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☆ Bob Iger says Disney needs a reality check about box office success
▼ + stars: | 2023-11-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

"We got to the point where if a film didn't do a billion dollars in global box office, we were disappointed," he said. Iger also blamed Disney putting quantity before quality for its box office misses. In response to questions about the company's box office misses, the CEO said: "I'm not sure another studio will ever achieve some of the numbers that we achieved." Disney can claim 10 of the 20 highest-grossing films, each of which took more than $1 billion at the box office, per IMDb. However, the film's now made $383 million globally, per Box Office Mojo.

Persons: Bob Iger, Iger, —, That's, Indiana Jones, Bob Chapek, Iger's Organizations: Disney, Service, The New York Times, Summit, Netflix

☆ 'Squawk Box' crew react to Elon Musk's NYT DealBook Summit interview
▼ + stars: | 2023-11-30 | 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 Email'Squawk Box' crew react to Elon Musk's NYT DealBook Summit interviewCNBC's Andrew Ross Sorkin, Becky Quick and Joe Kernen discuss Elon Musk's interview at The New York Times DealBook Summit.

Persons: CNBC's Andrew Ross Sorkin, Becky Quick, Joe Kernen, Elon Musk's Organizations: Elon Musk's, The New York Times DealBook

☆ Fmr. SEC Chair Jay Clayton on trusting Elon Musk: At the end of the day, people want to work for him
▼ + stars: | 2023-11-30 | 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 EmailFmr. SEC Chair Jay Clayton on trusting Elon Musk: At the end of the day, people want to work for himFormer SEC Chairman Jay Clayton joins 'Squawk Box' to discuss Elon Musk's interview at The New York Times DealBook Summit, the role of government regulation, and more.

Persons: Jay Clayton, Elon Musk, Elon Musk's Organizations: SEC, The New York Times DealBook

☆ Elon Musk doubts he'll vote for Biden in 2024 – but that doesn't mean he's backing Trump
▼ + stars: | 2023-11-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Elon Musk hinted at his 2024 voting intentions in an interview at an event Wednesday. Musk claims that he's a centrist, but has increasingly supported rightwing politicians. AdvertisementElon Musk doubts he'll be voting for Joe Biden in the 2024 presidential election. "They held an electric vehicle summit at the White House and specifically refused to let Tesla attend," Musk said. Musk has increasingly supported rightwing candidates, offering his social media platform X to Ron DeSantis for his launch of his presidential run back in May.

Persons: Elon Musk, Joe Biden, he's, —, Elon, Biden, I'm, Andrew Ross Sorkin, Musk, Tesla, Nikki Haley, Vivek Ramaswamy, Barack Obama, Ron DeSantis Organizations: Service, The New York Times, Summit, Trump, Democrat, White, Washington Post Locations: Florida

☆ Elon Musk Uses ‘F’ Word for Advertisers Boycotting Platform
▼ + stars: | 2023-11-29 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Elon Musk appearing at the New York Times Dealbook Summit Wednesday in New York. Photo: Slaven Vlasic/Getty Images for The New York TimesElon Musk said that an advertising boycott over his posts that he said were misperceived as antisemitic would kill his social-media platform X, and that anyone trying to blackmail him over advertising money could “go f—yourself.”“If somebody’s going to try to blackmail me with advertising, blackmail me with money. Go f—- yourself,” Musk said during an interview at the New York Times ’ DealBook Summit on Wednesday.

Persons: Elon Musk, Slaven Vlasic, The New York Times Elon Musk, ” Musk Organizations: New York Times, The New York Times Locations: New York

☆ JPMorgan CEO Jamie Dimon: I'm not afraid of China, it's good for an American bank to be there
▼ + stars: | 2023-11-29 | 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 EmailJPMorgan CEO Jamie Dimon: I'm not afraid of China, it's good for an American bank to be thereJPMorgan Chase CEO Jamie Dimon joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss the role of business in the geopolitical sphere, state of U.S.-China relations, doing business in China, and more.

Persons: Jamie Dimon, I'm, Andrew Ross Sorkin Organizations: JPMorgan Chase, The New York Times Locations: China, American, U.S

☆ Elon Musk apologizes for antisemitic tweet but tells advertisers ‘go f**k yourself’
▼ + stars: | 2023-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, in his first interview with mainstream media since his antisemitic post on X earlier this month, apologized Wednesday for what he called his “dumbest” ever social media post. “I don’t want them to advertise,” he said at the New York Times DealBook Summit in New York. Musk made the remarks as the X CEO, Linda Yaccarino, sat in the audience. In a meandering conversation that lasted well over an hour, Musk also said he has no problem being hated. I’d love to help.”But in a separate conversation at the DealBook Summit, Herzog appeared uncertain that Musk would remain consistant in his messaging.

Persons: New York CNN — Elon, dumbest, ”, Bob, Bob Iger, Musk, Linda Yaccarino, Yaccarino, “, Elon Musk, it’s, White supremacists, I’ve, ” Musk, Benjamin Netanyahu, Isaac Herzog, Israel “ wasn’t, he’s, Netanyahu, Herzog, Sam Altman, Altman, “ I’m, OpenAI Organizations: New, New York CNN, New York Times DealBook, Disney, Elon, CNN, Paramount, Comcast, Lionsgate, Warner Bros, Israeli Locations: New York, Israel, Gaza, OpenAI

☆ JPMorgan CEO Jamie Dimon on 2024 election: Help Nikki Haley 'even if you're a very liberal Democrat'
▼ + stars: | 2023-11-29 | 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 EmailJPMorgan CEO Jamie Dimon on 2024 election: Help Nikki Haley 'even if you're a very liberal Democrat'JPMorgan Chase CEO Jamie Dimon joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss the 2024 presidential election, whether the business community should be speaking out on politics, why he's eager to help the U.S. president regardless of who's in the White House, and more.

Persons: Jamie Dimon, Nikki Haley, JPMorgan Chase, Andrew Ross Sorkin Organizations: Democrat, JPMorgan, The New York Times

☆ Jamie Dimon reveals what he would do as president: Tax people like Bill Ackman more
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Hedge-fund manager Bill Ackman asked JPMorgan CEO Jamie Dimon what he'd do if he were president. The CEO said he'd get rid of the carried interest loophole and increase the earned income tax credit. At the New York Times DealBook Summit this morning, audience member and hedge fund titan Bill Ackman asked JP Morgan CEO Jamie Dimon what he'd do if he were president. asked Ackman, who has previously called on Dimon to run for president. Despite votes of confidence from the likes of Ackman, Dimon has said that he won't run for president.

Persons: Bill Ackman, Jamie Dimon, he'd, —, Morgan, Ackman, Dimon, Robin Hood Organizations: Service, New York Times, Treasury, Democrats Locations: France

☆ Remember when Disney's Bob Iger floated selling ABC? Turns out, he was just testing the waters.
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Over the summer, Bob Iger seemed to hint that ABC and Disney's other networks were for sale. Since returning as CEO, Iger has turned his focus to streaming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "That was a means of my saying to Wall Street or the investment community that our heads were not in the sand about the challenges that those businesses were having," he said Wednesday. Perhaps Iger is once again testing the waters of the investment community.

Persons: Bob Iger, Iger, —, Disney, Byron Allen Organizations: Service, ABC, Disney, The New York Times, Summit, CNBC, Allen, Co, Nexstar Media Group, Allen Media Group, Geographic Locations: Sun Valley , Idaho

☆ FTC Chair Lina Khan defends her track record when it comes to blocking mergers and doesn't subscribe to Amazon Prime
▼ + stars: | 2023-11-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Federal Trade Commission Chair Lina Khan speaks during The New York Times annual DealBook Summit in New York City on Nov. 29, 2023. Under her leadership, Khan said the FTC has brought 11 cases against mergers, and in five instances, the companies abandoned their plans after the agency filed suit. The lawsuit was long anticipated, as Khan rose to prominence for her 2017 Yale Law Journal article, "Amazon's Antitrust Paradox." Amazon has disputed both of the FTC's lawsuits, calling them "wrong on the facts and the law." Asked why she hasn't subscribed to Prime, Khan replied, "I just haven't."

Persons: Lina Khan, Khan, would've, hasn't Organizations: Federal Trade, New York Times, The New York Times, Summit, FTC, Facebook, Microsoft, Activision, Amazon, Yale, Amazon's, CNBC PRO Locations: New York City

☆ UAW launches bid to organize Tesla and 'entire non-union auto sector' in US
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +6 min

Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The website asks Tesla workers to join, saying CEO "Elon Musk is the richest man in the world, with a net worth of $230 billion. The question is, will Tesla workers get their fair share?"

Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Elon Musk, Tesla, Harley Shaiken, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, New York Times, Honda, Subaru, Mazda, Volvo, University of California, White, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, America, Mississippi, Tennessee, Chattanooga , Tennessee, Berkeley, Georgetown , Kentucky, Washington

☆ An investing legend dies
▼ + stars: | 2023-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

AdvertisementIn today's big story, we're looking back on the life of investing legend Charlie Munger. What's on deck:But first, remembering Charlie Munger. AdvertisementCharlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. Despite being overshadowed by Buffett, Munger wasn't afraid to share his opinion. Speakers include Vice President Kamala Harris, President of Taiwan Tsai Ing-wen, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, and other major execs.

Persons: Charlie Munger, Charlie Munger Johannes Eisele, Berkshire Hathaway, Warren Buffett, Munger, I'm, Buffett, Munger's, they'd, Charles Platiau, Frederic J . Brown, Chelsea Jia Feng, Wall, Peacock, Kamala Harris, Taiwan Tsai Ing, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, Costco Monica Humphries, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Getty, Berkshire, Berkshire Hathaway, SevenSix Agency, Delta Air Lines, Toyota, Gucci, Google, Wall, Rockefeller, NBC, The New York Times, Taiwan, Costco Locations: Wisconsin, What's, AFP, California, Omaha, Omaha , Nebraska, Berkshire, Charles, Kensington, Chelsea, New York City, San Diego, London, New York

☆ Bob Iger: I was not seeking to return to Disney at all
▼ + stars: | 2023-11-29 | 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 EmailBob Iger: I was not seeking to return to Disney at allDisney CEO Bob Iger joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss his return to Disney and more.

Persons: Bob Iger, Andrew Ross Sorkin Organizations: Disney, The New York Times

☆ Elon Musk just used very foul language to tell X advertisers to go away
▼ + stars: | 2023-11-29 | by ( Lloyd Lee | Madeline Berg | ) www.businessinsider.com time to read: +3 min

Elon Musk was questioned about his antisemitic comments on X during the New York Times' DealBook Summit. Musk repeatedly said that advertisers can go "fuck" themselves. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk repeatedly told companies who pulled advertisements from his social media platform X to "go fuck yourself," during an interview for The New York Times DealBook Summit on Wednesday. Over the weekend, the New York Times reported that X may lose up to $75 million from the advertiser exodus.

Persons: Elon Musk, Musk, Bob Iger, —, Andrew Ross Sorkin, Elon, it's Tesla, Iger, Linda Yaccarino Organizations: New York Times, Disney, Service, The New York Times, Summit, SpaceX, ABC, ESPN, IBM, Apple, Lionsgate, Media

☆ Nvidia CEO: Senior executives don't need pampering, career guidance
▼ + stars: | 2023-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50 direct reports," in an interview with CNBC's Andrew Ross Sorkin on Wednesday. Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management. "The more direct reports a CEO has, the less layers are in the company. "The people that report to the CEO should require the least amount of pampering and so I don't think they need life advice. I don't think they need career guidance," Huang said.

Persons: Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Steve Jobs, Mark Zuckerberg Organizations: New York Times, Jazz, Lincoln Center, Nvidia, AMD Locations: New York City, China

☆ Three hours to guilty: How the government nailed Sam Bankman-Fried
▼ + stars: | 2023-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

David Dee Delgado | ReutersIn Sam Bankman-Fried's fraud trial, prosecutors won quickly by keeping it simple. "While the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time," Williams said. Sam Bankman-Fried's parents, seated to the left, react to the verdict. "Sam Bankman-Fried will be remembered as one of the biggest fraudsters of our lifetimes," Mariotti said. WATCH: Sam Bankman-Fried found guilty on all seven counts

Persons: Sam Bankman, David Dee Delgado, CNBC they'd, Yesha Yadav, Fried, Nicolas Roos, Danielle Sassoon, Crypto, Roos, Sassoon, Marc, Antoine Julliard, Renato Mariotti, who's, Bryan Cave Leighton Paisner, Damian Williams, Williams, Andrew Ross Sorkin, Sorkin, that's, It's, SBF, Mariotti, Paul Tuchmann, Wiggin, Dana, Tuchmann, Elizabeth Williams, Caroline Ellison, Bankman, Ellison, James Koutoulas, Koutoulas, Gary Wang, Nishad Singh, FTX coder Adam Yedidia, FTX's, Sun, Kevin J, O'Brien, Mark Cohen Organizations: FTX, Manhattan, Reuters, CNBC, Vanderbilt University ., U.S . Justice Department's Securities, Commodities, Southern, of, Prosecutors, Stanford, Alameda Research, New York Times DealBook, Washington , D.C, U.S, Justice Department, Trading Commission, Securities and Exchange Commission Locations: New York City, London, Chicago, U.S, of New York, Alameda, Washington ,, Bankman, New York

The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon . In a sweeping complaint unveiled Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its "monopoly power" to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, thereby undermining competition. David Zapolsky, Amazon's general counsel and senior vice president of global public policy, said in a statement that the FTC's complaint is "wrong on the facts and the law." The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox." Through her work at the FTC, Khan has sought to reset that framework and push the boundaries of antitrust law through risky legal battles.

Persons: Andy Jassy, David Zapolsky, Amazon's, Zapolsky, Lina Khan, Khan Organizations: New York Times DealBook, Jazz At Lincoln Center, Federal Trade Commission, Amazon, FTC, Yale Locations: New York City

☆ Facebook is getting rid of the News tab in Europe
▼ + stars: | 2023-09-05 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Facebook users in the U.K., France and Germany will no longer see a dedicated section for news articles starting in December. The company added that it plans to spend more time and money on short-form video, as best exemplified by its TikTok-like Reels product. News represents less than 3% of what people see in their Facebook feeds, Meta said. Meta debuted Facebook News in 2019, saying at the time that the product "was built to bring people closer to the stories that affect their lives." The decision to deprecate Facebook News is part of a broader move away from the news business.

Persons: Andrew Ross Sorkin, Mark Zuckerberg, Meta Organizations: Meta, New York Times DealBook, Jazz At Lincoln Center, Facebook Locations: New York City, France, Germany, Canada

☆ BlackRock has a 'responsibility to democratize investing,' including in crypto, Larry Fink says
▼ + stars: | 2023-07-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. BlackRock 's move into crypto fits into the asset management giant's broader mission of creating products that are easy to use and cheap for investors, CEO Larry Fink said Friday. Fink had previously been critical of crypto, saying in 2017 that the popularity of digital currencies was do in large part to money laundering. However, interest from clients and the high cost of transactions motivated BlackRock to take a closer look at entering the space, Fink said. BlackRock reported its second-quarter results on Friday, earning $9.28 in adjusted earnings per share on $4.46 billion in revenue.

Persons: Andrew Ross Sorkin, Larry Fink, We've, Fink, BlackRock Organizations: BlackRock, New York Times DealBook, Jazz At Lincoln Center, Securities, Exchange Commission, SEC Locations: New York City, cryptocurrencies

☆ Larry Fink doesn't see a big recession this year, but expects inflation to stay higher for longer
▼ + stars: | 2023-04-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Larry Fink, chairman and CEO of BlackRock , believes the U.S. could skirt a major economic downturn this year, but inflation is going to be around for a while. "No I don't see a big recession," Fink said on CNBC's "Squawk on the Street" Friday. "I'm not sure we're going to have a recession in 2023, we may have it in early 24." The head of the world's largest asset manager said the chance of a recession is dependent on the Federal Reserve's battle against inflation. "It all depends on what is the pathway of inflation of the short run and pathway to the Fed," Fink said.

☆ TikTok and its CEO are fighting to save the app in the US
▼ + stars: | 2023-03-22 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +10 min

In his talk, Chew, the CEO of TikTok, said the social network would not provide US user data to the Chinese government and has never been asked to do so. Chew stressed the steps TikTok has taken to protect US user data. The Harvard event is just one of several media appearances Chew has made in recent weeks amid mounting scrutiny of TikTok and of himself. “It’s life or death for TikTok, from their perspective,” said Justin Sherman, the CEO of Global Cyber Strategies, D.C.-based research and advisory firm, who was among the researchers TikTok invited to be briefed on “Project Texas,” the company’s $1.5 billion initiative to address lawmakers’ security concerns. But for some lawmakers with security concerns, the latest push “may be too little too late.”In his TikTok video on Tuesday, Chew appealed directly to users of the app.

☆ Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
▼ + stars: | 2023-02-03 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Its stock was hit harder than peers Apple and Alphabet , which also reported on Thursday evening. Shares of Apple were trading up about 4% on Friday morning while Alphabet was down about 1%. Amazon said it expects revenue of between $121 billion and $126 billion in the current quarter. Similarly, despite Alphabet's misses, analysts are bullish on its prospects for artificial intelligence and highlighted its strong core business. WATCH: Arete Research's Richard Kramer on the outlook for Apple, Amazon and Alphabet

☆ Here are the companies that have laid off employees this year
▼ + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.

☆ Who is Shou Zi Chew? Mounting scrutiny on TikTok could put new spotlight on its CEO
▼ + stars: | 2023-01-20 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

Months later, when TikTok was grilled by Congress over privacy and security concerns, Pappas was the TikTok executive in the hot seat fielding questions. But Chew, who took over as TikTok CEO in April 2021, has largely stayed out of the spotlight at a time when the app he leads can’t seem to avoid it. He eventually went on to become the CFO of Chinese tech giant Xiaomi, which he helped take public in 2018. While Chew is not a Chinese national, Quint noted Chinese tech companies and leaders that have drawn too much attention to themselves have faced tough government crackdowns. Ultimately, Quint said, “I don’t think the CEO of TikTok has much relevance at all” for US lawmakers scrutinizing its ties to China.

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