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4 months ago

Disney CEO Bob Iger Faces Mounting Challenges as Morale Plummets and Activist Investors Circle

Benzinga
Benzinga
When Bob Iger returned as Disney CEO last year, there was initial excitement and hope among employees, but nearly a year into his second stint, much of that goodwill has now dissipated among insiders. Morale at Disney is low following layoffs of 7,000 employees and uncertainty as Iger is facing challenges including falling stock price, pressure from activist investors, and battles with Florida governor Ron DeSantis. His comments during the recent Hollywood strikes also surprised some. Uncertainty remains around Disney's long-term strategy and next CEO succession, and with the stock price decline, Iger also risks aggravating more activist investors.
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3 months ago