Iger Return to Disney Surprises Hollywood, Draws Quick Reactions

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The Street

By Jeffrey Quiggle Disney casts former CEO in his own sequel, replacing the man he’d picked to succeed him at the helm of the entertainment giant In a surprise move on Sunday, Nov. 20, the Walt Disney Company (DIS) – Get Free Report announced that CEO Bob Chapek was stepping down. But the real shocker was who it replaced him with. It is Robert Iger, who had previously served as Disney CEO for 15 years, who got the call for a return stint at the helm. Reaction to the news was generally positive. Disney stock ended up 6.3% Nov. 21 and observers are weighing in with their opinions. After taking t…

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