Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Iger's"


25 mentions found


In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney board reached out to Iger on Friday, did not seriously consider other candidates: SourcesCNBC's David Faber joins 'Squawk Box' to break down the details of Bob Iger's return to Disney as CEO.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's Jim Cramer and David Faber trade notes on Bob Iger's return to DisneyCNBC's Jim Cramer and David Faber discuss their reporting surrounding Bob Iger's return to lead Disney "effective immediately," replacing CEO Bob Chapek.
Bob Iger, who led Disney for 15 years, was abruptly reinstated as CEO on Sunday. For each year Iger serves as CEO, he "will be granted a long-term incentive award having a target value of $25 million," according to the filing. Iger, who led Disney as its CEO for 15 years, was routinely one of Hollywood's top-paid executives. In 2019, his last full year as CEO, Iger earned $47.5 million: $3 million in salary, a $21.8 million bonus, $10 million worth of stock awards, and $9.6 million worth of stock options. Chapek could be walking away with at least $23.4 million, according to Bloomberg.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the CNBC ‘Halftime Report’ investment committee weigh in on Iger's return as Disney CEOCNBC’s ‘Halftime Report’ investment committee, Kari Firestone, Josh Brown, Joe Terranova and Jim Lebenthal discuss the Disney board’s decision to replace CEO Bob Chapek with former CEO Bob Iger and how it impacts the stock.
Disney stock rose as much as 10% on Monday after Bob Iger's shock return as CEO. Iger will replace Bob Chapek, who was ousted as CEO, while working the company looks for a successor. Chapek was dismissed after Disney posted dismal quarterly earnings and a $1.5 billion loss. "The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period," said Susan Arnold, Disney board chairman, in a statement. After the earnings report, Chapek said in an internal memo that Disney was planning hiring freezes and job cuts, CNBC reported.
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Valuations are less demanding than several months ago, which is probably fair for the average stock but fuller at the index level thanks to still-rich megacaps. Treasurys rising again at the longer end, sinking the yield curve further, while the dollar rebounds a bit — both risk-averse actions. The current economic activity levels are not observably recessionary, but the yield curve and its historical record of preceding recessions is in investors' head. Here is the enterprise value-to-forward-cash-flow ratios of Disney vs. Netflix .
Iger has committed to serve two years as CEO and agreed to help the board develop his eventual replacement, according to Disney. The Club's take Iger will be the steady hand Disney needs in this critical moment. 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. Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC
Wall Street has increased its pressure on companies to get more efficient amid the ongoing stock market decline. Bob Iger's abrupt return to Disney as CEO this week is the latest example that investors are calling the shots. Corporate titans like Meta's Mark Zuckerberg and Alphabet's Sundar Pichai have not been immune to the pressure from Wall Street. Now, Disney is facing new pressure from Trian Fund Management's Nelson Peltz, according to the Wall Street Journal. These are three other companies that have faced pressure from investors recently as their stock prices suffer.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer says he's bullish on Disney after Iger's return as CEOCramer on Monday gave his thoughts on Disney after the company's leadership shake-up.
Former Disney CEO Bob Iger is back in his old job, in a move that shocked the media world. From cost cuts to streaming to a solid future succession plan, here's what they hope the CEO will tackle. Following the stunning announcement late Sunday night that former Disney CEO Bob Iger would be returning to his old job, the happiest place on earth might actually be Wall Street. "What I like about Bob Iger is Bob Iger has always been direct, he's been honest, he's been willing to make tough choices," Michael Nathanson, a senior research analyst and co-founder of the firm, said in a CNBC interview on Monday. Are you a Disney insider with insight to share about Bob Iger's return?
Netflix co-CEO Reed Hastings tweeted his reaction to the news that Bob Iger returned to Disney. Hastings wrote that he had been hoping Iger would run for US president. Iger mulled running for president in the past, but has since said it was "a little bit too idealistic." I had been hoping Iger would run for President," Hastings tweeted out late Sunday night in reaction to the news. Looking back at his political aspirations, Iger told Variety during a 2021 interview that he was and was "really naive" about his leadership abilities and chances of winning.
Wall Street analysts broadly approved of Bob Iger's return to Disney . MoffettNathanson's Michael Nathanson upgraded Disney to outperform from market perform, and raised his price target, on the news of Iger's return. His $120 price target represents roughly 30.7% upside from Friday's closing price of $91.80. Iger's return comes less than a year after Bob Chapek took the reins as chief executive. Meanwhile, Wells Fargo's Steven Cahall said Iger's return is a "positive surprise," as it is viewed by investors as a catalyst for the stock.
Disney , in a shocking late Sunday announcement, said it had re-appointed Iger as chief executive, effective immediately, after Iger's handpicked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant. Iger will help the company's board develop a new successor, Disney said in a release. Chapek was named chief executive in February 2020, succeeding Iger, who had previously said he wouldn't return to the role. Iger, who held the CEO role for 15 years at Disney, had favored Chapek as his successor. Chapek distanced himself from Iger with a series of decisions, including his new approach to streaming prices for Disney+, Hulu and ESPN+.
Bob Iger is returning to Disney as CEO, ending the rocky tenure of his successor, Bob Chapek. This person said the board realized its chief executive simply wasn't up to the job after the high-level company executives shared their frustrations. "Bob Iger is one of the top executives of the last decade. Daniel and a handful of other top executives are expected to find out their fate in the next 24 hours, said the senior Disney Insider. "I'm really happy pleased that Bob Iger has accepted this has decided to come back at a critical time for the company," the senior Disney insider said.
Analysts expect Iger to make major changes to ESPN's broadcasting strategy for live sports. Bob Iger has been reinstated as the CEO of the Walt Disney Company, replacing Bob Chapek after less than three years at the helm. Iger's return has boosted Disney's stock price by 6% in the past day with experts predicting major strategic changes within the company. The cost of these rights deals have also continued to shoot up amid the transition from linear TV to direct-to-consumer services. It actually strengthens the brand of ESPN when you have a betting component, and it has no impact on the Disney brand."
US stocks closed lower Monday with investors weighing China's economic outlook. New Covid-relates deaths in China raised fears that strict lockdowns would be reimposed and curb growth. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Disney stock gained as much as 9% on news that ousted Chief Executive Robert Chapek is being replaced by former CEO Bob Iger. Meanwhile, investors are looking ahead to a short week of trading on Wall Street, with markets closed on Thursday for the Thanksgiving holiday.
Futures decline as China COVID cases rise; Disney jumps
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +1 min
SummarySummary Companies Futures down: Dow 0.27%, S&P 0.55%, Nasdaq 0.74%Nov 21 (Reuters) - U.S. stock index futures declined on Monday as COVID-19 flare ups in China added to concerns about slowing growth, while Disney shares jumped as investors cheered Bob Iger's surprise comeback as chief executive. Walt Disney Co (DIS.N) leapt 8.1% higher in premarket trading as Iger's return less than a year after he retired coincided with the entertainment company's attempt to boost investor confidence and profits at its streaming media unit. Traders are placing a 19% bet on the Fed hiking its key benchmark rate by 75 basis points in the December policy meeting, with a peak for rates expected in June. ET, Dow e-minis were down 92 points, or 0.27%, S&P 500 e-minis were down 22 points, or 0.55%, and Nasdaq 100 e-minis were down 86.75 points, or 0.74%. Reporting by Shubham Batra; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Bob Chapek's tenure as Disney CEO abruptly ended, and Bob Iger will resume the role. A former Parks exec, Chapek angered many theme park fans by jacking up prices and axing free services. Chapek's time at Disney was marked by criticism of his handling of Disney's theme parks and park employees, and many Disney fans took to social media to celebrate Iger's return. He expanded the company's theme park offerings – opening an Avatar world, Toy Story Land, Star Wars: Galaxy's Edge, and Shanghai Disneyland – all while keeping many services comparatively low-cost or free. Not all Disney watchers believe Iger will radically change the direction Chapek had led Disney's theme parks, though.
Disney — Shares jumped 5% after the company reappointed Bob Iger as chief executive officer, effective immediately and 11 months after he left Disney. Carvana — Shares of the used car company slid 13% after Argus downgraded the stock to sell from hold. Energy stocks — Energy stocks were the biggest losers in the S&P 500 midday after oil prices fell to their lowest levels since early January following a Wall Street Journal report that Saudi Arabia and other OPEC oil producers are discussing an output increase. Still, Diamondback Energy and Halliburton fell 4% and 2.9%, respectively. Intel — Shares dipped more than 2% after Cowen downgraded Intel to market perform from outperform, according to StreetAccount.
Disney's plan to bring back Bob Iger as CEO came together in only a few days, a senior employee said. A top executive reached out to Iger about returning as CEO and the board agreed to the change. The board reached out to Iger on Friday, CNBC reported — just three days before the company announced that the former executive would immediately replace Bob Chapek as CEO. Over the past few months, several high level Disney executives told the board they were considering leaving under Chapek's leadership, the Disney exec told Insider. Read more on Bob Iger's return to Disney: A senior executive's outreach to the former chief followed months of complaints to the board about CEO Bob Chapek
Some Disney staffers thought the press release about Bob Iger's return was a scam, Variety reported. Iger, who led Disney from 2005 to 2020, was asked to come back to replace current CEO Bob Chapek. Disney stock is down nearly 40% so far this year, though it got a boost on news of Iger's return. The news of Iger's replacement of current Disney CEO Bob Chapek came around 6:45 p.m. Pacific Time, while some top Disney leaders were at a pre-show reception at Los Angeles's Dodger Stadium for Elton John's farewell show, according to Variety. Arnold added that Iger is "greatly admired by Disney employees worldwide."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEroding board confidence in Chapek led to Iger's return, says The Ankler's Janice MinJanice Min, CEO and editor-in-chief of The Ankler, and RBC's Kutgun Maral join 'Power Lunch' to discuss Bob Iger's return as CEO of Disney, top areas of focus for Disney's spending and how the stock is responding to Iger's news.
Insider's Bianca Chan and Carter Johnson dug into the most sought-after coding languages across Wall Street. C++, which was created in 1983, is still a mainstay despite being older than a good chunk of the people using it on Wall Street (and the person writing this newsletter). While that's certainly true, plenty of programming languages have sticking power. Perhaps the best example is COBOL, a 63-year-old programming language still being used today. But what would be a smart decision is reading this story mapping out the top programming languages for a variety of roles and industries across Wall Street.
Bob Iger's shocking return as Disney 's chief executive officer immediately throws into question several major decisions made by outgoing CEO Bob Chapek. Disney shares have fallen more than 40% this year, including slumping on weak fiscal fourth-quarter results earlier this month. The Disney board's choice to replace Chapek with Iger speaks to it having more confidence Iger will deliver better results. Given Iger's support for a three-pronged streaming strategy of Hulu, ESPN+ and Disney+, it's likely he would choose to do the same. WATCH: Bob Chapek and Bob Iger's strained relationship
Chase Coleman's Tiger Global Management continued to grow positions in software and Big Tech during the third quarter after a rough start to the year, according to securities filings. The fund also added significantly to several positions during the third quarter, including Alphabet , DataDog , Workday and Li Auto . Tiger has nearly $11 billion in long equity positions, according to a CNBC calculation. Tech stocks struggled again during the third quarter, with the iShares U.S. Technology ETF falling 8.2%. Tiger's notable exits during the quarter included ProCore Technologies , XPeng , Monday.com and 1Life Healthcare .
Total: 25