Disney CFO Christine McCarthy made a pivotal phone call that led to Bob Chapek’s demise.
Things took a turn when Chapek bumped heads with McCarthy, a “Disney devotee who during a battle with cancer often returned to the office straight from chemotherapy sessions,” the Journal reported. The publication said some of Chapek’s decisions, including a new programming strategy meant “to shield” some of Disney’s streaming losses, rattled the exec.Bloomberg via Getty Images
On Nov. 8, Chapek painted a “rosy” picture of Disney’s financials on the company’s fourth-quarter earnings call, despite booking a whopping $1.5 billion loss in its streaming division. The next day, Disney stock had one of its largest declines ever. Over the course of 20 months, its share price had dropped from $201.91 a share to $86.75.Charles Sykes/Invision/APGetty Images for Disney
On Nov. 16, McCarthy took matters into her own hands. Without having confronted Chapek or seeking board approval, she called Iger, her longtime former boss, to gauge his interest in returning as CEO. Iger, who had grown weary of the company’s direction and his slower-paced life after Disney CEO, said he was interested in returning.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Disney CEO Bob Iger undermined successor Bob Chapek: WSJReinstated Disney CEO Bob Iger spent months undermining his now-ousted successor Bob Chapek by keeping an office and criticizing his leadership, report says
Leer más »
Former Disney chief Bob Chapek ousted after CFO worked behind his back, report sayFormer Disney CEO Bob Chapek was reportedly ousted and replaced following actions by the company's Chief Financial Officer, Christine McCarthy, and other executives.
Leer más »
Former Disney chief Bob Chapek ousted after CFO worked behind his back, report saysFormer Disney CEO Bob Chapek was reportedly ousted and replaced following actions by the company's Chief Financial Officer, Christine McCarthy, and other executives.
Leer más »
Practical Move beats three Bob Baffert horses to win Los Alamitos FuturityDespite having three of the five horses in the Los Alamitos Futurity, trainer Bob Baffert loses to his former assistant, Tim Yakteen, as Practical Move wins.
Leer más »
Mickey Mouse & Friends Unite with Hot Toy New Disney Cosbi CollectionHot Toy is back with yet another adorable mystery Cosbi Collection as the world of Disney comes to like with Mickey and his friends
Leer más »
'White Lotus' Fans Freaking Out Over Adam DiMarco's Disney PastAdam DiMarco plays the naive recent college grad Albie on 'White Lotus.' But a decade ago, he got his start in a Disney movie and fans have just figured out the connection.
Leer más »