Disney CEO ousted after opposing Florida's parental rights bill

Former CEO Bob Iger will return to the roll for another two years, a decision that immediately caused the company's shares to rebound.

Following Disney's worst financial performance in more than two decades, the company announced the firing of CEO Bob Chapek, who will be replaced by former-CEO Bob Iger.

"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," the chair of Disney's board said in a statement.

"The Walt Disney Company Attempts To Solve Its Problems By Rehiring The Architect Of Those Problems, Ultra-Leftist Bob Iger Returns As CEO, Bob Chapek Is Out," tweeted Jack Posobiec on Monday morning.

Iger, over the course of fifteen years, acquired Pixar, Marvel, Lucasfilm and its "Star Wars" properties, and 21st Century Fox. Following the announcement on Sunday night, Disney stocks shot up by ten percent.

Since being hand-picked for the job by Iger himself in February 2020, Chapek made a number of controversial decisions that caused upset across the board, notably his opposition to Florida's anti-grooming law that prevents teachers from indoctrinating K-3 students in gender ideology. His short tenure also saw the company's value decrease by one-third.

Chapek's statements regarding the bill led to DeSantis' decision to strip the company of its special self-governing status, which will take effect in June of 2023.

Despite the backlash from Governor DeSantis and the majority of Floridians, Chapek doubled down on his opposition and announced a series of large donations to a number of woke causes. Then in what seemed like an attempt to fix the damage, he fired his chief executive who opposed the Parental Rights bill.

While Chapek's firing is being seen as a massive rebuke of woke leadership, some fear more of the same under the repeat leadership of Iger, who at the time also stated his opposition to DeSantis' anti-grooming law.

It remains unclear what direction the company will take under Iger's renewed leadership.


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