April 20, 2024 5:03 am
Disney Investors Will Not Be Satisfied Until Bob Iger Names His Replacement

After a successful proxy battle against Nelson Peltz and Trian Partners fund, Disney CEO Bob Iger has convinced investors that he is turning the company around. Iger’s positive changes include company-wide cost-cutting, transforming streaming into a profitable business, and pursuing new ventures like sports streaming and partnerships with companies like Epic Games. As a result, Disney stock has gone up 35% this year.

Despite these accomplishments, one area where Iger has struggled is 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 challenging 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 remains uncertain how Disney will proceed.

In conclusion, while Iger’s efforts to revitalize Disney have been successful so far, the critical 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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