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Is Disney’s CFO Leaving Because of Bob Iger?

bob iger
Credit: Disney

It was reported earlier this week that the Walt Disney Company’s Chief Financial Officer, Christine McCarthy, was taking a sudden leave of absence.

RELATED: Disney CFO Steps Down Amid Lawsuit

Christine McCarthy

Credit: Disney

The Shocking Announcement

As initially reported, she was stepping down and taking family medical leave, much to the surprise of investors, Disney fans, and the entertainment world.

Having been with the company for over 20 years, Disney CFO Christine McCarthy served most of her tenure under the current Disney CEO, Bob Iger. She was also rumored to be behind ousting former Disney CEO Bob Chapek in 2022 and instrumental in pushing out other top executives in the company, including Peter Rice, the former chairman of Disney’s general entertainment unit.

Bob Chapek

Credit: Disney

RELATED: Did Disney Executives Unite to Fire Bob Chapek?

Some have also suggested (as recent as December of 2022) that McCarthy could be the next Disney CEO after Bob Iger leaves after his two-year stint (he was only planning to stay on through December 2024).

Did She Create Conflict at Disney?

However, when news broke that the Disney CFO was suddenly taking a leave of absence – with no official plans to return – many speculated there was more to the story. Her departure may be related to her ailing husband, who has been in a healthcare facility since early 2023. But some are skeptical.

Christine McCarthy CFO

Credit: Disney

According to the Wall Street Journal, Disney’s CFO Christine McCarthy, often clashed with its CEO Bob Iger and other top executives. These disagreements were over company strategies, including the money spent on content and the business’s recent restructuring (she thought there needed to be more cuts and layoffs).

RELATED: Disney Dealt Another Massive Blow

She reportedly was unafraid to challenge her bosses if she felt they were making a wrong move. Although this quality can be beneficial for a business, it may also have the potential to create conflict, enemies, and resentment within a company.

Bob Iger

Credit: Disney

RELATED: Bob Chapek Is Being Sued For Disney Fraud

The Walt Disney Company has not confirmed that her sudden leave is anything but what has been reported. However, many people wonder if her strong opinions and history of pushing out top execs had something to do with it. And Disney’s stock, loss of streaming subscriptions, and lukewarm box office numbers further the idea that a shake-up in the company’s leadership may be necessary.

bob-iger ceo disney

Credit: Disney

About Steven Wilk

Steven has a complicated relationship with Disney. As a child, he visited Walt Disney World every few years with his family. But he never understood why kids his age (and older) were so scared of Snow White or Alien Encounter. He is a former participant of the Disney College Program (left early…long story), and he also previously worked in Children’s publishing, where he adapted multiple Disney movies and TV shows. He has many controversial opinions about Disney…like having a positive view of Michael Eisner, believing Return of the Jedi is superior to The Empire Strikes Back, and that Toy Story Land and Galaxy’s Edge should have never been built (at least not at Hollywood Studios). Every year for the past two decades, Steven has visited either Walt Disney World, Disneyland, Aulani or went on a Disney Cruise. He’s happy to share any and all knowledge of the Disney destinations (and he likes using parenthesis a lot…as well as ellipses…)