News Christine McCarthy to step down from her role as Chief Financial Officer

[Sirwalterraleigh]

I also noticed that line. It's $9 billion, minimum, per the 2019 agreement. It could be more, and we all know Comcast wants it to be more, but it won't be less.

So then that “fear they’ll over pay” is a completely nonsensical thing, huh?

Damn that media and their failure to recognize the genius of Bob!

 

[Kamikaze]

…very shocking

Somehow Peltzatine returned?

 

[Sirwalterraleigh]

Somehow Peltzatine returned?

…someone failed to destroy the cloning facilities in west palm beach

 

[MR.Dis]

Are we sure Peltz is not an Animatron?

 

[Sirwalterraleigh]

Are we sure Peltz is not an Animatron?

…well he’s 110…so it’s possible?

 

[Dranth]

Peltz is a vulture that is not going to do fans any favors. He is all about massive cuts to budgets and staff to drive up shareholder value followed by dismantling companies for extra cash.

 

[tissandtully]

Peltz is a vulture that is not going to do fans any favors. He is all about massive cuts to budgets and staff to drive up shareholder value followed by dismantling companies for extra cash.

Capitalism 101 fwiw. Not saying capitalism is bad, it's just the nature of it, you have to have increased profits every quarter or you won't survive.

 

[flynnibus]

Capitalism 101 fwiw. Not saying capitalism is bad, it's just the nature of it, you have to have increased profits every quarter or you won't survive.

Not true

What you speak of is appeasing markets - not capitalism in itself. The markets want to see a growth in the VALUATION of the investment (stock price) or a direct return on their investment (dividends). How that is achieved can be driven in many different ways.

Capitalism survives just fine with healthy closed loops. INVESTING is the one that needs growth or it is self defeating.

 

[Sirwalterraleigh]

Not true

What you speak of is appeasing markets - not capitalism in itself. The markets want to see a growth in the VALUATION of the investment (stock price) or a direct return on their investment (dividends). How that is achieved can be driven in many different ways.

Capitalism survives just fine with healthy closed loops. INVESTING is the one that needs growth or it is self defeating.

“What is: what “true Disney people” want to believe, but is no longer true?” For $500, Alex

 

[MisterPenguin]

The same guy who overpaid for Fox and all its assets?

He got reimbursed by Comcast - who bid up the cost of Fox - by bidding up the cost of Sky, which Comcast then had to buy out Disney's share of Sky since Fox owned part of Sky.

 

[Disney Analyst]

Capitalism 101 fwiw. Not saying capitalism is bad, it's just the nature of it, you have to have increased profits every quarter or you won't survive.

Realistically the only important factor is are you in the green and making a profit? If so, business is good.

The issue with Wall Street is they only care about short term gains, short term outcomes.

How can any company really achieve a better quarter, every quarter forever? How do companies ensure the next quarter is stronger and better, to stop Wall Street from throwing a fit? Lay offs, spending cuts, lowering investment in the company, raising prices on customers / clients etc etc.

 

[MerlinTheGoat]

Two factual statements- Bob Iger is a corrupt greedy scumbag and lying clown. Peltz is also a corrupt greedy scumbag and lying clown, but somehow would be far worse than even Iger.

Domestic Disney parks are already maintained like they're going out of business. With Peltz in a position of power, there's a significant chance that it would no longer be a "like" situation. The way Peltz conducts business, there's actually a significant chance they might legitimately go out of business.

But I don't think there's a danger of anyone at TWDC is going to let him near a position of power. So not really concerned right now.

Are we sure Peltz is not an Animatron?

Nah, surely someone who wants to run TWDC is a video projection...

 

[Sirwalterraleigh]

He got reimbursed by Comcast - who bid up the cost of Fox - by bidding up the cost of Sky, which Comcast then had to buy out Disney's share of Sky since Fox owned part of Sky.

It wasn’t a 1:1 offset

…but we know…Daddy is never wrong

 

[Sirwalterraleigh]

How can any company really achieve a better quarter, every quarter forever? How do companies ensure the next quarter is stronger and better, to stop Wall Street from throwing fit? Lay offs, spending cuts, lowering investment in the company, raising prices on customers / clients etc etc.

Well they cannot. It’s academically invalid.

So if that’s the “requirement”…they go on crash courses of tricks, gimmicks and corner cutting to maintain the illusion more is on the way…

And that affects some companies more that others based on their product.

We’re seeing really the start of that now

 

[Sweet tears]

Realistically the only important factor is are you in the green and making a profit? If so, business is good.

The issue with Wall Street is they only care about short term gains, short term outcomes.

How can any company really achieve a better quarter, every quarter forever? How do companies ensure the next quarter is stronger and better, to stop Wall Street from throwing fit? Lay offs, spending cuts, lowering investment in the company, raising prices on customers / clients etc etc.

Also comes down to meeting expected forecasts and projections. Investors can accept short term reductions in income if they are designed for longer term gains and are expected. The pain comes from unmet expectations.

 

[Serpico Jones]

https://x.com/rwhelanwsj/status/1711559311816855970?s=46&t=Pc6F0Q6Zl4Kt0Lo9NIo_Aw

 

[Serpico Jones]

Why Nelson Peltz Grew Impatient With Disney’s Turnaround Efforts

The activist adds shares, while the company plans changes to ESPN, Hulu and its streaming business.

www.wsj.com

 

[Sirwalterraleigh]

…paywall there

 

[Serpico Jones]

…paywall there

I know. I was hoping someone could post at least a summary.

 

[Cliff]

Peltz is a vulture that is not going to do fans any favors. He is all about massive cuts to budgets and staff to drive up shareholder value followed by dismantling companies for extra cash.

Giving customers products and services that they WANT...makes companies rich and makes stocks rize.

Giving customers products and services that they DON'T want makes companies poor and lowers stock values.

I suspect that Peltz FULLY understands this simple concept and will push Disney to give their customers what "they" want instead of Disney pushing what "Disney" want's their customers to have.

Happy customers = Happy investors
Unhappy customers = Unhappy investors.

I'm rooting for Peltz on this because I think he understands what Disney's business "should" be....unlike the current CEO and his Board today.