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Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world's most valuable women's professional sports team. On Wednesday, Angel City of the National Women's Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million in the club's future growth. Bay will serve on and have full control of the Angel City FC board, the team said. Last year, Angel City FC generated the highest revenue of any women's team in the world.
Persons: Bob Iger, Willow Organizations: Walt Disney Co, Allen & Company Sun Valley Conference, Angel City Football Club, National Women's Soccer League, Angel City FC, ACFC Locations: Sun Valley , Idaho, Willow, Angel City
Read previewLast week, the ultrawealthy flocked to Idaho for Allen & Co.'s annual Sun Valley Conference. Pops of red and the classic tech-bro vest were in at Sun Valley 2024, but the weekend's standout style trend was a smaller accessory: tinted sunglasses. AdvertisementColorful sunglasses were the hit accessory of Sun Valley 2024Oprah Winfrey and Gayle King at the Sun Valley Conference 2024. Diane von Furstenberg and Barry Diller at the Sun Valley Conference 2024. Lauren Sánchez and Jeff Bezos at the Sun Valley Conference 2024.
Persons: , Oprah Winfrey, Gayle King, Kevork Djansezian, you'll, Winfrey, Diane von Furstenberg, Barry Diller, Brian Grazer, Jeff Bezos, Lauren Sánchez, Kim Appelt, Appelt, Justin Bieber's, Pattie Mallette, Holly, you've, Holly Sharma, Linda Farrow, Gucci, Linda Farrow's, Kadri Organizations: Service, Allen & Co, Sun Valley Conference, Business, Sun, Valley Conference Locations: Idaho, Sun
Execs and celebs headed to the Sun Valley Conference this week, giving us a look into their style. The conference, known as 'summer camp for billionaires,' typically has a casual dress code. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEvery July, executives in tech, media, and finance flock to the small resort town of Sun Valley, Idaho, for the Allen & Co. Sun Valley Forum — aka "summer camp for billionaires." Attendees usually adhere to a simple dress code of t-shirts, vests, and athleisure for conference sessions in between the rounds of golf, schmoozing, and dealmaking.
Persons: Organizations: Sun, Service, Allen, Co, Business Locations: Sun Valley , Idaho
"We've had a tremendous amount of interest [from private equity firms], and we believe this could make sense for us in a limited fashion, probably no more than 10% of a team. The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an exclusive CNBC interview Thursday. "I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." Private equity incentives around reaching investment targets and exit thresholds could alter the motivations for ownership in ways that make the bigger sports leagues uncomfortable. Private equity firms, tasked with finding investment vehicles to make returns on their assets under management, may be better suited to minority ownership.
Persons: Roger Goodell, Goodell, CNBC's Julia Boorstin, We've, Josh Harris, Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, They're, Ted Leonsis, You'll Organizations: National Football League, Allen & Company Sun Valley, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, NFL, Allen & Co, Sun Valley Conference, CNBC, Apollo Global Management, Washington, Summit, Washington , D.C, NBA, Blackstone Group, Philadelphia 76ers, New Jersey Devils, Women's Soccer League, Washington Capitals, Wizards, Mystics, ESPN Locations: Sun Valley , Idaho, Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarner Bros. Discovery CEO David Zaslav talks sports streaming bundle 'Venu'CNBC's Julia Boorstin talks what she is hearing from top media execs at the Allen & Co. Sun Valley Conference kicks off.
Persons: David Zaslav, Julia Boorstin Organizations: Warner Bros, Discovery, Allen, Co, Sun Valley Conference
The Allen & Co. Sun Valley Conference draws the ultrawealthy to Idaho for a weeklong retreat. & Co. draws the ultrawealthy to Idaho for a weeklong retreat. The event allows business leaders to connect — and potentially strike some deals. AdvertisementInvestment firm Allen & Co.'s Sun Valley Conference is again drawing in the world's ultra-wealthy for a weeklong retreat in the idyllic Idaho wilderness from July 9 to July 13. This story is available exclusively to Business Insider subscribers.
Persons: Sam Altman, Shari Redstone, Bob Iger, Organizations: Allen, Co, Sun Valley Conference, Disney, Service, Investment, Sun, Conference, Business Locations: Idaho
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWBD CEO David Zaslav: Over the next year or two we're going to see more media consolidationCNBC's Julia Boorstin talks what she is hearing from top media execs at the Allen & Co. Sun Valley Conference kicks off.
Persons: David Zaslav, Julia Boorstin Organizations: Allen, Co, Sun Valley Conference
Billionaires and business moguls are touching down in Sun Valley for the Allen & Company conference. The annual event, known as 'summer camp for billionaires,' draws the biggest names in tech and media. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe annual cacophony over Sun Valley, Idaho, has officially begun as billionaires and business moguls descend to coopt the small town — population: 1,783 — for the annual Allen & Company Sun Valley Conference.
Persons: , Jeff Bezos Organizations: Allen & Company, Service, Allen & Company Sun Valley Conference, Washington Post, ABC, Disney Locations: Sun Valley, Sun Valley , Idaho, Sun
In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.
Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta
In a letter to staff, McCarthy said the company needed to implement layoffs because it wouldn't be able to generate sustainable free cash flow with its current cost structure. "Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo. McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is. The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter.
Persons: Barry McCarthy, McCarthy, Karen Boone, Chris Bruzzo, Jay Hoag, It's, John Foley, hasn't, Goldman Sachs, Boone, Barry, Bruzzo, , hadn't, Creditsafe, it's, Foley Organizations: Interactive, Allen & Company Sun Valley Conference, Spotify, Netflix, JPMorgan, LSEG, outperformance, CNBC Locations: Sun Valley , Idaho, lockstep
David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after joining Viacom in 1997, until he became CEO of the company in 2016. Following the merger of Viacom and CBS, he became CEO of the combined company in 2019, which was later renamed as Paramount Global. Paramount will now be led by CBS president and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. Paramount said it added 3.7 million Paramount+ subscribers during the quarter, bringing the total to 71 million.
Persons: Bob Bakish, David A, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Naveen Chopra, Chopra, LSEG, Bob Marley Organizations: Viacom, Allen & Company Sun Valley Conference, Grogan, CNBC Paramount Global, Skydance Media, CBS, Paramount Global, Paramount, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon, LSEG, Super, BET, MTV, NFL, TV Media, Hollywood Locations: Sun Valley , Idaho
The decision to remove Bakish as CEO comes as Paramount Global closes in on a merger agreement with Skydance Media. A number of large common shareholders, including Gamco Investors, Ariel Investments, Matrix and Aspen Sky Trust have publicly criticized the deal, arguing it destroys value for common shareholders. Paramount Global shares jumped about 5% in premarket trading Monday. Typically, Paramount Global shareholders, such as Gabelli, would compare an offer to the standalone company's prospects — hence his comments about not seeing a sale at all. But by removing Bakish, Redstone and the Paramount Global board are now throwing the status quo into chaos.
Persons: Bob Bakish, CNBC's David Faber, Shari Redstone, David A, Skydance, Mario Gabelli, That's, , Bakish Organizations: Paramount, CNBC, Paramount Global, Skydance Media, Gamco Investors, Ariel Investments, Aspen Sky Trust, National Amusements, Allen & Company Sun Valley, Grogan, Amusements, New York Post, Bloomberg, Street Journal, Skydance, Apollo Global, Sony, New York Times, Apollo, Foreign Investment, U.S, Communications, Charter Locations: Sun Valley , Idaho, U.S, United States
Insider Today: 'Stopover' travel hack
  + stars: | 2024-04-27 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One 38-year-old woman told Business Insider that instead of skipping treats, she lost 140 pounds in two years by eating more high-protein foods. On the agenda:This story is available exclusively to Business Insider subscribers. "We're Here": In this wholesome Max series, famous drag queens travel to small-town America where they give out makeovers. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , Anneta, Jeff Bezos, Eduardo Parra, Nick Goldson, Tyler Le, she's, Jenny Chang, Rodriguez, Brad Gilbert, Zendaya, Megan Tjelle, Tjelle, messier, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Washington Post, Allen & Company Sun Valley Conference, That's, Soho House, Madrid Airport, Europa Press, Getty, Warner Bros, Hulu, Netflix Locations: Hailey , Idaho, Cecconi's, West Hollywood, Madrid, Chicago, Chilean, America, New York
That would mark a milestone for the company, which launched Disney+ on Nov. 12, 2019. It would be the first time Disney showed it can make money from Disney+, Hulu and ESPN+. Disney will need to sustain and grow streaming profit to justify Iger's five-year-old strategy to go "all in" on the segment. Disney has already offered ESPN+, a sports streaming service that has some but not all of ESPN's content. Trian Partners' Nelson Peltz, who failed to join Disney's board Wednesday after securing just 31% of the vote, publicly questioned what he has called Disney's "woke" content strategy.
Persons: Bob Iger, Sun Valley , Idaho David A, Iger, Disney, they've, Cowen, Doug Creutz, Needham, Laura Martin, Gabby Jones, David Greenbaum, Sean Bailey, Alan Bergman, Indiana Jones, Nelson Peltz, Peltz, shouldn't, Bob Chapek, He'll, Bergman, Jimmy Pitaro, Josh D'Amaro, Dana Walden, They've, Cowen's, you've, That's, it's, — CNBC's Sarah Whitten, Needman's Martin Organizations: Disney, Allen & Company Sun Valley Conference, Grogan, CNBC Disney, Disney Disney, Hulu, ESPN, Co, Warner Bros . Discovery, Fox, CNBC, Athletic, Bloomberg, Getty, Marvel, Star Wars, Searchlight, Walt Disney Motion, Disney Entertainment, Century Fox, Sony, Disney's Marvel Studios, Trian Partners, Financial Times, Resorts, Iger Locations: Sun Valley , Idaho, Brooklyn , New York, Iger, Parks, Disney
Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.
Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Rupert Murdoch is being deposed Tuesday as part of the $2.7 billion defamation lawsuit filed against Fox Corp. by the voting technology company Smartmatic, a source familiar with the matter told CNBC. It is the second time this year that Murdoch, 92, has been deposed in a high-stakes defamation lawsuit accusing Fox News of airing damaging lies about the 2020 U.S. presidential election. Fox paid $787.5 million to settle Dominion's lawsuit, nearly half of the $1.6 billion figure initially demanded by the voting company. Murdoch officially stepped down as chairman of Fox and News Corp. earlier this month, putting his son Lachlan in charge of both.
Persons: Rupert Murdoch, Murdoch, Donald Trump, Fox, Joe Biden, Maria Bartiromo, Jeanine Pirro, Lou Dobbs, Rudy Giuliani, Sidney Powell, Lachlan, Brian Nick, CNBC's Organizations: News Corp, Century Fox, Allen & Company Sun Valley Conference, Fox Corp, CNBC, Fox News, Dominion Voting Systems, Fox, Trump, New York Supreme Locations: Sun Valley , Idaho, Los Angeles, New York, York
Sam Altman, CEO of OpenAI, speaks to the media as he arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho. Some, like ex-OpenAI CEO Sam Altman, believe in taking it to an extreme — and that's when they turn from inspiring to frightening, says a leadership expert. "The most successful people I know believe in themselves almost to the point of delusion." Altman is "far from the first entrepreneur to have endorsed the idea that you have to believe in yourself, above all else" to succeed, says Moore. In his blog post, titled "How To Be Successful," Altman cited billionaire Elon Musk's "absolute certainty" that SpaceX could soon send a rocket to Mars as the "benchmark for what conviction looks like."
Persons: Sam Altman, Don Moore, Berkeley's, Altman, Moore, Elon Musk's, Musk Organizations: OpenAI, Allen & Company Sun Valley Conference, University of California, Berkeley's Haas School of Business, CNBC, Microsoft, SpaceX Locations: Sun Valley , Idaho, OpenAI, Mars
Private jets are seen on the tarmac at Friedman Memorial Airport ahead of the Allen & Company Sun Valley Conference, July 5, 2022 in Sun Valley, Idaho. The world's richest 1% of people are responsible for around the same percentage of global carbon emissions as the 5 billion people who represent the 66% poorest, according to a report published Monday by Oxfam. The charity's analysis, conducted with the Stockholm Environment Institute, found both groups contributed to 16% of emissions in 2019. The wealthiest 10% were responsible for 50% of global emissions, it found, while the bottom 50% were responsible for just 8%. Within the top 1%, the report links one-third of the carbon emissions to personal consumption in the U.S., followed by China and the Gulf countries.
Organizations: Friedman, Allen & Company Sun Valley Conference, Oxfam, Stockholm Environment Institute, SEI Locations: Sun Valley , Idaho, Stockholm, U.S, China
Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.
Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S
This means pressure is on for CEO Bob Iger to turn the company's stock around. AdvertisementAdvertisementThe pressure knob for Bob Iger just got turned a little higher. AdvertisementAdvertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time. Since Disney's stock price peaked for the year in February at about $113 per share, it's fallen more than 25% to about $84 per share. AdvertisementAdvertisementABC and Disney's other linear networks, like FX and The Disney Channel, could be among the first to go.
Persons: Nelson Peltz, Bob Iger, , Iger's, Peltz, Peltz's, he's, Peltz hasn't, Iger, Dan Ives, Apple hasn't, what's, Peter Csathy Organizations: Disney, ABC, ESPN, Service, Fund Management, Street Journal, CNBC, FX, Sun, Apple, Wedbush Securities
But, the announcements, which included a new iPhone 15 and an Apple Watch refresh, further strengthened the company's best-in-class ecosystem. New iPhone features Apple unveiled the iPhone 15 and iPhone 15 Plus, complete with USB-C charging instead of the propriety lightning port, starting at $799 and $899, respectively. The iPhone 15 Pro starting at $999 was unchanged from the previous model as well. The iPhone 15 Pro can capture special videos, providing for enhanced viewing on the upcoming Vision Pro mixed reality headset. The new Apple Watch models have more a powerful silicon chip as well, which allows for smoother graphics and more processing power.
Persons: Jim Cramer, Jim, Max —, Apple, Max, Tim Cook, Jim Cramer's, Apple Tim Cook, Kevin Dietsch Organizations: Apple, Vision, Apple Watch, CNBC, Allen & Company Sun Valley, Getty Locations: Cupertino , California, China, Tuesday's, Sun Valley , Idaho
Insider Today: Automating away CEOs
  + stars: | 2023-09-11 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
Today is always a difficult day, particularly here in New York, as we remember the innocent lives lost 22 years ago. But the group that seems immune to those concerns — CEOs — is primed for being usurped by robots, writes Ed Zitron. Ed's argument is straightforward: CEOs get paid a lot despite not providing much value for their companies. For all the talk of CEOs being transformational leaders full of business ingenuity, many are nothing more than figureheads. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Rick Rescorla, Morgan Stanley, Rescorla, — Dan DeFrancesco, Arantza Pena Popo, , Ed Zitron, Ed, they're, STAN HONDA, Bill Ackman, foresees, Elon Musk's, Sam Altman, Kevin Dietsch, Ryan Petersen, Flexport's, Apple's, Microsoft's, Chris Williams, he's, Joe Biden, Damar Hamlin, Joe's, Wilson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, TED, LinkedIn, nab, Bank, America, Wynn Resorts, Broadcom, Sun, Pentagon, & Museum, The New York Jets, Buffalo Bills, Bills, Oracle, Bovis Homes Locations: Wall, Silicon, New York, China, Alaska, Savanna, New York City, San Diego, London
Here's how the company did:Earnings: $2.12 per share, adjusted, vs. $1.90 per share as expected by analysts, according to Refinitiv. $2.12 per share, adjusted, vs. $1.90 per share as expected by analysts, according to Refinitiv. For the current quarter, Salesforce called for $2.05 to $2.06 in adjusted earnings per share on $8.7 billion to $8.72 billion in revenue. Analysts polled by Refinitiv had expected adjusted earnings of $1.83 per share and $8.66 billion in sales. It now sees $8.04 to $8.06 in adjusted earnings per share on $34.7 billion to $34.8 billion in revenue, implying 11% revenue growth.
Persons: Marc Benioff, Salesforce, Amy Weaver, Weaver, Refinitiv Organizations: Allen & Company Sun Valley Locations: Sun Valley , Idaho, Refinitiv, U.S
We have waited for Estee Lauder (EL), too. Estee Lauder is a huge employer in China and a favored one. Estee Lauder remains a great answer for them. Disney and Estee Lauder are battles and we have waited until our adversaries seem spent and the time is right. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jeff Marks, we've, that's, Estee Lauder, , Bob Iger, Estee's Fabrizio Freda —, Iger, Freda, Xi, Gina Raimondo, Monday, Wang Wentao, Lauder, It's, Jim Cramer's, Jim Cramer, Jim, Disney Bob Iger, Kevin Dietsch Organizations: Disney, ESPN, Hulu, NBC, Comcast, DIS, Fox, Netflix, Apple, Federal Trade Commission, Paramount, Warner Brothers Discovery, Hollywood, United State, Cosmetics, U.S, Commerce, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley Conference, Getty Locations: Hulu —, China, United, Hainan, South Korea, Iger, Sun Valley , Idaho
Disney heiress Abigail Disney has some criticisms of Bob Iger's handling of her family's business. She told Fortune he's "a basically decent person" but "money and power have hijacked his sensibilities." Abigail Disney has some thoughts on Bob Iger's leadership of her family's company. The 63-year-old film producer, who is the grand-niece of Walt Disney, addressed Disney CEO Iger's controversial remarks about the ongoing strikes in Hollywood in a Fortune interview published Tuesday. "I think Bob is a basically decent person, but I think money and power have hijacked his sensibilities," Abigail Disney told Fortune.
Persons: Abigail Disney, Bob Iger's, Fortune he's, Walt Disney, Iger's, Fortune, Iger, we've, We've, we're, it's, Fran Drescher, Drescher, Variety, Bob, Bob Chapek, he'd, Kara Swisher, I'm Organizations: Disney, Writers Guild of America, SAG, CNBC, Sun Valley Conference, Walt Disney Company Locations: Hollywood
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