With the unexpected return of Bob Iger last month for a new stint as Disney CEO, the entertainment giant’s veteran chief financial officer Christine McCarthy has emerged as a leading contende…
’s subsequent departure in 2020 thinned out the Disney upper ranks — before Chapek was tipped as CEO by Iger. Even with scant talent and creative credentials, that pruning leaves McCarthy in a strong position, one media banker noted recently. To varying degrees, the anointed Staggs and golden boy Mayer had both been considered successors to Iger and both left after being passed over and iced out.
“She really shined when the pandemic hit. She did exactly what the CFO should do. She lined up enough cash for one to two years of no revenue. She put together a huge bundle of cash at reasonable rates very quickly to protect the company,” said one., however, were shocking as the company spent and spent on streaming, with losses in the division ballooning to nearly $1.
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