In addition to pledging to enlist an outside adviser to guide the companys efforts, Chapek also is creating a companywide task force led by studios SVP Global Communications Paul Roeder and Disney Parks marketing executive Lisa Becket. Iger also discussed his strategy around buying animation studio Pixar, comic book and action hero company Marvel Entertainment, and Lucasfilm, home of Star Wars. Squawk Box. Bob Chapek Finally Weighs In on Woke Culture: I Want to Use People that do something very wrong then make excuses are evil. This material may not be published, broadcast, rewritten, or redistributed. Chapek responded by saying that his very first trip after being named the new CEO was to visit ABC News. "Heres a suggestion for Disney CEO Bob Chapek: Get back to business, that is, excellence in storytelling, and stop wasting shareholders' money on political crusades that have nothing to do with Disneys business," Keating told Fox News Digital. I was glad to speak to Bob yesterday afternoon, and we had a very productive conversation about the need for Disney to put real muscle into stopping whats happening to their employees and to their fans.. The debut of "Disney Enchantment" during "The World's Most Magical Celebration" Walt Disney World Resort 50th Anniversary at Magic Kingdom on Sept. 30, 2021, in Orlando, Florida. Employees were walking out in protest and ranting to the media. Chapek walked back his previous statement to employees that the company could fight against bigotry through its creative content, saying Disney needed to be standing up for the rights of all.. Some folks took offense at that, which isdefinitely a take. March 7th, 2022 Then-Disney CEO Bob Chapek comments further on the matter via an internal Disney memo. WATCH LIVE WATCH IN THE APP. Ron] Desantis desk vetoed. The exec is continuing to try to put the company on more stable footing after its response to Floridas Dont Say Gay bill met with fierce backlash internally and in influential pockets of the talent community. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The Courage to be Free: Floridas Blueprint for American Revival, Fidelity Finds 401Ks Lost 25% of Their Value in 2022, Biden Says He May Be a White Boy, But Hes Not Stupid, One State Will Make It illegal for Vaccinated Donors to Give Blood, Rumors Are That John Fetterman Is Essentially Brain Dead, Dr. Malone on the Possible US Role in the Development of Coronavirus, They Set Us Up! Bombshell J6 Footage Shows Metro Police Discussion, Prophylaxis Nasal Spray Might Put an End to Vaccines. Chapek had apologized multiple times to the LGBTQ community and vowed to suspend all political donations in Florida as a result. Reporters uncovered the fact that Disney had donated to the campaigns of several sponsors of the bill. ", Florida Gov. Iger planned to run for POTUS at one point. Photo Credit: AP Photo/Richard Drew, File. While Chapek said he spoke with DeSantis by phone and would meet with him, DeSantis spokeswoman Christina Pushaw said Thursday no in-person meeting had been scheduled. But, thus far, theyve had no impact on the bottom line, as Disney just claimed its second-best park performance ever for a fiscal quarter. Everyone struggles with adversity. At the time, I dismissed those concerns, as Chapek had headed Disneys lucrative home video division. This choice cost her tens of millions of dollars, as her contract rewarded her with a split of box office revenue. Im a devout believer that the least excusable mistakes stem from self-inflicted wounds and unforced errors. Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. Danhof, who has shown up to Disney shareholder meetings to ask fiery questions in the past, told Chapek that he had been imploring former CEO Bob Iger to address ABC News issues for years. Source: In a letter sent to Disney workers, Chapek said the bill was not just an issue about a bill in Florida, but instead yet another challenge to basic human rights., You needed me to be a stronger ally in the fight for equal rights and I let you down, he wrote. Bob Chapek's time as the CEO of Disney has been tumultuous, to say the least. Disney has intentionally left some fans behind, but it may need them later. Period. Get our latest storiesin the feed of your favorite networks. Prior to 2016, Bob Igers political party was Democratic Independent (2016present). After two tumultuous years, on November 20, Iger stepped back into the spotlight and Chapek was out. The actress was let go from the popular Lucasfilm and Disney series on Disney+ after she took to social media to, as Lucasfilm described it, post abhorrent material that compared the current divided political climate in the U.S. to Nazi Germany. Disney CEO Bob Chapek now claims he wants the company to be everything for everyone after he caved to the woke mob and fought the anti-grooming law in Florida. Ron DeSantis said he advised former Disney CEO Bob Chapek to stay out of a political battle over legislation in his state limiting discussion of sex and gender in public schools, according to the Republican's forthcoming book. It hasnt gone away. The streaming service launched in November. Chapek has been overseeing the company's parks, experiences and products division since those divisions were combined in 2018. I think my role is not to take the strategic pillars he's so well established over the last 15 years and continue to work on those and implement those in the marketplace, most importantly our direct-to-consumer initiatives, but at the same time look around the corner for what disruption might be going on in the marketplace that would necessitate a fresh look at those things.". pic.twitter.com/eJnZMpKIXT. A 27-year veteran of the Walt Disney Company, Chapek, 60, has a proven track record with consumers having been instrumental in the growth of the company's parks, consumer products and studio film businesses. Disney employees skew toward the pro-vaccine and anti-Dont Say Gay side, which is California, not Florida. Chapek is in the third-year of a three-year contract as CEO that expires in February. Bob Chapek The company has also given more than $100,000 to the Friends of Ron DeSantis PAC since 2019. He agreed that the company should stand up more for the LGBTQ+ community in pursuit of more meaningful and lasting change. Bob Chapek was born Robert Alan Chapek on August 21, 1960, in Chicago, Illinois, United States. Management has altered some aspects of the Disney vacation experience as a tactic to overcome the unprecedented challenges of March 2020 through today. "Right now, the course that Bob has laid is one that we fully intend to follow and I think will pay dividends for our shareholders for years to come," he said. Everyone was attacking Governor DeSantis with bald-faced lies, and he was the one who stood for what he believed. Bob Chapek Staunchly Opposed To Politics, Will Not Comment FAQ - New Privacy Policy, New York Posts Karol Markowicz discusses how Disney is pushing back against Floridas parental rights bill and how she is quitting the park on Fox Business Tonight.. Former Disney CEO Bob Chapek privately complained to Florida Gov. On Monday, Disney and CEO Bob Chapek sent an internal memo following reports that the company had donated thousands of dollars to Florida representatives that supported and voted for the Parental Rights in Education bill. Signup for Breaking News Alerts & Newsletters. And if that doesnt happen, to get these bills repealed, she added. 11. He got played here. 2016 www.independentsentinel.com. As you might imagine, some of them are LGBTQ+ or friends/family members of those who are. "Bob is probably the best qualified person in the company to take this job," Michael Nathanson, senior research analyst at MoffettNathanson, said on CNBC's "Closing Bell" Tuesday. ABC Newsrecently suspended veteran Washington correspondent David Wright for remarks he made that were captured on video byProject Veritas. Those three acquisitions, which cost Disney roughly $15 billion, combined, turned Disney into an intellectual property behemoth. Ron DeSantis. As many of its LGBTQ+ employees get set for a full-day walkout Tuesday, Disney has decided to postpone a management retreat set for next week as it continues efforts to calm internal waters. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. At Corporate Pep Rally, Disney CEO Pitches Warmer, Fuzzier Side Bob Chapek Pushaw did not immediately return a request for comment Friday. Disney CEO Told DeSantis He Didnt Want to Do It Justin Danhof, the general counsel for the National Center for Public Policy Research, cited data showing ABC News is overwhelmingly negative toward President Trump and mentioned other scandals that have come out of the news division in recent memory when speaking to Chapek at the company's annual investor's meeting. Knowing my grandchildren will never experienced true Disney magic without political agendas. New York CNN . Bob Chapek at the Pinocchio premiere in December 2022. As the controversy over the Parental Rights in Education bill was coming to a head, Chapek called me. We want to hear from you. If Disney had merely maintained the status quo, a multi-coastal business operation, none of these headlines would dominate the media. Bob Chapek Bob Chapek was tapped on Tuesday to succeed long-time Disney CEO Bob Iger. He said he was overwhelmed by professionalism and objectivity of the news division but admitted Wright said some things on the Project Veritas video to make the company question his objectivity. Who would have ever thought Walts dream would be so screwed up. Deadline is a part of Penske Media Corporation. ", Nathanson said the selection of Chapek was not a surprise and a "win-win for the company.". Bob Chapek Corporate statements do very little to change outcomes or minds, he wrote, and are often weaponized by one side or the other to further divide. So what Disney says means nothing? Chapek All rights reserved. Data is a real-time snapshot *Data is delayed at least 15 minutes. Beliefs like that hurt the brand. Ron DeSantis said that ex-Disney CEO Bob Chapek complained to him about the pressure he was under from the left [WOKEs] to join in on the Governors new education bill restricting gender identity lessons, PK-3. Employees were walking out in protest and ranting to the media. Market data provided by Factset. Chapek was replaced by longtime CEO Bob Iger in late 2022. Its gut-check time for every CEO and company [in] America. An amendment from GOP state Sen. Jeff Brandes that would have widened the classroom instruction ban to human sexuality, and not specifically orientation and identity, failed to pass. Here are CEO Bob Chapeks worst five mistakes thus far. Robert Chapek. Market data provided by Factset. Bob Chapek Theyve invested millions of dollars in donations to political parties and more over the last 25 years, theyve given in-kind donations (like tickets to the parks and hotel stays) to political parties, and theyve hired lobbyists. "Parks is a business where they use data to drive pricing and engagement," Nathanson said. This site uses different types of cookies. Then, it required many Golden State employees to switch coasts. Still, if the economy ever suddenly suffered a setback, this unforced error would magnify in scope. Disney CEO Bob Chapek prepares for GOP to become majority in Thanks to a reportedly massive payment Disney sent to Johansson, the two parties have since made up. (AP Photo/Kin Cheung / AP Newsroom). Bob Chapek We are hard at work creating a new framework for our political giving that will ensure our advocacy better reflects our values. Florida governor Ron DeSantis is calling out former Walt Disney Co. CEO Bob Chapek. Disney CEO Bob Chapek admitted at Disneys 2022 Annual Meeting of Shareholders that he had been actively opposing the bill through back channels despite previously sending out an email to his employees claiming the company would not be taking a stance on the bill. Chapek didnt speak to the Carano incident directly but said Disney stands for values that are universal: respect, decency, integrity and inclusion and we seek to have the content that we make reflective of the rich diversity of the world we live in. Theyve invested millions of dollars in donations to political parties and more over the last 25 years, theyve given in-kind donations (like tickets to the parks and hotel After weeks of internal strife and external controversy surrounding the Walt Disney Companys lack of public response to the Dont Say Gay legislation in Florida, Californias governor has similarly stated his desire to keep Disney on the West Coast in a place that actually represents the values of your workers.. Iger credited his ability to get founders to sell him assets to his intense focus on building personal relationships. WATCH: Disney's Bob Iger turns CEO job to Chapek. Fridays move came after Chapek announced in a Disney shareholder meeting Wednesday that the company would pledge $5 million to LGBTQ organizations focused on legal protections for the community a donation HRC rejected the same day. Occupy Democrats is a political organization and information website that provides a new counterbalance to the Republican Tea Party. Bob Chapeks Worst Five Mistakes as Disney CEO "Floridas HB 1557, also known as the Dont Say Gay bill, should never have passed and should never have been signed into law," the Disney statement said. But this time is different. HB 1557/SB 1834, dubbed the Dont Say Gay bill,would seek to ban classroom discussion on sexual orientation and gender identity in kindergarten through third grade and has been labeled a government censorship bill by the ACLU of Florida. Disney CEO Bob Chapek Announces Pause for Political Giving in Quotes displayed in real-time or delayed by at least 15 minutes. Home; Video; Trump Investigations; Right Wing Extremism; Opinion; Impeachment; Corruption; Foreign Policy; Amid the melee, DeSantis issued a warning over Disney getting involved in the legislation. Disney this week said it will work to repeal the legislation in Florida because it's dedicated to standing up for the rights and safety of the LGBTQ+ community. Ron DeSantis over the pressure he was facing to weigh in against Floridas Parental Rights Education bill, known as the Dont Say Gay bill, according to DeSantis new memoir. Contribution Bob Chapek absolutely should have spoken with her first. https://1792exchange.com/spotlightreports/. In "The Courage to Be Free," the governor describes a conversation with former CEO Bob Chapek about Disney's political activities. It sounds about right. Disney CEO Chapek Bob Chapek Tuesday said he doesnt really see Disney as characterizing itself as left-leaning or right-leaning responding to a shareholder who accused Hollywood and the company of a double standard in firing Gina Carano from The Mandalorian because shes a conservative. 2023 Deadline Hollywood, LLC. Disney CEO Bob Chapek Says No Political Bias In Gina Carano DeSantis cements takeover of Disney's special Florida district, It didnt happen long ago, so we should all remember how they behaved. DeSantis, a rumored 2024 presidential hopeful, has not yet announced if he will run. "I am sorry. Its only temporary and has nothing to do with the content of the comments. Chapek's was named chairman of Walt Disney Parks and Resorts in 2015 and his tenure was marked by the opening of Shanghai Disney Resort in 2016, the doubling of the Disney Cruise Line fleet, the addition of immersive Star Wars lands at Disneyland and Disney World, the expansion of Marvel-inspired attractions worldwide and massive development projects at Disneyland Paris. Shares of the company fell less than 2% in extending trading Tuesday. Alas, Chapek fell too deeply in love with the idea of increasing Disney+ subscriber numbers. Despite the acrimony this month and a rare public clash last summer with an A-list star, Scarlett Johansson the company has been rebuilding after the depths of the pandemic and posted stellar financial results in February for its most recent quarter. Bob Chapek A Division of NBCUniversal. We want to hear from you. 2023 FOX News Network, LLC. Here are Disney's major milestones under Bob Iger's leadership. It wasn't the reason I left, but it was a contributing factor.". With Jobs, Iger said he "was never disappointed" with Disney's integration of Pixar. Iger and the Disney board's decision to give Chapek the job surprised Wall Street and Disney executives, especially after Iger had repeatedly pushed off his retirement to stay as Disney's CEO. A rep for ABC News toldFox News he would be reassigned after serving his suspension and an insider said he was hoodwinked into making the statements oncamera. So, Disney had to do many of these things, and I would agree with you. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar on March 22, 2021. In "The Courage to Be Free," the governor describes a conversation with former CEO Bob Chapek about Disney's political activities. DeSantis signs bill placing Disney district u Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Prince Harry says psychedelics are fundamental part of his life, Inside Scheana Shay, Raquel Leviss heated confrontation about Tom Sandoval affair, Tom Sizemore And The Dangerous Burden of Desperation, Tom Sandoval, Raquel Leviss planned to tell Ariana Madix about affair. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Of course, nobody does that unless they understand political machinations. The decision by the largest employer in Central Florida could have a major impact on election fundraising for both parties, and it escalates in his war of words with Gov. In "The Courage to Be Free," the governor describes a conversation with former CEO Bob Chapek about Disney's political activities. The Parental Rights in Education bill has passed the Florida Legislature and awaits the signature of Gov. You can look at the comments section for any Disney discussion, and its an inevitable statement from some. Powered and implemented byFactSet Digital Solutions. In short, this debacle was totally avoidable. Chapek and Disneys past public silence on the controversial HB 1557/SB 1834 bill ignited an internal revolt among the companys LGBTQ employees and their allies, leading to the CEO apologizing Friday for not being a stronger ally in the fight for equal rights., You may have seen the news earlier this week that HRC is not going to take any funding from Disney until we see them take real action to defeat hateful legislation in Florida, the HRC interim leader said during her speech at the Saturday event. He stepped down last year as CEO, succeeded by Bob Chapek, but has stayed on as chairman through the coronavirus pandemic. Change isn't necessarily bad.". But that's neither good nor bad. Its going to be a recurring theme here. This story has been shared 151,093 times. He then transitioned to the company's consumer products team in 2011 as president of Disney consumer products. News Analysis. Chapek has a career as an American media executive. ABC NEWS SUSPENDS DAVID WRIGHT FOR REMARKS MADE IN PROJECT VERITAS VIDEO. "I didn't do the deal myself, but it was singular in terms of the pursuit one on one in some cases being as candid as I possibly could be, and I think as authentic as I could be, and developing a relationship, even if it was developed over a relatively brief period of time.". I feel that the truth suffers, the voters are poorly informed, and people also have the opportunity to tune into whatever they want to hear, Wright said in the video, which also featured an ABCNews producer. Starting immediately, we are increasing our support for advocacy groups to combat similar legislation in other states, Chapek wrote, possibly referring to a similar measure proposed in Georgia and bills targeting transgender children in Texas and Idaho. Disney has *deep breath* eliminated Magical Express, exchanged free FastPasses for paid Lightning Lane experiences, required Park Passes, temporarily removed the dining plan and most annual passes, and raised many food/drink prices. Bob Chapek I consent to the use of following cookies: Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. REUTERS. Bob Chapek Political Party
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