Disney shares fall

Disney’s shares fell 1.7% and closed at 97.05 Dollars on the New York Stock Exchange. During this year, Disney shares have fallen about 6.1% so far. It seems like things are not getting better for the company, now that the supposed replacement for the current CEO has decided to quit. Supposedly, certain board members were not satisfy with leaving Mr. Tom Staggs in charge of Disney. Staggs, who is 55 years old was supposed to replace Robert Iger on June, 2018 when Mr. Iger’s contract expires. But Mr. Staggs decided to quit, because of the lack of support from the board members. Now Disney executives will have to find a replacement for Mr. Iger outside the company. Some possible candidates that may replace Mr. Iger are Sheryl Sandberg from Facebook or Steve Burke from Comcast Corp.