Disney’s Surprise Move Is All the Buzz in Hollywood
- Executives convene with analysts in New York on Thursday
- Bob Chapek’s abrupt ascension shocked employees and investors
Visitors watch a performance at the Cinderella Castle at the Walt Disney Co. Magic Kingdom park in Orlando, Florida, U.S..
Photographer: David Ryder/BloombergThis article is for subscribers only.
Retirement was a favorite topic for Bob Iger. He talked about it often, and for years, setting no fewer than five dates when he would give up the job of presiding over the world’s largest entertainment company.
But when the word finally came that he was actually stepping down from the helm of Walt Disney Co., it was a shock.