James Gorman talks Disney succession, proxy fight as he gears up to join board
Publishing timestamp: 2023-12-21 12:08:10
Summary
James Gorman, the retiring CEO of Morgan Stanley, is set to join Disney's succession planning committee to help choose CEO Bob Iger's successor. This move is seen as a way to prevent a proxy fight by activist fund Trian. Gorman has experience in managing succession at Morgan Stanley and will join Disney's board in February. Disney has faced challenges in recent years, including box office flops and streaming losses.
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Keywords: entertainment, media, business news, walt disney co, morgan stanley, breaking news: business, television, business,
Source: https://www.cnbc.com/2023/12/21/james-gorman-talks-disney-succession-proxy-fight.html