Disney Comms About Ousted CEO
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Students might enjoy comparing internal and external messages from Disney about Bob Iger’s return just 11 months after his retirement. Lagging investor confidence and profits ended the current CEO’s short tenure in the position, which the board skirts in the press release.
As we might expect, the public statement includes typical quotes from the incoming leader (Iger) and board chair. Missing are comments from the outgoing CEO, Bob Chapek, although the chair thanks him “for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic.” Iger is positioned as “uniquely situated to lead the Company through this pivotal period.” Here’s Iger’s quote for the release:
“I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,” Mr. Iger said. “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe—most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.”
In an email to employees, below, Iger mentions “gratitude and humility” and focuses on his audience—”cast members” who have probably struggled in many ways during the past couple of years. He says nothing about Chapek, but really, what is there to say? It might just sound false.
Dear Fellow Employees and Cast Members,
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.
When I look at the creative success of our teams across our Studios, Disney General Entertainment, ESPN and International, the rapid growth of our streaming services, the phenomenal reimagining and rebound of our Parks, the continued great work of ABC News, and so many other achievements across our businesses, I am in awe of your accomplishments and I am excited to embark with you on many new endeavors.
I know this company has asked so much of you during the past three years, and these times certainly remain quite challenging, but as you have heard me say before, I am an optimist, and if I learned one thing from my years at Disney, it is that even in the face of uncertainty—perhaps especially in the face of uncertainty—our employees and Cast Members achieve the impossible.
You will be hearing more from me and your leaders tomorrow and in the weeks ahead. In the meantime, allow me to express my deep gratitude for all that you do. Disney holds a special place in the hearts of people around the globe thanks to you, and your dedication to this company and its mission to bring joy to people through great storytelling is an inspiration to me every single day.
Bob Iger
