The House of Mouse will see another changing of the guard with former CEO Bob Iger returning to the position, effective immediately. Chairman of the Board Susan Arnold made the news public November 20th with a statement.
Iger will return for a contracted term of two years, ousting Bob Chapek, who took over for Iger in 2020. Chapek has been a largely polarizing figure. Some die-hard Disney fans went so far as to launch a petition to fire him in 2021, and are now claiming victory for yesterday’s news.
News of Iger’s return spread pretty quickly. Disney stock was up 6% this morning as a result of the news.
Yeah, hopefully you’ll notice the above video is actually from when “Rise of the Resistance” opened. Lets enjoy the internet reacts to the news, though, because it’s fun!
We’ll let you know what we hear about Disney and other entertainment giants.