Disney CFO has been bad-mouthing CEO, Bob Chapek, for months, instead of helping the CEO better navigate the tough inflation and potential downturn in the economy, she was ‘raising concern’ to the board.
She was emboldened by a powerful ally, the ex-CEO, Robert Iger, who has been undermining his successor to keep himself busy and relevant in retirement, when Disney reported unexpected revenue decline, Iger saw an opportunity to force the CEO out and lobbied hard for his ouster!
The end of the unprecedented government goosed pandemic spending spree affected almost every major company in America, including the giants like Amazon, Netflix and Facebook, so there was nothing unusual or unique about Disney, however, the CFO thought it was her only chance to make it to the top!
The CFO’s plot to get the CEO fired and then replace him looked a little too R-Rated for the ‘family friendly’ PG rated Disney, so the board reached a compromise by appointing the under-miner, Robert Iger, as the CEO and the conspirator, Christine McCarthy, may have a shot at the top job in 2 years when Robert Iger completes his assignment.
Find out: How Disney CEO fell victim to the Toxic politics of Don't Say Gay
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