Disney’s Battle of the Bobs 11/21/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 21 November 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bob Iger is back! Disney’s board has decided, shortly after renewing CEO Bob Chapek’s contract, that his predecessor Bob Iger is better suited to lead the company than his handpicked replacement. So Bob (the first) is back, and it’s awkward for everyone. New York Times columnist and “Disney War” author James Stewart teams up with leadership expert Jeffrey Sonnenfeld, from Yale’s School of Management, to discuss the succession mess at the House of Mouse, and what investors have ahead of them. Plus, the FTX mess continues in the Bahamas. CNBC’s Kate Rooney reports on the now shuttered FTX HQ in Nassau, and all the fallout for crypto investors and the man that triggered it all, Sam Bankman-Fried. In this episode: James Stewart, @JamesStewartNYT Jeff Sonnenfeld, @JeffSonnenfeld Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pod.
0:08.0	Meet the new boss, same as the old boss.
0:11.0	It's been Mr. Toad's wild ride. Disney's CEO shuffle replaces Bob Chapag
0:16.3	after about two years with his predecessor.
0:19.2	No matter what, they're going to be huge challenges ahead of Bob Iger.
0:23.6	Leadership expert Yale's Jeffrey Sonnfeld grades the House of Mouse.
0:27.6	Bob Iger gets an A-plus on absolutely everything except succession.
0:31.5	And New York Times columnist Jim Stewart says,
0:34.3	this won't fix everything.
0:35.8	Disney faces problems that go beyond any one chief executive.
0:40.8	Bob versus Bob, we can't get enough.
0:43.0	Look, if you...
0:45.0	Let me read the rest of this.
0:46.0	Someone wrote this.
0:48.0	Someone really spent a lot of time on this.
0:51.0	Plus, bankrupt crypto exchange FTX
0:53.9	looking to sell off business to pay billions to creditors.
0:57.7	Who would have thought?
0:58.3	Thanksgiving week just got busy.
1:00.2	It's Monday, November 21st,
1:02.2	Squawkpod begins right now.
	...

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