Trading Places ResearchMay 18, 2023

@gruber in re: Disney’s latest move in FL…

I don’t think this is a DeSantis thing. This is more about Bob Iger unwinding a lot of Bob Chapek moves.

In this case, it was moving the famed Imagineers from their home in Glendale, CA to Central Fucking Florida. There was an exodus of talent and retirements, and a huge loss of institutional knowledge in the process. I think this is one of the reasons for Chapek’s exit, among many.

More background here:
https://seekingalpha.com/instablog/49663329-trading-places-research/5807041-disney-bob-iger-and-future-king

Disney: Bob Iger, The Once And Future King (NYSE:DIS)

There are many good postmortems of the surprise Disney shakeup last week.

Seeking Alpha
Show threadNicky the Squid
@TradingPlacesResearch @gruber sure. But ducking Desantis is a nice bonus.
May 19, 2023 at 1:52amWeb
Show threadTrading Places ResearchMay 19, 2023

@kenckar @gruber definitely a two-for-one. Iger smells blood in the water, and Desantis has no idea who he is dealing with, clearly.

But if you click that link, I talk about this back when Iger took over. Moving the Imagineers to Central Fucking Florida was a big deal internally, and just sort of proved to everyone at Disney that Chapek was clueless.