Monday, April 04, 2016

Trouble With The Succession Thingie

Oh dear me.

Walt Disney Co. Chief Operating Officer Thomas Staggs will depart the Burbank company this year, throwing into question the company's succession plans.

Staggs had been seen as the favorite to replace Chairman and Chief Executive Robert Iger when his contract expires in 2018. His departure means that Disney will have to redouble its efforts to find a new leader.

Staggs, 55, was named chief operating officer early last year. The No. 2 job -- which was once held by Iger -- was seen as a way to groom Staggs for the top post. ...

That's a fine how-do-you-do. And now the stock price is down! ...

Sometimes replacing the reigning emperor can be a bitch (as Tom Sito will tell you). The Romans worked on it for several hundred years and never DID get it right.

I guess old Tom said the wrong thing during his Job Review. It's a shame to blow twenty-six years at the company when you're rounding the final turn, but there it is. Now he gets to spend more time with his family.


Site Meter