Thursday, April 7, 2016

Bob Wright, A Former NBC Chairman, Doesn't Get The Staggs Demotion Either

Bob Wright, a very astute observer of the media business, is as perplexed as the rest of the world about Tom Staggs departure as Disney COO. However, he points to conflict at the Board level (as we also do) as the source which scuttled Staggs succession.

In our view, we think that the turmoil over succession and conflicting ideas about the company's future direction will lead to

  1. a further extension of Iger's mandate
  2. further strategic acquisitions--principally content based, like Netflix, 
  3. ultimately the sale of Disney to a well capitalized social media company.

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