Kyle Risdahl

Chapter two, financial insecurity.

Chapter three, hey, let's run away and join a band, huh?

From American Public Media, this is Market Plans.

In Los Angeles, I'm Kyle Risdell.

It is Tuesday today.

This one is the 3rd of February.

Good as always.

Have you along, everybody.

This is a day ripe in news of the corporate variety.

And you will be forgiven if you're thinking you've heard our lead story before.

Disney CEO Bob Iger has decided he's going to step down.

Again.

Yes, this would indeed be Iger's second retirement in the past six-ish years.

He came back from the first one in 2022, but, you know, bygones.

Josh DeMauro is the new guy.

Been with the company 28 years, most recently running the company's theme parks, whence, as we mentioned yesterday, most of Disney's profits come.

Point is, though, House of Mouse is in a long line of companies, nonprofits, even big league sports franchises that have stumbled when leadership tries to pass the baton.

Marketplace's Stephanie Hughes gets us going with why succession is so hard.

Disney shares down just a hair today, about two-tenths percent.

More broadly, big tech took a bit of a whacking.