Disney's Leadership Shift: James Gorman Named As Chairman, CEO Search Underway
Portfolio Pulse from Anusuya Lahiri
Disney has appointed James Gorman as the new Chairman of the Board, effective January 2025, as it searches for a new CEO. The company is facing challenges in its theme parks and has laid off employees, while its stock has declined over 13% in the last six months.
October 21, 2024 | 3:14 pm
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Disney has appointed James Gorman as Chairman, effective January 2025, and is searching for a new CEO. The company faces challenges in its theme parks and has laid off employees, with its stock down over 13% in the last six months.
The appointment of a new Chairman and the ongoing CEO search are significant leadership changes for Disney. The company's challenges in theme parks and recent layoffs may impact investor sentiment. However, the stock's recent decline suggests these factors may already be priced in.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Disney through the iShares Russell 1000 Value ETF, which includes Disney in its portfolio. Disney's stock has declined over 13% in the last six months.
The iShares Russell 1000 Value ETF includes Disney, but the impact on the ETF is limited as it is diversified across many stocks. Disney's recent stock decline may have a minor effect on the ETF's performance.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
James Gorman, currently Executive Chairman of Morgan Stanley, will become Disney's Chairman in 2025. This leadership change may have minimal direct impact on Morgan Stanley's operations.
While James Gorman's departure from Morgan Stanley to join Disney is notable, it is unlikely to have a significant direct impact on Morgan Stanley's stock or operations in the short term.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to Disney through the Vanguard Growth ETF, which includes Disney in its portfolio. Disney's stock has declined over 13% in the last six months.
The Vanguard Growth ETF includes Disney, but the impact on the ETF is limited as it is diversified across many stocks. Disney's recent stock decline may have a minor effect on the ETF's performance.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30