More importantly, does Disney need saving?
In a surprise move this week, CEO Bob Chapek was voted out by the board at Disney and veteran CEO, Bob Iger, was reinstated. Disney’s price popped 8% on the news and not surprisingly.
The move even made me happy. Iger is a legendary CEO. He was at the helm of Disney through the acquisitions of Pixar, Marvel and LucasFilms. To many he’s the hero that revived and transformed the House of Mouse to the massive empire it is today.