit to the clow show that is the Biden administration!
@@skepticalextraterrestrial2971 The annoying thing is, he probably still could. Democrats tend to fail upwards after all.
At this point, if Bob Iger wants to stay at at Disney until he dies or becomes too crazy to lead Disney, then let him. He made this mess, he can clean it up.
I vote for the latter. Can't wait to what zanny ideas Iger comes up with when his sanity goes.
It's too late. Iger is already too crazy to lead Disney as proven by the state it's in now. The company needs to go insolvent in order to save it.
@@Foxonianwe really need to be rooting for and working for saving Disney. I know people hate what they’re doing now and what they’ve become but that’s just the current idiots historically it’s one of the most successful, iconic, and pioneering companies on earth. They have over a hundred years of innovation and firsts and leading and inner in the industry. They basically invented most of the industry they’re in from theme parks to animated film, but the current guys aren’t part of that they have nothing to do with why Disney is great and they’re doing all they can to destroy the work of far greater people which is kind of the core thing wokeness does. It’s all based on envy, greed, and ideology that far exceeds idiocy.
So basically, the only chance Disney had to right the ship was the accidental appointment of a CEO with half a brain.
Bob Iger will be forever known as the man who brought down Disney. Sheer effing hubris. It also goes to show you that you shouldn't take your identity from your job.
He did slowly by their greed and pure idiocy. People used to get a Disney experience and not a micromanaged packaged vacation which Disney became
I'd bet that Iger’s success was largely the result of competent underlings who probably made it all look easy. He then started hiring substandard people with fashionable ideas who wouldn’t outshine him and couldn’t understand why it started falling apart.
Cant wait for part 2. These people are crazy with power, they will ruin themselves trying to maintain it.
Working on part 2 as we speak;p
Iger always talks about it being "his legacy" but he was CEO of Disney so it's about maintaining Walt's legacy not Bob igers
Disney has much farther to fall before it bottoms out. The loss of shareholder value has been astounding. The loss of loyal fans has been unforgivable.
I'm so happy i haven't paid a single cent to disney since Endgame.
Not the only one.
I read every single word of that 13,300 word expose and smiled. You were right about Iger all along.
We were indeed.
I think Chapek was chosen to be a scapegoat figure from the start. Either that or he discovered something that he wasn't supposed to, and maybe they were afraid that he was going to go to the authorities.
The shareholders are going to have to step in and make a lot of trouble for the board.
Enjoyed your coverage of this; think it better explained the motivations of the players than some others I've watched on the same topic. Looking forward to additional analysis.
Much appreciated, we always try to add the additional missing context.
I recently learned that Mr. Iger was the person that forced David Lynch and Mark Frost to expose Laura Palmer's killer in season two of Twin Peaks, since he was head of ABC Entertainment back then. That alone screwed up his karma system, everything he does know is just the icing on the cake.
The sad part is I think Chapek saw what was happening and was doing his best to stop it. I also think he may have succeeded if give an honest shot.
Iger played him for a fool by tricking him into picking a fight with Desantis over an education bill that doesn’t even apply to businesses, yet Chapek took Iger’s word that it applied to businesses because Chapek was too lazy to read the bill, because if he had, he would have known better and kept his mouth shut.
As it turns out "being too fond of your office" was exactly And literally iger's problem
That is the least of his problems. Ego-mania, filling Disney with far left cultists, pushing progressivism, disdain for the consumer and abject greed are much higher up the list of issues.
@@cameronjones8641 but it was apparently a really good shower he had installed in his office, hard thing to give up.
I appreciate having thw whole history laid out for us like this.Thank you for your work, ME.
You're welcome
I'm looking forward to the next one. Great work, everyone~
Very soon!
Can't wait for this video series I even suspected that Chapek never really got to run Disney properly now it turns out that's true I remember valiant renegade mentioned this when chapek was fired
He did indeed - and if you check out our Disney playlist, you can see our running commentary from the time saying much the same.
At this point, all need from Disney is a complete and utter collapse, all its major entities like ESPN, ABC, FOX, Star Wars, Marvel, Pixar, etc, to be released and separated from Disney, and for someone like Apple to buy Disney and clean house. That would be the most fitting series finale to this TV show, Game of Mice.
This is amazing and riveting viewing! Thank you so much for all your work and content!
You're welcome! Part two in the editing bay!
I remember a story from Harvey Mackay's book Swim With the Sharks (Without Being Eaten Alive). When a successful boss is retiring, ask him who would he like to be his successor. Whoever's name he says, smile, say it's a good choice, and mentally cross that person off the list. Even if only 10% of the Disney drama is true, Iger's actions explicitly tells us why the boss should never choose his own successor -- he'll only install a weaker leader to keep himself looking better.
This is way better than I expected. Thank you James Lindsay!
This is terrific! I look forward to the rest of them... Thank you 🤠
I think Iger stepped down when he did because all his friends in high places warned him things were going to get very bad with covid and he planted Chapel as a fall guy for the fallout. I thought he planned on coming back after the pandemic died down so he could fix everything.
It seems like Michael Eisner was the last truly good CEO of Disney
* 2005-2013 period = I was just okay with Bob Iger
* 2014-2017 period = frustrations with him were starting to build up for me
* 2018-present = my anger, frustration, bitterness and resentment towards him has come full force
"Full circle" would mean you're back to "just okay with Bob Iger"...you meant it's "come to a head", like a pimple about to pop.
UNTIL he's gone Disney has no hope of recovering
You are confirming my hypothesis.
Iger has sold the soul of Disney to ESG and DEI not so much for Disney shareholders but for his own personal gain.
What we've truly discovered is that Iger is a middling at best leader, as this crisis has exposed his weaknesses.
Can't wait for Part 2!
The same board at Disney: let’s renew his contract again!
Big papa Iger always kills me lol what a bootlicker
The only good thing going for Bob Iger is that he's not David Zaslav.
I'll take Zaslav over Iger.
At least Zaslav canned woke trash Batgirl.
Iger keeps releasing the woke
"Pride goes before destruction, and a haughty spirit before a fall." Proverbs 16:18
1:05 I have to say, as I was a young mother 30 years ago, if this had been the Disney back then, I would not ever have played any of the current videos to my children.
I still have my Disney lunch box I carried to school.
What a world! of difference.
Iger saw the downtrend on Disney’s success because of all his bad creative decisions, and knew that Disney was about to start bleeding money, so he put Chapek there to take the fall, and have the failure look like his. (Just a theory)
Nice video, can't wait for the next one in " The Bob Iger Saga"😊.
Working on it, may be here already tomorrow!
I didn't get any notification for that Hancock interview either, but even worse, the video didn't even appear on my TH-cam timeline, despite being subscribed to the channel for a long time and having watched almost every single video posted on this channel.
As Inigo Montaya said "Humiliations Galore"!
“Big Papa Iger” Campea is clueless
Can’t wait for the next part of this!
You won't have to wait long.
Bob Iger left during Covid to watch Chavek take the heat.
When Chapek was thrown out, it revealed much about Disney. It proved that Iger still had the support of the board, and that the board had been frustrating Iger. Chapek had attempted to do things that were necessary, but without the backing of the Board, he could not pull them off.
Chapek was only a scape-goat, buying time for Iger and the main shareholders to continue to push through their evil agenda.
This background story of the shuffling of Disney CEO's is more interesting than any of their films.
It is indeed!
Lol remember when this dude wanted to be president?
It makes me laugh out loud every time I see that clip of John Campea sperging out over Iger returning.
Well I kind of understood that he was "ducking" something when he handed over so suddenly. But it took a wile before I understood that he never really did leave.
I also guessed that Chapek did start turning things around, that and maybe some secrets about to be revealed to Chapek made him step in again.
But why don't they who was angry with Iger, get to him now when he is back?
not sure how Iger most liked CEO, the guy didn't do anything, all he did is buy IP's and called it a day, the previous CEO actually pushed changes to Disney wanted create creativity, which so lacking with Iger. Funny he probably kicking himself now wishing he retired in 2013 lol, dude going go down as worse CEO ever and one that killed Disney company.
I knew Chapek was the fall guy, was obvious
I met a Disney employee at a party not too long ago. Based on what I could tell from our conversation there's an Iger personality cult over there, and she was definitely in it.
Well at least there are no more delusions about how great Iger is or ever was. The sad thing is that when he finally goes down he's probably going to take Disney with him.
Wow this was very interesting. Looking forward to the rest. Eye opening on the board …
Glad you enjoyed it, more to come ... and soon!
Bob Iger needed to know when hold, and know when to fold em, know when to walk away, and know when to run. Because everyone knows you never count your franchises when you're in your private office shower, there'll be time enough for counting when the quarterly earnings calls are done.
Thank you for your insights. Much appreciated, respect.
Our pleasure, thanks for listening! Be sure to come back for part two!
Iger saw which way the wind was blowing concerning the coof. Chapek was simply the fall guy to take the hit when disney got hammered.
The purpose of the board is to make money and preserve the company’s best interest and self-image. The board should’ve fired Bob Igor and Chapek and hired someone else.
I remember a time not so long ago that every time I pointed out how incompetent Bob Iger was I was attacked by all the knuckle dragging simpletons online. Those days are well and truly over now. 😂
"You Either Die A Hero Or Live Long Enough To See Yourself Become The Villain."
Palpatine: I love the republic. I love democracy.
The Dude: well, that's like, your opinion, man.
I want to know is why did Iger go through all this trouble in the first place. Why didn't he just remain CEO?
That is the big unanswered question - though we do have a suggestion as to what the answer may be towards the end of the video;p
"No nothing"
🤯
I think his goal was to destroy the company. Don't forget to read the "early life" part of his Wikipedia article...
Yep! I think you're correct.
Everyone is laughing at you, Bob Iger.
Terrible corporate governance. DIS has not had a competitive selection for CEO since 2005. The drift to dictatorship is well known with a CEO/Chairman combination and a supine board. UK company law is much clearer about the separation of Board and Management. A variety of business experience and skillsets around a board table is great, in principle. But at least one director has to have deep knowledge of the industry. Same with Lehman - the board let the company get away with astonishing risk and leverage bc they didn't understand it. In banking, leverage and risk IS core business. In DIS, having no one from media is a real problem - the board can't do its job even if it felt inclined to.
I liked the Medvedev Gambit reference.
That's what Disney gets for bringing back Iger, the fool. The company requires nothing less than a complete shake up, from top to bottom.
Iger’s ego is writing checks that Disney can’t cash. 🤑
Iger keeps KK around so she can take the blame for his mismanagement of Lucas arts.
"Big Papa Iger" lol.
1:33 This is a whole series. Strap in.
The answer to every question posed that remains open is COVID.
Sudden departure. Insider advance notice. Effect on amusements. Planned return. Overpaying for streaming and IP. Pencil pusher replacement. Replacement with experience in parks.
Great video thanks
Here I thought the answer to Iger suddenly wanting to step down was that he didn't want to be the face of a company that is going to lose a lot of value brought by the pandemic. He wanted someone else in charge so the media blame that guy for the value loss.
"Iger pegged Chapec."
... remarkable how accurate that phrase is in multiple ways.
The Council of Foreign Relations is balls deep inside Disney. Why am I not surprised?
So Iger had a bunch of cronies surrounding him, and wrongly assumed that Chapek would be a crony too.
Chapek was a scapegoat. Iger knew there was trouble on the horizon, he knew he had no chance of cleaning up the mess he had made of Disney without staining his political aspirations so put all of his buddies on the board to allow him to pull the strings in ‘retirement’ and to facilitate his future return. His exit was designed to leave Chapek carrying the can for all of his questionable decisions, with Chapek having absolutely no chance to implement the changes needed for the company to return to good health thanks to Iger’s stooges on the board blocking his every move. Once Chapek was sufficiently hung out to dry, Iger’s buddies disposed of him and brought Iger back, completely untarnished and to great fanfare as if he was the fucking messiah reincarnated, allowing him to use the excuse of Chapek’s ‘incompetence’ for now having to make the ‘difficult’ decisions, decisions that needed to be made years ago but would have seriously affected his reputation previously. Iger’s problem now is that karma has caught up with him, all this manoeuvring has taken too long, causing Disney to fester in the interim. The walls are closing in on him as the shareholders are not pleased with the tanking share price. The question is can and will they dismantle the board and depose him?
Power corrupts. Absolute power corrupts absolutely
Not going to lie, I’d rather have Eisner back then iger or anyone like him again. At least you got some push for creativity and innovation in entertainment and storytelling and he worked towards what he thought would be enjoyable for the most amount of people, despite often being wrong. Eisner’s ego might have been bigger than the planet could safely hold, but it was a million times better than present day Disney.
Eisner wasn’t that great either all though he may have saved Disney as well. He screwed over Pixar and Iger had to save that relationship because Jobs didn’t want to work with Eisner anymore. Katzenberg was more responsible for Little Mermaid. And then got Shreked.
I wonder if two CEO’s is not a better dynamic. Wells and Eisner.
@@rgs-uq1ml oh without a doubt, he had some ideas that didn’t pan out *at all* (just look at the “adult area” in the parks, and the entire concept of Disney California adventure *built within California). Between he and iger though, he was absolutely amazing.
Power is one hell of a drug.
I don’t think that Iger is capable of feeling humiliation. Or shame.
That article shows one thing, you don’t have to be smart to run a multi billion dollar empire….or a shareholder of said empire either