Mickey Mouse Calls for Reinforcements Morgan Stanley CEO Joins Disney Board as Bob Iger Gears Up for Battle Against Billionaire Nelson Peltz

Disney Appoints New CEO of Morgan Stanley to Board as Bob Iger Prepares for Battle Against Influential Investor Nelson Peltz

Just when you thought Disney couldn’t get any more interesting, they’ve announced some new appointments to their board of directors. Get ready folks, because things are about to get wild!

First up, we have Darroch, who will be taking his rightful place on the board starting January 9th. And not too far behind, we have Gorman, who will be joining the gang on February 5th. It’s like a thrilling movie plot, but instead of superheroes, we have business moguls taking charge.

But wait, there’s more! Billionaire Nelson Peltz and his Trian Fund Management have big plans for the board next year. They’re actually hatching a plan to nominate their own candidates. It’s like a high-stakes chess game, where each move could send shockwaves through the kingdom of Disney.

Meanwhile, lurking in the shadows, we have ValueAct Capital Management, another activist investor who has secretly amassed a stake in Disney. What are their intentions? Well, nobody really knows. It’s like a thrilling mystery novel, where the plot thickens with every turn of the page.

In response to all this boardroom excitement, Disney’s CEO Bob Iger has decided to up the ante. He’s announced an increase in the company’s annual cost-cutting target to a jaw-dropping $7.5 billion. It’s like watching a high-stakes poker game, where the bets just keep getting bigger and bigger.

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At the New York Times DealBook Summit, Iger assured everyone that Disney’s board will carefully consider Peltz’s potential nominations. It’s like a suspenseful courtroom drama, where the fate of the kingdom hangs in the balance.

And just when you think it couldn’t get any crazier, Iger dropped a bombshell. He revealed that he’s no longer considering selling Disney’s traditional TV channels, like ABC and FX. Wow, talk about a plot twist! It’s like a rollercoaster ride, with unexpected twists and turns at every corner.

So, mark your calendars and get ready, because the next chapter in Disney’s story is about to unfold. Who knows what surprises and adventures lie ahead? One thing’s for sure, it’s going to be one heck of a ride.

In the meantime, let’s keep an eye on those Disney shares. They closed unchanged at $92.50 in New York. Will the boardroom drama have an impact on the stock price? Only time will tell. Stay tuned, folks!

I hope you enjoyed this thrilling tale of Disney’s boardroom adventures. What do you think about these new appointments? Are you excited to see what the future holds for Disney? Share your thoughts in the comments below!