Five months ago, Bob Chapek seemed firmly in control.
Walt Disney Co.'s board of directors in June extended Chapek's contract as chief executive of the legendary company for an additional three years, noting his leadership was key to "keeping Disney on the successful path it is on today."
But on Sunday, Disney's directors abruptly ditched Chapek, reinstalling his widely admired predecessor, Bob Iger, which elicited cheers from Wall Street and Disney's faithful.
