The Latest Breaking News from Bob Chapek

The stock market is down slightly to start a shortened trading week. Disney long-time CEO Bob Iger returns to salvage Disney. Crypto exchange stock plunges.

LOS ANGELES — Walt Disney Co.'s returning chief executive, Bob Iger, wasted no time putting his stamp on the company, announcing plans for a major overhaul of the Burbank entertainment giant.

LOS ANGELES — In a blockbuster development, Walt Disney Co.'s longtime chief Robert Iger is returning to lead the Burbank-based entertainment giant.

Chief executive brought in Marvel, Star Wars and Fox – but he may now face job losses and cost cuts

Disney stock leapt premarket Monday after the Dow Jones giant announced Bob Iger is returning as CEO to replace current chief Bob Chapek

"Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead through this pivotal period,” the company said.

Chapek's tenure as CEO came with public missteps, poor earnings, and a fight over Florida's "Don't Say Gay" law.

Iger's return comes as the CEO he chose to replace him faces investors' wrath over streaming losses.

Move described as ‘probably the most significant piece of corporate upheaval since Steve Jobs went back to Apple’

In a shocking move, Disney's former CEO has returned to the Mouse House to reclaim the top job for two years.

Former Walt Disney Co Chief Executive Bob Iger is returning to the media company as CEO less than a year after he retired, a surprise appointment that comes as the entertainment company struggles to turn its streaming TV services into a profitable business. Iger, who retired last year after 15…