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.
A new organisational structure will shift power from bean-counters back to creative teams. That reverses the changes under Bob Chapek, whom Mr Iger hand-picked as successor in early 2020 and then replaced in November. Operating costs will be slashed by $2.5bn, with a further $3bn to be cut from content spending, together
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