Embattled Disney CEO Bob Chapek Gets Contract Extension

Embattled Walt Disney Company chief Bob Chapek got a critical endorsement after the entertainment giant’s board of directors voted unanimously on Tuesday to extend his contract for an additional three years. The move comes as Chapek’s future has been hotly debated around Hollywood and in media circles. After taking the reins from his charismatic predecessor Bob Iger, Chapek got plaudits for his no-nonsense approach to growing Disney’s streaming service. And he and the company’s stock was initially rewarded when Disney+ blew past subscriber projections after launching in 2019. That helped off-set the lost revenues that Disney had to endure when… Read Full Article