Disney Parks chief Josh D’Amaro will take over for Bob Iger
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Bob Iger’s second time as CEO wasn’t great for the stock. He still leaves behind a strong legacy.
Disney stock gained 14% during Iger’s second term, underperforming the S&P 500’s 76% rise.
Nelson Peltz has once again taken aim at his longtime nemesis Bob Iger — accusing Disney’s outgoing chief executive of manipulating the company’s succession to retain power by setting his replacement up to fail.
Post-earnings price targets range from $123-$140 with several analysts seeing headwinds at both the parks and studios unit despite solid fundamentals.
Bob Iger will step down as Disney's CEO, with Josh D’Amaro succeeding him on March 18. Iger, who has led key changes at Disney, has a net worth of $690 million.
Disney CEO Bob Iger spoke at length on the future of parks and entertainment as they vie for top billing at the company in terms of growth, telling investors on a call after earnings that, “we have a healthy competition now in our company in terms of which of those two businesses is going to