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Luxury real-estate YouTuber Enes Yilmazer and his team spent four days on Tommy Hilfiger's yacht. The vessel's called Flag and is on sale with Burgess for $46 million. Enes YilmazerThe group toured the yacht and interviewed Tommy and Dee Hilfiger while on the trip in the Bahamas last month. The yacht is 62 meters (203 feet) long and 10 meters wide. It was built in 2000 by Feadship and has 7 state bedrooms, 6 state guest rooms, and an owner's suite.
These books cover real estate and investing, business, personal development, and leadership. Intrigued by real-estate investing, Rivers took the plunge and bought his first real-estate investment property in 2019. In a recent interview, Rivers shared the 10 books — spanning topics such as business, investing, and personal development — that helped him scale his portfolio quickly. "What It Takes" by Stephen A. SchwarzmanThis book, written by the billionaire investor and Blackstone CEO Stephen A. Schwarzman, is one of Rivers' personal favorites. While much of the focus for entrepreneurs is on building a business, Rivers said understanding how to sell a business was just as important.
Disney's Bob Iger escalated the conflict between the company and Florida's Ron DeSantis on Wednesday. It's the latest move in a feud that began last year over Florida's "Don't Say Gay" bill. Buckle up for a roller coaster ride, because the feud between Disney's CEO Bob Iger and Florida's Ron DeSantis just got bumpier. This is the latest — and most drastic — move in the clash between DeSantis and Iger, who inherited the battle with Disney from his predecessor Bob Chapek. Spokespeople for both Disney and DeSantis declined to give any additional comment.
Disney is starting the second round of its planned cuts on Monday, with divisions like ESPN getting hit, the company confirmed to Insider. Disney told The Wall Street Journal that several thousand employees would lose their jobs this week at divisions across the company, spanning from entertainment to theme parks. Disney does not expect hourly frontline operations roles at its parks and resorts to be impacted, the company told Insider. "When [Iger] was last at the helm, money was practically free," Mike Bloxham, EVP global media and entertainment at consultants Magid, previously told Insider. The company also created a new finance team pulling together staff from Disney Entertainment and ESPN, Insider reported Friday.
Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed. Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part of a larger reorganization of the company that will see it cut costs by $5.5 billion. Disney notified employees of a first wave of layoffs on March 27, which saw cuts in its metaverse strategies unit and part of its Beijing office. The second round, which will be completed Thursday, will affect various divisions across the company, including Disney Entertainment and ESPN, as well as Disney Parks, Experiences and Products. Disney has previously said it doesn't expect layoffs to affect its hourly workers at its parks and resorts.
Disney's chief financial officer, Christine McCarthy, named a new finance team pulling together staff from both Disney Entertainment and ESPN. McCarthy shared the details with staff this week, naming Bryan Castellani as the new chief financial officer of Disney Entertainment and ESPN. Under Castellani, Lukas Wickart will continue to oversee finance for direct-to-consumer streaming business Disney+, ESPN+, Hulu, and Star. Karen Sack will oversee finance for our entertainment television businesses, including TV studios and ABC News finance, marketing, and networks planning. Jeff Grenn will oversee segment consolidation for Disney Entertainment, and finance in support of Aaron LaBerge's technology organization across Disney Entertainment and ESPN.
These books cover real estate and investing, business, personal development, and leadership. Intrigued by real estate investing, in 2019 Rivers decided to take the plunge and buy his first real estate investment property. In a recent interview with Insider, Rivers recalled only making $28,000 during his first year of selling real estate. It taught him the expectations to set for his employees while he was building up his full-service real estate firm, Rivers Capital Group. While much of the focus for entrepreneurs is on building a business, Rivers believes that selling a business is just as important.
Disney CEO Bob Iger says there's a way for Ron DeSantis to settle his feud with Disney: Talk it out. Iger told Time he'd be happy to sit down with DeSantis to hash out their disagreements. "I do not view this as a going-to-mattresses situation for us," Iger told Time. Ron DeSantis to end his increasingly acrimonious feud with Disney: Come to the negotiating table and hash it out. On April 3, Iger said DeSantis' attempt to strip Disney of its tax status is "anti-business" and "anti-Florida."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's same-store growth will accelerate past internal estimates: UBS' GeigerDennis Geiger, UBS analyst, joins 'Power Lunch' to discuss Geiger's thoughts on McDonald's, the company's decision to layoff employees and more.
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.
When Iger returned as CEO of Disney back in November 2022 , he promised to implement cost reductions and clean up the House of Mouse. Disney ditches metaverse The news: CNBC confirmed on Tuesday that Disney is getting rid of a small division focused on deploying metaverse initiatives. Disney's metaverse layoffs are part of Iger's broader corporate restructuring plan. Under Iger, Disney bought Marvel from Perlmutter in 2009 in a $4 billion deal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
"Franchise names, doing well, undervalued in the portfolio," Jim said during the Club's Morning Meeting on Thursday. TJX 1Y mountain TJX Companies' 12-month stock performance. CAT 1Y mountain Caterpillar's 12-month stock performance. SBUX 1Y mountain Starbucks' 12-month stock performance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
What Disney laying off Ike Perlmutter suggests
  + stars: | 2023-03-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Disney laying off Ike Perlmutter suggestsNew York Times reporter James Stewart joins 'Closing Bell' to discuss Bob Iger's return to Disney, and laying off Ike Perlmutter, chairman of Marvel Entertainment.
Cuts at Disney's ABC News are coming before the end of the week, according to sources. Disney firings are expected to affect its ABC News division this week, according to two company insiders familiar with the situation. TV production and acquisition execs at Hulu, Freeform, and 20th Television were also impacted, according to a report in Deadline. Leaders will be communicating the news directly to the first group of impacted employees over the next four days. I want to thank each of you again for all your many achievements here at The Walt Disney Company.
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. But importantly, the chipmaker has joined Apple in rarified air, becoming an "own it, don't trade it" stock for the Club. The company's business can withstand an economic slowdown and benefits from a weaker U.S. dollar because of its large international presence. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Disney cuts metaverse division under Iger's restructuring
  + stars: | 2023-03-28 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Disney is cutting its metaverse division as part of the layoffs set to begin this week, CNBC has confirmed. Disney, like most companies in 2021, hopped on the metaverse hype train after Facebook changed its name to Meta and outlined bold claims to create a new digital world. Chapek told employees in a memo at the time that White's task was "connecting the physical and digital worlds" for Disney entertainment. The cuts in the metaverse division were first reported by The Wall Street Journal. The job cuts will be cross-company, hitting Disney's media and distribution division, parks and resorts, and ESPN.
Donziger's lawyers argued that this appointment violated separation-of-powers principles set out in the Constitution delineating the authority of the three branches of the U.S. government. In 2011, an Ecuadorian court entered an $18 billion judgment that was later reduced to $9.5 billion against Chevron for contamination resulting from oil production. In 2014, Kaplan concluded in that case that the Ecuadorian judgment against Chevron in Ecuador was obtained fraudulently through a corrupt process, rendering it unenforceable in the United States. When Chevron suspected Donziger was violating a related ban on trying to monetize or profit from the judgment, Kaplan ordered him to turn over electronic devices and email accounts for examination. After federal prosecutors in Manhattan declined to take the case, Kaplan in an unusual move tapped a private lawyer, Rita Glavin, to lead the prosecution of Donziger.
Meanwhile, analysts who cover Caterpillar (CAT) put out fresh research that cuts against our own thinking, and layoffs will soon begin at Disney (DIS). The Salesforce co-founder echoed the we-can-learn-from-everybody philosophy he laid out on March 1 in an interview with Jim Cramer. Salesforce shares, which rose modestly Monday, has surged more than 44% this year, the third-best performing Club stock behind Nvidia (NVDA) and Meta Platforms (META). Baird turns bearish on CAT CAT 1Y mountain Caterpillar's 12-month stock performance. "It's very hard to get in and out of CAT," Jim said Monday.
Disney will begin layoffs this week, the first of three rounds before the beginning of the summer that result in about 7,000 job cuts, according to a memo sent by Chief Executive Bob Iger. "This week, we begin notifying employees whose positions are impacted by the company's workforce reductions," Iger wrote in the memo, which was obtained by CNBC. "Leaders will be communicating the news directly to the first group of impacted employees over the next four days. This week, we begin notifying employees whose positions are impacted by the company's workforce reductions. I want to thank each of you again for all your many achievements here at The Walt Disney Company.
Bob Iger is on a push for profitability at Disney and announced plans to cut 7,000 positions. Managers must identify candidates for layoffs by April, according to a source close to Disney. Disney bean counters have been looking carefully across the company in an attempt to find redundancies and eliminate executives where they can. Earlier this month, Disney announced that top human resources executive Paul Richardson would exit. In February Iger announced a restructure of Disney into three divisions: Entertainment, ESPN, and Parks, Experiences and Products.
Dubois was kidnapped in Mali in 2021, while Woodke was kidnapped in neighbouring Niger in 2016. "After several months of efforts, Nigerien authorities obtained the liberation of the two hostages from the hands of (JNIM), an active terrorist group in West Africa and the Sahel," Niger's interior minister Hamadou Adamou Souley told journalists at the airport, flanked by the two men. French President Emmanuel Macron thanked Niger for its help in securing the Dubois's release. "I’m gratified & relieved to see the release of U.S. hostage Jeff Woodke after over 6 years in captivity," Sullivan said on Twitter. Those groups have repeatedly declared French citizens in West Africa to be targets since a 2013 military intervention by France drove them back a year earlier.
Bob Iger is on a push for profitability at Disney and announced plans to cut 7,000 positions. Layoffs will impact about 4,000 employees, with the rest of the cuts coming from open roles. Disney bean counters have been looking carefully across the company in an attempt to find redundancies and eliminate executives where they can. Disney Chief Financial Officer Christine McCarthy told investors on the earnings call that the company has targeted cost savings of $5.5 billion. In February Iger announced a restructure of Disney into three divisions: Entertainment, ESPN, and Parks, Experiences and Products.
Former Tiger Global partner John Curtius offered to mortgage his house during the SVB crisis. Curtius offered founders interest-free loans to help them meet payroll before depositors were guaranteed. Former Tiger Global partner John Curtius offered to mortgage his home to help portfolio founders meet payroll at the height of the Silicon Valley Bank crisis, according to a leaked email seen by Insider. The investor didn't give further detail about the mortgage or his house on the email seen by Insider. Since leaving the New York-based hedge fund, Curtius has spent time trying to secure capital for his new fund Cedar Investment Management.
Blinken brings aid and praise to Niger as it battles insurgents
  + stars: | 2023-03-16 | by ( ) www.reuters.com   time to read: +3 min
Blinken's visit to Niger, the first by a U.S. Secretary of State, signals its importance as a U.S. ally in the Sahel, a senior State Department official told reporters travelling with Blinken. Landlocked Niger and other countries in the Sahel, including its neighbours Mali, Burkina Faso, Nigeria and Chad, are all struggling to repel Islamist insurgents who in some cases have seized control of swathes of territory. The official praised Niger's President Mohamed Bazoum for opposing military coups in Mali and Burkina Faso and for consulting the parliament over security issues rather than deciding alone. Ghana has asserted that Burkina Faso has also hired Wagner mercenaries. "They use a lot of misinformation and disinformation to besmirch the French, I think, and the traditional French security partnership."
NIAMEY, March 16 (Reuters) - U.S. Secretary of State Antony Blinken announced $150 million in new humanitarian aid for Africa's Sahel region during a visit on Thursday to Niger, a country Washington views as an important ally in the fight against Islamist insurgencies. Landlocked Niger and its neighbors Mali, Burkina Faso, Nigeria and Chad are all struggling to repel Islamist insurgents who have killed thousands of people, displaced millions more and in some cases seized control of vast swathes of territory. "They're making the right choices, we think, to help deal with the kind of threats that are common across the Sahel. Blinken said the use of Russian mercenaries had not proven an effective response to insecurity. Ghana has asserted that Burkina Faso has also hired Wagner mercenaries.
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