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Along with Trump, another Republican firebrand who is consistently making press is, of course, Florida governor Ron DeSantis. He ran a great election and helped rewrite the political map in Florida for a generation. He took on woke corporations and brought them to heel. And now his nemesis, Disney CEO Bob Chapek, is out at the entertainment giant.
Disney replaced Chapek with Bob Iger. Iger was CEO of Disney for 15 years and handed the baton to Chapek who picked a fight he could not win. “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of Disney’s Board.
It is now being reported by NBC News that:
Disney, in a shocking late Sunday announcement, said it had re-appointed Iger as chief executive, effective immediately, after Iger’s handpicked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant.
“It is with an incredible sense of gratitude and humility — and, I must admit, a bit of amazement — that I write to you this evening with the news that I am returning to The Walt Disney Company as Chief Executive Officer,” Iger wrote to employees in an email, which was obtained by CNBC.
The dramatic upheaval comes 11 months after Iger left Disney, and days after Chapek said he planned to cut costs at the company, which had been burdened by swelling costs at its streaming service, Disney+. Earlier this month, the company’s earnings vastly underperformed Wall Street’s expectations. Even its theme park business, which reported a surge in revenue, delivered less than analysts had projected.
NBC News went on to report that:
Iger’s return also comes as legacy media companies contend with a rapidly shifting landscape, as ad dollars dry up and consumers increasingly cut off their cable subscriptions in favor of streaming.
Iger will help the company’s board develop a new successor, Disney said in a release.
Chapek was named chief executive in February 2020, succeeding Iger, who had previously said he wouldn’t return to the role.
Shares of Disney have fallen about 41% so far this year, as of Friday’s close. The stock hit a 52-week low Nov. 9.
Iger has signed on to work as CEO for two years, Disney said Sunday, “with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term.”
It was further reported by National Review that:
During Chapek’s tenure the company became embroiled in a fight with Florida Governor Ron DeSantis after it chose to advocate against the state’s Parental Rights in Education bill, which prohibits teaching gender ideology and sexual orientation in kindergarten through third-grade classrooms.
Disney became an outspoken critic of the measure, going so far as to say its “goal as a company” is having the bill “repealed by the legislature or struck down in the courts.”
National Review then went on to report that:
In return, Florida stripped Disney of its “independent special district” status, with DeSantis warning that if the company chose to use its “economic might to attack the parents of my state,” he would treat it as a “provocation” and “fight back.”
After Chapek came out against the bill, Disney employees expressed concern that “overtly gay affection” had been blocked from Disney content in the past. Pixar studios reportedly restored a same-sex kiss in the film Lightyear after staff backlash to the alleged censorship of the “overtly gay” content, the Daily Caller reported in April.
Politically, DeSantis has certainly been a brawler who is more than willing to take on all comers. In fact, The Raging Patriot recently reported that
DeSantis issued a warning that billionaire and globalist George Sorors is actively rigging the upcoming midterm elections.
DeSantis’ re-election campaign released a Spanish-language PSA warning Hispanic voters that Soros is spreading false information ahead of the midterms. Soros helped fund and found The Latino Media Network (LMN), and they are acquiring Spanish-language radio stations in the U.S. So far, they have bought up 18 local radio stations.