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MichMan

(13,461 posts)
7. The Walt Disney Company's halls are resonating with the echoes of an impending corporate upheaval.
Sun Nov 19, 2023, 12:44 PM
Nov 2023
The Walt Disney Company's halls are resonating with the echoes of an impending corporate upheaval.

The catalyst for this shift is an emergency meeting orchestrated by CEO Bob Iger and billionaire investor Nelson Peltz. Steering the ship of Trian Fund Management, which boasts a hefty $8.5 billion under its belt, he has upped the ante in his quest for influence in the iconic entertainment company.

That paints a picture of a company at a crossroads (of a hostile takeover), grappling with changing public expectations, internal challenges and external pressures from investors.

Despite generating a staggering $21 billion in revenue in the last quarter, Disney's net income is a relatively modest $246 million.

This disproportionate earnings scenario has not gone unnoticed by employees, who find themselves in the paradoxical situation of facing job insecurity despite the company's immense earnings.

In the backdrop of these corporate maneuvers, the company faces mounting criticism over its recent strategic choices. The crux of the discontent lies in the perceived shift away from the company's core ethos of creating universally appealing, family-friendly content.



https://www.msn.com/en-us/money/companies/hostile-takeover-at-disney-all-but-confirmed-after-alleged-emergency-meeting/ar-AA1kalUN?ocid=msedgdhp&pc=U531&cvid=c35f962839ea46e8bc4e29cd82708a59&ei=47

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