"Disney's Bob Iger Plays Down Asset Sales, Vows To Build Modern Version Of Company; Chief Executive Of Entertainment Company Spoke At Company Town Hall In New York" - WSJ
Portfolio Pulse from Benzinga Newsdesk
Disney CEO Bob Iger, speaking at a company town hall, acknowledged the challenges faced since his return were greater than anticipated. He downplayed the likelihood of major asset sales and expressed his commitment to building a modern version of the company.
November 28, 2023 | 8:15 pm
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Disney's CEO Bob Iger's comments at a town hall suggest a strategic pivot away from asset sales and towards modernizing the company, indicating a focus on long-term growth over short-term divestitures.
Bob Iger's remarks may reassure investors about the stability and future direction of Disney, potentially leading to a positive short-term impact on the stock as fears of major asset sales and associated disruptions are alleviated.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90