Disney shares dip as Iger succession plan is thrown into question

April 5, 2016 5:39 PM

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Walt Disney Co. shares took a hit on Wall Street after the company's succession plan for Chief Executive Robert Iger was thrown into question.

The stock fell $2.37, or more than 2%, to $96.31 in midday trading on Tuesday, the day after the Burbank entertainment giant said its chief operating officer and Iger's heir apparent, Thomas Staggs, is leaving the company.

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