After Chapek's disastrous fight with Gov. Ron DeSantis, Disney+ domestic subscriber growth collapsed, public approval dropped, and the stock price plummeted.
Other causes contributed (economy, streaming saturation), but timing suggests they paid a price for the DeSantis fight.
Former Walt Disney Chief Executive Bob Iger is returning to the company as CEO less than a year after he retired, a surprise appointment that comes as the entertainment company struggles to turn its streaming TV services into a profitable business.