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☆ Walt Disney Nominates 12 to Board of Directors, Says CEO Iger’s Compensation Doubled in 2023
▼ + stars: | 2024-01-17 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Photo: PHIL MCCARTEN/REUTERSWalt Disney recommended shareholders vote for its 12 nominees to the company’s board of directors and said Chief Executive Robert Iger ’s total compensation doubled in fiscal 2023. The company nominated Chairman Mark Parker to the board, as well as Mary Barra , Safra Catz , Amy Chang , Jeremy Darroch , Carolyn Everson, Michael Froman , James Gorman, Robert Iger, Maria Elena Lagomasino , Calvin McDonald , and Derica Rice.

Persons: PHIL MCCARTEN, REUTERS Walt, Robert Iger ’, Mark Parker, Mary Barra, Safra Catz, Amy Chang, Jeremy Darroch, Carolyn Everson, Michael Froman, James Gorman, Robert Iger, Maria Elena Lagomasino, Calvin McDonald, Derica Rice Organizations: REUTERS, REUTERS Walt Disney

☆ Marvel movies will be Bob Iger’s Disney priority after the cinematic universe suffered recent box office fails
▼ + stars: | 2023-11-29 | by ( Liam Reilly | Jon Passantino | ) edition.cnn.com time to read: +4 min

“Quality needs attention to deliver quality, it doesn’t happen by accident,” Iger said. Iger, speaking in a wide-ranging interview with Andrew Ross Sorkin at The New York Times’ annual DealBook summit, acknowledged that Disney had “diluted” the caliber of films produced by Marvel. The company, he added, had “made too many” film sequels that had not been well received by audiences or critics. Francis deSouza, the former CEO of Illumina — a biotech company — said he would not seek re-election to the board. In a statement, Mark Parker, the chairman of Disney’s board, praised Gorman’s succession planning abilities at Morgan Stanley.

Persons: CNN —, Bob Iger, ” Iger, ” “, Andrew Ross Sorkin, “, we’ve, ”, Iger, Bob Chapek, you’ve, Morgan Stanley, James Gorman, Sky Jeremy Darroch, Francis deSouza, Illumina, —, Mark Parker, Ted Pick, Gorman, James, Morgan Stanley’s, ” Parker, Samantha Delouya Organizations: CNN, CNN — Disney, Marvel Studios, Marvel, The New York Times, Disney, Sky, “

☆ Disney's board is in focus as activist investor Nelson Peltz considers his next move
▼ + stars: | 2023-11-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Activist investor Nelson Peltz may be intent on making sure Disney directors don't get that luxury. He tried earlier this year to get himself on the Disney board, only to be rebuffed by Iger and eventually walk away in February. Disney's board has also struggled to groom a successor to Iger, who has five times renewed his contract to stick around as CEO. Still, to sway Disney shareholders to vote for Peltz or other board members, Trian may need to push for specific ideas or financial engineering that Disney hasn't already articulated. If not, his next move could be a public fight to get himself and others on Disney's board.

Persons: Nelson Peltz, Ike Perlmutter, Bob Iger, Trian hasn't, Peltz, Hugh Johnston, Iger, Trian, Gamble, Bob Chapek, Mark Parker, Mary Barra, there's Organizations: Disney, Trian, Management, Marvel Entertainment, PepsiCo, Paramount Global, Comcast, Warner Bros, Discovery, AMC Networks, Lions, Entertainment, Proctor, Nike, General, Iger, CNBC, ABC, ESPN Locations: Iger

☆ Cramer: The 4 fears that are upsetting the market and what needs to happen next
▼ + stars: | 2023-09-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

Nike, under CEO John Donahoe, continued its total dominance that it had under previous leaders Mark Parker and Phil Knight. I really, really like Starbucks CEO Laxman Narasimhan and we are going to see a very strong executive make decisions now that Howard is gone. Apple weakness just casts a pall over everything. We have had weakness in the banks on fears of more regulation and that's only getting worse. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Let's, John Donahoe, Mark Parker, Phil Knight, It's, Armour, Nike's, Locker, Mary Dillon, Kevin Johnson, Howard Schultz, Schultz, Bob Iger, Robert Chapek —, Johnson, Chapek, Laxman Narasimhan, Howard, Gina Raimondo, Apple —, Stellantis, Joe Biden, Shawn Fain, Safra, Marc Benioff couldn't, LEN, Darden, it's, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Nike, Adidas, Armour, Dick's Sporting, China, Disney, Apple, Micron, Qualcomm, Starbucks, United Auto Workers, Detroit, —, Motors, Chrysler, Ford, walkouts, U.S, UAW, Oracle, Marriott, Booking Holdings, Federal, FedEx, KB, Jim Cramer's Charitable, CNBC, General Motors, Big, Getty Locations: China, Europe, American, United States, Oracle's, Detroit , Michigan

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ Disney extends CEO Bob Iger’s contract through 2026
▼ + stars: | 2023-07-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —The Walt Disney Company’s board has unanimously voted to extend CEO Bob Iger’s contract through the end of 2026 — an extension of two years. “Because I want to ensure Disney is strongly positioned when my successor takes the helm, I have agreed to the Board’s request to remain CEO for an additional two years,” he said. In 2020, Bob Chapek, the company’s former chairman of Disney Parks, Experiences and Products, was named CEO after Iger unexpectedly announced his retirement. In November 2022, Chapek was ousted just months after signing onto a new three-year contract with Disney, and Iger stepped back into the role as CEO. Iger’s first term as Disney CEO lasted 15 years, from 2005 to 2020.

Persons: Walt Disney, Bob Iger’s, Iger, Disney’s, ”, ” Iger, Disney, Bob, Mark Parker, “ Bob, Bob Chapek, Chapek, Scarlett Johansson, Iger’s Organizations: CNN, Walt, Disney, Disney Parks Locations: Florida

☆ Disney extends CEO Bob Iger's contract through 2026, two years longer than planned
▼ + stars: | 2023-07-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

The Walt Disney Company will extend CEO Bob Iger's deal by two years, extending his tenure through 2026. Iger returned to Disney in November, retaking the job from Bob Chapek, who was appointed CEO in early 2020. On four different occasions between 2013 and 2017, he extended his tenure as CEO after saying he planned to retire. Tune in: CNBC's David Faber will interview Disney CEO Bob Iger on CNBC's "Squawk Box" at 8 a.m. To that end, I'm writing to share that I have agreed to the Disney Board's request to remain CEO for an additional two years – through the end of 2026.

Persons: Bob Iger's, Iger, Bob Chapek, Iger's, CNBC's David Faber, Bob Iger, We've, we've, Christine McCarthy, Bob, Mark Parker, Read, I've, It's, Bob — CNBC's Alex Sherman, Kerry Caufield, David Faber Organizations: Walt Disney Company, CNBC, Disney, Netflix, Warner Bros . Discovery, Paramount, Pixar

☆ Nike CEO praises Disney's Bob Iger, saying he's 'doing a great job' in his feud with Florida's Ron DeSantis
▼ + stars: | 2023-05-23 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Nike CEO John Donahoe said Tuesday that Disney CEO Bob Iger is "doing a great job." "I think Bob's doing a great job at this," Donahoe said of Iger. Donahoe's remarks are the latest chapter in a yearlong feud that started in early 2022 when then-Disney CEO Bob Chapek objected to the DeSantis administration's "Don't Say Gay" bill. Iger, who returned as Disney CEO in November, has continued to battle with DeSantis. Disney and Nike have long supported each other and shared connective tissue.

☆ A former Nike runner says the company stopped paying her while she was pregnant and portrayed her as 'Miss America in a crop top'
▼ + stars: | 2023-04-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

Nike "takes great pride as a leader in supporting female athletes," the company said. Goucher's book also describes a persistently sexist culture at the Nike Oregon Project and says that Alberto Salazar, a celebrated distance runner and former Nike coach, sexually assaulted her. "My story helped sell shoes, shorts, T-shirts, and bras," Goucher wrote of her time as a Nike-backed runner. "In 2018 we standardized our approach across all sports to support all of our female athletes during pregnancy," Nike said in the statement. We know that Nike can continue to play an elevated role in supporting female athletes and improving their experience in sports."

☆ Inside Disney it's 'Revenge of the Creatives' and 'Shields Up!' against outside foes as returned CEO Bob Iger is taking no prisoners
▼ + stars: | 2023-04-07 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +12 min

Since returning as Disney CEO, Bob Iger has vanquished foes and dumped many of predecessor Bob Chapek's hires. But it's a supercharged Bob Iger who is really taking command. "If I'm inside Bob's head coming back, after the downfall of Bob Chapek, this is all about taking no prisoners," said Will Schutte, a high-level executive coach. Disney World is scheduled to host a major conference on gay rights in September, according to the Miami Herald. Even if he wants to be the Bob Iger of old he can't be.

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

[1/2] A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidLOS ANGELES, April 3 (Reuters) - Walt Disney Co (DIS.N) Chief Executive Bob Iger fired back at Florida Republican Governor Ron DeSantis on Monday, saying his apparent retaliation against Disney for taking a position on legislation was "anti-business." Soon after, DeSantis and the Florida legislature moved to eliminate the virtual autonomy the company enjoyed in the running of Walt Disney World in Orlando. He also noted that Disney employs 75,000 people in the state and will welcome 50 million visitors to Disney World this year. "These efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida," Iger said.

☆ Inside Nike's high-profile gender discrimination lawsuit, where plaintiffs claim unequal pay and more thanks to a 'boys' club' culture
▼ + stars: | 2023-02-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

Former female Nike employees sued the company over alleged gender discrimination in 2018. The lawsuit was filed in 2018, a few months after the Wall Street Journal first reported on allegations of a "boys' club" culture at Nike. Nike disputes the number and says there's no gender pay gap. In November 2022, Nike and plaintiffs unsealed roughly 5,000 pages of documents, including details of an alleged $11,000 pay gap between 2015 and 2019 for male and female Nike employees. Nike unseals internal memos and human-resource documents as it gears up to defend itself against allegations of gender discriminationIn late April 2022, Nike unsealed its motion against class certification.

☆ Trian presses Disney to replace board member Michael Froman with Nelson Peltz
▼ + stars: | 2023-02-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The proxy battle between Disney and activist investment firm Trian Management LP is heating up ahead of the company's annual shareholder meeting. On Thursday, Trian said in a filing that Disney shareholders should vote to remove Michael Froman from the board and replace him with Nelson Peltz. "Trian Group believes Mr. Froman has no experience as a public company director outside of Disney," the firm said in a statement Thursday. "In contrast, Nelson Peltz has served on numerous public company boards over the last several years." Few members of Disney's board have media experience outside of the Mouse House.

☆ Disney rips Peltz over board fight, defends Iger's acquisitions
▼ + stars: | 2023-01-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Disney ripped Nelson Peltz and his bid for a board seat Tuesday, as the entertainment giant's proxy fight with the investor and his activist firm, Trian Fund Management, takes shape. Disney said in a securities filing Tuesday that its board was where it needed to be to move the company forward. Last week, Peltz laid out his case for a proxy fight with Disney on CNBC's "Squawk on the Street" after Trian filed a preliminary proxy statement looking for a seat on the board. Peltz raised issues with how shareholder value has eroded recently and Disney's $71 billion acquisition of Fox in 2019. The company said it had offered Peltz an information-sharing agreement, meaning he would have met quarterly with both management and the board, rather than a board observer role, as Peltz had said.

☆ Activist Investor Nelson Peltz to Disney’s New Board Chair: No Thanks
▼ + stars: | 2023-01-13 | by ( Robbie Whelan | Lauren Thomas | ) www.wsj.com time to read: 1 min

Activist investor Nelson Peltz doesn’t think the Walt Disney Co.’s board leadership change will shift the direction of the company, saying the new chairman is little more than a rubber stamp for newly returned CEO Bob Iger , according to people familiar with the matter. On Thursday, Mr. Peltz and his hedge fund Trian Fund Management LP turned up the heat in their proxy battle, despite board changes the Walt Disney Co. made Wednesday in an effort to counter his push. Disney on Wednesday replaced its board chair Susan Arnold with Nike Inc. chairman Mark Parker , and assured investors that he would lead the search for the company’s next chief executive.

☆ Nelson Peltz Plans Proxy Fight Against Disney
▼ + stars: | 2023-01-12 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Activist investor Nelson Peltz plans to mount a proxy fight for a seat on Walt Disney Co.’s board, adding to the challenges Robert Iger faces after he recently returned to the role of chief executive at the beleaguered entertainment giant. Disney revealed the activist’s intentions Wednesday afternoon in a statement that said that it is opposed to having him join the board. It also said that current director Mark Parker would become chairman, succeeding Susan Arnold .

[1/3] The logo of the Times Square Disney store is seen in Times Square, New York City, U.S. December 5, 2019. Peltz, a billionaire activist who operates via his Trian Partners hedge fund, called for Disney to cut costs and turn a profit at its Disney+ streaming business, which has been losing money despite expanding at a fast clip. Its shares sank last year as losses deepened in its streaming business, and the price is now less than half the stock's 2021 high. Disney, Trian said, had overpaid for the assets of 21st Century Fox and bid aggressively for pay-TV giant Sky PLC. Disney said Trian would file with the Securities and Exchange Commission on Thursday to elect Peltz for a board seat in opposition to the company's nominees.

☆ Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
▼ + stars: | 2023-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. American Airlines — Shares rose more than 7% after the airline boosted its revenue and profit estimates for the fourth quarter. Caterpillar — Shares rose 2.4%, notching a 52-week high, after JPMorgan added the manufacturer to its focus list, saying its margin upside potential is currently underappreciated. Bed Bath & Beyond — Bed Bath & Beyond rallied 18%, building on gains after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday's session.

☆ 3 reasons why Nike's ex-CEO is what Disney needs right now
▼ + stars: | 2023-01-12 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

At Nike, Parker engineered the company's direct-to-consumer push. During his 14 years as Nike CEO, the company's revenue nearly tripled. In 2017, as Nike CEO, Parker introduced the Consumer Direct Offense, an aggressive direct-sales push that's been a winner with Wall Street, although frustrating some on Main Street. While he was Nike CEO, Parker frequently used the phrase "always on the offense" to describe the company's aggressive approach to growing sales and market share. The company's stock climbed more than 760% during his CEO tenure, far exceeding the market.

☆ Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
▼ + stars: | 2023-01-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney is facing a proxy fight as Nelson Peltz's activist firm Trian Fund Management pushes for a seat on its board. Fox turned what was once a pristine balance sheet into a mess," Peltz said Thursday. On Thursday, the activist firm filed a preliminary proxy statement looking to put Peltz on Disney's board. Disney's board will now have 11 members. The activist firm said it owns about 9.4 million shares valued at approximately $900 million, which it first accumulated a few months ago.

☆ Nelson Peltz's attempt to join Disney's board could force much-needed accountability
▼ + stars: | 2023-01-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

If Nelson Peltz were to win his fight to join Walt Disney 's (DIS) board of directors, the activist investor could force a level of accountability at the company that's sorely needed. Disney's board made the decision to not endorse Peltz and swiftly announced Wednesday that they named Mark Parker, a director since 2016 and executive chairman at Nike (NKE), as chairman, succeeding Susan Arnold. Disney, Peltz explained, "is a lot more than a media company." Disney's streaming business lost nearly $1.5 billion last quarter. Given Disney's distressed balance sheet, Jim asked Peltz about streaming service Hulu.

☆ At Walt Disney, the G in ESG stands for goofy
▼ + stars: | 2023-01-12 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 12 (Reuters Breakingviews) - It’s sadly fitting that Walt Disney (DIS.N) persists with Mickey Mouse corporate governance. The $176 billion entertainment empire on Wednesday appointed Nike (NKE.N) Chairman Mark Parker to run its board, too. Parker, who has been a director at Disney since 2016, was around for all of it. Parker has been a Disney director since 2016, and he also serves as executive chairman of Nike. Disney also said that shareholder Trian Partners had nominated founding partner Nelson Peltz to serve on the company’s board.

☆ Stocks making the biggest moves premarket: Disney, American Airlines, Bed Bath & Beyond, Logitech and more
▼ + stars: | 2023-01-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond — The retailer advanced 16% premarket, continuing to rally after a handful of meme stocks surged Wednesday. American Airlines — The airline gained 5% after lifting its fourth quarter guidance, citing strong demand and high fares. Logitech — The maker of mice and keyboards plummeted 16% after it missed earnings expectations for the recent quarter and slashed its sales outlook. KB Home — Shares dipped 3.4% after the homebuilder missed estimates for the recent quarter on the top and bottom lines. Cinemark – Shares gained 1.9% following an upgrade by analysts at JPMorgan to an overweight rating.

☆ Disney names Nike executive Mark Parker as new chairman
▼ + stars: | 2023-01-11 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —The Walt Disney Company has named Nike executive chairman Mark Parker as its new board chair, replacing longtime director Susan Arnold, whose term limit is expiring. Parker, a Disney board member since 2016, takes over Disney’s board at a time of transition for America’s largest media company. Disney said among Parker’s qualifications as board chair is that he navigated a successful CEO transition at Nike. And Disney’s media networks are struggling as cord cutting accelerates and once lucrative outlets like ESPN lose viewership. She praised Parker for helping lead Disney through a difficult period for the company and the broader media industry.

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