bitcoin
Bitcoin (BTC) $ 17,267.35
ethereum
Ethereum (ETH) $ 1,285.42
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 290.05
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.393445
dogecoin
Dogecoin (DOGE) $ 0.098634
cardano
Cardano (ADA) $ 0.315824
matic-network
Polygon (MATIC) $ 0.925985
polkadot
Polkadot (DOT) $ 5.45
staked-ether
Lido Staked Ether (STETH) $ 1,269.70
litecoin
Litecoin (LTC) $ 77.34
shiba-inu
Shiba Inu (SHIB) $ 0.000009
okb
OKB (OKB) $ 20.96
dai
Dai (DAI) $ 1.00
solana
Solana (SOL) $ 13.74
tron
TRON (TRX) $ 0.054059
uniswap
Uniswap (UNI) $ 6.20
avalanche-2
Avalanche (AVAX) $ 13.45
leo-token
LEO Token (LEO) $ 3.82
chainlink
Chainlink (LINK) $ 7.04
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 17,255.81
cosmos
Cosmos Hub (ATOM) $ 9.84
the-open-network
Toncoin (TON) $ 1.82
monero
Monero (XMR) $ 147.74
ethereum-classic
Ethereum Classic (ETC) $ 19.28
stellar
Stellar (XLM) $ 0.085720
bitcoin-cash
Bitcoin Cash (BCH) $ 112.11
quant-network
Quant (QNT) $ 122.87
crypto-com-chain
Cronos (CRO) $ 0.064839
algorand
Algorand (ALGO) $ 0.226114
filecoin
Filecoin (FIL) $ 4.44
near
NEAR Protocol (NEAR) $ 1.71
apecoin
ApeCoin (APE) $ 3.95
vechain
VeChain (VET) $ 0.019110
hedera-hashgraph
Hedera (HBAR) $ 0.048179
internet-computer
Internet Computer (ICP) $ 4.31
trust-wallet-token
Trust Wallet (TWT) $ 2.61
eos
EOS (EOS) $ 1.00
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 45.08
flow
Flow (FLOW) $ 1.04
terra-luna
Terra Luna Classic (LUNC) $ 0.000174
frax
Frax (FRAX) $ 0.999999
axie-infinity
Axie Infinity (AXS) $ 8.20
the-sandbox
The Sandbox (SAND) $ 0.597628
tezos
Tezos (XTZ) $ 1.01
aave
Aave (AAVE) $ 63.34
theta-token
Theta Network (THETA) $ 0.879100
huobi-token
Huobi (HT) $ 6.55

Disney blindsided Chapek with decision to replace him with Iger

0

- Advertisement -


Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, according to people familiar with the matter.

The executive change came together quickly, blindsiding Chapek and his closest allies. Disney’s board reached out to Iger on Friday, without any other serious candidates in mind to replace Chapek as CEO, CNBC’s David Faber reported Monday, citing sources.

The board’s outreach to Iger and discussion to replace Chapek came after the board married internal complaints about Chapek’s leadership with concerns following Disney’s most recent quarterly earnings report, said the people, who asked not to be named because the discussions were private. One of the executives to express a lack of confidence in Chapek was Christine McCarthy, Disney’s chief financial officer, two of the people said.

Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company.

Source: The Walt Disney Company

McCarthy was Iger’s CFO before he departed as CEO in 2020, holding the role since 2015. She has an established relationship with the board given her longevity in the position, the people said.

A Disney spokesperson declined to comment. Chapek didn’t respond to a request for comment.

On Sunday, Disney said it would replace Chapek with Iger as chief executive, effective immediately. Chapek had come under fire for his management of Disney in the last few years. Chapek was notified on Sunday night, Faber reported.

Chapek and his inner circle were caught off guard by the news, one of the people said. The status of Chapek’s right-hand man, Kareem Daniel, is murky and dependent on the direction Iger wants to take at the company, two of the people said. Daniel leads Disney Media and Entertainment, a division created through Chapek’s reorganization of the company. Iger has never been a fan of the reorganization, which has caused internal consternation for nearly two years.

Chapek complaints

Iger has consistently heard complaints from his ex-colleagues throughout the year about Chapek’s leadership style and decision to pull away budgetary power from Disney’s creative executives, according to people familiar with the matter. Several specifically noted Chapek’s plan to move 2,000 Disney employees from California to Florida, which was then delayed, showed a level of callousness toward employees’ lives that didn’t jive with Disney’s family-friendly culture.

While some internal CEO candidates were identified who might be able to take the job over time, the board didn’t want to put someone new in that position given all various pressures on the company, Faber reported.

Disney reported fiscal fourth-quarter earnings earlier this month, disappointing on profit and certain key revenue segments. The company had also warned that its strong streaming numbers would likely taper off in the future. Three days later, Chapek told executives that Disney would cut costs through hiring freezes, layoffs and other measures. The memo about cost-cutting led to some internal pushback against Chapek, one of the people said.

The company’s shares rose Monday following the news of Chapek’s replacement.

CNBC’s David Faber contributed to this article.



Source link

- Advertisement -

Leave A Reply

Your email address will not be published.

Shares