Walt Disney is confronting investor activism and a succession race.
Actors dressed as Walt Disney characters Mickey Mouse and Minnie Mouse perform during a press preview for the "Minnie Besties Bash!" parade at Tokyo Disneyland on January 17, 2023 in Urayasu, Japan.This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are.
Disney's leaders probably need one. The outcome could well influence the identity of any new chief executive who eventually succeeds Bob Iger. Trian Partners' Nelson Peltz is not just taking issue with Disney's streaming performance, he also wants a board seat.— particularly after Iger returned as CEO in 2022 after his successor Bob Chapek was fired. Before that, Iger had also pushed back his retirement five times.that Iger plans to name a successor and then coach that person before leaving the role toward the end of 2026.
Activist investors and a succession race. There are more fights than one at Mickey Mouse's club house these days.Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.
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