Walt Disney CEO Robert Iger steps down from Apple's board of directors as the two companies prepare to launch competing video streaming services
Walt Disney Co. CEO Robert Iger has stepped down from Apple's board of directors as the two companies prepare to launch competing video streaming services aimed at market leader Netflix.Apple disclosed Iger's departure in a regulatory filing Friday, but his resignation became effective Tuesday. That's the same day that Apple announced its long-awaited video streaming service will debut Nov.
"Apple is one of the world's most admired companies, known for the quality and integrity of its products and its people, and I am forever grateful to have served as a member of the company's board," he said in a statement.Iger, 68, became intertwined with Apple in 2006 when he negotiated a $7.4 billion deal to buy computer animation studio Pixar, a company run by Steve Jobs.
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