Screentime
As Iger Departs, Disney Investors Also Get Off the Ride
- Longtime executive leaves with the shares in a slump
- New CEO Chapek faces a slowdown in streaming subscribers
Walt Disney Co.’s board promised a smooth transition from the end of the Bob Iger era to the new regime under Chief Executive Officer Bob Chapek. In the final hours of Iger’s tenure, the reality looks much rockier.
It’s not just the pandemic, which shut down Disney’s theme parks, cruise ships, TV and film production just days after Chapek was promoted last year. The 61-year-old CEO’s organizational changes have rankled insiders, and executives from the Iger era are departing in droves. A lawsuit by actress Scarlett Johansson over her compensation was a blow to Disney’s talent relations.