Disney CEO Bob Chapek Supported Peter Rice. Until He Didn’t.

The decision by Walt Disney Chief Executive Bob Chapek to fire top lieutenant Peter Rice from his position as head of the company’s General Entertainment Content unit last week had been under consideration for months, say people familiar with the matter.

Yet it came less than a year after Mr. Chapek had endorsed Mr. Rice’s leadership with a large bonus and a new multiyear deal that ran through 2024, people close to Mr. Rice said.

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