Happy Wednesday, and welcome back to Dry Powder. Disney C.E.O. Bob Iger has notched three impressive wins in his six months back in the saddle: gracefully disarming activist investor Nelson Peltz, outfoxing Ron DeSantis, and cleverly restructuring the company. But his two biggest challenges remain: resuscitating Disney’s essentially lifeless stock price and, most important, choosing a worthy successor (again). Herewith, a few candidates and predictions for the Succession Planning Committee.
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Happy Wednesday, and welcome back to Dry Powder.
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Disney C.E.O. Bob Iger has notched three impressive wins in his six months back in the saddle: gracefully disarming activist investor Nelson Peltz, outfoxing Ron DeSantis, and cleverly restructuring the company. But his two biggest challenges remain: resuscitating Disney’s essentially lifeless stock price and, most important, choosing a worthy successor (again). Herewith, a few candidates and predictions for the Succession Planning Committee.
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| The Iger Six-Month Itch |
| Despite his early successes, the ageless C.E.O. still has two vitally important tasks in front of him: cranking up Disney’s moribund stock price and finding a real successor, one that can outlast the 33-month tenure of Bob Chapek. He’s got some 18 months left. |
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| Hard to imagine, but it’s been six months since Bob Iger boomeranged back into the Disney corporate suite with the clearly articulated, multi-pronged goal of un-fucking up the Chapek messes (within the talent community, the Florida legislature, etcetera), rejuvenating the stock price, and finding his real successor, and all in a tidy two-year window. Iger’s successes in this short span have been impressive. He’s seen off a serious threat from an activist investor, restructured the company and outfoxed the governor of Florida. An impressive trifecta of early accomplishments... |
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| BARATUNDE THURSTON |
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