Disney chief Bob Iger prevailed in a bitter proxy battle with activist investors over the company’s board members Wednesday. The Mouse House garnered a “substantial margin” of support at its annual shareholders’ meeting, keeping its board of directors from relinquishing a board seat to Peltz, head of Trian management, and former Disney chief financial officer … Read more
Embattled ABC News president Kim Godwin was effectively demoted and will report to a “micromanager boss,” insiders told The Post — after parent Disney on Wednesday announced a major restructuring to the network’s leadership. The Mouse House said it is elevating veteran executive Debra O’Connell to helm a new division that would encompass ABC News, … Read more
Jamie Dimon, CEO of America’s largest bank JP Morgan Chase, has been iced out of the White House’s good graces after apparently endorsing Republican policies and calling Donald Trump “kind of right,” The Post has learned. The self-identified Democrat has been labeled “MAGA curious” by White House insiders after telling Democrats to “respect” Trump’s supporters … Read more
A $3 billion bet on Walt Disney by Nelson Peltz’s Trian Fund Management was largely responsible for the investment management firm’s underperformance last year compared to its activist hedge fund peers, according to financial details provided to Reuters by a Trian investor. The previously unreported details illustrate the high financial stakes for Trian as it seeks … Read more
Walt Disney said Tuesday it “does not endorse” the candidates nominated by activist shareholders in a preliminary proxy filed with the Securities and Exchange Commission. Disney Chief Executive Bob Iger, in a letter to investors, said the company has embarked on an “unprecedented transformation,” making management changes and streamlining operations to become more cost-efficient. It is … Read more
Merger talks between David Zaslav of Warner Bros. Discovery and the people over at Paramount are at a “very early stage,” I am told. So is the air of desperation for both parties and the media industry in general. If you haven’t noticed, this isn’t a great time to be running a media company. For … Read more
Tensions appear to be escalating in the feud between Elon Musk and Disney CEO Bob Iger. Electric vehicle news website Electrek reports that Tesla has removed the Disney+ app from some of the vehicle’s infotainment systems. Some Tesla owners have verified this story, leaving bewildered posts on social media about Disney+’s sudden disappearance. “I can … Read more
