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In a newsmaking interview with CNBC on Thursday morning, Walt Disney Co. CEO Bob Iger says the WGA strike and the imminent SAG-AFTRA strike is “very disturbing,” and will have a “very, very damaging effect on the whole business.” “This is the worst time in the world to add to that disruption,” Iger said, adding…
The Walt Disney Co. is taking the fight to Florida Gov. Ron DeSantis (R) in an escalating feud between one of Florida’s largest employers and the likely 2024 presidential contender. Disney CEO Bob Iger said Monday that DeSantis’s decision to punish the company for speaking out against what critics call Florida’s “Don’t Say Gay” law…
Florida Gov. Ron DeSantis is calling for an investigation into an agreement that transferred the powers of Disney’s now-dissolved special district back to the company before the state assumed control of the board. In a letter to state chief inspector general Melinda Miguel, DeSantis says that the deal suffers “serious legal infirmities” and questions whether…
Nelson Peltz Targets Disney Director Michael Froman in Proxy Battle Disney’s activist investor has found his target. Nelson Peltz, the Trian Management founder who is leading a proxy fight against the entertainment company, is targeting Disney board member Michael B.G. Froman in the battle. On Thursday, Peltz’s firm released a proxy form and began messaging…
Bob Chapek’s Disney Severance Deal Valued at More Than $20M, 2022 Pay Package Was $24.2M In what turned out to be his final full year as CEO of The Walt Disney Co., former CEO Bob Chapek earned $24.2 million in total compensation during the company’s fiscal 2022 year (ending Sept. 30), down slightly from 2021,…
“Boardroom activism will cause tremendous grief for Disney’s Bob Iger” Investor appetite for woke corporatism has its limits and it usually begins with a declining share price. For further proof, look at what’s going down at Disney. For years the “House of Mouse” was the epicenter of political correctness. Investors largely ignored this circus (including…
“Disney CEO Bob Iger orders employees back to office 4 days per week” Disney CEO Bob Iger is cracking down on remote work as he attempts to lead a turnaround effort at the struggling entertainment giant. Iger, who returned as Disney’s CEO in late November, told hybrid corporate employees they will be required to work…
“Jeff Bezos could ‘pull a Bob Iger’ and return as Amazon CEO: analyst” Amazon founder Jeff Bezos could “pull a Bob Iger” and return to rescue his embattled e-commerce giant in 2023 as it contends with sagging revenue and sweeping layoffs, according to a prominent Wall Street analyst Amazon is in the midst of a…
Jennifer Hudson, Don Lemon, Oprah and More Remember Barbara Walters: “She Was Indeed a Trailblazer” Oprah, Bob Iger, Alyssa Milano and Lynda Carter were among friends, journalists and Hollywood figures remembering Barbara Walters, who died Friday evening at the age of 93. The legendary broadcast journalist was the first female co-host of the Today show,…
“Families go into debt to finance trip to Disney World: study” Soaring prices at Disney theme parks haven’t prevented families from booking a trip. They simply charge it to their credit card. A recent study by the website LendingTree.com found that 18% of those who visited the parks in either Florida or California borrowed money…