Why Disney CEO Bob Iger Stepping Down Is A HUGE Story
The era of Bob Iger's Disney has come to a sudden end, and with it. Here's why it matters.
Do you feel that? The ground rumbling beneath your feet? What you're feeling is a seismic shockwave, the result of the seemingly out-of-the-blue news that Bob Iger, the CEO of Disney, has stepped down.
Apparently, his contract originally expired in 2018, but was extended by a year because the company couldn't find a suitable replacement. It was extended once more -- running through 2021-- but it seems as though Iger has decided to step down a bit early.
Iger's tenure at the Walt Disney Company has been long and storied. He has served as the CEO since 2005, a position to which he ascended following the departure of Michael Eisner. Five years earlier, he became the company's COO, and before that, he acted as the President of ABC from 1994 to 1999.
Iger -- quite possibly the most powerful person in the entertainment industry -- positioned Disney as the most dominant box office player in Hollywood, and arguably the single greatest entertainment titan of the 21st century.
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