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What will Bob Iger do first at Disney?

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2 years ago

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The surprise return of Bob Iger as Disney CEO, replacing his own replacement Bob Chapek, is not without precedent in corporate America.

In a memo to staffers announcing the shakeup, Iger framed his actions as an effort to restore power to creative executives at Disney.

Disney’s CFO Christine McCarthy told investors she lacked confidence in Chapek after a Nov. 8 conference call about the company’s worse than expected quarterly loss of $1.5 billion linked to its Disney+ streaming service.

Despite the steep financial pitfall, Chapek appeared upbeat and insisted the company was “on a path to profitable streaming business that generates shareholder value long into the future.”

By Friday of the following week, Disney execs were seeing if Iger would return to his old job of 15 years in order to replace Chapek, the paper reported.

Chairperson of Disney’s board Susan Arnold called Iger up and asked if he’d consider coming back to run the Mouse House once again, people with inside knowledge told the Journal.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Fed’s signal a “No landing” scenario for the U.S. economy

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11 hours ago

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October 7, 2024

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A “No landing” scenario for the US economy has become more plausible following a significant jobs surge in September.

U.S. job market surged in September with over 254,000 jobs added, surpassing the 150,000 forecasts July and August job numbers revised upward by a combined 72,000 positions.

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Biden is “discussing” support for Israel over Iran oil strike

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3 days ago

on

October 4, 2024

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Defence shares rise to record high following Middle East attacks

Published

5 days ago

on

October 2, 2024

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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