Walt Disney Co. announced a board restructuring, including a new executive chair and a delayed CEO succession, but investors remain skeptical about leadership changes.
New board chair James P. Gorman, lacking entertainment experience, will spearhead the succession planning as Iger's extended contract raises concerns about future strategy.
Disney's stock has declined 5% over the past two years, while the S&P 500 soared 56%, raising questions about Iger's effectiveness as CEO.
The streaming division, crucial for growth, faces significant losses, and Disney’s theme parks may experience slowing revenue, adding to the company's challenges.
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