Jose Mourinho. Bob Iger. These men have one thing in common: they have rings or have great business records – and the world reuses them even when they desire to retire. You cannot explain these things. The football world continues to recycle and re-appoint Jose. He is now with AS Roma, after all the journeys. Why? People with prior great results continue to be recycled despite the abundance of new people looking for opportunities.
Just like football, business is about winning. Records, records and records build careers. Even when they begin to fade, the kingmakers always default to the man or woman with records. That explains why Bob Iger is returning back to Disney: “In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to once again run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately…Investors cheered the news, sending Disney shares 9% higher in premarket trading. As of Friday’s close, the stock has lost 40% of its value for the year..”
People, do all to put some great records in your resume! You just have to win once and that will do. They will never leave you alone because if you have won in the past, they will still believe you will win in the future.
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In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to once again run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” Susan Arnold, Chairman of the Board for Disney, said in a statement on Sunday night. “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.”
Investors cheered the news, sending Disney shares 9% higher in premarket trading. As of Friday’s close, the stock has lost 40% of its value for the year.
Iger will serve two years as CEO and help the board develop his successor, according to an announcement by Disney.
The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term. Mr. Iger succeeds Bob Chapek, who has stepped down from his position.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of the Board. “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.”
“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide–all of which will allow for a seamless transition of leadership,” she said.
The position of Chairman of the Board remains unchanged, with Ms. Arnold serving in that capacity.
“I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,” Mr. Iger said. “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe—most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.”
During his 15 years as CEO, from 2005 to 2020, Mr. Iger helped build Disney into one of the world’s most successful and admired media and entertainment companies with a strategic vision focused on creative excellence, technological innovation and international growth. He expanded on Disney’s legacy of unparalleled storytelling with the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox and increased the Company’s market capitalization fivefold during his time as CEO. Mr. Iger continued to direct Disney’s creative endeavors until his departure as Executive Chairman last December, and the Company’s robust pipeline of content is a testament to his leadership and vision.
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Well, on matters that require proof or apparent proof, you must refer to the past, since it’s not possible to produce proof on what has not happened. So when there’s chaos or crisis, only those who had won before can be called upon to stabilize things, you do not experiment in the time of emergency.
If you hire a fresher and the company collapses, how are you going to defend your call? Calling on former winners remains a safe bet.
Until you win, you cannot be seen as a saviour.