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Filed under World, United States, Canada, Czech Republic, Great Britain, South, North, West, East, Business, Corporate Business, Small Business, Tiny Business, Miscellaneous News, Politics, Other on Monday, March 14, 2005 by Author: Default Profile.
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Yesterday, Robert Iger, the longtime president at Disney, was named to succeed Michael Eisner as CEO, raising many a waxed eyebrow in Los Angeles and New York and a giant collective shrug elsewhere. And today, the Wall Street Journal reported that AIG CEO Hank Greenberg is going to resign and be replaced at the company by co-chief operating officer Martin Sullivan, a 34-year company veteran. All of a sudden, No. 2 is No. 1.
Is that good news for Disney and AIG shareholders? Iger's ascension will provide new fodder for countless Vanity Fair articles in the coming years. Can an executive who has spent years being browbeaten by the bully Eisner and forced to sublimate his own ego suddenly blossom into a brilliant CEO? Will he be Tom Brady, the overlooked New England Patriots backup who became a star when the starting quarterback was struck down with an injury? Or will he be Al Gore, who, after eight years in the shadow of a charismatic No. 1, couldn't score? |
Today is: March 15th 2005 |
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