At Disney, Iger confronts succession problem he helped create

Bob Iger will once again be asked to identify his successor as chief executive -- one of his greatest failures in his first go-around as the company's leader, say people who have worked with him and experts.

A delay in passing the baton for one of the most coveted jobs in Hollywood, and the departure of talented executives whose ambitions were thwarted, may well have set the stage for the succession problem Iger is tasked with helping solve as he returns to the company for a two-year term.Part of his mandate, according to Disney, is to work with the board to develop a successor to lead the company.

Jeffrey Katzenberg, who as studio chief revived Disney’s moribund animation unit, left the company in 1994, after lobbying unsuccessfully to be named president, according to reporting in "Disney War," an account of chief executive Michael Eisner's two decades at the company. One of those executives was Tom Staggs, the company's former chief financial officer and parks chairman, who was named chief operating officer in 2015. A little over a year later, Staggs left the company after losing Iger's support, according to two people familiar with the matter.

Disney's board selected Chapek, whom Iger praised in the acknowledgements of his memoir for doing a "tremendous job" running the company's consumer products and theme park businesses, and playing an "invaluable" role in opening Shanghai Disneyland. Iger's return to Disney has already produced one high-level shake-up. Chapek's longtime deputy, Kareem Daniel, chairman of Disney Media and Entertainment Distribution, will leave the company amid a restructuring of the unit, Iger announced Monday.Kellogg School of Management strategy professor Craig Garthwaite said that although Disney clearly has a problem developing succession plans, its larger issue remains the all-in streaming video strategy Iger announced in 2017.

So Apple is buying Disney and Bob is there to ensure they pay top dollar

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