The company announced Iger's return as chief executive Sunday, effective immediately.
Shares of Disney closed up 6.3% on Monday.earlier this month after the company reported wide misses on fourth-quarter earnings and revenue, driven partly by growing losses in its direct-to-consumer segment. He also criticized the former Disney head for not taking responsibility for his mistakes on the company's post-earnings conference call.
"Iger set lofty goals for profitability for Disney+. It's time to reset those goals to more realistic levels," he said, adding: "Iger needs to say that profitability is what really matters here, not subscriber growth."Jim Cramer's Guide to Investing
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