The decision to fire a well-respected Disney executive in the most unceremonious possible manner set off waves of outrage and a stock price hit: “It's not good for the company. Morale is terrible”
“Chapek just made another massive mistake,” this exec announced. The market may have agreed: Disney stock fell nearly 4 percent as the news became public, a larger decline than the market as a whole Thursday.
Chapek’s decision to fire a long-standing and well-respected executive in the most unceremonious possible manner set off waves of bafflement and, for many, outrage — from the uppermost circles of Hollywood power to lower-echelon players. “There are very few things that stun me,” says another one of the industry’s most seasoned executives. “This stuns me.”
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