Disney Chairman sells nearly $100 mn in shares, cuts stake in firm by half

Walt Disney Chairman Bob Iger has disposed of company shares worth $98.7 million, cutting the shares he owned directly by 50%. The 70-year-old sold 550,570 shares at an average price of $179.2 on June 1, regulatory filing showed. Iger, who handed over the role of CEO to Bob Chapek in 2020, is set to retire as Chairman later this year.