‘If you can dream it, you can do it’: Disney’s Bob Iger leads with grace
He worked for $150 a week, and has since became the boss of one of the world’s most recognisable brands
On any normal day at any one of Walt Disney’s theme parks around the world, you’d be hoping to see Mickey Mouse or hope to grab a selfie with Darth Vader.
But making his way through the crowd is a man who has more universal power.
Bob Iger is an American businessman and the famed CEO of The Walt Disney Company.
He may be a CEO at the top of his game, but his journey began far from Los Angeles, in the corporate world of ABC New York.
Bob Iger started his career in the entertainment industry as a weatherman in Ithaca, New York.
From there, he worked his way up the ladder and held various positions at ABC, including the head of programming.
Iger is a beloved leader of Disney, from employees all the way up to shareholders. His unique but inspiring leadership style has won praise across the board.
His career began at 3am, opening the front door for the lighting guys so they could perfect the studio sets before the actors arrived.
It was a foot in the door and what was needed to do to thrive.
But that optimism, courage and determination to work his way up, quickly paid off.
By 1995, he was the President of ABC Television, where he backed global hits like Twin Peaks and gained the respect of Hollywood, and Wall Street.
In 1996, Iger’s ABC was bought out by the Walt Disney Company. Then, in 1999 he was named the President of Walt Disney International, a job that had fundamental issues.
Luckily, the global entertainment giant was in good hands. As Bob Iger steered the company through some of its most turbulent times.
Etihad Airways in trouble over emissions reduction plans
Australia’s consumer watchdog is considering action
Etihad Airways is in hot water over allegations it lied about its emissions reduction plans.
Australia’s consumer watchdog is now considering action against the airline as the body crackdown on so-called greenwashing.
It follows two Etihad advertisements that appeared on digital advertising banners during a football match at Melbourne’s AAMI Park on 15 February last year.
The ad had the words “net zero emissions by 2050” next to its logo.
In another commercial, the airline claimed “Flying shouldn’t cost the Earth”.
Flight Free Australia claims the ads convey the misleading impression that flying with Etihad does not have a significant environmental impact and Etihad intends to achieve net zero by 2050.
But the group says middle eastern airline has no credible path to net zero emissions by this date and it is not “technologically, practically, or economically feasible” to reach this goal.
Sports billion-airs: athletes living the high life
From flat screen TVs, endless snacks and more champagne than anyone could imagine.
It’s not quite business class, these are the private jets that are taking off more than ever before.
And some of the world’s biggest athletes are among those living life in the fast lane.
For these professionals at the top of their game, it makes perfect sense.
Janet Yellen admits banking system is stabilising
The U.S. Treasury Secretary admits more may need to be done, if runs on other regional banks occur
U.S. Treasury Secretary Janet Yellen said that the country’s banking system is stabilising, but further steps may be needed to protect depositors if runs on other regional banks threaten contagion.
“Our intervention was necessary to protect the broader U.S. banking system, and similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion.”
Her comments came at an American Bankers Association conference, more than a week after the Federal Deposit Insurance Corporation, or FDIC, closed the failing Silicon Valley Bank and Signature Bank.
Yellen said she believed the actions of the FDIC, the Federal Reserve and the Treasury had reduced the risk of further bank failures that would have imposed losses on the bank-funded Deposit Insurance Fund.
“Let me be clear: the government’s recent actions have demonstrated our resolute commitment to take the necessary steps to ensure that depositors savings and the banking system remain safe.”
Yellen did not provide details on what further actions may be warranted.
She said that the current situation was “very different” from the 2008-2009 global financial crisis, when subprime mortgage assets put many banks under stress.
“We do not see that situation in the banking system today. Our financial system is also significantly stronger than it was 15 years ago.”
Yellen did, however, add that in coming weeks, regulators will examine the failures of SVB and Signature Bank, and reexamine whether current regulatory and oversight protocols are appropriate for the risks that banks face today.
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