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    Woke CEO Ousted from Disney, Huge Name Returns with a Powerful Mandate from the Board

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    Disney’s CEO was sacked. Everybody is in awe.

    Perhaps it should read: Disney’s CEO was sacked. Is everybody in shock?

    This is due to the fact that many conservatives are probably unsurprised by the Walt Disney Company’s decision to fire CEO Bob Chapek on Sunday night.

    But the press is shocked: “Disney Shocker: Bob Iger Returning as CEO, Bob Chapek Exits,” The Hollywood Reporter titled its article. The Los Angeles Times’ headline read, “In Hollywood stunner, Robert Iger returns to head Disney as Bob Chapek exits.” And Deadline stated, “Disney Shocker! Bob Iger back as CEO, Bob Chapek out.”

    Why the surprise?

    After all, the Times alleged that Chapek was responsible for the over 40% decline in Disney shares this year.

    How can a reputable business like Disney suffer such a severe setback?

    Could it be that the once-popular Disney brand has lost some of its appeals? That it lacks a connection with its target market, like so many other institutions?

    Given that families have historically been its main audience, may Disney’s renunciation of conventional family values be pushing the company closer to the reality of the meme, “Go woke, go broke”?

    The board of Disney won’t comment.

    It gave what board chair Susan Arnold referred to as a “mandate” to improve the business by creating a growth strategy. Iger would also assist the board in finding a replacement.

    According to the Times, one theory for Chapek’s termination is that the board was concerned about the streaming service’s $1.5 billion loss from July and September despite a numerical increase.

    Board members have also criticized Chapek’s organizational changes, which creative executives claim have suffocated them, in addition to his subpar financial performance.

    Not to be forgotten is the dispute between Chapek and Florida Governor Ron DeSantis, which cost the company its special status there.

    In addition, according to the Times, Chapek fired Peter Rice, head of Disney television, who engaged in a legal dispute with actress Scarlett Johansson last year, who claimed the company had defrauded her of money from Marvel’s “Black Widow,” and recently announced cost-cutting measures that had a negative impact on employee morale.

    However, the impact of the company’s decision to swing strongly to the left in the culture wars with its explicit sponsorship of an LGBT agenda that is offensive to the sensitivities of a large portion of its target market is not being discussed, with the possible exception of the conflict with DeSantis.

    The financial situation must be impacted.

    More on this story via The Western Journal:

    And it may be that the leftward political and social push infecting major corporations is reaching its peak.

    Despite the board’s mandate, there’s no telling the direction Disney will go as Iger, who was CEO for 15 years, returns to the helm to replace Chapek. Significantly, some companies are beginning to understand the go-woke-go-broke message.

    Fear of employees’ opinions has been driving top management in recent years, Fox Business commentator Stuart Varney said in 2021. “They are afraid of being called racist,” Varney said. “The ‘woke generation’ speaks loudly, and the CEO cringes and retreats.” CONTINUE READING…

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