Iger's contract as Disney's Chairman and CEO was originally planned to run until June 30, 2018,[16][17] but Disney announced in March 2017 that it was extending Iger's term to July 2, 2019 and said he would serve as a consultant for the following three years. Without a doubt, it will be an expensive process to groom another successor to Bob Iger especially if Disney decides to look outside as many are expecting. Thomas O. Staggs was born in 1961 in Illinois, United States. 2 Post, Positioning Him as Iger's Successor", "At Disney, Staggs' elevation puts him as front-runner to succeed Iger as CEO", "Will Tom Staggs be the next CEO of Disney? 2 executive at the entertainment giant was expected to take over the chief executive officer position once the current chief, Bob Iger, steps down in 2018. However, I expect this to be temporary. The timing is interesting. Disney stunned us all by announcing that its chief operating officer and heir apparent, Tom Staggs, will be leaving next month. Thomas O. Staggs: Age, Nationality Education.
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[4] As CFO, Staggs was instrumental in purchasing Pixar for $7.4 billion in 2006 as well as acquiring Marvel Entertainment for $4 billion in 2009.
Sure, Disney is now multimedia, is the plenty techie and social media focused, but are they really ready for Sandberg? Book your complimentary consult here online. And now with his heir apparent imminent departure, it means that Disney will have to go back to square one in their search for another worthy successor.
His nationality is American. Thomas O. Staggs: Age, Nationality Education, Thomas O. Staggs: Professional Life, Career, View more / View fewer Facts of Thomas O. Staggs. Winnie Sun is a registered representative with, and securities offered through LPL Financial, member FINRA/SIPC.
Who’s an alternate for Staggs? He began his career as an investment banker for Morgan Stanley & Co. before joining Disney in 1990. So, are you leaning in? How Staggs' Imminent Departure Impacts Disney, Stock Holders And Millennials. [8][9][10], On April 4, 2016, Disney announced that Staggs and the company had agreed to mutually part ways. On May 6, 2016, he stepped down as a COO, effective. Likewise, Stagg was awarded $4.6 million in stock awards, $3.4 million in option awards, $8.6 million in other, non-equity-based bonuses and $49,490 in all other compensation. Will it prove to be a major blow to the company’s long-term leadership plans? The company made $8.4 billion in profits in 2015 alone. Walt Disney And, they have a business and services that people all over the world, in multiple markets and industries that people love. How similar is Facebook to Disney and will it be enough time to get her (or any other candidate) up to speed? He has not disclosed his parent’s and siblings’ names. Now rumors are swirling around Sheryl Sandberg, Facebook's COO, to fill the role. Winnie Sun is an award-winning financial advisor and Managing Director of Sun Group Wealth Partners, a trusted financial consulting firm on the West Coast. [3] Staggs became executive vice president and chief financial officer in 1998, and became Senior Executive Vice President and CFO in January 2000. Leadership. He is about 58 years old. This historical project is one in which Staggs played a significant role in bringing to fruition as Disney’s theme park chairman. I don’t think this is the case for Disney. 2 executive", "Disney Promotes Tom Staggs to No.
", https://en.wikipedia.org/w/index.php?title=Thomas_O._Staggs&oldid=983637040, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 October 2020, at 10:55. The $18.6 million compensation package made by Staggs made him one of the highest-paid employees. Thomas O. Staggs is married and his wife’s name is Melanie Ramber. Joining Disney in 1990, Staggs rose from his role as a manager of strategic planning to senior vice president of strategic planning and development in 1995.
In a study conducted recently, Walt Disney came in second as one of the dream employers/companies for Millennials job applicants. Following the announcement that the company COO was stepping down last Monday, the stock fell about 2 percent.
They feel like they understand the business model, and in turn, they have a positive outlook on its long-term future. Her weekly business #WinnieSun tweetchat earns an average of 150 million impressions per week. I don’t think so. [18][19], Staggs was born in Illinois. (Photographer: Patrick T.... [+] Fallon/Bloomberg). Staggs remained with the company as a "Special Advisor to the CEO", Bob Iger, through the end of the fiscal year. * Investment advice offered through Sun Group Wealth Partners, a registered investment advisor, and a separate entity from LPL Financial. Joining Disney in 1990, Staggs rose from his role as a manager of strategic planning to senior vice president of strategic planning and development in 1995. It comes at a time when Disney is looking to expand its global operations with a key focus being on the $5.5 billion Shanghai Disney Resort set to be unveiled this coming summer. It caught the attention of many people.
Although I highly doubt this is a problem Disney will withstand long-term. In that instance, Disney was forced to clarify that Staggs' promotion from his role as theme park chairman to the chief operating officer position in 2015 was not a coronation as it was widely suggested by the media. For me, I’m looking forward to seeing who they name next. His nationality is American. * Third party posts found on this profile do not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
Like any other company, leadership challenges often put off potential investors and stock buyers which tend to limit its resources and subsequently reduce its overall competitiveness.
1 pages. Thomas O. Staggs is the former Chief Operating Officer (COO) of The Walt Disney Company.