Quoted from gdonovan:
1) What part of "abrupt" did you miss in the headline? Top guys like Iger don't abruptly leave without lots of notice so not to upset the stock prices.
Headlines are designed to grab attention. Those following the company know far more than what the headline tries to scream.
He was set to expire in 2018, but they extended him in 2017 to 2019. Then in 2019 they extended him another 3 years to 2021. The topic of 'when will Iger leave' has been a topic for this entire decade. The last major fallouts were when he shuffled Rasulo and Staggs in a move to groom Staggs and then they told Staggs he wasn't going to get it. This was in 2016 and everyone had been expecting Iger to step down with his contract up in 2018. That's when the real panic was happening... as there seemed to be no plan and they had just gotten rid of the top two internal candidates with no other real work in the pipeline.
A recap from the time - https://www.nytimes.com/2016/04/08/business/media/behind-the-scenes-at-disney-as-it-purged-a-favorite-son.html
Then Iger was extended and it started the 'staying on to see Shanghai through', etc.. and then it was so bullish, that everyone was begging Iger to stay on longer.. and we got the 2019 extension. But even after that, Iger had said multiple times he was planning to step down after that deal. But the stock had been so bullish, he was looked at as the key to keeping the run going.
No, she was already in charge at Lucasfilm BEFORE the sale of the company (She was Co-Chairman.. with Lucas) and her staying on was one of the contingencies of the deal. Lucas looked to her to maintain the identity he had established. The deal was she would takeover leadership of Lucasfilm as Lucas walked away. She was put there BY LUCAS in the deal... not picked out by Iger. She was Lucas' pick to be his guardian of his child.
Obviously Iger had a say in the matter, but Kennedy wasn't Bob's work... that was Lucas'.
"...the perfect person to take-over the company was Kathy.."
“I racked my brain to figure out who do I trust … who understands the business side of it but also understands the creative side of it. And finally I banged into it and said, ‘Oh, my God, it’s Kathy.’ ”
Quoted from gdonovan:
Iger has made several statements of support for her including telling board members in a meeting that Star Wars was not changing course under her direction. If there is any truth to it then Kennedy will be stepping down in the next few weeks.
Time will tell.
You think he would slam her while she was still in position? Of course he's going to back her publicly. The irony is it was Chapek who was thought to be on the hotseat in the last 6months due to the botched openings of StarWars in the theme parks... and here they instead gave him the keys to the kingdom.
Star Wars drama is off the table for TWDC investors right now... it's all about the digital transition away from the ESPN cashcow and trying to maintain the blockbuster pace the tentpole films and grow in the park's division numbers. Drama about The Last Jedi, Rise of Skywalker, etc is in the past. The FUTURE of starwars is a question... but not causing fear in the investors. They are all giddy about the other talent Disney has waiting in the wings for star wars... Jon Favreau and Dave Filoni