Chapek is leaving after the company posted lower than expected earnings in the last quarter. Hollywood’s creative community had grumbled about Chapek’s cost-cutting measures and sometimes blunt approach to talent, while theme park regulars had been unhappy with price hikes.
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Yup. Cost cutting measures is the problem.... Isn’t there a phrase about how a blind man can’t see? I hope Disney DIES.
Disney stock is down 41.44% on the year.