Sunday, October 16, 2011

News: Bob Iger to Step Down in 2015?

In a move that may stun fans of the Walt Disney Company, Bob Iger, Disney CEO has decided to step down as of March 2015. Yes, that's right 2015. Why the announcement now in Ocotber of 2011 then. Well there maybe a few reasons for this:

1. The death of Steve Jobs- Iger and Jobs had been close friends and confidants since Disney purchased Pixar in 2006. Jobs' death may have caused Iger to look at his life after Disney. That seems normal when someone loses a close friend.

2. He would like to leave Disney on "good" terms, or on his own terms- Unlike his predecessor Michael Eisner, it seems Bob Iger wants to end his Disney career on a high note. Again this seems noble considering how he came in. Iger has always taken the high road, and done what is best for the company, this might be his way of stepping away before any dissension ever arises.

3. He wants Disney to succeed- He has two lieutenants in Tom Staggs, from the Parks division, and Jay Rasulo, the CFO. It seems he wants to create a succession using one of these two men. 

Bob Igers' tenure at Disney has been nothing short of phenomenal. From his patching of the relationship and eventual purchase of Pixar, to the purchase and addition of Marvel it seems the Disney Company is on the right track on his watch. Though it will be sad when he leaves in three years, he seems to have the company moving in the right direction. Considering he has been at the reigns for six years without any issue is a testament considering the state of the company when he arrived on the job, he has done some fine work. Lets hope the future remains bright.

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