By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
24x7Report24x7Report
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
Search
© 2023 News.24x7report.com - All Rights Reserved.
Reading: James Gorman talks Disney succession, proxy fight
Share
Notification Show More
Aa
24x7Report24x7Report
Aa
Search
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
  • en English
    • en English
    • id Indonesian
    • ms Malay
    • es Spanish
Follow US
© 2023 News.24x7report.com - All Rights Reserved.
24x7Report > Blog > Finance > James Gorman talks Disney succession, proxy fight
Finance

James Gorman talks Disney succession, proxy fight

Last updated: 2023/12/21 at 7:41 PM
Share
3 Min Read
James Gorman talks Disney succession, proxy fight
SHARE

James Gorman to retire as Morgan Stanley CEO

Morgan Stanley CEO James Gorman stated Thursday that he is gearing as much as be a part of a succession planning committee at Disney, which is able to advise the board on selecting CEO Bob Iger’s successor.

Gorman is about to step down as Morgan Stanley CEO Jan. 1. He’ll be a part of Disney’s board in February.

Disney introduced final month that Gorman was joining the company’s board. The announcement additionally included the appointment of former Sky TV boss Jeremy Darroch, starting in January.

The transfer was seen as a option to maintain off a proxy struggle by activist fund Trian and its chief, Nelson Peltz, though Trian voiced dissatisfaction with the appointments in a press release. Trian stated it will push for Peltz and former Disney govt Jay Rasulo to hitch the board.

Gorman has received reward for the way he managed the succession course of at Morgan Stanley.

“Disney is forming a succession committee, which I will be becoming a member of,” Gorman informed CNBC’s David Faber. “I do not begin as a director till February, proper in the course of a possible proxy struggle, by the way in which. However I’ve an unlimited quantity of expertise having run succession right here on Morgan Stanley’s board.”

Disney stated Gorman was referring to the succession committee the corporate introduced in January. The corporate disclosed Gorman would be a part of the panel in a securities submitting final month.

Disney re-appointed Iger as CEO in November 2022, following the tumultuous tenure of his hand-picked successor Bob Chapek. Earlier than he ended his earlier reign as CEO, Iger renewed his contract a number of occasions. In July, the corporate prolonged Iger’s contract by 2026.

See also  Mark Zuckerberg shares photos from the hospital after injuring himself while training for an MMA fight

The corporate has confronted a quantity headwinds in recent times, together with field workplace flops and streaming losses. Earlier this 12 months, Iger reorganized the corporate, shedding 7,000 workers whereas seeking to lower $7.5 billion in prices.

Tune in: “CNBC Leaders: James Gorman” airs at 8 p.m. ET Friday on CNBC.

You Might Also Like

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

How China’s Companies Are Responding to the US Trade War

The US Flip-flop Over H20 Chip Restrictions 

TAGGED: Disney, fight, Gorman, James, proxy, Succession, Talks

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article What ‘De-risking’ Means for China China’s Export-Reliant Growth Model Threatens Its Trade Relations
Next Article U.S.-Venezuela Prisoner Swap Brings 10 Americans Back To U.S. Soil U.S.-Venezuela Prisoner Swap Brings 10 Americans Back To U.S. Soil

Stay Connected

1.30M Followers Like
311 Followers Pin
766 Followers Follow

Latest News

Flawless Foundation: Why Reliable Face Care is Your Makeup’s Best Friend
Beauty May 11, 2025
Surprising Benefits of Eating Eggs Everyday for Your Health
Beauty May 10, 2025
Holistic Approaches to Support Your Skin’s Natural Glow
Beauty May 7, 2025
Elevate Your Aesthetic: how to Master the Effortlessly Chic Look
Beauty May 4, 2025
Cambell Kenneford Inspires a New Trans Generation
Beauty May 3, 2025
//

This is your World, Finance, Fitness, Fashion  Sports  website. We provide the latest breaking news straight from the News industry.

Quick Link

  • Contact
  • Privacy Policy
  • Terms & Conditions

Top Categories

  • Fashion
  • Finance
  • Fitness
  • Gadgets
  • Travel

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
24x7Report24x7Report
Follow US

© 2023 24x7Report.com - All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?