Summary
Key CEOs from major companies like Apple, Disney, and Walmart are planning to step down soon. These changes in leadership come as these companies face significant global and economic challenges. New leaders will take over during an uncertain time for the American economy.
Key Facts
- Apple CEO Tim Cook, Disney CEO Bob Iger, and Walmart CEO Doug McMillon are planning to step down.
- John Furner will replace Doug McMillon as Walmart's CEO early next year.
- Apple's board is speeding up the process to find Tim Cook's replacement.
- Bob Iger has been openly discussing leaving Disney again and will do so early next year.
- Apple, Disney, and Walmart are major global brands impacting millions around the world.
- Under current leadership, Apple's stock grew 20 times, Walmart's quadrupled, and Disney's increased significantly since Iger took over in 2005.
- The average time a CEO stays in their position at big companies is just over 7 years, and many have been leaving in recent years.
