Springing a big surprise on Wall Street, Walt Disney (DIS) shares were pushing higher in Monday’s trading session after the company announced that ex-boss Bob Iger is back in the CEO seat. Less than a year since he retired - Iger served as chairman until last December, after handing over the CEO reins to Bob Chapek in February 2020 – he has returned to take Chapek’s place and steady the ship following a difficult period in which the share price has taken the plunge and Disney+ keeps racking up the losses.
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