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Disney Stock Soars As Bob Iger Returns As Group CEO, Bob Chapek Ousted

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The Street

By Martin Baccardax “Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead through this pivotal period,” the company said. Disney (DIS) – Get Free Report shares soared higher Monday following the shock departure of CEO Bob Chapek and the return of former boss Bob Iger to lead the media and entertainment group amid its worst annual stock price decline in five decades. Iger, 71, served as Disney CEO between 2005 and 2020 and agreed late Sunday to lead the group for another two years as it searches for a permanent replacement for Chapek…

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