2021，A few days before resigning，Iger made suggestions for his successor 188bet login and the company，The core is“Don’t use data to solve creative problems”，From this suggestion, we can see the different leadership styles of the two people，Iger attaches great importance to the creative team in 188bet login movie shooting、TV program production、Creative design of theme park attractionsplays an important role in other aspects. In contrast,188bet login’s biggest characteristic is，Research data，Let data speak for everything。

Another big difference between the two is,Iger encourages creative talents to use their best talents, giving them the greatest autonomy in decision-making, andWhen 188bet login reorganized the company shortly after taking office，Recover the power of those responsible for film and television departments，Concentrate on your right-hand man Karim·Daniel's hand。

Those who know the history of 188bet login may know，Iger became 188bet login CEO in 2005，One of the first few things to do is to disband the &ldquo that has monopolized power;Strategic Decision-making Committee”，Decentralize authority to each department，After Iger returned to 188bet login this time, he also quickly fired Chapek’s right-hand man，And said in a speech to all employees one week after taking office，Storytelling and creativity remain 188bet login’s core mission。

Company executives are dissatisfied with the organizational restructuring and being deprived of a lot of autonomy，Many employees are concerned about the company’s handling of the Florida bill、Dissatisfaction with Hollywood star Johnson’s lawsuit and other incidents，Fans respond to price increases for 188bet login tickets and other add-on services、Dissatisfied with the decline in service quality，And investors have increased their losses in 188bet login’s streaming business，I won’t be satisfied even if the stock price drops by more than 40% in the past year。This is also what Iger saidSatisfaction from within、In terms of investor relations and consumer support, CEO 188bet login was unsuccessful's reason.

Shanghai Disneyland ticket price changes Source: Internet

According to Wall Street Insights report，There is also a story behind the unanimous approval of the board of directors to extend 188bet login’s contract in June this year，There are also directors who are dissatisfied with his performance and are unwilling to support his contract renewal。Same，What happened before and after the fourth quarter earnings conference call ended September 30 was also confirmed，The two top executives of 188bet login, CEO and CFO, also have some conflicts，Not working well together，But they are constraining each other，188bet login even held a board meeting without McCarthy attending。

Obviously, on the conference call,Theme Park、The excellent performance of the experience and consumer products sector cannot conceal the disappointment of investors with the deepening losses of streaming media，Even this segment that contributes the most profits to 188bet login，Can it grow rapidly in the future，It is still unknown whether it will continue to contribute profits to 188bet login，CFO name，The operating profit margin of this business in the next quarter will decrease，Investors are also worried about this。

In this context,Yes“buy the dip”Intentional investment institutions are waiting for opportunities，Buy a lot of 188bet login stock whose stock price plummeted，Successfully obtained a seat on the 188bet login Board of Directors，And ask 188bet login to cut costs。This makes it even more uncomfortable for 188bet login, which is saddled with huge debt due to the US.3 billion acquisition of Fox assets and the impact of the epidemic，Chapek had to pass a hiring freeze、Restricting executive travel expenses and other measures to reduce costs。

188bet login acquires Fox for US3. Source: Internet

At the same time，Iger, who was already tired of the boring life after retirement, also seized the opportunity at this time，No longer what it used to be，Or criticize some of Chapek’s practices through interviews with major media，Or tell your friends，Express his concern for 188bet login, which he has devoted most of his life to, and his worries about its future prospects，But he once again assumed the position of CEO during this critical period of historical transformation for the company，Relying on his strong personal charm and business ability to save the current 188bet login in ";In dire straits”Among。

The following is the second part of the compilation of Wall Street Insights.

Weak fans

June this year，188bet login’s board of directors voted unanimously to extend Chapek’s contract until 2024。Parker and General Motors co-CEO Mary·Bala was originally unwilling to agree，Others convinced them，Saying that the support of all board members can enhance 188bet login’s confidence，It can also further boost his performance。

The secret criticism continues。Shortly after 188bet login renewed his contract，Iger told a friend，He believes that 188bet login has failed in all three important criteria for measuring the success of a CEO，The three criteria are: Internal Satisfaction、Investor Relations and Consumer Support。

Results of an internal survey of 188bet login employees，Employee morale is very low。Based on consumer confidence survey results from Harris Pool, which Iger regularly follows，Fans no longer love the 188bet login brand。

Despite the difficulties，The contract extension seems to give Chapek more courage。September this year，He wore a newly trimmed beard and chatted at 188bet login’s D23 fan conference，Go behind the scenes to interact with celebrities and 188bet login’s most loyal fans。

Chapek gets some boos，This also shows that some 188bet login fans have turned from loyal fans to critics of the current CEO。Some tourists are deeply dissatisfied with the theme park reservation system that 188bet login strongly advocates。At some of the most popular attractions，Except for the ticket price increase，Tourists also pay extra to avoid long queues，This seems to turn a vacation that is affordable for the American middle class into a pastime that only a few wealthy people participate in。

188bet login Premium Card details

Even casual 188bet login theme park fans have criticized some of the practices Chapek has introduced。Park visitors post various short videos on Douyin and Instagram overseas，Call the rides that are closed for repairs “188bet login'd。” "Bob Cheapek" became a popular symbol on fan sites and message boards，This term refers directly to 188bet login's famous cost-cutting and ticket price increases。

Inside 188bet login，Creative executives unhappy as their power is diluted。Chapek’s relationship with 188bet login film and television executives began to become tense in his first year on the job，At that time, he restructured the company，Let business-oriented executives be responsible for content production budgets and deciding whether a movie or a TV talk show will be placed in online media、Streaming media or cinema premiere。Karim, Chapek’s deputy when he was in charge of 188bet login Parks operations·Daniel is responsible for the new organization，Make the content distribution decisions mentioned above。

188bet login streaming service 188bet login+ Source: Internet

188bet login defended the decision in an interview with Wall Street Insights this year，Leaders must“Have the courage to do the right thing，It is not your own rights to consider the forces of all parties。”

At the end of 2021 and from the summer of 2022，Funds managed by investment institution Fidelity Investments have reduced their holdings of 188bet login shares by 30%，Sequoia Capital’s 5 billion hedge fund，The proportion of assets in technology and media is about 46%，Sold all 2.8 million 188bet login shares in hand。

Sequoia Capital stated in a letter to investors,Proceeds from 188bet login’s stock sale will be used to strengthen its position in Netflix, 188bet login’s biggest rival。

Performance decline

As of the end of September,188bet login’s stock price has fallen approximately 40% this year，And the fourth-quarter earnings call quickly became the "big mark" of 188bet login's leadership.;Referendum”Onsite。

McCarthy told the directors,188bet login’s revenue and operating profit in the coming quarter may be well below analysts’ expectations，This caught 188bet login by surprise。She told investors，Streaming media business losses are increasing，Profit margins in the theme park business are declining。

188bet login’s total revenue and growth rate Source: Longbridge Dolphin

Many directors asked 188bet login why the company had such poor performance。McCarthy answered most questions，And later told board members that 188bet login was working on solving these problems。

188bet login complained to colleagues that McCarthy released financial data on a conference call that had not been discussed in advance，Make him look embarrassed。In fact，Before the meeting，Sent materials to each board member and company executive，Also includes financial data released by McCarthy。

McCarthy is 67 years old，Known as a loyal supporter of the 188bet login brand，During her battle with cancer，Often return to the office after chemotherapy in the hospital。

In an interview with the alumni magazine of Smith College, my alma mater，McCarthy talks about the various hardships he encountered in life，Including anorexia in youth and gender discrimination in the workplace。“What I learned at Smith is，I have the confidence to tell the truth，”She said。

Some of the recent measures 188bet login has taken make her very worried，This includes his programming strategy to avoid continued losses at 188bet login’s streaming unit。“Not bad，”he said in a disdainful tone during a conference call with colleagues。

Until January this year，McCarthy and 188bet login’s relationship breaks down，188bet login didn’t even let her participate in board meetings。He also told the executives around him，She is not very focused，Probably distracted by his husband's ailing health，So the mood is not very stable。These words reached the ears of some 188bet login directors，And McCarthy heard it from a colleague。

McCarthy and 188bet login Source: Internet

Those who know 188bet login say，These words don’t seem to come from 188bet login。

The relationship between 188bet login executives deteriorated，More executives express concerns about the company to Iger。Some people are worried about the head of film and television business Alan·Borgman and theme park division chief Josh D'Amaro may resign。June，Chapek suddenly fires 188bet login TV content chief Pete·Les，Many company executives are deeply disturbed by this move。

Theme park business has also begun to appear“Crack”，This is the business 188bet login relied on most to make money in the past fiscal year。Operating profit margin shrank a lot in the fourth quarter，Bloggers and social influencers amplify tourists’ complaints about rising ticket prices。188bet login Market Research Findings，The attitude of white tourists aged 55 and above towards the park has changedchange，Because they think 188bet login is "too woke", Alluding to 188bet login being too sensitive in warning against racial prejudice and discrimination)。

End of October，Chapek went on a business trip to New York to meet with investors。He sent a very eye-catching report to the bankers。Chapek and his key executives are also optimistic about 188bet login's performance in the coming quarter。

November 8，188bet login presented the fourth quarter performance data on the earnings call。

Dinsey+ added 12.1 million new streaming subscribers，Higher than analysts’ expectations，The total number of global subscribers reaches 1.64.2 billion，But the loss was 38% higher than Wall Street analysts’ forecasts，Nearly US.5 billion。

188bet login+ subscribers reach 1 in three years.64.2 billionSource: Internet

Analysts from investment management firm MoffettNathanson focus on 188bet login’s forecasts for future profitability。They had expected the company's growth forecast for an important profit indicator to reach 34%，But 188bet login’s answer is just single-digit growth of no more than 10%。“Our forecasts for 188bet login’s profit margins have never been so far off，”Analysts say。

Before conference call，McCarthy advises 188bet login to face the bad news，But the latter spent more time praising the return of offline activities in his prepared speech，For example, some live theme attractions in theme parks。

The next day,188bet login stock price drops the most in history。In the past 20 months，Share price from 201 per share. fell to 86.USD 75。

188bet login’s stock price has continued to fall over the past year

Speculators take action。A few days after the financial report was released，Fund management company Trian Fund Management LP purchased more than 0 million worth of 188bet login shares，Peltz, the fund’s co-founder, called Chapek，Said he invested in 188bet login。He wants a seat on the 188bet login board，Oversee company cost cutting。

Just a few days，188bet login finds himself behind bars，On one side are the panicked employees of the company，On one side are investment institutions waiting for opportunities。November 11，He issued a memo to senior management，All non-essential business trips are prohibited，And suspend the recruitment of new employees。He also added，Possible layoffs。

The plot ends

November 16，McCarthy decided to take matters into his own hands。Without discussion with the CEO，Without the approval of the board of directors，She called Iger，Ask him if he is interested in returning to 188bet login as CEO。At this time，This is when Iger is in a period of emotional underestimation，He often tells his friends，He has never been more worried about the future direction of 188bet login than now。

188bet login CEO Bob Iger

He also told them，He was frustrated with his idle life after resigning from 188bet login。Early October，Iger drove his yacht to travel near Fiji Island，Also complained to his friends，His wife is too busy with work at the University of Southern California School of Communication and Journalism to play with him。

Previously，Iger was invited to serve as a consultant to private equity firm Redbird Capital。On November 18th，Arnold called him to invite him to return to 188bet login。

Same day，Cramer, who has close ties to McCarthy, said on CNBC，He heard that Peltz had been offered a board seat at 188bet login，“188bet login needs his help，The existing team is not capable of solving the current problem。”

November 20，Arnold calls Chapek，Show him，He is no longer CEO of 188bet login。

When a message is received，188bet login executives are gathering at the Dodge Experience in Los Angeles for Elton John’s final concert in America，The concert will be live streamed on 188bet login+。Chapek is a fan of the singer-songwriter，He was going to attend，But he has no chance。

One week later，Iger held a meeting in the conference hall of the Burbank headquarters，And conduct online live video broadcast for employees participating remotely。He promised，Storytelling and creativity remain 188bet login’s core mission。

Orlando 188bet login World Source: Internet

The CEO who returned to 188bet login also had to deal with many problems: empty rooms in theme park hotels，Shanghai Disneyland and movie theater chains in China remain closed，Wall Street also demands the release of profitability status of the streaming business。In addition，Iger also told the board，He will look for a successor for the company again。

Winning over grumbling fans is easy for Iger。

On a Saturday afternoon in December，Iger walks on the Avenue of the Americas at Disneyland in Southern California，Surrounded by company executives、His wife and security guard with headphones。

“I love you！”The fans passing by shouted。Some fans even stopped to take selfies with him，I also need a signature。

Iger looks very happy，Let those friends around him secretly wonder whether he has any plans to leave after coming。