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Cramer calls for Disney CEO’s firing, says company’s ‘balance sheet from hell’ must be fixed


Jim Cramer on Thursday called on Disney (DIS) to oust CEO Bob Chapek and clean up the company’s ugly balance sheet. Chapek is “incapable of running a fantastic company,” Jim said. “Let’s say it was an NFL team, and the team was losing. … We need someone new at Disney. It’s accountability. Look, if you fired Bob Chapek, you’d make 25 points.” Disney saw wide misses on fiscal fourth-quarter earnings and revenue, driven in part by growing losses at its direct-to-consumer segment, which includes streaming. The poor results prompted the Club to call for a leadership change shortly after the quarterly release on Nov. 8, and Jim doubled down …

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