Disney CEO to Step Down

Walt Disney Co. announced that Robert Iger will step down as the company's CEO in 2015, after 10 years in the post. Iger, 60, has given Disney plenty of notice of his planned retirement. He will hold the position of executive chairman until 2016 after stepping down as chief executive. Meanwhile, he will be named chairman of the board in 2012. The company said that it has not selected his successor, but Iger reportedly has been searching within the company for an heir.