To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Major Disney Shake-Up after Massive Stock Decline, Furor Over Content; CEO Bob Chapek Replaced by Former CEO"News reports reveal Disney is focusing on creating content to expose young children to sexual ideas," read a survey question from the Trafalgar Group and the Convention of States Action. "Does this make you more or less likely to do business with Disney?" Overall, nearly 70% of likely American voters said they are LESS likely to do business with Disney in response to this question, with 57% saying they are "much less likely"... [Faithwire.com] The Walt Disney Company, known for its iconic entertainment brands, announced a massive strategic shift Sunday night, with former chief executive Bob Iger returning to the role he left in 2020. (Image: Pixabay) Iger, who is coming out of retirement after serving as CEO from 2005 to 2020 and executive chairman until his 2021 retirement, will replace Bob Chapek, the chief executive officer who succeeded him just two years ago. The stunning development comes as Disney, once an overwhelmingly trusted brand for kids' content, has been in the culture war crosshairs. Disney announced Sunday night Chapek had stepped down and Iger was stepping back up for a two-year role—a move that shocked industry observers. The company's board said Iger is uniquely positioned to help navigate Disney through difficult contemporary terrain. "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 of the shock move. Arnold anticipates a "seamless transition of leadership," considering Iger's past connections with Disney leadership. And keeping in mind he left less than a year ago, these relationships are still fresh. The leadership shakeup comes after Disney showed a lower fourth quarter than expected, with stocks dropping more than 40% this year. Shares hit a 20-year low after the fourth-quarter report... Subscribe for free to Breaking Christian News here Continue reading here.
To receive daily emails from Breaking Christian News to your inbox CLICK HERE Other Recent Articles from Breaking Christian News An Important Message from Japan to the world about the WHO, Japan and the Next So-called 'Vaccine' Farmers, Truckers Warn California Emissions Mandates Will Cause 'Catastrophic' Supply Chain Crisis Fed Court Overturns State Law Protecting Women's Sports from 'Transgender' Athletes Biden's Education Secretary Vows to Shut Down the Largest Christian University in the US US to Back Rafah Op in Exchange for Israel Dropping Major Iran Strike; Report Schumer Succeeds in Killing Off Mayorkas Impeachment Trial before It Can Even Begin California Town Tears Down Beloved Hillside Cross Danielle Smith Again Defends Alberta's Coming Ban on Transgender Mutilation of Children US Supreme Court Says Idaho Can Enforce Ban on Child 'Sex Changes' as Lawsuit Continues How Bidenomics Shattered the American Dream of Homeownership Bill Aims to Stop Illegal Aliens from Squatting in US Homes Soros-Linked NGO Distributes Flyers in Mexico Telling Illegal Immigrants to 'Vote For Biden': Report Long-Awaited Articles of Impeachment against DHS Secretary Mayorkas Finally Arrive in Senate Justices Gorsuch and Alito Highlight Biden Admin's Glaring Double Standard during J6 Hearing NPR Suspends Editor Who Blew Whistle on Left-Wing Takeover of Newsroom Search the Articles Archives |
All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.
Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved
Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.
Home | Store | Subscribe | Facebook | Article Archive |