Great move for the company imo!!
So who does take his place? There are no good options.
I VOLUNTEER AS TRIBUTE
I'll be more than happy to take Iger's chair. I'd be the first 18 year old executive of the Walt Disney company.Unless Iger is never leaving, I don't see where Disney has a good choice moving forward
:violin:
I feel bad for TWDC a bit, as hopefully it can get better soon..
Here's the thing, it's almost certain that it can't get any better, at least financially, and that's the problem. SW8 almost certainly won't make as much as 7 did. Marvel, while consistently good to great, has almost certainly peaked financially. The parks have record profits and still need to cut to the bone. There's no property like Star Wars/Marvel that's available for purchase
I'm not saying Disney is in any trouble of going out of business or anything crazy like that, but they've certainly reached a point where it's hard to see them do anything but stumble in the eyes of Wall Street.
FWIW, I think this is a clear sign that Iger isn't leaving Disney soon.
Staggs probably resigned because it was clear that he wasn't going to be getting the CEO slot. That means, somebody else is going to get it (one of the execs over on the film side?) or Iger is staying put for a while longer.
Probably not. He was obviously forced out. No confidence vote from the BOD. They'll pay him the bulk, if not all, of his remaining contract. The big corporations do this all the time. That's generally figured in the cost of replacing forced out management.Wow. I actually kinda liked Staggs enough to not hate him if he became CEO.
With all of this Shanghai nonsense and cost-cutting going around, he could've been made to leave to save a huge chunk of salary.