The Walt Disney Company is one of the largest, and most prestigious companies in all of media. As a result, being the CEO who leads the house that Walt built is a job that one can imagine a lot of people would love to have.

Disney won't be getting a new CEO for the holidays - maybe next year. On Monday, we got an update on the company's succession search in a press release announcing James Gorman as the chairman of Disney's board of directors (effective January 2,

Disney is clarifying its timeline for naming Bob Iger's successor, while also bringing in Morgan Stanley's ex-CEO as board chair.