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



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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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