Why Did Bob Iger Step Down as CEO of Disney? | #21

Hey Disney fam!

We got some crazy BREAKING NEWS yesterday *after* I'd already recorded the day's podcast. Couldn't they have let me know!? ;)

But seriously, here's the scoop: Bob Iger, CEO of The Walt Disney Company, stepped down effective immediately. Bob Chapek stepped in to replace him. This is only February of 2020. And it's already wild.

Much to everyone's relief, Iger will not be retiring right away.

Iger will stay on as Executive Chairman of TWDC and lead the board as well as creative efforts at the company through 2021.

This will give Chapek time to learn the ropes of being CEO of Disney, as well as Iger some time to really focus on the "creative engines", as he called them during an interview on CNBC yesterday.

For more info, read the article here: http://bit.ly/BobIger2020.

*****Don't forget to subscribe and rate!*****

Have a magical day!