The Week in Business: The Fed Slows Down
Jobs numbers soared far past analysts’ forecasts. Meta’s stock price surged. And Robert Iger faces a major test as Disney reports its first quarterly earnings since he returned as C.E.O.
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Jobs numbers soared far past analysts’ forecasts. Meta’s stock price surged. And Robert Iger faces a major test as Disney reports its first quarterly earnings since he returned as C.E.O.
In a security filing, Disney was harshly critical of Nelson Peltz, saying he had “no strategy, no operating initiatives, no new ideas and no plan.”
US and global media conglomerate Disney's board of directors has elected independent director Mark G. Parker as chairman of the board, effective following the annual meeting of shareholders.
Nelson Peltz wants the company to revamp its streaming business and focus on increasing profits. Disney wants shareholders to vote against his effort to get a seat on the board.
Disney gets new chairman, rebukes billionaire investor's attempt to join board. Disney named a new board chairman on Wednesday while continuing to fend off billionaire investor Nelson Peltz's bid to join.