>> "BLOOMBERG BUSINESS WEEK DAILY." REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD, WITH INSIGHT ON THE PEOPLE, COMPANIES AND TRENDS SHAPING TODAY’S COMPLEX ECONOMY, PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESS WEEK DAILY," WITH CAROL MASSAR AND TIM STENOVEC. LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS.CAROL: VERY GOOD AFTERNOON, EVERYBODY, STREAMING ACROSS BLOOMBERG PLATFORMS. THAT MEANS RADIO, TV, YOUTUBE, AND BLOOMBERG ORIGINA ...

Core Viewpoint - Nelson Peltz accuses Bob Iger of manipulating Disney's succession plan to maintain his influence within the company, suggesting that Iger set up his successor, Josh D'Amaro, to fail [1][6]. Group 1: Succession and Leadership Dynamics - Peltz claims that Iger chose D'Amaro, the theme parks chief, over Dana Walden to ensure a reason for his continued involvement after stepping down as CEO [2][6]. - D'Amaro is set to take over as CEO next month, while Iger will remain a director and senior adviser until the end of the year [2][11]. - Peltz predicts that Iger will eventually undermine D'Amaro, similar to how he sidelined Bob Chapek, the previous CEO [3][11]. Group 2: Historical Context and Tensions - Iger previously handpicked Chapek as his successor just before the COVID-19 pandemic, which led to significant challenges for Disney [6][9]. - Chapek's tenure was marked by controversies, including clashes with Hollywood talent and issues within Disney's streaming business [9][11]. - Following a disastrous earnings report, Iger was reinstated as CEO in November 2022 after Chapek's abrupt firing [11][12]. Group 3: Peltz's Activism and Proxy Battles - Peltz has been a long-time critic of Disney, building a $500 million stake in late 2022 due to disappointing earnings and losses in the streaming sector [12][13]. - He has engaged in multiple proxy fights against Disney, advocating for a board seat and criticizing the company's leadership and strategic direction [13][14]. - Despite a temporary truce after Iger's return, Peltz resumed his campaign in late 2023, nominating himself and former CFO Jay Rasulo for board positions [13][14].

Core Viewpoint - Josh D'Amaro has been responsible for overseeing experiences at Walt Disney Company, including theme parks and cruises, for the past six years. Starting March 18, he will expand his role to include the entire company [1] Group 1 - Josh D'Amaro's current role involves managing theme parks and cruise experiences at Walt Disney Company [1] - His responsibilities will broaden to encompass the entire company starting March 18 [1]

>> LIVE FROM NEW YORK, I AM SCARLET FU. >> I AM TIM STENOVEC. WELCOME TO "BLOOMBERG CRYPTO." >> HERE IS WHAT IS AT STAKE TODAY.BITCOIN IS SEEING A CRYPTO WINTER. IT CONTINUES TO SELLOFF TO START 2026. TIM: WE WILL SPEAK ABOUT THIS VOLATILITY AND RECENT EARNINGS.MIKE NOVOGRATZ IS JOINING US, FOUNDER AND CEO OF GALAXY DIGITAL. WE WILL SPEAK WITH SUMMER MERSINGER, CEO OF THE BLOCKCHAIN ASSOCIATION AND FORMER COMMISSIONER AT THE CFTC. SHE WAS IN THE ROOM FOR MONDAY'S BIG WHITE HOUSE MEETING IS ALL SIDES LOOK TO ...

MATT: 30 MINUTES UNTIL THE START OF THE CASH TRADE. I MATT MILLER. DANI: I'M DANI BURGER."BLOOMBERG OPEN INTEREST" STARTS RIGHT NOW. ♪ MATT: A COSMIC REWARD. PALANTIR'S BLOCKBUSTER RESULTS WE IGNITE A RALLY.DANI: ELON MUSK MERGES SPACEX AND XAI THAT VALUES THE COMBO AT 1.2% 5 TRILLION DOLLARS. MATT: THE HOUSE OF MOUSE. DISNEY NAMES IS NEXT CEO.DANI: ALSO COSMIC. THAT'S AN ADJECTIVE AND I'M INTO IT. EVERY ANNOUNCEMENT.I HAVE TO CHECK ON DISNEY SHARES OFF THE BACK THE ANNOUNCEMENT. THEY ARE UP 1.25%. SOMETHIN ...

Core Insights - Disney has appointed Josh D'Amaro as the sole CEO and Dana Walden as President and Chief Creative Officer after a thorough evaluation process, quickly dismissing the idea of co-CEOs due to potential complications [1][2][5] Leadership Structure - The board considered various organizational structures, including co-CEOs, but concluded that this model is generally fraught with challenges and is rarely successful in large companies [2][3] - Gorman noted that co-CEO structures are uncommon in the Fortune 500, with fewer than 20 examples, and typically arise only when a strong founder is still involved [3] Company Strategy - Disney is set to open a new theme park in Abu Dhabi, indicating a strategic expansion in international markets [5] - D'Amaro and Walden will assume their new roles following the company's annual stockholder meeting on March 18, with former CEO Bob Iger remaining as a senior advisor until the end of 2026 [5][6] Executive Dynamics - Gorman emphasized the importance of having a clear leadership structure to avoid conflicts that can arise in co-CEO scenarios, citing examples of potential disagreements in decision-making [4] - While Walden is recognized as a key executive, Gorman indicated that D'Amaro is positioned to lead the company moving forward, suggesting a stable transition [6]

Bob Iger loves Disney even more than he loves being its CEO. That was the message from Disney board chairman James Gorman on Tuesday, as the company announced that Josh D'Amaro would succeed Iger in the CEO slot.Iger will step down on March 18, more than nine months before his contract expires, to make room for incoming CEO D'Amaro and soon-to-be president Dana Walden. After D'Amaro takes charge, Iger will remain a strategic advisor and board member through the end of the year. Iger's decision to leave ea ...

Disney has officially announced CEO Bob Iger’s successor: Josh D’Amaro. CNBC’s Julia Boorstin reports on the choice and explains the importance of the Disney Experiences Division, which D’Amaro currently leads. Ahead of Super Bowl Sunday, New England Patriots owner Robert Kraft launches an ad for the Blue Square Alliance, an initiative to combat antisemitism and hate. Kraft discusses building community through football, preparing for the team’s big game, and the latest NFL Hall of Fame controversies. Plus, ...

Exclusive: Activist investor Nelson Peltz questioned the motives of Disney Chief Executive Bob Iger in the company’s CEO succession plan https://t.co/MiRUlDwxo8 ...

Activist questions whether the selection of company parks chief Josh D'Amaro as chief executive will allow Iger to stay around ...