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One, three. From Wondry, I'm David Brown, and this is Business Wars Daily on this Monday, March 2nd.

Big news last Tuesday, Disney's CEO CEO Bob Eiger stepped down from his post

effective immediately. Yeah, it had been rumored for years that the longtime well-respected

executive would retire sometime. But the announcement suddenness reportedly surprised employees

and industry executives, according to CNN, especially since Iger's employment contract

isn't up until the end of 2021. It also shocked investors. The announcement on a random Tuesday,

one analyst said, was stunning. The share price sank on the news even more sharply than the rest

of the market, which was already in freefall because of coronavirus fears.

Iger's replacement, Bob Chappek, a 27-year Disney veteran who since 2015 has run Disney's

Parks and Resorts Division. He'll have gargantuan shoes to fill.

Bob Iger is known as a fearless risk taker, a guy who believes in the motto, Innovator, die.

...