Palace coup at magic kingdom
Business Standard|September 09, 2024
How Iger outmanoeuvred Chapek and returned to power at Disney
JAMES B STEWART & BROOKS BARNES
Palace coup at magic kingdom

DUTOS. DEHTEDS 8 September At 5 pm on February 25, 2020, Bob Chapek and Bob Iger settled into matching directors' chairs on the Disney studio lot for a series of live media interviews. The company had just shocked pretty much everybody by announcing that the littleknown Chapek would be replacing the wildly popular Iger as chief executive.

In an interview with Julia Boorstin of CNBC, Chapek fawned over his predecessor.

"I obviously have huge shoes to fill," he said with wide eyes, hailing Iger's "magic" running Disney. Iger's 15-year tenure as chief executive had been so successful that he had considered running for president as a Democrat.

Queen Elizabeth II knighted him just before she died.

This story is from the September 09, 2024 edition of Business Standard.

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This story is from the September 09, 2024 edition of Business Standard.

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