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The Journal.

The Disney Boss Who Wouldn't Let It Go

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 19 December 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

When Bob Iger stepped down as CEO of the Walt Disney Company, he continued to wield influence as executive chairman. His successor in the corner office, Bob Chapek, begrudged Iger’s active role. WSJ’s Joe Flint explains how tensions mounted between the two men and led to a corporate coup that shook Hollywood. Further Reading: -Bob Iger vs. Bob Chapek: Inside the Disney Coup Further Listening: -How Disney’s CEO Got Caught in Florida’s Fight Over Gay Rights -Why Florida is Fighting with Walt Disney World -Disney CEO Bob Chapek on Whether the Company Is “Too Woke” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Once upon a time, not too long ago, there was a power grab at the happiest place on Earth,

0:12.1

the Walt Disney Company.

0:15.6

It started when two main characters were jockeying for power, both named Bob.

0:22.3

The first Bob, Bob Eiger, has been called one of the most powerful men in Hollywood.

0:27.4

He served as chairman and CEO of Disney for more than 15 years.

0:32.2

Here's Eiger in a Disney documentary talking about running the company.

0:36.1

We truly understand the responsibility that comes with being the caretakers of such

0:40.8

iconic characters that are beloved by hundreds of millions all over the world.

0:46.9

When it finally came time for Eiger to announce who'd replace him as CEO, he chose another

0:52.2

Bob, Bob Chepek, who had been running Disney's massive theme park division.

1:06.1

Bob Chepek's elevation to CEO seemed to answer the question on everyone's mind.

1:14.8

Who would follow Eiger?

1:16.6

The two Bob's were going to have to work together.

1:19.5

Eiger would take on a new role as executive chairman, meaning he remained Chepek's boss.

1:26.0

And soon, Eiger was undermining Chepek and telling friends he had made a mistake.

1:31.5

His successor wouldn't last long.

1:37.1

Welcome to the journal, our show about money, business, and power.

1:41.2

I'm Eric Chortzel, it's Monday, December 19th.

1:50.3

Coming up on the show, the Hollywood CEO, who wouldn't let go.

2:02.9

This episode is brought to you by Vonage.

2:04.9

Your business needs more than an 800 number.

2:07.1

If Vonage Voice API, you can provide the call experience or customers expect and get the

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