Business | The Iger sanction

Bob Iger makes big changes at Disney

They are not the end of the story

(FILES) In this file photo taken on December 18, 2019 Disney CEO Bob Iger poses on the red carpet with sith stormtroopers upon arrival for the European film premiere of Star Wars: The Rise of Skywalker in London. - Disney's streaming service saw its first ever fall in subscribers last quarter, company data showed on February 8, 2023, as consumers cut back on spending amid higher costs and a souring global economy. Disney CEO Bob Iger on February 8, 2023, announced that the company would lay off 7,000 workers, in the veteran executive's first major decision since returning to lead the company in November. (Photo by Tolga AKMEN / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images)
Image: Getty Images

NELSON PELTZ is a man accustomed to winning. So when his hedge fund, Trian Partners, called off a proxy fight for a seat on Disney’s board on February 9th, it was no surrender. A day earlier Bob Iger, Disney’s newly returned CEO, announced sweeping changes to the entertainment powerhouse of the sort Trian had sought.

This article appeared in the Business section of the print edition under the headline “The Iger sanction”

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