That kind of genius is never replaced -- but companies that lost an iconic leader must decide how to move on.
Walt Disney Productions, now known as The Walt Disney Co. (DIS, Fortune 500), actually left its founder's desk vacant for years following his 1966 death. The company stayed in the family, and the question, "What would Walt do?" permeated every strategic discussion. Afraid to do anything new, the Disney family unsuccessfully attempted to replicate Walt Disney's vision for two decades.
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