When Disney's Bob Iger announced last year that Thomas Staggs would eventually take the top job at the company, it looks like they had their succession plan nailed now. But this week, Staggs suddenly announced he would be stepping down, taking everyone by surprise. No one is quite sure what happened in the intervening year, but some suspect Disney's board didn't embrace Staggs in the way he would have wanted. Right now it's unclear who will take his place. Theories range from Facebook's Sheryl Sandberg stepping in to Bob Iger remaining in place longer. Disney likes to promote from within, but now they may be looking at an outsider to come in and run their company. Either way, Staggs' departure is a black eye for Disney, which works hard to avoid any kind of public scuffles.
FROM THIS EPISODE
More From Hollywood Breakdown
Can inclusion riders improve pay parity? This week we learned Prince Philip was paid more than the Queen herself, at least in the Netflix series 'The Crown.' Matt Smith, who portrays the Prince, came in with a high quote from his years as Dr. Who, while actress Claire Foy was a relative unknown at the time.
LATEST BLOG POSTS
Will Orange County go from Red to Blue? On a recent evening, about two dozen friends and neighbors gathered at a house party in Irvine. They had come to meet Katie Porter, a Democrat who’s running for Congress… Read More
To flip the House, Democrats eye Orange County The Democratic Party sees the 2018 midterms as the first national referendum on Donald Trump’s presidency and an opportunity to regain control of the House of Representatives. And California is… Read More