On Sunday night before the start of a holiday week, Disney made a huge move that many were happy to see them make.

The company bounced CEO Bob Chapek and replaced him with former CEO Bob Iger.

Under Chapek, often referred to as Bob Paycheck, Disney saw their stock tank and a company that lost its imaginative vision and only tried to prop up the bottom line.

Chapek was a bean-counter that appeared to care nothing about Walt Disney’s dream and cared more about trying to get into people’s wallets.

Bob Iger is a people person and he is returning for 2 years to try and get Disney back on track.

Disney was looking to make large cuts to the staff, now will have to wait and see if Iger ends those plans.

My guess is those at the ABC O&O’s are breathing a sigh of relief after seeing Paycheck pushed out.

I know the Disney employees at the parks are very happy.

As a Disney Annual Passholder and a stockholder I feel Disney made the right move. I have watched my Disney stock lose thousands of dollars and I also watched those working at the parks, grow frustrated with how the company was being run.

Hopefully, we will see changes back to a company that believes in innovation, isn’t trying to bleed every dollar out of the customer and invest in keeping the ABC O&O’s at the top of their markets.

It has been almost 1000 days under the Bob Paychek regime and today is a good day.