CaptinEO
Well-Known Member
Yes.
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
- Start date
JoeCamel
Well-Known Member
Chappie along with Christine and the company are named in a lost value class suit. Claims the stock price was a pump and dump
GhostHost1000
Premium Member
Yikes the hits keep on coming
Jrb1979
Well-Known Member
It just keeps getting better and better for Disney. Prior to COVID, while they had their issues, they were in a good spot. Since it's been one bad decision after another.
Is that the Simeone lawsuit or something different? Got a link?
See the thread here.
Disney Accused of Misleading Investors About Streaming Revenue
Here are the details from Bloomberg Law. "The Walt Disney Co.'s controversial reorganization in October 2020 under a new CEO facilitated a scheme to hide steep costs associated with its Disney+ streaming service, an investor alleges in a proposed class action. Disney, its then-CEO, Robert...
Ayla
Well-Known Member
Disney Accused of Misleading Investors on Streaming Revenue (1)
The Walt Disney Co.'s controversial reorganization in October 2020 under a new CEO facilitated a scheme to hide steep costs associated with its Disney+ streaming service, an investor alleges in a proposed class action.
GimpYancIent
Well-Known Member
Just like so many things were outsourced to China those same things can be outsourced to many other countries and terminate the China connection. It can happen over time, not at the clap of hands, but a redistribution of manufacturing can be done. There are many countries that would welcome the investment, for instance our many neighbors to the south.
GhostHost1000
Premium Member
That is so true. One bad decision after another. They have truly dug their own hole on so many things and this goes for leadership under both Iger and Chapek
See the thread here.
Disney Accused of Misleading Investors About Streaming Revenue
Here are the details from Bloomberg Law. "The Walt Disney Co.'s controversial reorganization in October 2020 under a new CEO facilitated a scheme to hide steep costs associated with its Disney+ streaming service, an investor alleges in a proposed class action. Disney, its then-CEO, Robert...forums.wdwmagic.com
Disney Accused of Misleading Investors on Streaming Revenue (1)
The Walt Disney Co.'s controversial reorganization in October 2020 under a new CEO facilitated a scheme to hide steep costs associated with its Disney+ streaming service, an investor alleges in a proposed class action.news.bloomberglaw.com
Thanks!
lazyboy97o
Well-Known Member
Neither Florida nor California are suing Disney. Disney is suing Florida in federal court in Florida. Disney is being sued by a pension fund in federal court in California.
Yes I know but it’s a state pension fund I believe.
This news will disappear by tomorrow I would expect.
lazyboy97o
Well-Known Member
It’s a Teamsters fund.
brb1006
Well-Known Member
And the recent announcement of the closure of Galactic Starcruiser this Fall.
Disney Analyst
Well-Known Member
This seems likely to me, can't imagine they feel in a place to have a new CEO take the lead yet.
Anyone heard anything? Or too early to speculate?
Anyone heard anything? Or too early to speculate?
Figgy1
Well-Known Member
GhostHost1000
Premium Member
@Sirwalterraleigh oh look. What a shocker
didn’t see this coming did we I guess he just needs more time to “fix” things.
Sir_Cliff
Well-Known Member
I don't really have a feeling about this as I don't know who the alternatives would be.
I would have to tip my hat to Iger, though, if he announced that he had heard all the concerns on the Internet about him extending his contract and so is instead announcing his successor: Kathleen Kennedy.
I would have to tip my hat to Iger, though, if he announced that he had heard all the concerns on the Internet about him extending his contract and so is instead announcing his successor: Kathleen Kennedy.