Investors Applaud Disney’s Change in CEO Leadership

The Nitya world Photo Credit : Getty Images

After leading the entertainment behemoth Disney through 15 years of consecutive growth and profit, Robert Iger told

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Now, in a move that has the entertainment industry in a state of disbelief, Mr. Iger is back in the top job

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On Sunday night, Disney ousted Bob Chapek from his position as Chief Executive Officer. Chapek had been chosen by Iger to succeed him.

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Iger, who is 71 years old and will take over as CEO of Disney after signing a deal for two years.

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Jobs one and two for Mr. Iger are to turn around the company’s financial situation and train a successor.

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this means that the competition to identify a new leader, similar to “Game of Thrones,” can start as soon as possible

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It is unclear where Iger would go for the company’s next CEO, which adds to the

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mystery surrounding his intentions for Hulu, a streaming service in which Disney owns the majority share.

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An activist investor by the name of Dan Loeb had been putting pressure on Disney to integrate Hulu with Disney+, the latter being Disney’s own streaming service.

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