Sunday, October 09, 2011

The big news from last week was the announcement that Bob Iger will step down as Disney CEO in 2015. An interesting Wall Street Journal news article looks at the possible successor to run Disney after Iger. It listed to internal candidates: Tom Stagg and Jay Rasulo.

The move sets up a contest to succeed Mr. Iger, known for his smooth, diplomatic demeanor. A lead contender is Thomas Staggs, who runs the company's theme-park division. Gregarious, and with a dry sense of humor, Mr. Staggs has been in his current role since 2009, after several years as Disney's chief financial officer.

Mr. Staggs swapped jobs with Jay Rasulo, now tipped as another potential successor to Mr. Iger. The job swap was intended to broaden both executives' experience and to vet them for strengths and weaknesses.
In any case, I consider Bob Iger's tenure as Disney CEO as being highly successful, and in many ways, he has strengthened the Disney brand without sacrificing the vision the Walt had for the company. I think for any Disney CEO, that would be best evaluation and compliment that one could have.

Still, I feel a bit of an apprehension on what the new CEO will do, and his/her vision for the company. I'm just hoping that it isn't someone who only cares about the bottom line without understanding that this company has tons of loyal followers that they simply cannot afford to alienate.

Zz.

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