![]() ![]() It's a tale of how good intentions clashed with hubris and ego to erode one of the most famous organizations in the world - a case study in corporate dysfunction and succession gone wrong. The story of the Chapek era is timeless in its own way. There's no company in the world more associated with storytelling than Disney its most famous movies are modern versions of timeless fables. ![]() Within 16 months, their relationship had exploded and Ovitz was fired.īut like a son who vows never to repeat his father's mistakes and then proceeds to do just that, Iger's relationship with Chapek followed a strikingly similar pattern. The pair got along great for years, until they became the top two people at Disney. Iger wasn't describing his relationship with Chapek - he was recalling his observations living through the meltdown between Eisner and his No. "When the two people at the top of a company have a dysfunctional relationship, there's no way that the rest of the company beneath them can be functional," Iger wrote in his autobiography, "The Ride of a Lifetime." "It's like having two parents who fight all the time." Iger, meanwhile, has told peers and colleagues he returned to Disney to correct what he sees as one of the biggest mistakes of his career - choosing Chapek. In July, Iger extended his contract through 2026, the fifth time he has pushed back his departure as CEO.Ĭhapek confided to a friend that his tenure at Disney was "about three years of hell," defined by one overriding theme: his unrelenting fear that Iger wanted his job back. Within days, Iger fired Chapek's closest advisors, including his former chief of staff, Arthur Bochner his assistant, Jackie Hart and his de facto second-in-command, Kareem Daniel. 20, 2022, Bob Iger came out of retirement to become Disney's CEO once again. ![]() "The Eiger Sanction" is about an assassin who comes out of retirement for one last job. Iger enjoys yachting Chapek is more of a power-boating and kayaking kind of guy.īoth men agreed Chapek wouldn't have much need for the office shower Chapek would instead move into a smaller office on the same floor. Whereas Iger holds court around his Brentwood mansion - a short stroll from celebrities, producers, super-agents and other Disney executives - Chapek lives about an hour's drive from downtown Los Angeles, in Westlake Village. Chapek has the outward corporate demeanor of a Midwestern businessman - or, as one colleague jokingly put it, "a tuna salad sandwich who sits in front of spreadsheets." He's a risk-taker who's not afraid to upend the status quo, but he's not a schmoozer by nature. Iger chose Chapek, now 64, as his successor because of Chapek's integrity and business acumen, not his interest in Hollywood socialization. Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. On evenings when Iger was heading out for a Disney premiere, award show or benefit, he would often take a second shower - this time in the office. It had a private shower, built for former CEO Michael Eisner, and a vanity for shaving. Iger, now 72, consistently woke up around 4:15 a.m. There was a practical reason Iger didn't want to move out of his office. Iger would also "direct the company's creative endeavors" - nebulous phrasing suggesting he would retain control of movie and TV content and operations. ![]() Chapek would report to him and the board. His succession plan allowed him to stay on as executive chairman for 22 months. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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