Disney has fired CEO Bob Chapek, who pushed critical race theory and gender ideology in the company's programming and employee training. Huge rebuke of woke leadership.
After Chapek's disastrous fight with Gov. Ron DeSantis, Disney+ domestic subscriber growth collapsed, public approval dropped, and the stock price plummeted.
Other causes contributed (economy, streaming saturation), but timing suggests they paid a price for the DeSantis fight.
Former Walt Disney Chief Executive Bob Iger is returning to the company as CEO less than a year after he retired, a surprise appointment that comes as the entertainment company struggles to turn its streaming TV services into a profitable business.