Disney's (DIS) Board Created a Succession Crisis - Needham & Company

Needham & Company analyst, Laura Martin, thinks that Disney's (NYSE: DIS) board has created a succession crisis. For the past 6 years, DIS has been grooming Tom Staggs as the next CEO of Disney. As his star rose, DIS lost other talented senior executives like Anne Sweeney and Jay Rasulo. Now that Staggs is leaving too, she sees no obvious succession plan at the largest media company on earth. Maintain Hold rating.

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Shares of Walt Disney closed at $98.68 yesterday.

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