'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend
Source: Reuters
NEW YORK, Nov 22 (Reuters) - Can Walt Disney Co (DIS.N) bank on another hit sequel?That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. The decision was largely cheered by Wall Street, with Disney's stock gaining more than 6% on Monday to cut its loss to 37% for the year to date.The move is effective immediately.During his first…
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