Disney (dis) CEO Bob Iger is back — and so are the corporate office demands.
According to an internal memo obtained by Yahoo Finance, Iger told Disney hybrid employees that they would have to be in the office at least four days a week, starting March 1. From Monday through Thursday will be the priority for in-person business days.
CNBC first report circulation of Iger’s memo.
“As I have met with teams across the Company over the past few months, I have been reminded of the great value of working with the people you work with,” Iger writes.
“As you’ve heard me say many times, creativity is the heart and soul of who we are and what we do at Disney. And in a creative business like ours, nothing can change that. the ability to connect, observe, and create with colleagues that comes from being together physically, nor the opportunity to grow professionally by learning from leaders and mentors, ” the memo continued. “I believe that working more face-to-face together will benefit the creativity, the Company’s culture and the careers of its employees.”
Iger who will face some strategic questions on business in the new year, emphasized the importance of culture and creativity since stepping back as CEO in November.
The moderator was quick undo elements on its predecessor’s strategy, including firing Kareem Daniel and restructuring Disney’s Distribution of Media and Entertainment (DMED) — one of former CEO Bob’s first major changes Chapek.
Iger also has report expressed concern about Chapek’s adverse price increases at the company’s theme parks. While Iger is unlikely to reverse the price increase in the new year, Disney fans could see the numbers rise and fall in 2023.
Other senior executives like Tesla and Twitter CEO Elon Musk, Apple CEO Tim Cook and JPMorgan CEO Jamie Dimon also expressed their preferences to be in-office versus hybrid and teleworking.
Alexandra is a Senior Media and Entertainment Correspondent at Yahoo Finance. Follow her on Twitter @allliecanal8193 and email her at [email protected]
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