Disney's Biggest Change
Disney executives might be shaken up. New activist investor wants to overhaul Disney's board. The new vocal investor told the Wall Street Journal that Disney's board lacked essential skills.
Third Point LLC's Dan Loeb is attacking Disney's board of directors. After his company bought a large investment in Disney, Loeb wrote to CEO Bob Chapek
The letter addressed Third Point's issues with Disney's board of directors and what Disney should address at its highest level.
The letter accused Disney's board of being obsolete in today's technology economic context. Loeb said that the board's knowledge of digital advertising and monetizing user data was limited
Disney denies Loeb's charges. Disney's reaction blasted Loeb's alleged comments. "Our independent and seasoned Board has substantial knowledge in branded, consumer-facing, and technology industries
Disney isn't incorrect to dispute Loeb's claims. Its board has knowledgeable expertise. Susan Arnold just succeeded Bob Iger as chairwoman. Arnold is a Procter & Gamble veteran.
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