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Disney COO To Take CEO’s Place

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Disney CEO Michael Eisner is stepping down a year early and Robert Iger will be taking his place.

Iger is currently the company’s president and chief operating officer, and will become CEO October 1. Eisner will assist during the transition.

An article at ABC News says,

“Iger will face many challenges, however, including repairing some of the relationships damaged by Eisner, negotiating broadcast rights with the NFL, expanding Disney into China and India, protecting its content from piracy while embracing new technology, and warding off another shareholder challenge from disgruntled ex-directors Roy E. Disney and Stanley Gold.

Eisner, who said he would step down in 2006, will end his tenure at the company after serving 21 years. Iger will become only the sixth leader of Disney in its history.”

Disney shares went up 9 cents in morning trading.

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Disney COO To Take CEO’s Place
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