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Exec search at Disney could mean longer stay for CEO Iger

Published Wed, Apr 6, 2016 · 09:50 PM
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Los Angeles

WALT Disney Co chief executive Bob Iger could be asked to postpone his retirement a third time to help smooth the transition to a new leader of the storied media company, analysts suggested after Monday's surprise resignation of chief operating officer Tom Staggs.

Disney shares fell 1.7 per cent to end at US$97 on Tuesday as investors digested news that the company was losing the person Wall Street considered the heir apparent to Mr Iger.

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