Morning Brew Daily Disney Fights Back Board Takeover & Amazon Ditches Grab n’ Go
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Apr 4, 2024 Bob Iger successfully fights off a board takeover, securing Disney's leadership amid challenges. Egg prices rise again due to bird flu concerns. Amazon is stepping back from its struggling Grab n' Go grocery concept. NYC's congestion pricing is evolving, affecting more than just cars. Meanwhile, a Thai city battles disruptive macaques that are wreaking havoc on local businesses. Amidst all this, the hosts share their favorite numbers of the week, making for an engaging blend of corporate drama and quirky news.
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Disney's Box Office Downturn
- Disney's box office performance has declined since 2019.
- They had seven $1 billion movies in 2019 but only one, Avatar: The Way of Water, since then.
Iger's Bruised Reputation
- Iger's victory doesn't erase the damage to his reputation and control.
- The expensive, public battle exposed shareholder doubts about Iger's vision.
Disney’s Boardroom Battle
- Disney CEO Bob Iger won a proxy battle against activist investor Nelson Peltz.
- Peltz aimed to influence Disney's direction, spending nearly $70 million in the process.