C-SUITE DRAMA: Disney inked $10M deal with Bob Iger to consult his replacement despite icy relationship: report
Circle Squared Alternative Investments founder Jeff Sica reacts to Disney's surprise CEO move and reveals what sectors the Wall Street 'big boys' are buying, on 'Varney & Co.'he made a sensational returnIger retired after 15 years as the top executive at Disney, with Bob Chapek taking his place in February 2020, just, but Iger made a shock return to the post following extended periods of loss for the company.
Chapek did not appear to make use of this asset, and Iger reportedly told friends about his frustration that Chapek had not sought his advice during a turbulent time for the company, such as Disney’s response to Florida’s Parental Rights in Education bill. "Iger never forgave Chapek for the way Chapek distanced himself and took control of the company," one former executive told the Times. "In some ways, Iger thought he would still be the coach. Chapek was not willing.
Disney announced that the consultancy would stay on pause while Iger fulfilled his active duties as CEO, but that he would resume the consultancy upon leaving the company again. Iger currently has a two-year contract. Iger’s return comes with a big shakeup as he announced plans for significant "organizational and operating changes within the company" over the coming weeks.
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