Bob Iger talks about his return to Disney, choosing Chapek as CEO, and how long he may stay in the job

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Bob Iger

Posted: Thursday February 9, 2023 10:23am ET by WDWMAGIC Staff

Disney CEO Bob Iger appeared on CNBC this morning to discuss the recently announced restructuring of Disney, and the circumstances around his return to the top job at the company.

Bob Iger appeared on CNBC this morning following this announcement that Disney would cut 7,000 jobs and cut $5.5 billion in costs

Talking about returning to Disney, Iger said he has no plans to stay as CEO beyond his two-year contract. Bob also said that he felt a "sense of obligation" to return to the company during a period of transformation.

Asked about the appointment and firing of Chapek, Iger said "We thought we made the right decision when we chose Bob [Chapek] in 2020. The board decided in November he wasn't the right person for the job and made a change."

Bob also said that "there were no surprises" on the state of the company that he found on his return. He continued that he "was aware of some of the issues the company was dealing with."

You can watch a segment from the interview below.

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Smiley/OCDJan 19, 2024

At least he doesn’t star in his own commercials the way Tom Carvel did…Cookie Puss, Fudgie the Whale…

SirwalterraleighJan 19, 2024

Buffett still has one of the best stories ever…he liked Dairy Queen so much he bought it 😂

LilofanJan 19, 2024

That kind of diet is right up 93 years young Warren Buffett lifestyle alley of eating fast food and dairy queen on a regular basis. His take on that is he eats like a 6 year old kid which he says has the lowest death rates.

SirwalterraleighJan 19, 2024

Oh…Nelly is getting surly… He better not stop by a park and get a Mickey bar…Bob left standing orders to have a few made with antifreeze subbed for the milk

SirwalterraleighJan 19, 2024

She said some crazy @$$ bleep not too long ago… Elon gets away with being a kook because he happens to be like the richest dude…ever…

TraumaJan 19, 2024

John park hopperJan 19, 2024

Come on Bob 595---- let's hope you can hit 600 in 2024 and I'm not talking baseball.

LilofanJan 18, 2024

Execs are very good at reinventing themselves and many critics have the attention span of less than a goldfish - 8 seconds.

MR.DisJan 18, 2024

I was not talking about personal wealth, but that her status as an executive has been tarnished. Not going into rumors and innuendo.

LilofanJan 18, 2024

She sold off her Meta stock in 2022 - $1.8 billion. She's resilient especially after her first husband an accomplished exec of Survey Monkey died while falling off a treadmill in a hotel resort gym during a family vacation.

AylaJan 18, 2024

😂 She's worth 2+ billion dollars. She's fine.

MR.DisJan 18, 2024

Just saw where Sheryl Sandberg is leaving META. At one point she was highly thought to be in the running to take over Disney, but her fortunes have changed drastically.

MR.DisJan 18, 2024

One thing that should be demanded by who ever is picked to take over--Bob Iger needs to completely leave the premises. No honorary office, not even a small cubicle. All privileges gone. If it satisfies his ego, make a statute in his honor--say just outside one of the restrooms in one of the parks.

SirwalterraleighJan 18, 2024

Notice how that corresponds with his ego never wanting to leave either The guy “retired” and never even moved out of his office. A comp: Eisner turned in his keys, his office and his main gate a year early