Disney May Finally Get Its Happily Ever After Iger: Beth Kowitt

Last year, James Gorman told the In Good Company podcast that now that he had stepped down as CEO of Morgan Stanley, he wanted a board role that was more than an easy paycheck. “I want something that is complicated. I like solving problems,” he said.

Gorman got his wish. In February, he joined the board of Walt Disney Co., which on Monday announced he will take over as chairman early next year. In the job, Gorman will be tasked with solving the company’s most intractable and highly scrutinized problem: who will replace longtime CEO Bob Iger.

The selection of Gorman shows ...