Business

In a shock move, Disney ousted Bob Chapek as chief executive after just 33 months in the job, and brought back Bob Iger, the previous CEO, to replace him. Senior executives lost confidence in Mr Chapek’s leadership, which came to a head when the latest quarterly earnings revealed rising losses at Disney+, the company’s premium streaming service. Mr Chapek also earned the ire of the creators of Disney’s content when he restructured the business around a policy of streaming first, taking creative control out of their hands. Mr Iger led Disney for 15 years during a period of growth, when it took over Pixar, Lucasfilm and Marvel studios.