The daily business briefing: November 21, 2022

Bob Iger returns as Disney CEO, Elon Musk is reportedly considering more Twitter layoffs, and more

Bob Iger
(Image credit: Jemal Countess/Getty Images)

1. Disney brings back Bob Iger as CEO

Disney said Sunday that Bob Chapek has stepped down as CEO and former CEO Bob Iger is returning to the position, effective immediately. The Disney board's chair, Susan Arnold, thanked Chapek for his leadership through "the unprecedented challenges of the pandemic," but said Iger is "uniquely situated to lead the company" through "an increasingly complex period of industry transformation." Iger served as Disney CEO from 2005 until 2020, when he resigned and announced Chapek as his replacement. Since then, Chapek's tenure at Disney has been a tumultuous one, and there were questions about whether he would retain his job earlier this year amid criticism over his handling of Disney's response to Florida's "Don't Say Gay" bill.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.