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Benzinga
Benzinga
Business
Phil Hall

BIZARRE: Analysis why did disney retain bob chapek despite his many many errors - You Need To See This

Bob Chapek Disney Susan Arnold Matt Damon NYSE Walt Disney Co Ben Affleck Bog Iger

Walt Disney Co.'s (NYSE:DIS) decision to extend CEO Bob Chapek’s contract for another three years might strike some people as being a tad peculiar. As detailed in Benzinga's "The Crisis at Disney," Chapek’s stewardship since taking the corporate reins in February 2020 included such notable failures as:

  • The repeated antagonism of the company’s workforce, including an online petition seeking his firing
  • A wretched attempt to humiliate a popular actress that resulted in industrywide rebukes of Disney
  • An unprecedented public feud with one of the most popular governors in the nation
  • And a stock that is trading near its 52-week low.
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