Squawk on the Street
Disney Stunner: Bob Iger Returns As CEO, Bob Chapek is Out 11/21/22
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Show notes
Jim Cramer and David Faber engaged in a wide-ranging discussion involving surprising news out of Disney:
Bob Iger has returned to the company as CEO, replacing his successor, Bob Chapek. Disney shares surged on news of the shakeup. The anchors explored the challenges Iger will face. David also highlighted flashbacks of his interviews with Iger and Chapek. Also in focus: The China COVID-19 lockdown effect on oil prices, playing big tech, FTX's $3.1 billion dilemma, the Elon Musk-Twitter drama and Jim's eye-opening comments about investing in enterprise software stocks.
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