In recent months, as Bob Iger has sought to maneuver The Walt Disney Company through the now all-too-familiar gauntlet of challenges both local and systemic—the botched Chapek transition, the proxy fights, the box office woes, the streaming conundrum, the ESPN dilemma, the parks pricing, the actors and writers strikes, and, of course, the greater (gestures broadly at everything) macroeconomic pressures—some of his current and former associates started to suggest, as I reported in August, that the once smooth and self-confident C.E.O. seemed notably and uncharacteristically overwhelmed by the myriad headwinds. On Thursday, as Disney stock cratered below $80 a share, its lowest price in nearly a decade, one such associate offered a more acute assessment: “He must be in a bunker right now.”