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Disney CEO Bob Iger has managed to convince investors that he is turning the company around after winning a proxy battle against Nelson Peltz and Trian Partners fund. Iger has made significant changes, including companywide cost-cutting, transforming streaming into a profitable business, and pursuing new ventures such as sports streaming and partnerships with companies like Epic Games. As a result, Disney stock has gone up 35% this year.

However, one area where Iger has struggled is in finding a successor. Peltz’s criticism of Iger’s inability to identify a replacement has been a significant concern for investors. Iger is aware of this weakness and has promised that he will ensure a suitable replacement is in place by the time he steps down in 2026.

Currently, it is difficult to assess Disney’s progress in selecting a successor. The company is considering both internal candidates like Dana Walden and Jimmy Pitaro, as well as the possibility of selecting someone from outside the company. Until Iger announces his decision, it is uncertain how Disney will proceed.

In conclusion, while Iger’s efforts to revitalize Disney have been successful so far, the crucial test of finding a successor remains. Investors will have to wait to see if Iger can fulfill his promise and secure the future of the company. The patience of investors will be key in determining the long-term success of Disney under new leadership.

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