Illustration by Elham Ataeiazar
After postponing his retirement four times, Bob Iger finally announced on Feb. 25, 2020, that he would step down as Disney’s CEO. His chosen successor, Bob Chapek, who was then Disney’s parks chairman, would immediately take over the day-to-day responsibilities of running the company.
As part of this transition, the Disney board recommended that the new CEO should occupy Iger’s spacious office at Disney headquarters in Burbank, California.
However, there was a problem. Iger had no intention of vacating the office. In fact, he wasn’t truly leaving Disney at all. His succession plan allowed him to remain as executive chairman for 22 months. Chapek would report to him and the board, while Iger would continue to oversee the company’s creative endeavors, implying that he would retain control over movie and TV content and operations.
One practical reason for Iger’s reluctance to move out of his office was the presence of a private shower, which had been installed for former CEO Michael…
2023-09-06 09:27:00
Post from www.cnbc.com
rnrn