Bob Iger’s performance as CEO of Disney has been nothing short of astounding. The stock has returned 300% since he took the helm in 2005, but many, including Ryan Jones in an article on SeekingAlpha, wonder if the company is a one-man show, and if anyone can fill Iger’s shoes?
A great CEO can be a liability in a sense, if investors aren’t given the assurance that the company can survive a departure of the CEO. No wonder investors breathed a sigh of relief that Iger’s contract was extended until 2018. In Iger’s tenure, Disney has created several billion dollar franchises. Eight of its films grossed $1 billion and are ripe for sequels. This is not including acquisitions such as Muppets Studio and Lucasfilms.
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What would happen to Disney if Iger should leave? There are two impressive executives, James A. Rasulo CFO and Thomas O. Staggs, but these positions aren’t related to succession.
However, those who hold the stock don’t need to worry for another few years. At least until 2018, Iger will be watching the shop.
