Disney’s BOD unanimously voted to give CEO Bob Chapek "three more years atop the company, citing strong leadership during the pandemic." The board pointed to Chapek’s "navigation of the company during the heath crisis, business results and a successful transformation strategy as reasons for extending his contract." Chapek’s leadership "has come under scrutiny after a series of missteps, including a legal battle with star Scarlett Johansson and more recently a public spat with Florida Gov. Ron DeSantis." Nonetheless, the Disney+ streaming service has "thrived despite intense competition, growing to 138 million subscribers in less than three years, alongside strong attendance at its parks and to its movies" (L.A. TIMES, 6/28).
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Don't miss this week's issue of SBJ. We take a look at the quirky Savannah Bananas and how they're turning the baseball world upside down with their antics. Also, we unveil our 23rd annual class of Forty Under 40 honorees; LIV Golf reaches U.S. shores; and NASCAR sees gains in first-half ratings and attendance.
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