Iger made a public announcement midweek without a transition plan. His contract ensured he could stay in his role for another year and a half (or else Disney faces stiff penalties, and has to pay off Iger bigly to leave). This was Iger's call, voluntary. The standard Disney corporate transition is his replacement gets bumped up to COO or something, does that for a year to learn the CEO job and get established, then the CEO resigns and the replacement gets bumped up to CEO.
Disney's stock went down because of this move. This hurts Disney. This hurts Iger's reputation that he's spent a life time building. The only comparison that I've heard made is when a CEO is diagnosed with a life-threatening illness, otherwise this kind of departure is unheard of.
Weinstein was convicted on a Monday. Iger sees that someone "untouchable" is not actually "untouchable" so he starts getting his affairs in order the next day. That's my interpretation of events, at least.
Pedogate has been going on since Corey Feldman opened his mouth in the 90s. Everyone knows where and who is doing what, yet everything gets swept under the carpet. Hollywood is a mere consumer of children, while government agencies and Democrats are responsible for the trafficking. Epstein was a calling card for all these people to stay in line and keep business as usual.
I showed my fiancé this a few months ago and now she laughs every time a big CEO “randomly” step down
Too much pizza all over the world. Hope Iger gets everything he deserves.
I would hope not. He has access to children, even now, as the chairman.
Something is up with this...
I thought he was getting canned for all the Star Wars bullshit.
Iger made a public announcement midweek without a transition plan. His contract ensured he could stay in his role for another year and a half (or else Disney faces stiff penalties, and has to pay off Iger bigly to leave). This was Iger's call, voluntary. The standard Disney corporate transition is his replacement gets bumped up to COO or something, does that for a year to learn the CEO job and get established, then the CEO resigns and the replacement gets bumped up to CEO.
Disney's stock went down because of this move. This hurts Disney. This hurts Iger's reputation that he's spent a life time building. The only comparison that I've heard made is when a CEO is diagnosed with a life-threatening illness, otherwise this kind of departure is unheard of.
Weinstein was convicted on a Monday. Iger sees that someone "untouchable" is not actually "untouchable" so he starts getting his affairs in order the next day. That's my interpretation of events, at least.
Pedogate has been going on since Corey Feldman opened his mouth in the 90s. Everyone knows where and who is doing what, yet everything gets swept under the carpet. Hollywood is a mere consumer of children, while government agencies and Democrats are responsible for the trafficking. Epstein was a calling card for all these people to stay in line and keep business as usual.
The CEO exodus has been happening long before the coronavirus.