Disney Fires Bob Chapek, Rehires Bob Iger After 'Don't Say Gay' Mess
Disney fired CEO Bob Chapek after less than two years on the job and brought back former CEO Bob Iger.That comes after missteps on public issues, most notably a failure to oppose Florida’s “don’t say gay” law early.
That prompted Chapek in March to publicly apologize to its employees and cease all political donations.Variety reported late Sunday that the world’s largest media company had abruptly decided to reinstall Iger and dump Chapek.
Iger stepped down as CEO in February 2020, just as the COVID-19 pandemic dramatically impacted the operations of theme parks around the globe.“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, chairman of Disney’s board of directors, in a statement.“The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”The change in leadership prompted an immediate jump in stock price for the company.Numerous reports about the shift noted Chapek’s handling of widely criticized “don’t say gay” legislation passed in Florida, signed by Florida Gov.
Ron DeSantis in March. Disney had donated to DeSantis’ campaign and to numerous lawmakers who sponsored the bill. But the company did not take a public stance against the bill until after the Florida Legislature had passed it.Chapek ultimately had to issue a public response to outcry, which ran in The Hollywood Reporter.“It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights,” he wrote.
