Tag Archives: Bob

Bob Iger’s next big challenge at Disney is activist investor Nelson Peltz

Bob Iger’s next big challenge at Disney is activist investor Nelson Peltz

Bob Iger will face yet another challenge as Disney (DIS) CEO — activist investor Nelson Peltz. On Wednesday, Disney announced Nike executive chairman Mike Parker will take over Susan Arnold’s position as chairman of the board, and also recommended shareholders vote against Peltz in his efforts to win a seat on the company’s board. “While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, the Board does… Source link

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Bob Iger can’t wave a ‘magic wand’ to change Disney’s structural problems: Analyst

Bob Iger can’t wave a ‘magic wand’ to change Disney’s structural problems: Analyst

Disney’s (DIS) Bob Iger will be inheriting quite a mess as he reassumes the CEO position at a company he led for 15 years. “Disney’s problems are more structural than they are related to who’s running the company,” Doug Cruetz, media analyst at Cowen, told Yahoo Finance Live. Cruetz listed several fundamental concerns, including a declining linear business, which has been tethered to an increasingly costly sports business at ESPN, in addition to a streaming unit bleeding money amid an… Source link

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Bob Iger’s return to Disney creates strategic ‘uncertainty,’ one analyst warns

Bob Iger’s return to Disney creates strategic ‘uncertainty,’ one analyst warns

Disney (DIS) shares rose Monday following news Bob Iger replaced Bob Chapek as CEO, effective immediately. And the longtime CEO’s impact is already being felt upon his return. On Monday, Iger made his first big move as CEO — firing Kareem Daniel and restructuring Disney’s Media and Entertainment Distribution (DMED) division. DMED was one of Chapek’s first big swings as chief executive, but the reorganization was categorized as a controversial move that upset longtime veterans and reportedly… Source link

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Disney stock soars after Bob Iger returns as CEO

Disney stock soars after Bob Iger returns as CEO

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged… Source link

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Bob Iger returns as Disney CEO in shocking upheaval

Bob Iger returns as Disney CEO in shocking upheaval

What’s old is new again at Disney (DIS) — Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as its CEO. According to the company, Iger will serve as CEO for two years, with a… Source link

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Bob Iger returns as Disney CEO in shocking upheaval

Bob Iger returns as Disney CEO in shocking upheaval

What’s old is new again at Disney (DIS): Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as CEO. According to the company, Iger will serve as CEO for two years, with a mandate… Source link

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