MICKEY’S REVENGE! Bob Chapek Fired as CEO of Disney

Disney CEO Bob Chapek was abruptly fired Sunday evening as the ‘House of Mouse’ brought back former Chief Executive Bob Iger for at least two years.

“The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,” board Chair Susan Arnold said in a statement.

“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” Arnold said.