Monday, November 28, 2022

Disney renews CEO Bob Chapek’s contract for another three years

Disney’s board voted unanimously to extend CEO Bob Chapek’s contract for three more years despite a tumultuous tenure, the company announced Tuesday.

Driving the news: Chapek’s contract was set to expire in February of next year, three years after he took the company over from Bob Iger, per CNBC.

“Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses—from parks to streaming—not only weathered the storm, but emerged in a position of strength,” chair of the board Susan Arnold said in a statement.
The big picture: Disney and Chapek earlier this this year became embroiled in a firestorm over Disney’s opposition to a new Florida law barring instruction on gender identity and sexual orientation for K–3rd graders.

Chapek was initially criticized for not speaking out about Florida’s so-called “Don’t Say Gay” bill.
What he’s saying: “Leading this great company is the honor of a lifetime, and I am grateful to the Board for their support,” Chapek said in a statement.

Christmas Red Velvet Cupcakes Vanellopes Sweets and Treats

Recipe: Christmas Red Velvet Cupcakes from Vanellope’s Sweets and Treats

Christmas Red Velvet Cupcakes with Cream Cheese Frosting Makes 15 large cupcakes Ingredients: Red Velvet Cupcakes 9 Oz All Purpose Flour 2 Oz Cocoa Powder 1 tsp. Baking Powder .5...
Recipe Oreo Cookies from Vanellopes Sweets and Treats min1

Recipe: Oreo Cookies from Vanellope’s Sweets and Treats

Oreo Cookies filled with Raspberry Chocolate Cream Makes 15 cookies Ingredients: Raspberry Chocolate Cream 1 Cup Raspberry Puree 16 Oz White Couverture Chocolate / Chopped 4 Oz White Coating...
Potato Wrapped Snapper flying fish

Potato Wrapped Snapper with Creamy Leeks Recipe from the Flying Fish...

Potato Wrapped Snapper with Creamy Leeks from the Flying Fish Café at Disney's Boardwalk Ingredients: 4 (6-ounce) skinless red snapper fillets 2 large russet potatoes 1/4 cup potato...