Disney's Surprise, Under Armour's Split
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 8 April 2016
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money |
| 0:20.3 | radio show. I'm Chris Ellin joining me in studio this week for Million Dollar Portfolio |
| 0:23.9 | Jason Moser from MDP and Supernova Simon Erickson and from Motley Fool Hidden Jam's chief |
| 0:29.2 | investment officer Andy Cross. Good to see you as always gentlemen. |
| 0:32.6 | Ad |
| 0:48.1 | Tom Stags has worked for the Walt Disney company for more than 25 years and was widely seen |
| 0:53.9 | as the heir apparent to become CEO when Bob Eiger steps down in two years. But that is now |
| 1:00.4 | over. According to the New York Times, Eiger met with Tom Stags in mid-March and told |
| 1:05.5 | him that the board of directors would be widening the search for the next CEO and Stags Simon |
| 1:11.5 | decided to leave the company in early May. |
| 1:15.3 | So now Disney's got to find not just someone to be the next CEO in a couple of years. They |
| 1:20.4 | got to find a chief operating officer. |
| 1:22.0 | And how do you replace Bob Eiger, right Chris? I mean, this is a guy that's a ledger. Helled |
| 1:25.9 | to the chief, great chief executive officer for Disney for the last decade. |
| 1:30.2 | Share price is almost quadrupled under his tenure and he's always been kind of thought of |
| 1:34.6 | as the media juggernaut that is Disney, the acquisitions of Lucasfilm and Marvel and |
| 1:40.1 | companies like this. But I think the transition, when and if this ever happens, is going to |
| 1:45.4 | have to be from, hey, we've got a great media empire. We made some great acquisitions |
| 1:48.8 | out there. I think the next phase for Disney is going to be digital distribution out there. |
| 1:54.4 | You've got Netflix and Amazon that are broadcasting pretty good content over the internet now. |
| 2:00.6 | And I think that Disney's got, they have that content. And I think that they're a step |
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