Bob Iger's longtime billionaire nemesis, Nelson Peltz, is unimpressed with Disney's new CEO

Core Viewpoint - Nelson Peltz remains skeptical about Disney's leadership changes, suggesting that the appointment of Josh D'Amaro as CEO is a strategic move to keep Bob Iger involved in the company [1][2]. Group 1: Leadership Changes - Josh D'Amaro has been appointed as Disney's new CEO, with unanimous approval from the board led by James Gorman [2][3]. - Iger will continue in a senior advisor role until the end of the year, marking his second retirement from Disney [3]. Group 2: Investor Perspective - Nelson Peltz criticized Disney's streaming losses and succession plans during his proxy battle for board seats in early 2024 [4]. - Peltz expressed doubts about D'Amaro's experience in the entertainment industry, suggesting that it may provide Iger with a reason to remain involved [1][2]. Group 3: Company Performance - D'Amaro's division accounted for over 70% of Disney's operating income in the last quarter, indicating a strong financial performance [3].