Disney Stock Jumps 10 Percent After Bob Iger S Return As Ceo
The company’s shares climbed nearly 10 percent to an opening price of around $100 on the New York Stock Exchange. The positive stock performance comes after Disney announced Sunday that Iger would return to lead the company. Iger, 71, had handpicked Chapek, 62, to be his successor when he stepped down from his position at Disney in early 2020. Iger headed Disney for 15 years, leaving just before the coronavirus pandemic hit the company hard by causing the closure of its theme parks and forcing major films to be released on streaming service Disney+ rather than in theaters....