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    In this article DISFollow your favorite stocksCREATE FREE ACCOUNTNelson PeltzDavid A. Grogan | CNBCDisney pushed back on Nelson Peltz's bid for a board seat Tuesday, as the entertainment giant's proxy fight with the investor and his activist firm, Trian Fund Management, takes shape. Disney said in a securities filing Tuesday that its board was where it needed to be to move the company forward. The company also defended CEO Bob Iger's past acquisitions and said Peltz didn't have an understanding of Disney's business, lacked the skills to drive shareholder value and presented no strategy. "Peltz has no track record in large cap media or tech, no solutions to offer for the evolving media landscape," Disney said in an investor presentation that was released Tuesday. Last week, Peltz laid out his case for a proxy fight with Disney on CNBC's "Squawk on the Street" after Trian filed a preliminary proxy statement looking for a seat on the board. Peltz raised issues with how shareholder value has eroded recently and Disney's $71 billion acquisition of Fox in 2019. Trian has also called...
    When the octogenarian billionaire Nelson Peltz calls, perhaps from his New York office—or, if he’s craving the sun, his 44,000-square-foot palace on Palm Beach island—the world’s most powerful CEOs have reason to grow alarmed. Peltz’s firm, Trian Fund Management, specializes in activist campaigns against companies it believes are underperforming. Industry giants like DuPont, Procter & Gamble, and PepsiCo have all felt the heat. Peltz described his philosophy simply in 2016: “We’re trying to figure out how we can get sales up and put a lid on expenses.” Sometimes, that means helping show executives the door. Trian’s latest target: Disney, where Bob Iger returned as CEO in November, less than three years after passing the torch to Bob Chapek. Since last summer, Peltz has been angling for a board seat, but Disney hasn’t complied. As a result, Trian has ratcheted up pressure, launching a website called “Restore the Magic” and vowing to take up the fight directly with other shareholders. Peltz is demanding a clear succession plan for Iger and is pushing to trim costs. And he is apparently willing...
    Billionaire investor Nelson Peltz - whose daughter Nicola married Brooklyn Beckham last year in a lavish ceremony - is battling to secure a seat on the board of Walt Disney Company, setting the stage for a spectacular showdown with new CEO Bob Iger. Peltz, 80, owns via his company Trian 9.4 million Disney shares, valued at some $900 million - a roughly 0.5% stake. Shares in struggling Disney have tumbled 39 percent in the past 52 weeks, under the tumultuous leadership of recently-removed CEO Bob Chapek, and are trading at an eight-year low - allowing Peltz to seize the moment.  His firm plans to file documents with the Securities and Exchange Commission on Thursday, publicly nominating Peltz as a director candidate, with the intention of reining in what Peltz sees as excessive spending and mismanagement at Disney. Disney, however, is determined to thwart him. Nelson Peltz is pictured with his wife Claudia (left) and daughter Nicola (right), who is married to Brooklyn Beckham. The Florida-based businessman is now trying to secure a seat on Disney's board
    In this article DISFollow your favorite stocksCREATE FREE ACCOUNTHandout | Getty Images Entertainment | Getty ImagesCompany: Walt Disney (DIS)Business: Disney is one of the most iconic entertainment companies globally. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. Disney engages in film and TV content production and distribution activities, as well as operates television broadcast networks and studios. Stock Market Value: $181.3 billion ($99.43 per share)related investing newsPro Picks: Watch all of Friday's big stock calls on CNBCChristina Falso15 hours agoActivist: Trian Fund ManagementPercentage Ownership:  n/a Average Cost: n/a Activist Commentary: Trian runs a concentrated portfolio of 8 to 10 mid- to mega-cap, publicly traded companies where it actively engages with management with the goal of enhancing long-term shareholder value. Trian, managed by Nelson Peltz, takes very few positions, but is very active in the fund's positions. Peltz calls his formula "operational activism." He defines it as working the managements of high-potential but underachieving companies to raise earnings by paring overhead, shedding ancillary businesses, and most of all, burnishing famous brands. Trian calls...
    by Laurel Duggan   Bob Iger, the newly appointed CEO of Disney, pledged to double down on LGBT “storytelling” in the company’s animated kids’ movies during a Monday town hall with employees, according to The New York Times. Iger served as CEO for 15 years before retiring in late 2020; he was brought back in about a year later after his successor, Bob Chapek, was fired, according to the NYT. Tumbling stock prices marked Chapek’s tenure as CEO, as did public outrage over the company’s political engagement in Florida and its alleged efforts to inject sexual content into children’s shows, particularly through gay and transgender characters. An employee at the town hall asked Iger about the company’s commitment to LGBT storytelling in the future, and he responded affirmatively. “One of the core values of our storytelling is inclusion and acceptance and tolerance, and we can’t lose that,” Iger said, according to the NYT. “We’re not going to make everyone happy all the time, and we’re not going to try to … We’re certainly not going to lessen our core values in order to make everyone happy all...
    The recently returned Walt Disney Co. CEO Bob Iger addressed his employees on Monday for the first time since his shocking return last week. At the company-wide town hall, which was moderated by KABC anchor Leslie Sykes, Iger, 71, said he'd had an 'inkling' that the company might ask him back, although the offer last week was ultimately a 'surprise.' He said his wife, Willow Bay, told him: 'If you are asked, you have to do it.' And so when the call came, he did. He said that though he made a point of distancing himself 'emotionally' from the company following his initial tenure as CEO, he was 'never fully detached' given his great love for the company. Bob Iger came out of retirement to retake the reins at Disney just over a week ago, as the board seeks to right a number of issues currently going on at the House of Mouse Iger (right) pictured with his successor and predecessor Bob Chapek (left) told Disney employees Monday that he had an 'inkling' he'd be getting a call to return...
    In this article DISFollow your favorite stocksCREATE FREE ACCOUNTBob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty ImagesFollowing criticism of its past handling of LGBTQ issues, Disney CEO Bob Iger on Monday told employees that inclusion and acceptance are among the "core values" of the company's storytelling. The remarks come after Disney had faced criticism under previous CEO Bob Chapek for its handling of Florida's "Don't Say Gay" bill, which banned instruction on sexual orientation and gender identity in kindergarten through third grade. Disney's recent inclusion of unambiguously gay characters in animated films has also drawn criticism from anti-LGBTQ activists.related investing newsBob Iger's fast start back as Disney's CEO is welcome news to shareholders like usZev Fima22 minutes ago"This company has been telling stories for 100 years, and those stories have had a meaningful, positive impact on the world, and one of the reasons they have had a meaningful, positive impact is because one of the core values of our storytelling is inclusion and...
    Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange, November 27, 2017 in New York City.Getty Images Disney Chief Executive Officer Bob Iger said he won't remove the company's hiring freeze and that he will reassess its cost structure during his first town hall since returning to the company. Iger kicked off the town hall Monday quoting from the song "What'd I miss?" from Lin-Manuel Miranda's musical "Hamilton" that says "There is no more status quo. But the sun comes up and the world still spins." After about five minutes of introduction, Iger jumped into taking questions. Disney employees could submit both named and anonymous questions before the event began. Iger acknowledged Disney's focus must shift toward making its streaming business profitable rather than concentrating on simply adding subscribers, which was the company's priority when he gave up the CEO job in 2020. Iger shocked the business world by returning to the CEO job after repeatedly saying he wouldn't come...
    Disney looks set to have another flop on its hands, as the animated adventure Strange World proves a dud at the box office as moviegoers criticize the movie for what they see as forcing progressive ideology in a childrens' movie. The cartoon, starring a voice cast including Jake Gylenhaal, Dennis Quaid, Gabrielle Union, Lucy Liu, and also features Daily Show contributor Jaboukie Young-White as the voice of what's been heralded as Disney's first openly gay character. Strange World looks set to not even clear $20million at the Thanksgiving weekend box office on a gargantuan budget of $120-130million.  It may even finish below the studio's 2002 flop Treasure Planet, which grossed just $16.6million.  The film also appears to have tanked with audiences despite mildly positive critical reactions.  Disney looks set to have another flop on its hands, as the animated adventure Strange World looks set to be a dud at the box office as moviegoers criticize the movie for what they see as forcing progressive ideology in a childrens' movie The cartoon, starring a voice cast including Jake Gylenhaal, Dennis Quaid,...
    While Disney hopes to bounce back after announcing former CEO Bob Iger will take the reins once again, his return might bring further turmoil, not success.  Disney shocked the markets when it announced Sunday that it fired woke CEO Bob Chapek, tapping Iger to takeover, who previously ran the company from 2005 to 2020 and stands to earn $27 million if he helps turn things around.    Tech columnist Therese Poletti wrote in an op-ed for MarketWatch that while 'Boomerang CEOs' seem like an attractive option, with companies trying to emulate the success of Apple when it brought back Steve Jobs in 1997, returning chiefs often lead a company to further ruin.  Dubbed the 'Steve Jobs Syndrome,' a 2020 MIT study of 'Boomerang CEOs' found that on average 167 returning chiefs from S&P 500 companies between 1992 to 2017 performed worse when compared to new heads. 'The expectation that Iger can pull another Steve Jobs is going to weigh heavily on him over the next two years, and history is not on his side,' Poletti wrote.  Bob Iger (pictured) faces several...
    New York (CNN Business)Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the highest-paid executives in Hollywood. Iger will earn a $1 million base salary as he takes over Disney (DIS), according to a company filing with Securities and Exchange Commission. However, that compensation comes with an annual bonus up to $1 million as well as an annual incentive-based award with a target value of $25 million. That means that Iger has the potential of pulling in around $27 million.Iger's tenure began on November 20 and will run until December 31, 2024, according to the filing.Although $27 million is a lot of money, it is less than the roughly $46 million he made in total compensation when he left the company at the end of last year.Disney said on Sunday night that Iger, one of the most successful CEOs in the history of the company, would be returning to run the media empire. It was a stunning development at Hollywood's biggest company.Read MoreCan Bob Iger fix Disney?The announcement...
    In this article DISFollow your favorite stocksCREATE FREE ACCOUNTBob Iger attends the World Premiere of Walt Disney Studios Motion Pictures 'Avengers: Endgame' at Los Angeles Convention Center on April 22, 2019.Jeff Kravitz | FilmMagic, Inc | Getty ImagesBob Iger, less than 24 hours after returning to the helm of Disney, told employees Monday that the company would be undergoing a restructuring in coming weeks. One of the first steps, Iger announced, would be the departure of Kareem Daniel, the company's head of media and entertainment, and right hand to now-departed CEO Bob Chapek.related investing news3 takeaways from our daily meeting: Oil slides, Disney CEO shakeup, Salesforce growth concernsKrystal Hur7 hours agoBob Iger is back. He's the steady hand that Disney needs as CEO to get it back on trackKevin Stankiewicz9 hours agoAnalysts cheer Iger's return to Disney; MoffettNathanson upgrades and sees 30% upsideSarah Min11 hours agoIger announced Daniel's departure in a memo to employees Monday along with a "new structure that puts more decision-making back in the hands of our creative teams and rationalizes costs." "This will necessitate a reorganization...
    In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” Susan Arnold, Chairman of the Board for Disney, said in a statement on Sunday night. “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.” The announcement, while deeply surprising to the media industry, comes at a time of great evolution for Disney. The company is coming off a lack-luster earnings report that showed growth for its streaming endeavors but at a great cost of $1.5 billion in the fourth quarter. That report sent Disney’s stock to tumble after a year of sluggish to bad performance. Related Articles Business | Disney California Adventure rolls...
    Former Disney CEO Bob Iger says that a 'substantial portion' of Twitter's users were believed to be bots in 2016, when the company was deep into talks to purchase the social network. 'We did look very carefully at all of the Twitter users — I guess they’re called users — and we at that point estimated with some of Twitter’s help that a substantial portion — not a majority — were not real,' Iger said this week at Code Conference hosted by Vox in Los Angeles.  Twitter is currently embroiled in a potential $44 billion sale to Elon Musk. The Tesla CEO is attempting to back out of his planned purchase, in part because he says Twitter hasn't been honest about the number of bots versus actual human users. Six years after Disney's own departure, Iger is now sharing more details about why the acquisition never came to be.  'Yes, it’s a great solution from a distribution perspective. But it would come with so many other challenges and complexities that as a manager of a great global brand, I was...
    Washington (CNN Business)Disney's analysis of Twitter in connection with a potential 2016 acquisition led the entertainment giant to conclude that "substantial" numbers of accounts on the social media service were fake, according to former Disney CEO Bob Iger.The revelation prompted Disney to lower its estimated value for Twitter, said Iger, speaking at Vox Media's Code Conference on Wednesday.Judge denies Elon Musks request to delay Twitter trial following whistleblower disclosureIger's remarks quickly caught the attention Elon Musk, who has made the prevalence of spam accounts a central argument for why he should be allowed to back out of an agreement to buy Twitter for $44 billion. In response to a post about Iger's comments, Musk tweeted: "Interesting ..."Twitter has long said spam accounts represent less than 5% of its monetizable daily active users. Musk has alleged that Twitter likely under reports the true share of spam accounts. Twitter has defended its estimates and sued Musk to complete the deal, arguing the billionaire is looking for a pretense to get out of a deal he now views as overvalued.While Musk initially said...
    Bob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty Images Former Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agreed to be an advisor to the closely held company. "We're incredibly excited to welcome Bob Iger as an investor and advisor," said Canva spokesman Lachlan Andrews in a statement. "Bob brings a wealth of experience after 15 years at the helm of one of the most loved and most creative brands in the world and we're looking forward to working with him." Iger and Canva declined to comment on the size of the investment. Canva raised money in September, valuing the company at $40 billion. The graphic design software company earned the No. 4 ranking on CNBC's annual Disruptor 50 list, released earlier this month. Canva has more than 75 million monthly users and was on pace to reach a $1 billion annualized revenue run rate in late 2021, CNBC reported. The Sydney-based company helps people create presentations,...
    In this article FNKOSarah WhittenA consortium including former Disney CEO Bob Iger, sports agent Rich Paul, eBay and the Chernin Group are buying a 25% stake in toy maker Funko. The investment, which is worth $263 million, means Chernin will add two directors to Funko's board. Chernin Group CEO Peter Chernin and Iger will serve as advisors to the board. "We believe Funko is significantly undervalued in the public markets and at this highly attractive entry price provides a runway of opportunity and growth potential," Chernin said in a statement Thursday. "There are many areas of identifiable growth across content, commerce, marketplaces, consumer products and technology that should drive substantial increases to Funko's performance,." As part of the investment, eBay and Funko agreed to make eBay the preferred secondary market for Funko products. They will also team up for exclusive product releases. This is a breaking news story. Please check back for updates.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    Embattled Disney CEO Bob Chapek told employees during a virtual town hall Monday that he regretted not taking a public stance against Florida's controversial 'Don't Say Gay' bill. Chapek, who is already facing leadership problems amid a rift with his predecessor, Bob Iger, and discontent from employees who remain loyal to Iger thanks to his glittering tenure at the helm of the entertainment giant, said that Disney made a mistake by not publicly decrying the bill.   'I and the leadership team are determined to use this moment as a catalyst for more meaningful and lasting change,' Chapek, 61, said during a rushed virtual town hall meeting.  The so-called 'Don't Say Gay' bill, which bans the teaching of lessons on sexuality, gender identity and sexual orientation from kindergarten up to third grade, has led to planned walkouts by Disney employees condemning the company's silence over the issue.   Chapek also pledged to fiercely oppose Texas Governor Greg Abbott's attempt to investigate parents of children undergoing gender-transitioning procedures for child abuse, The Wall Street Journal reported.  Disney CEO Bob Chapek told employees during...
    Jon Stewart interviewed former Disney CEO Bob Iger this week on his Apple TV+ show The Problem with Jon Stewart in a segment he titled “Can The News Be Fixed?” Stewart, who also offered a twenty-minute monologue lambasting mainstream media this week, asked Iger why he has been having such a hard time getting interviews with media executives. Iger responded he believes a “bunker” mentality exists in the news industry as journalists and executives are under constant scrutiny. Iger went on to explain that when ABC’s news division reported to him, for some 35 years, he would tell them to “not hear the noise so much, to continue doing the job that we’ve entrusted them to do, which is, to tell the truth.” As the 15-minute interview continued Stewart probed Iger on the issues plaguing the U.S. media today. “Look, people are not held accountable for inaccuracies, so there’s that issue,” Iger said. “Then there’s the whole problem of profiting from, I call it inaccuracy, from opinion and from presenting things in an inaccurate fashion,” he added. “A lot...
    More On: ari emanuel Ari Emanuel splits from girlfriend Sarah Staudinger Ari Emanuel’s Endeavor agency launching coronavirus podcast Ari Emanuel hosts VIP kickoff for Frieze’s inaugural LA art fair Saudi Prince touring US to meet with America’s moguls A new Ari Emanuel profile in The New Yorker details how the super-agent wants to be viewed as a visionary — not another Hollywood suit — while his company plots another IPO attempt. “In ten years, is anybody gonna remember Bob Iger?” Emanuel asks New Yorker writer Connie Bruck. “Probably not. They’re gonna remember Steve Jobs. They’re gonna remember Elon Musk. They’re gonna remember Presidents, actors. You know, businessmen like me, they’re not really.” Iger is the executive chairman and former CEO of Disney. Emanuel founded Endeavor in 1995, and has repped Oprah Winfrey, Martin Scorsese, Charlize Theron, Mark Wahlberg, Donald Trump and Dwayne “The Rock” Johnson. A former employee at Emanuel’s agency says in the New Yorker piece, “Ari was the best agent of his generation… But there’s a disconnect between Ari the agent and Ari and everything else....
    (CNN)Ryan Coogler is taking "Black Panther" fans back to Wakanda in a new TV series for Disney+. The Walt Disney Co. announced the in-the-works television project on Monday, along with news that Coogler's Proximity Media has entered new five-year television deal with the company.No details beyond the fact that the series would be "based in the Kingdom of Wakanda" were made available. "Ryan Coogler is a singular storyteller whose vision and range have made him one of the standout filmmakers of his generation," Bob Iger, executive chairman pf The Walt Disney Company, said in a statement. "With Black Panther, Ryan brought a groundbreaking story and iconic characters to life in a real, meaningful and memorable way, creating a watershed cultural moment. We're thrilled to strengthen our relationship and look forward to telling more great stories with Ryan and his team."Coogler is currently working on a follow-up to "Black Panther," which is set to be released July 8, 2022. Read MoreMarvel Studios and Disney announced back in December that the role played by the late Chadwick Boseman would not be recast...
    Bob Iger, chairman of the Walt Disney Co., has expressed interest in becoming ambassador to China under Joe Biden, reportedly making overtures to people in the president-elect’s team about the plum diplomatic post. But the possible appointment is already drawing criticism as a weak choice given Disney’s history of appeasement to China’s Communist dictatorship. The Wall Street Journal reported that Bob Iger has reached out to Biden’s transition team to communicate his interest in the ambassadorship, according to anonymous sources “familiar with the matter.” The newspaper noted that Biden gave $500,000 to the Biden Victory Fund as well as a combined $85,100 towards efforts to elect Democrats in Congress. Former Dreamworks and Quibi boss Jeffrey Katzenberg also put in a good word for Iger, telling the Biden transition team that he would make a good ambassador to China, according to the Journal. Presidents have traditionally rewarded big-ticket donors with ambassadorships. On top of that, Iger’s long-running business relationship with Chinese president Xi Jinping could serve as a potential bonus to seal the deal. But Bob Iger also presents major drawbacks...
    Wednesday, Fox News Channel’s Tucker Carlson warned that President-elect Joe Biden was promoting a U.S.-China relationship that was not necessarily in the American people’s best interest. Carlson noted Biden’s reported consideration of Disney executive chairman Bob Iger to serve as U.S. ambassador to China. According to Carlson, Iger has been willing to kowtow to the Communist Chinese government for the sake of Disney’s bottom line. Transcript as follows: CARLSON: They called it the week that changed the world. That was Richard Nixon’s description of his visit to China in 1972. Nixon was the first American President to engage directly with China’s communist government, and he was right in the end, that visit changed everything. For a while, they told us it would all be good for everyone. Relations with China would help every American. That’s what the experts said. Free trade would make us rich, and they continued to tell us that for decades, even after the evidence mounted it wasn’t true, even after China entered the World Trade Organization and immediately eliminated entire portions of our economy along with...
    Walt Disney executive chairman Bob Iger says he would consider serving in President-elect Joe BidenJoe BidenLawsuit alleges 200K Georgia voters were wrongly purged from registration list GOP lawmaker blasts incoming freshman over allegations of presidential voter fraud Haaland has competition to be first Native American to lead Interior  MORE’s administration if asked. “Giving back in some fashion -- serving our country in some fashion -- is certainly something that I would consider seriously,” Iger told the Carlyle Group’s David Rubenstein in a Bloomberg TV interview. “But a lot of it would depend on what it is, what the opportunity is, and whether I thought it would be something that I would both be stimulated by and be good at," he added. Iger has not been named as a contender for any Cabinet appointments in the Biden administration. His remarks come as the entertainment giant has taken a major revenue hit amid theme park and movie theater closures. After stepping down as CEO in February, he is set to leave Disney next December, Bloomberg noted. Iger said in the interview that he has been...
    The House Committee on Oversight and Reform will send a letter Monday to Disney slamming them for filming its new film Mulan in parts of China where the government is accused of serious human rights abuses, the Daily Caller has learned. In the letter to Disney CEO Bob Iger, a number of Republicans on the committee asked for specific information about why the company chose to thank a government security agency in Xinjiang province during the final credits of the movie Mulan, where there are nearly 1 million Muslim Uighurs reportedly detained. House Committee on Oversight and Reform ranking member James Comer said Disney will have to explain it’s relationship with the Chinese Communist Party (CCP). “Disney pays lip service to providing opportunities to children and families around the world but in reality it’s hurting children and families by its business practices. Disney threatened to boycott Georgia for its pro-life law that protects innocent babies but then gives a public ‘thank you’ to the Chinese Communist Party for allowing it to film parts of Mulan where the CCP is actively detaining...
    Disney is facing criticism for filming where China’s Uighurs are alleged being interned more than a year after CEO Bob Iger suggested the company might be forced to cut ties with Georgia after the state passed an anti-abortion law. In the credits for the live-action version of “Mulan,” Disney thanked Chinese agency called Turpan Municipal Bureau of Public Safety, which is allegedly responsible for running internment camps housing individuals from the country’s Muslim minority groups, the BBC reported Monday. Disney filmed the movie in Xinjiang, China, where Uighur people have reportedly been imprisoned. Iger told Reuters in May 2019 that it would be “very difficult” to do business in the state of Georgia after Republican Gov. Brian Kemp signed a law banning abortion if a doctor can detect a fetal heartbeat. Disney has made several movies in the state, including “Black Panther” and “Avengers: Endgame.” The law took effect in January of 2020. Georgia offers film studios tax credits and the film industry is responsible for creating more than 92,000 jobs in the state, according to the Motion Picture Association...
    Not even CEOs are safe from the wrath of 2020. From Disney to Ford to Bleacher Report, heads are rolling at the top of America’s most recognizable companies. Whether from resignations, firings or retirements, the blood is flowing as companies from all industries experience a changing of the guard. Here’s who lost their job in 2020: Jim Hackett, Ford Jim Farley will be replacing Jim Hackett as CEO of Ford in October.EPA Ford on Tuesday announced that chief executive Jim Hackett would be retiring after three years at the helm of the automaker. Hackett, 65, took over at the 119-year-old company in May of 2017 and quickly pulled the company out of the sedan business in favor of SUVs and trucks. But poor fourth-quarter financial performance in February made evident that his reign would be short, as did the botched launch of the Explorer SUV. Hackett will be replaced by Jim Farley on Oct. 1, who has been with the company for more than a decade and served as COO since February. Bob Iger, Disney Bob IgerFilmMagic The CEO of the...
    Not even CEOs are safe from the wrath of 2020. From Disney to Ford to Bleacher Report, heads are rolling at the top of America’s most recognizable companies. Whether from resignations, firings or retirements, the blood is flowing as companies from all industries experience a changing of the guard. Here’s who lost their job in 2020: Jim Hackett, Ford Jim Farley will be replacing Jim Hackett as CEO of Ford in October.EPA Ford on Tuesday announced that chief executive Jim Hackett would be retiring after three years at the helm of the automaker. Hackett, 65, took over at the 119-year-old company in May of 2017 and quickly pulled the company out of the sedan business in favor of SUVs and trucks. But poor fourth-quarter financial performance in February made evident that his reign would be short, as did the botched launch of the Explorer SUV. Hackett will be replaced by Jim Farley on Oct. 1, who has been with the company for more than a decade and served as COO since February. Bob Iger, Disney Bob IgerFilmMagic The CEO of the...
    A 20-year-old college theater major is going viral for an incredible video in which he transforms into his favorite superheroes — all with some very impressive special effects. Julian Bass, who will be a junior this fall at Georgia State University, uploaded the video to his Twitter and TikTok accounts on July 2 — and in just a day, he has already racked up about 13 million views and praise from the likes of Josh Gad, Mark Hamill, and former Disney CEO and current Executive Chairman Bob Iger. Using some VFX talent, costumes, and props, the suburban Atlanta native performs as a Jedi, Ben 10, and Spider-Man, and the very entertaining clip may have landed him a job. Talented: Julian Bass, a theater major at Georgia State University, is going viral for an incredible video in which he transforms into his favorite superheroes He uploaded the video to his Twitter and TikTok accounts on July 2 — and in just a day, he has already racked up about 13 million views Woosh! The video, set to the Harry Styles song Watermelon...
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