Disney’s Iger Reveals He Doesn’t Want to Stay on as CEO Much Longer

Disney Executive Chairman Bob Iger attends the Exclusive 100-Minute Sneak Peek of Peter Jackson's "The Beatles: Get Back" at El Capitan Theatre in Hollywood, Calif., on Nov. 18, 2021. Charley Gallay/Getty Images for Disney

Disney CEO Bob Iger said he doesn’t want to stay on as the company’s chief executive any longer than two years, with his remarks coming as the company announced it would cut $5.5 billion in costs and slash 7,000 jobs.

Iger told CNBC’s “Squawk on the Street“ on Thursday that he plans to to stay for the duration of his contract but no longer.