Bob Iger 2: Return of the CEO!

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 21 November 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Late Sunday night the board of directors at The Walt Disney Company fired CEO Bob Chapek and re-hired Bob Iger. (0:21) Jason Moser discusses: - The board's sudden reversal on Chapek - Expected changes in Disney's executive ranks - Iger's strengths in building relationships - Iger's track record in succession planning (13:11) Dylan Lewis and Kirsten Guerra engage in a bull vs. bear debate over Pinterest. Stocks mentioned: DIS, PEP, PINS, META Host: Chris Hill Guest: Jason Moser, Dylan Lewis, Kirsten Guerra Producer: Ricky Mulvey Engineer: Dan Boyd, Tim Sparks, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Coming soon to a theater near you, it's Bob Iger II, return of the CEO.
0:10.6	Motley full money starts now.
0:12.6	I'm Chris Hill, joining me in studio Motley full senior and let's Jason Moser.
0:24.6	Thanks for being here.
0:25.6	Hey, hey, late Sunday night.
0:27.9	The Disney Board of Directors fired CEO Bob Chapich.
0:32.0	Former CEO Bob Iger is back in the corner office for the next two years in the statement
0:38.1	from the board.
0:39.6	Susan Arnold, who's the chairman, said, quote, we thank Bob Chapich for his service to
0:44.6	Disney over his long career, including navigating the company through the unprecedented challenges
0:50.1	of the pandemic.
0:51.4	The board has concluded that as Disney embarks on an increasingly complex period of industry
0:57.3	transformation, Bob Iger is uniquely situated to lead the company through this pivotal
1:03.5	period.
1:04.5	Shares of Disney up 7% this morning.
1:08.2	We'll get to the company.
1:09.2	We'll get to the business and we'll get to Bob Iger.
1:11.3	Can we start with the board?
1:12.6	Sure.
1:13.6	Can we start with the board of directors that four months ago, five months ago, renewed
1:19.8	Chapich's contract for two more years and the statement behind that news was we are
1:28.0	one, we are lockstep behind Bob Chapich.
	...

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