“We are focused on the success of our streaming business and the return it generates for our shareholders long into the future,” said CEO Bob Iger.
Walt Disney (DIS) – Get Free Report shares surged higher Thursday after returning CEO Bob Iger unveiled a raft of changes at the media and entertainment group as it fends off an activist challenge from billionaire investor Nelson Peltz.
Iger detailed sweeping changes within the group’s operating structure, including 7,000 layoffs, $5.5 billion in cost cuts and a new three-part organizational structure focused on Parks, Entertainment and ESPN.
Read more here: https://www.thestreet.com/markets/disney-stock-surges-as-ceo-iger-unveils-job-cuts-restructuring
