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“That takes energy, it takes the ability to prioritize, to compartmentalize. “It’s someone that has to have an ability to manage just a tremendous amount of responsibility all at once,” Iger noted, observing that Disney is a complex business it has its tentacles in sports, movies, parks, cruises, hospitality, merchandise and TV, among other things, a few hundred thousand employees and a global reach. Read More: ‘I Hope Bob Iger Has One Foot Out the Door.’ Abigail Disney on Iger’s Stunning Comeback Ruthless prioritization skills Before Iger was reinstated, the parks announced plans to raise prices the most expensive entry fee will be $189 a day. The app’s upgraded sibling Genie+ allows guests to skip queues, but is expensive and doesn’t cover every ride-access to others has to be purchased at even more additional cost. Some visitors have found Genie labor intensive and ineffective and have objected to being on their phones when they’d rather be interacting with their families. “I think appreciating the heritage and the legacy of the company and its place in the world has value, without letting it get in the way of innovation.” Customers have balked at the cost of going to Disney’s parks, which Chapek formerly ran, and the introduction in October 2021 of the Genie, a new app that was designed to help guests navigate their way around the park. “There’s a set of values someone must have,” said Iger. A knack for balancing legacy and progress The stock plummeted and the board felt it had to act. But then came the fourth quarter earnings call, during which some investors felt that Chapek did not set the right tone when announcing an unexpected blowout of expenditure on the company’s streaming service Disney+, which led to a disastrous balance sheet. Only five months ago, Chapek’s contract was renewed for another three years, and until last month, Iger was still denying any possibility of going back to his old job, despite swirling rumors of unhappiness in the ranks.
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“Disney has a place on the world stage, and the person running Disney typically has a place on the world stage as the face and the spokesperson of the company.”Ĭhapek appeared to be doing a good job at this until recently. “I think it probably takes someone capable of being on stage a lot, meaning a public-facing person,” said Iger.
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