He was born Robert Alan Chapek on 21 August 1960, in Chicago, Illinois, the United States, and raised in Hammond, Indiana, U.S. He is reviewing assets and is preparing to sell or reorganize those businesses, to begin the process of paying back those it owes money. In November, Mr. Zhao said he would sell the tokens and expressed concerns about FTXs financial stability. Sign up for free newsletters and get more CNBC delivered to your inbox. All Rights Reserved. Chapek said the company was pausing campaign donations in Florida following the bill's passage. Bob Chapek was initially silent on Florida's controversial bill barring discussions of gender identity in school classrooms. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of Inside the Magic. DeSantis this morning to express our disappointment and concern that if the legislation becomes law, it could be used to unfairly target gay, lesbian, non-binary, and transgender kids and families, Chapek said at the time. One of These Things Is Not Like the Other: Here's Who Will Be GOP Senators Torch Garland for Targeting Pro-Life Activists in the Aftermath of Dobbs, Lightfoot Blames Racism, Sexism for Reelection Defeat, CNN Embarrasses Themselves on Biden's Illegal Student Loan Scheme, Garland Gives Curious Explanation About Why Mexican Cartels Aren't Classified as Terrorists, You May Believe Trump Wrong on Everything But He Is Correct about Ukraine, Meghan Markle and Husband Harry Get Evicted From Their Royal Estate, AG Garland defends DOJ/FBI targeting peaceful pro-lifers instead of pro-abort domestic terrorists. Democratic attorneys general in 17 states have accused their Republican counterparts of threatening their ability to fulfill a legal duty to investors to adhere to environmental, social and governance principles, adding further political tension to this booming area of investing. (Mr. Peltz, though, doesnt want Iger back, The Wall Street Journal reports. "We thank Bob Chapek for his service to . Got a confidential news tip? Im someone who can honestly say that I like Bob Chapek, but Disney is substantially better off with someone else as CEO. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. This week . Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. The E.S.G. Disney Style / Epcot / merchandise / News / Walt Disney World, Add Spark to Your Collection with Figment Flower & Garden Loungefly, Dining / Epcot / Events / Walt Disney World / World Showcase, The Florida Fresh Outdoor Kitchen Brings Sunshine and Good Eats to the 2023 EPCOT Flower & Garden Festival. Scalise, like all U.S. House members, is up for reelection this year. The letter specifically called out the company for speaking against the DeSantis-signed legislation. "We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the . GOP Gov. Bob Chapek (left) and Robert Iger at the 50th anniversary of Walt Disney World last year. Chapek famously bristled at the notion of being a bean counter. Robert Alan Chapek (born 1960) is a former American media executive who was the chief executive officer (CEO) of The Walt Disney Company from 2020 to 2022. Democrats have a slim majority in both chambers of Congress, and the party has to rely on Vice President Kamala Harris' tie-breaking vote in the Senate to cement its majority. Disney CEO Bob Chapek apologized to staff Friday following a disastrous week that saw his company engulfed in the political firestorm surrounding Florida's "Don't Say Gay" bill.. Otherwise, she wouldnt have taken the gig. Bloomberg via Getty Images. Now, the Reedy Creek Improvement District, which dates back to 1965, may end in 2023, specifically due to Chapeks missteps. Jobs one and two for Mr. Iger: restore the companys fortunes and groom a successor, meaning the Game of Thrones-like contest to find a replacement begins immediately. At the time, he immediately ceded his role as Disney CEO to Chapek. In totality, all these singular mistakes add up to one glaring issue Chapek could never overcome. The GOP has partly used the criticism of companies to mobilize conservative voters ahead of elections. To a larger point, the only thing that could potentially save Reedy Creek is that Iger shares a better relationship with and understanding of politicians than Chapek ever did. How did FTXs troubles begin? I called Gov. Although Chapek . Joe Burbank/Orlando Sentinel, via Associated Press, Last year, Changpeng Zhao, the chief executive of, Mr. Zhaos announcement drove down the price and spooked investors. Chapek has been having "private phone calls" this year with . Last December, Robert Iger told a Variety reporter he wasnt second-guessing his departure from Disney after leading the entertainment giant on a 15-year run of growth and profits. Chapek's contract was set to expire in February next year, three years after he unexpectedly took . Chapek caved to the left and the rest, as they say, is history. I would put some of this in the category of the transition of one CEO to the next, the source said. As the upcoming midterm elections approach quickly, Disney CEO Bob Chapek has begun to lay the groundwork for working with a new regime. Prior to his appointment to succeed Bob Iger as CEO, he had already been involved with their Home Entertainment division for 26 years, and served as the Chairman of Disney Parks . The president's party typically loses seats in midterm elections. Now, a new interview with Chapek has been released in which he reveals his thoughts on park demand, price increases, Disney "superfans," the Scarlett Johansson lawsuit, and more. Whats stunning about this approach beyond the sheer audacity is that these products are barely a year old! "I called Gov. "I think there is significant concern now that Republican lawmakers believe in free markets and capitalism but only if they agree with that company," Cristina Antelo, a Democratic lobbyist who counts Disney as a client, told CNBC in a recent interview. (Gerardo Mora/Getty). Year 2013. Once a golden boy of the crypto industry, he was a major donor to the Democratic Party and known for his commitment to effective altruism, a charitable movement that urges adherents to give away their wealth in efficient and logical ways. The winner in the whole affair was clearly Florida Republicans, namely Ron DeSantis who sailed to victory in his 2022 reelection bid by almost 20 points. a Democrat and Republican, respectively, and several others of both parties, was obtained by The Associated Press. of Netflix, meanwhile, wrote on Twitter that he wished Iger would have gotten out of Hollywood and instead run for president.) Heres an example of how mistakes tend to propagate. Wednesday: The Federal Reserve releases minutes from its November meeting, potentially signaling whether it intends to slow the pace of interest rate increases. a Democrat, cited the company's recent . Anyone can read what you share. A deal would require the approval of a majority of News Corp and Foxs respective minority shareholders. Some Disney executives and their advisors are concerned Republicans could ramp up their attacks on the company if the party wins control of the House, according to people familiar with the matter. Joffreys Holiday Blends Arrive at Disney Springs, Celebrate Soulfully Has Arrived at Disneyland Resort. According to reports, The Walt Disney Company is among many firms preparing for Republicans to retake the House of Representatives. Executives at the Walt Disney Company are reportedly hoping for new leadership sooner rather than later.. As reported by Puck, there are executives at the company who are reportedly rooting for current CEO Bob Chapek to fail in his current position and be replaced by someone with more content and media experience.These reports comes after Disney's recent post-earnings conference call. The Walt Disney Co. is experiencing a major and very unexpected corporate shake-up, as current CEO Bob Chapek is stepping down from his position and being replaced by . However, as Iger continued to serve as Disney's executive chairman . It's notable that Chapek, at least in his conversation with DeSantis, expressed that he did not want to bring his company into conflict with DeSantis and more notable given the fact that he ultimately decided to throw Disney into back-to-back political battles that saw Chapek lose both, then his job. We get pressured all the time, Chapek told DeSantis, according to the governors book. Iger remarked on Tuesday's episode of the "Coffee with The Greats . Democratic lawmakers are calling for an investigation and tighter ethics rules for justices, after reports that a 2014 decision on contraception was disclosed in advance to anti-abortion activists. Asian stocks fall on renewed Covid fears in China. Townhall.com is the leading source for conservative news and political commentary and analysis. The company, based in the Bahamas, built its business on risky trading options that are not legal in the United States. And Chapek purchased a multi-million-dollar mansion in California after he became CEO. The company shelled out $1.37 million in the second quarter alone. Prior to 2016, Bob Iger's political party was Democratic Independent (2016-present). Ron DeSantis' New Book Describes Phone Call With Bob Chapek, Says Then-Disney CEO Talked Of Unprecedented Pressure To Weigh In On "Don't Say Gay" Bill . Iger quickly chafed at Chapeks leadership style and reportedly found his successor to be a novice in responding to talent management concerns and politics-adjacent disputes such as the companys infamous contract dispute with Black Widow actress Scarlett Johansson and its clash with Florida Gov. President Joe Biden's relatively low approval rating has appeared to pose a challenge for Democrats: a recent NBC News poll found 45% of voters approve of the job Biden is doing, while 52% disapprove. Wed like your feedback! 30 Oct 2022, 12:14 PM PST 0. (NYT), Cigars, booze, money: How a lobbying blitz made sports betting ubiquitous. (NYT), Activist investor campaigns are on the rise. The spat between Disney and DeSantis culminated in the Florida governor stripping the entertainment giant of its special tax status within the state. European soccer teams drop Fifa protest threat. But this time is different. Correctly, DeSantis recounts his advice to Chapek that included saying there would be limited periods of "outrage" from the woke mob when the bill passed Florida's legislature and again when DeSantis signed the parental rights bill, but that it would be just "48 hours of outrage" and that it would be "mostly online. 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