It may not come as much of a surprise that current Disney CEO Bob Chapek is being fired after some shaky periods and strange decisions during his reign, but it may come as some surprise that former CEO Bob Iger is getting his job back. It was at least a surprise to Iger himself when he notified his employees of the board decision:
“It is with an incredible sense of gratitude and humility—and, I must admit, a bit of amazement—that I write to you this evening with the news that I am returning to The Walt Disney Company as Chief Executive Officer.”
This decision was made shortly after Disney released scary numbers showing how their shares have fallen. Then it is not very strange that Disney simply replaces the new Bob with the old Bob to steer the ship in the right direction again. What do you say about the matter?