From a business standpoint, the decision makes a lot of sense. An internal promotion implies that Disney will remain on the path that Bob Iger set it on, which prevents uncertainty, which is the thing that Wall Street hates above all. And certainly, decisions like this are made primarily from a stock value perspective. Having said that, if you’re a fan of Disney theme parks, there’s a lot of reason to be excited by the choice of Bob Chapek. The two major reasons, though they might appear to be conflicting, work very much in concert with each other. For the first time a former head of the Parks division is the CEO, and the new CEO is longer head of the Parks division.
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