As Chapek weathers Disney drama, board gathers in Florida
For Walt Disney Co. Chief Executive Bob Chapek, the last few months have brought one headache after another.
Chapek navigated the company through an unprecedented pandemic that shuttered most of its business and oversaw the company's transformation into a streaming powerhouse.
But those accomplishments have largely been overshadowed in the eyes of Wall Street and Hollywood.
Since stepping into Bob Iger's Thor-sized shoes in February 2020, Chapek has suffered a series of public relations setbacks, including a feud with movie star Scarlett Johansson and a months-long showdown with Florida Gov. Ron DeSantis and right-wing media over gay and transgender issues.
It's not just bad publicity that has given Chapek grief. The problems are compounded by a flagging stock price and investors' doubts about his ability to hit his lofty goal of at least 230 million customers for streaming service Disney+ by 2024, especially after losing the rights to stream Indian Premier League cricket matches.
Those factors have led some industry insiders to question whether Chapek will survive at the top of the Burbank entertainment giant.
The corporate drama comes as Disney's board of directors gathers in Orlando for its annual retreat, where the 11-member body, of which Chapek is a member, thoroughly reviews
You’re reading a preview, subscribe to read more.
Start your free 30 days