The Disney Parks are still temporarily closed due to the coronavirus pandemic amid some very tough and challenging times. Even though Bob Iger stepped down as CEO of The Walt Disney Company a little over a month ago, he has now taken responsibilities of the position back from Bob Chapek for the time being.
In a new article from the New York Times, a lot was revealed regarding the future of Disney and what their plans are for after the pandemic. Here are just some of the important quotes from the article:
“Mr. Iger is now intensely focused on remaking a company… The sketch he has drawn for associates … is a Disney with fewer employees, leading the new and uncertain business of how to gather people safely for entertainment.”
“Mr. Iger also sees this as a moment, he has told associates, to look across the business and permanently change how it operates. He’s told them that he anticipates ending expensive old-school television practices like advertising upfronts and producing pilots for programs that may never air. Disney is also likely to reopen with less office space. He’s also told two people that he anticipated the company having fewer employees. (Mr. Iger said in an email on Sunday evening that he had “no recollection of ever having said” that he expected a smaller workforce. ‘Regardless, any decision about staff reductions will be made by my successor and not me,’ he added.)”
“One person close to the company said Mr. Iger assured Mr. Chapek that the extraordinary circumstances would be taken into consideration in the board’s evaluation of Mr. Chapek’s performance. But in reality, two hard, unpredictable years will determine if he can hold the job.”
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I’ll just leave this right here.
“You can dream, create, design and build the most wonderful place in the world … but it requires people to make the dream a reality.” – Walt Disney, founder of The Walt Disney Company