NEWS OF THE WEEK: Bob Iger is named CEO of Disney, sending shockwaves through the industry

Iger's return to Disney's leadership role was announced on Nov. 21. Bob Chapek, whom Iger replaces, will reportedly step down immediately. "We thank Bob Chapek for his service to Disney over his long career..." Susan Arnold, Chairman of the Board for Disney, via CNN. "...including navigating the company through the unprecedented challenges of the pandemic." Susan Arnold, Chairman of the Board for Disney, via CNN. "The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation..."