SUCCESSION MESS

Summary from the TLDR newsletter

This article tells the inside story of the transition between CEOs for Disney over the last few years. Bob Iger announced that he would step down as Disney's CEO in February 2020, picking Bob Chapek as his successor. Iger's plan would have him stay at the company as an executive chairman for 22 months. Chapek was fired in November 2022 and Iger became CEO again, with an extended contract through to 2026. Chapek says that his tenure at Disney was 'three years of hell'.