The Latest Breaking News from Bob Iger

Disney earnings fell less than views in Q1 late Wednesday. The Dow giant will cut 7,000 jobs with Bob Iger back in charge. DIS stock rose late.

The Mouse House voiced skepticism as to the Trian co-founder's motives, arguing he lacks the necessary experience and would be disruptive at a key juncture in time for the media industry.

Compare that to his 2021 salary of $32.5 million.

Disney also revealed that Peltz's campaign for a board seat had a surprise backer: Marvel chairman Isaac Perlmutter.

The Walt Disney Co. has come out swinging against activist shareholder Nelson Peltz's campaign to join the company's board of directors, saying the billionaire lacks a basic understanding of Disney's business and has offered no strategic ideas.

In response to House Republicans’ plans to use their new majority to investigate the ESG movement, three Democratic senators penned an op-ed accusing their GOP colleagues of overstepping. The three senators—Sheldon Whitehouse (D-R.I.), Brian Schatz (D-Hawaii), and Martin Heinrich (D-N.M.)—also accused Republicans who oppose ESG of being anti-capitalist:

That’s one thing that can’t be done over Zoom.

One already announced Disney World theme park project looks to be officially dead.

The latest missives from high-profile CEOs could point to a major new development in the return-to-office wars.