Array
Saving Walt Disney Co this time will require Bob Iger to show off a different side to his character.
The legendary chief executive who transformed Disney into the most powerful entertainment company on the planet will need to show how quickly he can cut costs and restore profitability, analysts say.
Disney shocked investors late on Sunday evening by announcing the ouster of CEO Bob Chapek and appointing Iger, 71, to a two-year contract to return the company to growth.
The move evoked other return engagements such as Steve Jobs’ return to Apple and Howard Schultz’s return to Starbucks in times of crisis.
“The bold move (Iger’s return) might feel like the right one. However, the business is at a different phase of growth,” PP Foresight analyst Paolo Pescatore said, adding that short-term measures might include restriction of some operations.
