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Disney, Ex-CEO Bob Chapek, CFO Hit With Shareholder Suit Over Streaming Losses
To paraphrase Neil Young, Bob Chapek is gone from Disney but not forgotten.
A shareholder is suing the former CEO along with former executive Kareem Daniel, current CFO Christine McCarthy and the company itself alleging violations of securities law for misleading statements about Disney+ and the…
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6 Comments Comment on Disney, Ex-CEO Bob Chapek, CFO Hit With Shareholder Suit Over Streaming Losses
Disney’s “Backroom Deal” For Florida Special District Control DOA, Ron DeSantis’ Handpicked Board Declares In Countersuit
Disney's seemingly successful efforts to outfox Florida Gov. Ron DeSantis' power grab to control the area around Disney World are "not even worth the paper they were printed on," according to a countersuit filed Monday by the GOP presidential aspirant's replacement board.
"The District is entitled to…
- Breaking
- Business
Disney Unplugs Metaverse Unit During Initial Round Of Layoffs
Disney has eliminated a small business unit focused on exploring the metaverse, part of its initial efforts to reduce its workforce by about 7,000 employees.
About 50 workers were part of the group dedicated to “next-generation storytelling and consumer experiences.” The elimination of the unit…
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By Dade Hayes
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Ingo Rademacher Claims ABC Canned Him From ‘General Hospital’ Over Trump Support & Politics, Not Vaccine Refusal & Religion; Actor’s Suit Faces Dismissal Hearing Later This Month
EXCLUSIVE: Similar to so many family ruptures in America in recent years, Ingo Rademacher's legal dispute with ABC over his 2021 firing from General Hospital comes down to Donald Trump and the politics of vaccines, according to the former soap opera actor.
Heading towards a pivotal March 30 summary…
- Exclusive
- TV
Ron DeSantis’ New Book Describes Phone Call With Bob Chapek, Says Then-Disney CEO Talked Of Unprecedented Pressure To Weigh In On “Don’t Say Gay” Bill
Florida Gov. Ron DeSantis’ new book — a possible prelude to a 2024 presidential run — includes a chapter highlighting his efforts last year to pass a parental rights bill, dubbed the “don’t say gay” law by detractors, amid opposition from The Walt Disney Co.
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Ron DeSantis Sig…
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By Ted Johnson
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Remembering Howard Bragman, Who Always Made Things Memorable
So Howard Bragman has died.
I will miss him–not because we were especially close, but because he had a gift for making every encounter kind of fun, and, often, more memorable than it was supposed to be.
The last time I spoke with Howard was some months ago. He had called, apropos of nothing…
Disney Cuts Thousands Of Jobs Amidst Latest Restructuring & Costs Trimming; “I Do Not Make This Decision Lightly,” Bob Iger Says
The Walt Disney Company will be laying off thousands of employees as a part of a new round of cost cutting measures, CEO Bob Iger revealed today.
Speaking on the House of Mouse’s Q1 earning call this afternoon with CFO Christine McCarthy, Iger said that 7,000 jobs would be let go from the now…
Disney Ex-CEO Bob Chapek Made $24 Million in FY 2022; Bob Iger Comp Totaled $14 Million As Company Releases Latest Executive Pay
Former Disney chief executive Bob Chapek earned $24 million in fiscal 2022, down sharply from $32 million the year before, the company revealed in its proxy Tuesday.
Chapek, who exited abruptly in November, is entitled to just over $6.5 million in remaining base salary through the scheduled…
Disney Proxy Battle: Who Is Nelson Peltz And Why Does He Want To Be Let Into The Magic Kingdom?
Nelson Peltz’s broadside against the Walt Disney Co., and the prospect of a rare proxy fight at the media giant, stunned media circles this week — and a flurry of SEC filings over the past few days suggest plenty more fireworks to come.
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Bob Iger’s Christmas Carol & The Ghost…
Bob Iger’s Christmas Carol & The Ghosts Of Past, Present & Future
In about 698 days, the Walt Disney Company is supposed to have its fourth CEO in three years.
Optimistically presuming that past and current House of Mouse boss Bob Iger really does hand over the keys to the Magic Kingdom in late 2024 to a designated successor, the soon-to-be 100-year-old media…
Disney’s Christine McCarthy Emerges As Top CEO Contender To Succeed Bob Iger; CFO Was King Killer Who Took Down Bob Chapek
With the unexpected return of Bob Iger last month for a new stint as Disney CEO, the entertainment giant’s veteran chief financial officer Christine McCarthy has emerged as a leading contender to take over the top job.
“Christine has always been a force to be reckoned with, but you have to put her on…
Disney Warns “Restructuring, Change In Business Strategy” May Squeeze Financial Results; Notes $900M Payment For Rest Of BamTech
Disney said an upcoming restructuring under new/old CEO Bob Iger could result in impairment charges. It also noted that, as expected, it’s acquired the remaining 15% of streaming tech company BamTech it didn’t already own, paying $900 million. The news was tucked in a long year-end SEC filing today after…
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