Kim Masters: Why Did Bob Iger’s Disney Announcement Feel So Rushed? [THR]

Kim Masters: Why Did Bob Iger’s Disney Announcement Feel So Rushed? [THR]

https://www.degonline.org/bob-iger-got-disney-into-the-streaming-wars-so-what-happens-once-hes-gone-the-verge/By Kim Masters

Disney’s Bobs – Iger (l.) and Chapek.

March 10, 2020 | Days after Bob Iger’s Feb. 25 resignation as CEO of Disney, the surprise move is still stuck in Hollywood’s craw like a piece of gristle. “I still can’t get my brain around the abruptness,” says a top executive. Having talked through the several theories floating around, he says, “None of it adds up to me.”

Veteran Wall Street analyst Hal Vogel agrees. “It was very unusual to come out with an announcement at 4 o’clock [Eastern] the day that Disney was being pounded in the market,” he says.

The stock price has dropped sharply since then, which may provide hints about the reason for the hurry.

Read more on The Hollywood Reporter.

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