Robert Iger News

Elon Musk is in your news feed again. The richest man in the world on Wednesday told advertisers who were dropping his social media platform X because of antisemitic posts, to go ‘f**k themselves’. In an interview with Andrew Ross Sorkin in a New York Times DealBook Summit, Musk candidly addressed the recent controversy. Let's take a look at the highlights of this viral conversation:

Disney shareholders have rallied behind longtime CEO Robert Iger

By Dawn Chmielewski

Investing.com — U.S. futures traded higher Thursday, continuing the recent positive sentiment ahead of the latest data on producer prices, with investors looking for more clues guiding future Federal Reserve monetary policy.

Walt Disney's board on Wednesday extended Chief Executive Officer Robert Iger's contract by two years as the experienced leader who came out of retirement in 2022 battles long-term challenges to its film and television businesses. The board said in a statement that it aimed to maintain «continuity of leadership during the company's ongoing transformation.» Iger returned to Disney as CEO in November 2022, less than a year after he retired, vowing to stay for two more years to restore the business while seeking a more durable replacement after the company pushed out Bob Chapek, Iger's hand-picked successor. «There is more to accomplish before this transformative work is complete,» Iger said in a statement, adding that the board was continuing to interview internal and external CEO candidates.

Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan that will see the firm cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months.