In Hollywood, where job security is fickle, Disney CEO Bob Chapek supported Peter Rice—until he didn’t. Here’s what went wrong for the veteran executive.
By some accounts, Mr. Rice, the well-regarded creative executive, was an impassioned advocate for his content and people. Others said he was difficult and that Mr. Chapek tired of his style.
Peter Rice was one of the most senior executives at Disney, tasked with managing a budget of $10 billion annually.
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