Disney stock rebounded by 10 percent on the day after Iger announced his return. Disney creatives, too, were overjoyed to have their greatest ally back. Less sanguine was Ike Perlmutter, who battled with Iger for control of the Disney board—after Perlmutter lost, Iger eliminated his fiefdom of Marvel Entertainment and removed Perlmutter from Disney’s org chart on March 29, 2023.
