FT News Briefing Bob Iger's back at Disney. But who comes next?
Nov 22, 2022
Austria’s central bank chief pushes for a significant interest rate rise as inflation looms large. Meanwhile, Disney sees a dramatic leadership change with Bob Iger's return after Bob Chapek's tumultuous reign. This shift raises questions about the future direction of the entertainment giant. On a different note, oil prices are experiencing volatility amid geopolitical tensions, while UK bacon demand is making a comeback, signaling a shift in consumer appetites.
AI Snips
Chapters
Transcript
Episode notes
ECB Interest Rate Debate
- European Central Bank members disagree on the appropriate interest rate increase.
- Some favor another 75 basis point rise to combat inflation, while others prefer smaller increases due to recessionary concerns.
Oil Price Volatility
- Oil prices fluctuated after a Wall Street Journal report suggested OPEC would increase supply, which Saudi Arabia denied.
- This denial, along with upcoming sanctions on Russian oil, creates uncertainty in the oil market.
Disney CEO Shake-Up
- Disney's board unexpectedly replaced CEO Bob Chapek with former CEO Bob Iger.
- Chapek's leadership was marked by several controversies, including internal restructuring, disputes with talent, and political stances, alongside brand and communication issues.