Disney’s Bob Iger achieves an essential feat for outgoing CEOs: giving his successor a clean slate

• In today’s CEO Daily: Diane Brady breaks down Disney’s CEO transition.
• The big story: Gen Z moves on from TikTok.
• The markets: How low will Bitcoin go?
• Plus: All the news and watercooler chat from Fortune.

Good morning. Every CEO has three basic tasks: Set the strategy and vision of their company, hire the leadership team to execute on that, and create the conditions to successfully replace themself.

That last part can be awfully hard to do.