Disney Under Siege | The ‘Bob’ of It All | 3

39 snips

Dec 25, 2024

Sean McNulty, a reporter at The Ankler and co-host of The Ankler Podcast, dives into the tumultuous leadership landscape at Disney. He discusses Bob Iger's looming exit and the proxy battles shaking up the boardroom, laying bare the challenges faced by his successor, Bob Chapek. The conversation touches on Disney's recent streaming gains against industry giants, the ongoing layoffs aimed at enhancing profitability, and Nelson Peltz's influence on the company’s future. It's a riveting look at the challenges and strategies shaping the Disney empire.

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ANECDOTE

Peltz's Previous Targets

Nelson Peltz, known for targeting consumer-facing businesses, aimed to increase stock value.
His previous targets included companies like Procter & Gamble, Wendy's, and Snapple, with no prior entertainment experience.

INSIGHT

Why Peltz Targeted Disney

Peltz likely targeted Disney due to its falling stock price in 2022, caused by rising streaming costs and internal CEO struggles.
Peltz's goal appeared to be increasing his wealth through stock price improvement.

INSIGHT

Iger and Perlmutter's Friction

Bob Iger and Ike Perlmutter had long-standing friction, culminating in Perlmutter's firing in 2023.
This firing presented an opportunity for Iger, though Perlmutter's alliance with Peltz likely wasn't unexpected.

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