Originally published 11/22/2022
Disney shares jump 10% - $12 billion on news that Bob Iger, 71, is back at the helm
Proving that age is only a number, Wall Street cheered Mr. Iger’s return. Disney gained $12 billion in value overnight, as shares jumped 10 percent on Monday morning. Disney executives, while shocked by the turn of events, were mostly thrilled to see him. (“Daddy’s back!” one male senior executive at the company texted on Sunday.) The Hollywood Reporter, a trade news publication, ran the headline “Bob Iger Returns as Hero in Waiting to Save a Battered Disney.”
