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☆ Disney Names Jeremy Darroch, Morgan Stanley’s James Gorman to Board
▼ + stars: | 2023-11-29 | by ( Robbie Whelan | Denny Jacob | ) www.wsj.com time to read: 1 min

The two appointments would temporarily expand Disney’s board of directors from 11 to 13 members. Photo: fred prouser/ReutersWalt Disney ’s board appointed Morgan Stanley Chief Executive James Gorman and former Sky CEO Jeremy Darroch as new directors as it faces the prospect of two separate shareholder challenges. Disney said the appointments reflect its commitment to a strong board focused on long-term performance, strategic growth initiatives, succession planning and increasing shareholder value. Chief Executive Bob Iger in recent weeks has told investors and employees that the company has begun building its future after a period of fixing problems.

Persons: fred prouser, Reuters Walt, Morgan, James Gorman, Jeremy Darroch, Disney, Bob Iger Organizations: Reuters, Reuters Walt Disney ’, Morgan Stanley, Sky

☆ TV producer Marty Krofft, creator of HR Pufnstuf, dies at 86
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +1 min

[1/2] Marty Krofft (C) speaks as he and brother Sid accept a Pop Culture award during their tribute at the taping of the seventh annual TV Land Awards in Los Angeles, California April 19, 2009. REUTERS/Fred Prouser/File Photo Acquire Licensing RightsNov 25 (Reuters) - Marty Krofft, who created popular children's television shows such as HR Pufnstuf and The Bugaloos, has died of kidney failure at the age of 86, his publicist Harlan Boll said on Saturday. Referred to as the "King of Saturday Mornings," Krofft rose to prominence for his work on The Banana Splits Adventure Hour before starting Sid and Marty Pictures with his brother Sid Krofft in 1969. The Krofft brothers' honours included a Lifetime Achievement Emmy Award in 2018 and a star on the Hollywood Walk of Fame in 2020. Reporting by Anirudh Saligrama in Bengaluru; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Marty Krofft, Sid, Fred Prouser, Harlan Boll, Marty, Sid Krofft, Sigmund, Donny, Marie Show, Brady, Anirudh, Edmund Klamann Organizations: REUTERS, Marty Pictures, Hollywood, Thomson Locations: Los Angeles , California, Bengaluru

☆ Disney’s New CFO Brings Experience to Company’s Activist Investor Battle
▼ + stars: | 2023-11-07 | by ( Kristin Broughton | Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

Disney’s stock price has recently tumbled, under pressure from cord-cutting and the high cost of streaming. Photo: fred prouser/ReutersWalt Disney ’s new finance chief steps into the role with a noteworthy victory: His former company fended off an attack from activist investor Nelson Peltz . Disney on Monday named Hugh Johnston , the longtime finance chief of PepsiCo , as its next chief financial officer. Johnston joins Disney as the company faces activist pressure from Peltz, whose firm, Trian Fund Management, has built a sizable stake in the company and is threatening a proxy battle. Disney’s stock price has recently tumbled, under pressure from ongoing cord-cutting and the high cost of streaming.

Persons: fred prouser, Reuters Walt, Nelson Peltz, Hugh Johnston, Johnston Organizations: Reuters, Reuters Walt Disney ’, Disney, PepsiCo, Trian Fund Management

☆ Matthew Perry's family 'heartbroken' by 'Friends' star's death
▼ + stars: | 2023-10-29 | by ( Rich Mckay | ) www.reuters.com time to read: +4 min

[1/3] Actor Matthew Perry waits to announce the nominations for the Golden Globe Awards during a news conference in Beverly Hills, California, December 14, 2006. REUTERS/Fred Prouser/File Photo Acquire Licensing RightsOct 29 (Reuters) - Matthew Perry's family, friends and fellow celebrities on Sunday mourned the passing of the wise-cracking co-star of 1990s sitcom "Friends" who died at his Los Angeles home in an apparent drowning this weekend. "Matthew brought so much joy to the world, both as an actor and a friend," Perry's family told People magazine on Sunday in a statement. The official "Friends" webpage on Instagram said: "We are devastated to learn of Matthew Perry’s passing. "I'll remember that character for the rest of my life," she said as the audience cheered, according to the Los Angeles Times.

Persons: Matthew Perry, Fred Prouser, Matthew Perry's, Matthew, Perry, Chandler Bing, Jennifer Aniston, Lisa Kudrow, David Schwimmer, Matt LeBlanc, Courtney Cox, Instagram, Matthew Perry’s, Singer Adele, Chandler, He's, Alyssa Milano, “, Matty, Milano, ”, Rainn Wilson, Dwight, R.I.P, Rich McKay, Marguerita Choy Organizations: Golden Globe, REUTERS, Sunday, Los Angeles, Police, Los Angeles Times, Los, Angeles, Angeles County Medical, Thomson Locations: Beverly Hills , California, Los Angeles, Massachusetts, Canada, Los, Angeles County, Manhattan, Vegas, Atlanta

☆ Bob Barker, long-time US TV game show host, dies at age 99
▼ + stars: | 2023-08-26 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/2] Bob Barker introduces the "Plinko" game segment during the taping of his final episode of the game show "The Price Is Right" in Los Angeles June 6, 2007. Barker died on Saturday morning of natural causes at his longtime Hollywood Hills, California, home, his publicist Roger Neal said. "No, I'm working," deadpanned Barker, known for his good-natured humor. In the film "Happy Gilmore," Barker played himself in a memorable scene in which he was playing in a golf pro-am tournament with Sandler's character, an excitable failed hockey player turned golfer. Even before his stint on that show wrapped up, Barker began hosting "The Price Is Right" on CBS.

Persons: Bob Barker, Fred Prouser, Barker, Happy Gilmore, Adam Sandler, Roger Neal, bray, deadpanned Barker, Sandler, Chuck Norris, Dorothy, Will Dunham, Paul Grant, Timothy Gardner, Bill Trott, Diane Craft Organizations: REUTERS, Hollywood, Sea, Sea Shepherd Conservation Society, Hartford Courant, Miss USA, Miss Universe, NBC, CBS, Thomson Locations: Los Angeles, Hollywood Hills , California, Sea Shepherd, U.S, Darrington , Washington

☆ UPS Issues Downbeat Outlook for Shipping Volumes
▼ + stars: | 2023-04-26 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

UPS is forecasting its first decline in annual revenue since 2009. Photo: Fred Prouser/REUTERSUnited Parcel Service Inc. shares tumbled on Tuesday after the global shipping giant said decelerating U.S. retail sales and shifting consumer trends would depress the company’s shipping volumes this year. The carrier is forecasting its first decline in annual revenue since 2009 after earnings and revenue both fell in the first quarter from a year ago, declines UPS said were driven by sagging consumer spending that pushed fewer packages through its U.S. and international networks.

☆ Rapper Coolio died from fentanyl overdose, manager says
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Singer Coolio performs before a panel discussion on his new Oxygen Network reality series "Coolio's Rules" at the NBC Universal summer 2008 press tour in Beverly Hills, California July 20, 2008. REUTERS/Fred Prouser/File PhotoLOS ANGELES, April 6 (Reuters) - Grammy-winning rapper Coolio died from a fentanyl overdose, his manager said on Thursday, six months after the musician was found dead at a friend's home in Los Angeles at age 59. Born Artis Leon Ivey Jr., Coolio was best known for his 1995 single "Gangsta's Paradise," from an album of the same name. Coolio's manager, Jarez Posey, said the rapper's family had been informed on Thursday by the Los Angeles County Coroner's Office that the singer had died from a fentanyl overdose. Born in Pennsylvania in 1963, Coolio began performing as part of the West Coast hip-hop scene after moving to Compton, California.

☆ Private equity is finally stepping up its tech game. Here's who is leading the charge.
▼ + stars: | 2023-02-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

What's the first thing that pops into your head when you hear the term "private equity?" PE firms do plenty of things quite well (and they are certainly compensated for their work), but their internal tech has never been a top priority. What I find most fascinating about the so-called "digitization" of PE isn't so much the actual tech but the culture. Click here to learn more about the 12 executives helping PE firms get up to speed on cutting-edge tech they can use to source and close deals. Silicon Valley Bank, which is the go-to bank for tech startups, is under pressure amid the market downturn, the Financial Times reported.

[1/3] The signage at the main gate of The Walt Disney Co. is pictured in Burbank, California, May 7, 2012. This is a win for all shareholders," a spokesperson for Peltz's Trian Fund Management said on Thursday. The decision, first reported by CNBC, came only hours after Disney reported earnings that topped Wall Street expectations and Iger outlined a corporate restructuring that addresses many of Peltz' criticisms. Disney's stock price climbed 3.6% in Thursday trading. "Bob Iger has a long, strong track record which provides confidence he will manage this transition for Disney."

[1/3] The signage at the main gate of The Walt Disney Co. is pictured in Burbank, California, May 7, 2012. This is a win for all shareholders," a spokesperson for Peltz's Trian Fund Management said on Thursday. The decision, first reported by CNBC, came only hours after Iger announced earnings that topped Wall Street expectations and announced a corporate restructuring that addresses many of Peltz' criticisms. Trian owns a nearly $1 billion stake in Disney and had criticized the company for a bungled succession planning, overpaying for new assets and runaway costs. Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath, Mark Porter and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Disney issued a statement applauding Peltz's decision to end a board challenge which it called a "distraction. 'FIRST PHASE' IN DISNEY'S TRANSFORMATIONFor Peltz's Trian Fund Management the board challenge appears to have paid off with an estimated 20% gain on his investment. Analysts said Peltz made a reasonable request for one board seat and to join the 12-member board himself. Peltz appeared on CNBC on Thursday to announce his proxy fight with Disney was over. "Bob Iger has a long, strong track record which provides confidence he will manage this transition for Disney."

☆ Peltz's Trian seeks to rally Disney shareholders against board director Froman
▼ + stars: | 2023-02-02 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

REUTERS/Fred ProuserNEW YORK, Feb 2 (Reuters) - Activist investor Nelson Peltz's hedge fund Trian Fund Management wrote to Walt Disney Co (DIS.N) shareholders on Thursday to make the case for replacing the media and entertainment conglomerate's board director Michael Froman. Trian, which owns a roughly $1 billion stake in the home of Mickey Mouse, has asked Disney shareholders to drop Froman — a former U.S. Trade Representative — from the company's 12-member board and elect Peltz instead. Trian did not spell out in the letter why it had picked Froman to target among the Disney directors, but suggested that Peltz was more qualified to serve. In the letter, Trian also directed its criticism at the full Disney board, blaming it for a 44% drop in Disney's stock last year. A shareholder vote to decide on the composition of Disney's board has not yet been set but is expected in the spring.

☆ Here's why Wall Street is warning the Fed blew it on inflation and it won't save the stock market from crashing
▼ + stars: | 2022-12-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

The Fed blew it on inflation stocks are going to have to suffer as a result. The central bank has no choice now but to keep hiking until inflation is down, experts have said. Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. El-Erian has been a loud critic of the Fed's response to inflation this year, slamming central bankers for saying inflation was "transitory" in 2021. That's the cost of the Fed being late to the game, and the central bank can't back away from its monetary tightening now, El-Erian warned.

☆ We compared 9 major grocery stores to find out which one offers the best deal
▼ + stars: | 2022-11-22 | by ( Ann Matica | ) www.businessinsider.com time to read: +6 min

Thanksgiving turkey prices increased by as much as 28 percent from the same time last year. Insider compared turkey prices at nine different retailers to find out which one has the best deal. We compared turkey prices from nine major grocery store chains to determine which one offers the best bang for your buck this holiday season. "Even as grocery prices rise nationally, shoppers can rely on Lidl for the best deal to feed their family this holiday season, Stefaqqn Schwarz, Lidl US chief product officer, said. Talia Lakritz/InsiderThe grocery store Wegmans has an array of turkey sizes available for customers to choose from.

☆ Emma Thompson says she was ‘utterly blind’ about ex-husband Kenneth Branagh’s on-set relationships
▼ + stars: | 2022-11-11 | by ( Toyin Owoseje | ) edition.cnn.com time to read: +2 min

London CNN —Two-time Oscar-winner Emma Thompson has admitted she was “utterly blind” to her ex-husband Kenneth Branagh’s on-set relationships with other actresses and was left devastated when she found out. Helena Bonham Carter and Kenneth Branagh dated for five years. “I was utterly, utterly blind to the fact that he had relationships with other women on set,” Thompson told interviewer John Lahr. “What I learned was how easy it is to be blinded by your own desire to deceive yourself.”Branagh and Bonham Carter went on to have a five-year relationship. Reflecting on her life with Wise, Thompson said: “I’ve learned more from my second marriage just by being married.

☆ Thirteen years later, 'Avatar' to return with a focus on family
▼ + stars: | 2022-09-22 | by ( Lisa Keddie | ) www.reuters.com time to read: +2 min

James Cameron's "Avatar: The Way of Water" is scheduled to reach theaters in December. The first "Avatar" movie focused on a battle for natural resources between human colonists and the blue Na'vi people on a moon called Pandora. "We now have a family and to be honest, to me, the movie is about protecting your family." It could be a communal family, the family that we choose," he added. "He's a man that cares about the story he's telling and has dedicated a great portion of his life to telling, sharing this with the world," Worthington said.

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