Iger Says Covid Made Transition to Chairman More Challenging

The speaker discusses their transition from CEO to executive chair at Disney at the end of 2019, focusing on enhancing the company's creative process. The onset of COVID-19 required additional support for the new CEO, who faced unprecedented challenges. Despite the pandemic, the speaker remained confident in the CEO's abilities and provided guidance, although remote support posed challenges.

What was the primary focus of the speaker after stepping down as CEO?

• Expanding global markets

• Improving financial strategies

• Enhancing the creative process

• Reducing operational costs

What did the speaker believe was the most valuable product of the company?

• Financial assets

• Creative content

• Technological innovations

• Market share

How did the speaker aim to support the new CEO during the pandemic?

• By increasing marketing efforts

• By providing financial resources

• By offering guidance through the crisis

• By restructuring the company

What was one of the hardest aspects of passing the leadership baton according to the speaker?

• Expanding the company's product line

• Reducing company expenses

• Being physically present as an advisor

• Finding a suitable successor

What unexpected challenge did the speaker face during the leadership transition?

• A sudden drop in stock prices

• The COVID-19 pandemic

• A major technological failure

• A hostile takeover attempt