Disney Extends Iger Term, Keeps Staggs-Rasulo Race Alive

Walt Disney Co.’s board found a way to keep Chairman and Chief Executive Officer Bob Iger in place until 2018 while maximizing the chances the internal candidates most likely to succeed him stick around.

Disney, based in Burbank, California, yesterday extended Iger’s contract by two years to June 2018. The move keeps in place a manager who has spearheaded high-profile acquisitions like Marvel, turned around the company’s historic animation business and tripled Disney’s stock price.