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”

From the February 18th 2023 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Business

Protesters in favour of TikTok stand outside the United States Capitol.

TikTok’s time is up. Can Donald Trump save it?

The imperilled app hopes for help from an old foe

A tattooed man punches a large head, with motion lines and stars showing impact. He wears orange shorts.

The UFC, Dana White and the rise of bloodsport entertainment

There is more to the mixed-martial-arts impresario than his friendship with Donald Trump


A billboard welcoming the American electric car maker Tesla, in Monterrey, Mexico

Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?

Donald Trump’s return to the White House may have changed Tesla’s plans


Germany is going nuts for Dubai chocolate

Will the hype last?

The year ahead: a message from the CEO

From the desk of Stew Pidd

One of the biggest energy IPOs in a decade could be around the corner

Venture Global, a large American gas exporter, is going public