Foreign media revealed the inside story of Disney's change of leadership due to a sharp drop in stock prices

According to a report by The Wrap: Behind the changes in Disney's senior management -

Bao Zhengbo (right)

1. Disney's stock price has plunged 41% since January this year. At the earnings conference earlier this month, although Bob Chapek and other executives acted as if nothing had happened and created a prosperous scene, the voices of dissatisfaction could not be stopped. The situation has changed.

2. During his tenure, Bo Zhengbo alienated too many people and took too many unnecessarily drastic measures, including publicly confronting Scarlett Johansson; he also fired the highly respected TV executive Peter Rice and eliminated all those who posed a threat to his position in order to consolidate his power.

3. Bob Iger has told close associates in the past few months that he believes "Bao Zhengbo was a mistake."

4. Disney's board of directors held an emergency meeting on Saturday night and decided to remove Bo Chenbo and appoint another CEO, Bob Iger. After the opening of the market this morning, Disney's stock rose ten points.

5. Iger's first step after his return is expected to be to dismantle the centralized system built by Bo Chenbo and delegate the power of creative and budget allocation from the media and entertainment department currently controlled by Bo Chenbo's confidant Karim Daniel to various film and television studios.

6. Iger may continue to use his best acquisition strategy in the next two years. However, compared with the past, Disney is under too much pressure in terms of acquisitions because the debt left after the acquisition of Fox assets has not yet been digested, which is as high as 48.4 billion US dollars.