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Disney CEO Bob Iger: Turning the Company Around, But Finding a Successor Could Make or Break His Legacy

Disney Investors Will Not Be Satisfied until Bob Iger Names His Replacement

Disney CEO Bob Iger: Turning the Company Around, But Finding a Successor Could Make or Break His Legacy

Disney CEO Bob Iger has successfully convinced investors that he is turning the company around, but his final grade will depend on his ability to find a suitable successor. Despite winning a proxy battle against Nelson Peltz and Trian Partners, Iger has been dedicating significant time and effort to proving he is on the right track. This has involved cost-cutting measures, turning streaming into a profitable business, and exploring new ventures.

Wall Street has responded positively to Iger’s efforts, with Disney’s stock rising by 35% this year. However, one of Peltz’s strongest criticisms has been Iger’s failure to identify a suitable replacement. Iger is now promising to rectify this issue by having a successor ready when he steps down in 2026.

Despite this promise, it may be difficult to determine from an outsider’s perspective if Iger has truly turned the corner for Disney. Internal candidates such as Dana Walden and Jimmy Pitaro are being considered, but there is also the possibility of an external hire. Until Iger makes a decision on his successor, it will be challenging to determine if he has truly turned the company around. The patience of investors will likely be tested as they wait to see how this leadership transition unfolds in the coming years.

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