As Bob Iger steps in again as CEO of Disney following the dismissal of Bob Chapek, former head of the company Michael Eisner seems to be publicly celebrating the decision.Eisner took to his Twitter page to express how the company "has suffered in recent years," which would point to the time period that Chapek was the man in charge. The former CEO went on to say, "This is a good time for us to remember the words of Walt Disney who said, “Everybody falls down. Getting back up is how you learn to walk.”RELATED: Scarlett Johansson's Black Widow Lawsuit Doomed Bob Chapek's Disney Career

Iger returned as Disney CEO after a short-lived retirement. Chapek stepped in to replace the popular head of the House of Mouse and held the position for 33 months. The tenure was full of hardships, including mounting political pressure during walkouts associated with Florida’s “Don’t Say Gay” bill and the financial strain of running Disney during the COVID-19 pandemic. Amid all of these business concerns, Chapek also announced a hiring freeze and job cuts that would hit the company in early 2023.

Michael Eisner's Time at Disney

Eisner was the head of The Walt Disney Company from 1984 through 2005. During Eisner's 21-year stint as Disney CEO, the company saw its poorly performing animation studios at the time take a major turn for success. Called the Disney Renaissance, the time period between 1989 and 1994 saw the studio releasing critical and financial hits like The Little Mermaid, Beauty and the Beast, Aladdin and The Lion King. In addition to success with the animation studio, Eisner also led the acquisitions of ABC, the majority of ESPN and The Muppets franchise.

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During his final years as CEO, Eisner experienced a share of box-office bombs in the early 2000s. Films such as Treasure Planet, Home on the Range and the Jackie Chan remake of Around the World in 80 Days, were all significant financial failures for the company. In 2005, Eisner announced he would be stepping down as CEO and that day-to-day duties would now be handled by Iger.

Iger's success as the new head of the company became clear very early on. He acquired Pixar in 2006, Marvel Entertainment in 2009 and Lucasfilm in 2012. Following the Disney/Fox merger, he then secured the entertainment assets of 21st Century Fox in 2019. The CEO also led the company into the world of streaming with the launch of Disney+, which has now surpassed competitors like Netflix with more than 164.2 million subscribers.

While he is expected to be compensated less to return as CEO, Iger might make over $50 million including bonuses in the next two years. Chapek earned a reported $32 million in 2021. His contract was extended through 2025 but due to his ouster from the company, he is promised a minimum payout of $22.5 million.

Source: Twitter