Disney director James Gorman, who retired as CEO of Morgan Stanley in January after a smooth succession process, will also be stepping down as executive chairman of the financial giant.
One of the longest tenured top executives on Wall Street, Gorman told Morgan Stanley’s annual meeting of shareholders today that he plans to exit the role at year end. He was CEO for 18 years and segued to executive chair after his successor Ted Pick took the reins of the investment banking and financial services giant at the start of 2024.
Named to Disney’s board in February, Gorman is one four directors looking closely at succession, a critical issue for the company.
CEO Bob Iger’s latest contract expires at the end of 2026. He has said that succession is a top priority for himself and the board and would ideally require a transition period for him to work with the new chief executive.
One of the longest tenured top executives on Wall Street, Gorman told Morgan Stanley’s annual meeting of shareholders today that he plans to exit the role at year end. He was CEO for 18 years and segued to executive chair after his successor Ted Pick took the reins of the investment banking and financial services giant at the start of 2024.
Named to Disney’s board in February, Gorman is one four directors looking closely at succession, a critical issue for the company.
CEO Bob Iger’s latest contract expires at the end of 2026. He has said that succession is a top priority for himself and the board and would ideally require a transition period for him to work with the new chief executive.
- 5/23/2024
- by Jill Goldsmith
- Deadline Film + TV
Blackwells Capital, a Disney shareholder with plenty of opinions about who should sit on the company’s board of directors, blasted the rival Trian Group for its own board maneuvering.
In a press release Monday, Blackwells Chief Investment Officer Jason Aintabi said Trian co-founder Nelson Peltz has come up short in terms of suggesting ways for the media giant to right its ship. Trian, which owns about $3 billion in Disney stock, last week formally initiated a proxy war with Disney by nominating Peltz and former Disney CFO Jay Rasulo to the board. The firm plans to solicit support from a shareholder base that it believes has grown restless over the company’s lackluster stock performance.
Trian has attacked Disney’s path under CEO Bob Iger, who returned to the top exec role in November 2022 in a bid to shore up the company after it slipped under his hand-picked successor, Bob Chapek.
In a press release Monday, Blackwells Chief Investment Officer Jason Aintabi said Trian co-founder Nelson Peltz has come up short in terms of suggesting ways for the media giant to right its ship. Trian, which owns about $3 billion in Disney stock, last week formally initiated a proxy war with Disney by nominating Peltz and former Disney CFO Jay Rasulo to the board. The firm plans to solicit support from a shareholder base that it believes has grown restless over the company’s lackluster stock performance.
Trian has attacked Disney’s path under CEO Bob Iger, who returned to the top exec role in November 2022 in a bid to shore up the company after it slipped under his hand-picked successor, Bob Chapek.
- 1/22/2024
- by Dade Hayes
- Deadline Film + TV
Disney CEO Bob Iger saw his compensation hit $31.6 million in 2023 — down from $45.9 million in 2021, his last prior full year of employment at the company.
Iger’s 2023 pay package included $865,385 in base salary, plus 16.1 million in stock awards, $10 million in stock-option awards, $2.14 million cash bonus and $2.48 million in other compensation, according to the company’s proxy statement filed Tuesday with the SEC. His contract with Disney runs through the end of 2026.
Iger was Disney CEO from 2005-20 and served as executive chairman of the company through the end 2021. He returned as interim CEO after the ouster of Bob Chapek — who had been Iger’s hand-picked successor — in November 2022. For 2023, Chapek received total compensation from Disney of $9.94 million.
Also Tuesday, Disney’s board of directors disclosed its recommended slate of 12 nominees for election at the 2024 annual meeting of shareholders (with the date Tba) in the preliminary proxy materials. The board officially rejected...
Iger’s 2023 pay package included $865,385 in base salary, plus 16.1 million in stock awards, $10 million in stock-option awards, $2.14 million cash bonus and $2.48 million in other compensation, according to the company’s proxy statement filed Tuesday with the SEC. His contract with Disney runs through the end of 2026.
Iger was Disney CEO from 2005-20 and served as executive chairman of the company through the end 2021. He returned as interim CEO after the ouster of Bob Chapek — who had been Iger’s hand-picked successor — in November 2022. For 2023, Chapek received total compensation from Disney of $9.94 million.
Also Tuesday, Disney’s board of directors disclosed its recommended slate of 12 nominees for election at the 2024 annual meeting of shareholders (with the date Tba) in the preliminary proxy materials. The board officially rejected...
- 1/16/2024
- by Todd Spangler
- Variety Film + TV
San Francisco, June 9 (Ians) Automaker General Motors (Gm) has announced that it will integrate Tesla’s electric vehicle (Ev) charging standard in its future EVs.
“We’re teaming up with Tesla to enhance your electric vehicle experience. More charging stations, less range anxiety, more sustainable journeys. It’s about your convenience, not our competition,” Gm tweeted on Thursday.
Encouraging this partnership, Tesla CEO Elon Musk also tweeted, saying: “Great to work with you.”
According to TechCrunch, Gm CEO Mary Barra during a Twitter Spaces with Musk on Thursday made the official announcement.
The agreement between the former rivals comes less than two weeks after Ford announced a similar collaboration, and it suggests that other automakers may follow soon.
Owners of Gm’s EVs will have access to more than 12,000 Superchargers across the US and Canada, as with the Ford partnership, the report said.
“I think we have a real opportunity...
“We’re teaming up with Tesla to enhance your electric vehicle experience. More charging stations, less range anxiety, more sustainable journeys. It’s about your convenience, not our competition,” Gm tweeted on Thursday.
Encouraging this partnership, Tesla CEO Elon Musk also tweeted, saying: “Great to work with you.”
According to TechCrunch, Gm CEO Mary Barra during a Twitter Spaces with Musk on Thursday made the official announcement.
The agreement between the former rivals comes less than two weeks after Ford announced a similar collaboration, and it suggests that other automakers may follow soon.
Owners of Gm’s EVs will have access to more than 12,000 Superchargers across the US and Canada, as with the Ford partnership, the report said.
“I think we have a real opportunity...
- 6/9/2023
- by Agency News Desk
- GlamSham
San Francisco, March 1 (Ians) Automaker General Motors (Gm) is laying off hundreds of workers from the company as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits, the media reported.
Announced internally on Tuesday, the cuts affected about 500 positions across the company’s various functions, reports CNBC, citing sources.
The timing of the job cuts seems odd as it roughly comes a month after Gm CEO Mary Barra and CFO Paul Jacobson told investors that the company was not planning any layoffs.
Gm Chief People Officer Arden Hoffman confirmed the company’s goal of $2 billion in cost savings over the next two years in a letter sent on Tuesday, which “we’ll find by reducing corporate expenses, overhead, and complexity in all our products”, said the report.
In an emailed statement, the company reiterated that the cuts were a result of performance, saying...
Announced internally on Tuesday, the cuts affected about 500 positions across the company’s various functions, reports CNBC, citing sources.
The timing of the job cuts seems odd as it roughly comes a month after Gm CEO Mary Barra and CFO Paul Jacobson told investors that the company was not planning any layoffs.
Gm Chief People Officer Arden Hoffman confirmed the company’s goal of $2 billion in cost savings over the next two years in a letter sent on Tuesday, which “we’ll find by reducing corporate expenses, overhead, and complexity in all our products”, said the report.
In an emailed statement, the company reiterated that the cuts were a result of performance, saying...
- 3/1/2023
- by News Bureau
- GlamSham
SXSW has unveiled William Shatner, Jen Psaki and Tilda Swinton as among the latest additions to the speaker lineup for the upcoming conference and festival in Austin, Texas. The 37th annual edition of SXSW will celebrate the convergence of film, television, music and technology from March 10-19.
Other notables joining the lineup include Chef José Andrés, Priyanka Chopra Jonas, Kristen Bell, Dax Shepard, Chelsea Manning and New Order band members Bernard Sumner, Stephen Morris and Gillian Gilbert.
Hugh Forrest, SXSW’s chief programming officer and co-president said, “Today’s speaker announcement is a fantastic milestone for the 2023 event and spotlights four additional Keynotes and numerous Featured Speakers, including influential icons and up and coming innovators.” Forrest added, “We are extremely proud to have assembled a diverse, comprehensive conference program for SXSW, and we can’t wait to share it with our community in March.”
See the full list of newly...
Other notables joining the lineup include Chef José Andrés, Priyanka Chopra Jonas, Kristen Bell, Dax Shepard, Chelsea Manning and New Order band members Bernard Sumner, Stephen Morris and Gillian Gilbert.
Hugh Forrest, SXSW’s chief programming officer and co-president said, “Today’s speaker announcement is a fantastic milestone for the 2023 event and spotlights four additional Keynotes and numerous Featured Speakers, including influential icons and up and coming innovators.” Forrest added, “We are extremely proud to have assembled a diverse, comprehensive conference program for SXSW, and we can’t wait to share it with our community in March.”
See the full list of newly...
- 2/14/2023
- by Charna Flam
- Variety Film + TV
Priyanka Chopra Jonas, Tilda Swinton and chef José Andrés are among the next round of keynote speakers announced for South by Southwest 2023.
Event organizers announced Tuesday the next round of keynote speakers, featured speakers and keynote sessions confirmed for SXSW, which celebrates the convergence of technology, film, television, and music.
Members of the Rock and Roll Hall of Fame-nominated rock band New Order, Bernard Sumner, Stephen Morris, and Gillian Gilbert, as well as Grammy-nominated singer-songwriter and producer Margo Price join Chopra Jonas and Swinton as keynotes. Additional featured speakers will include Kristen Bell, Dax Shepard, Chelsea Handler, William Shatner, Chelsea Manning and more.
Previously announced Keynote speakers include Patagonia CEO Ryan Gellert in conversation with Katie Couric.
Set as featured speakers for the 37th edition of the annual conference are Chair and CEO of General Motors Mary Barra; CEO, Cto, President, and co-founder of Cruise and co-founder of Twitch Kyle Vogt...
Event organizers announced Tuesday the next round of keynote speakers, featured speakers and keynote sessions confirmed for SXSW, which celebrates the convergence of technology, film, television, and music.
Members of the Rock and Roll Hall of Fame-nominated rock band New Order, Bernard Sumner, Stephen Morris, and Gillian Gilbert, as well as Grammy-nominated singer-songwriter and producer Margo Price join Chopra Jonas and Swinton as keynotes. Additional featured speakers will include Kristen Bell, Dax Shepard, Chelsea Handler, William Shatner, Chelsea Manning and more.
Previously announced Keynote speakers include Patagonia CEO Ryan Gellert in conversation with Katie Couric.
Set as featured speakers for the 37th edition of the annual conference are Chair and CEO of General Motors Mary Barra; CEO, Cto, President, and co-founder of Cruise and co-founder of Twitch Kyle Vogt...
- 2/14/2023
- by Lexy Perez
- The Hollywood Reporter - Movie News
Disney’s activist investor has found his target.
Nelson Peltz, the Trian Management founder who is leading a proxy fight against the entertainment company, is targeting Disney board member Michael B.G. Froman in the battle.
On Thursday, Peltz’s firm released a proxy form and began messaging Disney shareholders, urging them to withhold votes for Froman, and to vote for Peltz instead.
Trian also released a new open letter to Disney shareholders, tweaking its messaging in a subtle but critical way: In its initial presentation, Trian focused on the performance of Disney CEO Bob Iger and his predecessor Bob Chapek. In the new letter, Trian is targeting Disney’s board, calling out Disney’s declining stock price and Eps in 2022, as well as its decision to cancel its dividend, adding that “it is clear the Board of Directors has caused this recent destruction of value.
“As the owners of this great company,...
Nelson Peltz, the Trian Management founder who is leading a proxy fight against the entertainment company, is targeting Disney board member Michael B.G. Froman in the battle.
On Thursday, Peltz’s firm released a proxy form and began messaging Disney shareholders, urging them to withhold votes for Froman, and to vote for Peltz instead.
Trian also released a new open letter to Disney shareholders, tweaking its messaging in a subtle but critical way: In its initial presentation, Trian focused on the performance of Disney CEO Bob Iger and his predecessor Bob Chapek. In the new letter, Trian is targeting Disney’s board, calling out Disney’s declining stock price and Eps in 2022, as well as its decision to cancel its dividend, adding that “it is clear the Board of Directors has caused this recent destruction of value.
“As the owners of this great company,...
- 2/2/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Click here to read the full article.
The day after Disney shocked Hollywood by unceremoniously dispatching Bob Chapek as CEO, sources with ties to the company say discontent among some board members had been building to the point that there was discussion about replacing Chapek as far back as the directors’ late June meeting in Florida.
At that time, sources say, some on the board wanted to replace Chapek and appoint one of their own, Nike chairman Mark Parker, as interim CEO while conducting a search for a new permanent leader. But a source says Parker declined the role even as the idea arose more than once. Aside from Parker, these sources say, General Motors executive Mary Barra also advocated replacing Chapek at the June meeting. (Neither Parker nor Barra responded to requests for comment.)
By that point, Chapek had already piled up a set of widely derided moves. Aside...
The day after Disney shocked Hollywood by unceremoniously dispatching Bob Chapek as CEO, sources with ties to the company say discontent among some board members had been building to the point that there was discussion about replacing Chapek as far back as the directors’ late June meeting in Florida.
At that time, sources say, some on the board wanted to replace Chapek and appoint one of their own, Nike chairman Mark Parker, as interim CEO while conducting a search for a new permanent leader. But a source says Parker declined the role even as the idea arose more than once. Aside from Parker, these sources say, General Motors executive Mary Barra also advocated replacing Chapek at the June meeting. (Neither Parker nor Barra responded to requests for comment.)
By that point, Chapek had already piled up a set of widely derided moves. Aside...
- 11/22/2022
- by Kim Masters
- The Hollywood Reporter - Movie News
A top talent agent has called for Apple and Spotify to ban Kanye West’s music from their platforms following his antisemitic controversy.
Ari Emanuel, the CEO of William Morris Endeavor, made the demand in an op-ed for The Financial Times and called for businesses to speak out against antisemitism.
“Those who continue to do business with West are giving his misguided hate an audience. There should be no tolerance anywhere for West’s antisemitism,” he wrote.
“This is a moment in history where the stakes are high and being open about our values, and living them, is essential. Silence and inaction are not an option.”
West remains locked out of his Instagram and Twitter accounts following a string of antisemitic tirades over the past week, which he has so far refused to apologise for.
Mr Emanuel added: “Some of West’s behaviour has been dismissed over time, citing mental illness,...
Ari Emanuel, the CEO of William Morris Endeavor, made the demand in an op-ed for The Financial Times and called for businesses to speak out against antisemitism.
“Those who continue to do business with West are giving his misguided hate an audience. There should be no tolerance anywhere for West’s antisemitism,” he wrote.
“This is a moment in history where the stakes are high and being open about our values, and living them, is essential. Silence and inaction are not an option.”
West remains locked out of his Instagram and Twitter accounts following a string of antisemitic tirades over the past week, which he has so far refused to apologise for.
Mr Emanuel added: “Some of West’s behaviour has been dismissed over time, citing mental illness,...
- 10/20/2022
- by Graeme Massie
- The Independent - Music
New York, Sep 9 (Ians) Taking on Elon Musk-run Tesla, Automaker Gm has announced a mass-market electric car that will cost just 30,000.
Called the 2024 Chevrolet Equinox Ev, the car will have an estimated range of 480 kms and will go on sale next year.
“We are at a turning point where EVs will be the mainstream choice for the next generation of customers and Equinox Ev will lead this charge for us,” said Mary Barra, Chair and CEO of General Motors.
“With the flexibility of Gm’s Ultium Platform, we are bringing to market vehicles at nearly every price point and for every purpose,” Barra said in a statement late on Thursday.
With a starting price of around 30,000 on the 1Lt model, the Equinox Ev plugs Chevrolet into the critical compact SUV segment and is expected to be the most affordable Ev in its class.
It rounds out an electrified portfolio that covers major segments,...
Called the 2024 Chevrolet Equinox Ev, the car will have an estimated range of 480 kms and will go on sale next year.
“We are at a turning point where EVs will be the mainstream choice for the next generation of customers and Equinox Ev will lead this charge for us,” said Mary Barra, Chair and CEO of General Motors.
“With the flexibility of Gm’s Ultium Platform, we are bringing to market vehicles at nearly every price point and for every purpose,” Barra said in a statement late on Thursday.
With a starting price of around 30,000 on the 1Lt model, the Equinox Ev plugs Chevrolet into the critical compact SUV segment and is expected to be the most affordable Ev in its class.
It rounds out an electrified portfolio that covers major segments,...
- 9/9/2022
- by Glamsham Bureau
- GlamSham
Disney CEO Bob Chapek is facing a crisis of confidence in his leadership that is fueling an atypical level of turmoil at the top of the world’s largest entertainment company.
Though Chapek’s current employment contract, expiring next February, is expected to be renewed soon, according to sources, his tenure as CEO has been marked by upheaval since he was named to the job in February 2020. Some of the disruption has been far out of his control, such as a global pandemic. But Chapek’s own missteps reflect his tendency to keep counsel with a small group of senior executives rather than solicit wider opinions on key decisions.
“Chapek has had to deal with a series of catastrophes,” notes Peter Newman, the head of NYU’s Tisch School of the Arts’ Mba/Mfa program, who observes that Chapek took over the company when Covid was upending...
Though Chapek’s current employment contract, expiring next February, is expected to be renewed soon, according to sources, his tenure as CEO has been marked by upheaval since he was named to the job in February 2020. Some of the disruption has been far out of his control, such as a global pandemic. But Chapek’s own missteps reflect his tendency to keep counsel with a small group of senior executives rather than solicit wider opinions on key decisions.
“Chapek has had to deal with a series of catastrophes,” notes Peter Newman, the head of NYU’s Tisch School of the Arts’ Mba/Mfa program, who observes that Chapek took over the company when Covid was upending...
- 3/23/2022
- by Brent Lang and Cynthia Littleton
- Variety Film + TV
San Francisco, Jan 28 (Ians) Tesla CEO Elon Musk said that US President Joe Biden “is treating the American public like fools” after Biden met with executives from rival car companies General Motors and Ford Motor earlier this week, Fox Business reported. Biden invited Gm CEO Mary Barra and Ford CEO Jim Farley to the […]...
- 1/28/2022
- by Glamsham Bureau
- GlamSham
In the space of just a few weeks, a group of Madison Avenue heavyweights — with names like General Motors, Interpublic Group and Wpp — has made public guarantees of ad money for some of the industry’s smaller media outlets, all owned by Black entrepreneurs. Getting these companies to talk about ad spending in public is an amazing feat. For Byron Allen, it’s just a first step.
The media entrepreneur, who owns cable’s Weather Channel and recently added seven TV stations to his portfolio of holdings, says he has spent “12 hours a day on Zoom calls since March of last year” trying to get big advertisers to take Black-owned media more seriously. He isn’t done.
Corporate America thrives in part on spending by Black consumers, and Allen believes it ought to put more of its money into ventures that cater to that group. “At the end of the day,...
The media entrepreneur, who owns cable’s Weather Channel and recently added seven TV stations to his portfolio of holdings, says he has spent “12 hours a day on Zoom calls since March of last year” trying to get big advertisers to take Black-owned media more seriously. He isn’t done.
Corporate America thrives in part on spending by Black consumers, and Allen believes it ought to put more of its money into ventures that cater to that group. “At the end of the day,...
- 5/13/2021
- by Brian Steinberg
- Variety Film + TV
Advertising giants GroupM and Interpublic Group have agreed to invest in Black-owned media companies following more than a year of campaigning by a group led by Byron Allen.
GroupM, which is owned by Wpp, is one of a handful of major holding companies controlling tens of billions of dollars in advertising. It plans to ask its clients to commit to spending 2% of their annual budgets on Black-owned media while also incubating an “accelerator” program to promote Black creative talent.
Ipg has said it will direct at least 5% of its annual spending to Black-owned media by 2023.
The commitments by GroupM and Ipg were initially reported by AdAge.
In an interview with Deadline, Allen commended GroupM for its stance, but said the 2% pledge was “too skinny. We’re encouraging them to step up their commitment.”
Allen said he has spent more than a year leading the effort to address inequalities in the ad business.
GroupM, which is owned by Wpp, is one of a handful of major holding companies controlling tens of billions of dollars in advertising. It plans to ask its clients to commit to spending 2% of their annual budgets on Black-owned media while also incubating an “accelerator” program to promote Black creative talent.
Ipg has said it will direct at least 5% of its annual spending to Black-owned media by 2023.
The commitments by GroupM and Ipg were initially reported by AdAge.
In an interview with Deadline, Allen commended GroupM for its stance, but said the 2% pledge was “too skinny. We’re encouraging them to step up their commitment.”
Allen said he has spent more than a year leading the effort to address inequalities in the ad business.
- 5/10/2021
- by Dade Hayes
- Deadline Film + TV
General Motors, one of the nation’s largest advertisers, is trying to build new roads for minority-owned media outlets, part of a broader push on Madison Avenue to address a large gap between what is spent on large national media properties and media companies operated by owners from diverse backgrounds.
The nation’s largest automaker said it intends to hold an “upfront” with minority-owned media outlets that will give those companies a chance, essentially, to make a pitch for some of its ad dollars. The proposed summit “will encourage existing and potential partners to submit an overview of their business for consideration by Gm for deeper engagements,” the automaker said Friday. “The process that will be used for the selection of media will be accredited by a third party to ensure fairness and transparency>”
Gm has come under scrutiny in recent weeks for how it allocates its ad dollars. A group of Black media leaders,...
The nation’s largest automaker said it intends to hold an “upfront” with minority-owned media outlets that will give those companies a chance, essentially, to make a pitch for some of its ad dollars. The proposed summit “will encourage existing and potential partners to submit an overview of their business for consideration by Gm for deeper engagements,” the automaker said Friday. “The process that will be used for the selection of media will be accredited by a third party to ensure fairness and transparency>”
Gm has come under scrutiny in recent weeks for how it allocates its ad dollars. A group of Black media leaders,...
- 4/23/2021
- by Brian Steinberg
- Variety Film + TV
Updated: In his capacity as founder of the Revolt network, Sean “Diddy” Combs slammed General Motors for disrespecting Black-owned media brands in an open letter published Thursday, calling for more financial support in advertising and other spending.
The move follows the placement of a full-page ad in Sunday’s Detroit Free Press, in which the leaders of Black-owned media companies — including Byron Allen and Ice Cube — accused Gm CEO Mary Barra of racism for refusing to meet with them to discuss advertising opportunities. According to the Detroit Free Press, the ad, which was signed by the heads of seven Black-owned media companies, alleges that Barra refused to meet with them “consistently, over time and after multiple requests.” They also asked for an hour-long Zoom meeting with Barra, or her resignation.
In response on Thursday, Gm pledged to increase its advertising with Black-owned businesses significantly — the company’s full response follows Combs’ below — and noted that,...
The move follows the placement of a full-page ad in Sunday’s Detroit Free Press, in which the leaders of Black-owned media companies — including Byron Allen and Ice Cube — accused Gm CEO Mary Barra of racism for refusing to meet with them to discuss advertising opportunities. According to the Detroit Free Press, the ad, which was signed by the heads of seven Black-owned media companies, alleges that Barra refused to meet with them “consistently, over time and after multiple requests.” They also asked for an hour-long Zoom meeting with Barra, or her resignation.
In response on Thursday, Gm pledged to increase its advertising with Black-owned businesses significantly — the company’s full response follows Combs’ below — and noted that,...
- 4/8/2021
- by Jem Aswad
- Variety Film + TV
General Motors, one of the nation’s biggest advertisers, said Thursday it would quadruple the percentage of its advertising dollars that go to Black-owned media outlets between now and 2025.
Gm’s new effort is a sign of the scrutiny and pressure that corporate giants are facing to spread their corporate spending around a wider array of firms.
Gm said it intended to increase the allocation of its ad spending from its current 2% with Black-owned media to 4% by 2022 and to 8% by 2025.
“Black-owned media are a vital component of our marketing mix, and we evaluate our spend for media partners through several core metrics, including transparency, innovation, ad quality, audience delivery and brand safety,” General Motors said in a statement Thursday. The company also said it would in May launch an “upfront” process with diverse media owners “that encourages partners and potential partners to submit business proposals” that “will be accredited by...
Gm’s new effort is a sign of the scrutiny and pressure that corporate giants are facing to spread their corporate spending around a wider array of firms.
Gm said it intended to increase the allocation of its ad spending from its current 2% with Black-owned media to 4% by 2022 and to 8% by 2025.
“Black-owned media are a vital component of our marketing mix, and we evaluate our spend for media partners through several core metrics, including transparency, innovation, ad quality, audience delivery and brand safety,” General Motors said in a statement Thursday. The company also said it would in May launch an “upfront” process with diverse media owners “that encourages partners and potential partners to submit business proposals” that “will be accredited by...
- 4/1/2021
- by Brian Steinberg
- Variety Film + TV
“It has been a very trying year. The most difficult we’ve had in recent memory, if ever,” said Bob Iger, first up Tuesday at the company’s virtual annual shareholders meeting. Sounding moved, he noted that it would be his last as he prepares to exit after 16 years as CEO and, more recently, executive chairman, and well over 40 years at the company.
Iger was named chief executive in 2005, replacing Michael Eisner. Last February, in a surprise announcement days before the pandemic took hold, Disney passed the CEO baton to another longtime executive, Bob Chapek. Iger assumed the title of executive chairman and the role of overseer of the company’s content assets through the end of 2021 when his contract ends.
Chapek, speaking later at the event, expressed “how grateful I am for the opportunity he has given me and for his faith in me. Bob has led this company...
Iger was named chief executive in 2005, replacing Michael Eisner. Last February, in a surprise announcement days before the pandemic took hold, Disney passed the CEO baton to another longtime executive, Bob Chapek. Iger assumed the title of executive chairman and the role of overseer of the company’s content assets through the end of 2021 when his contract ends.
Chapek, speaking later at the event, expressed “how grateful I am for the opportunity he has given me and for his faith in me. Bob has led this company...
- 3/9/2021
- by Jill Goldsmith
- Deadline Film + TV
San Francisco, Jan 19 (Ians) Before Apple begins its electric car journey, Microsoft on Tuesday teamed up with Cruise, the self-driving subsidiary of General Motors (Gm), to accelerate the commercialisation of self-driving vehicles.
Microsoft will join Gm, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion, the tech giant said in a statement.
To unlock the potential of cloud computing for self-driving vehicles, Cruise will leverage Azure, Microsoft's cloud and edge computing platform, to commercialise its unique autonomous vehicle solutions at scale.
Microsoft, as Cruise's preferred cloud provider, will tap into Cruise's deep industry expertise to enhance its customer-driven product innovation and serve transportation companies across the globe through continued investment in Azure.
"Microsoft, as the gold standard in the trustworthy democratisation of technology, will be a force multiplier for us as we commercialise our fleet of self-driving,...
Microsoft will join Gm, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion, the tech giant said in a statement.
To unlock the potential of cloud computing for self-driving vehicles, Cruise will leverage Azure, Microsoft's cloud and edge computing platform, to commercialise its unique autonomous vehicle solutions at scale.
Microsoft, as Cruise's preferred cloud provider, will tap into Cruise's deep industry expertise to enhance its customer-driven product innovation and serve transportation companies across the globe through continued investment in Azure.
"Microsoft, as the gold standard in the trustworthy democratisation of technology, will be a force multiplier for us as we commercialise our fleet of self-driving,...
- 1/19/2021
- by IANS
- GlamSham
President Donald Trump believes there Is collusion with the Russians – only it’s NBC’s Saturday Night Live that may be the guilty party.
The Commander-in-Tweet today called on the Federal Election Commission and/or the Federal Communications Commission to investigate the “not funny/no talent” comedy show, which loves to parody the President. Trump claimed it was “truly incredible” that the show’s skewering of him was like “an advertisement without consequences” for his Democratic opponents.
The President also took on favorite whipping boy CNN and the late Senator John McCain in his tweets for their role in promoting the dossier that eventually launched the Mueller probe. He also backed Judge Jeanine Pirro in her battle against Fox News, which pulled her show on Saturday night after controversial comments on Muslim Congresswoman Illhan Omar.
After all that, the President found time to wish all a Happy St. Patrick’s Day.
The Commander-in-Tweet today called on the Federal Election Commission and/or the Federal Communications Commission to investigate the “not funny/no talent” comedy show, which loves to parody the President. Trump claimed it was “truly incredible” that the show’s skewering of him was like “an advertisement without consequences” for his Democratic opponents.
The President also took on favorite whipping boy CNN and the late Senator John McCain in his tweets for their role in promoting the dossier that eventually launched the Mueller probe. He also backed Judge Jeanine Pirro in her battle against Fox News, which pulled her show on Saturday night after controversial comments on Muslim Congresswoman Illhan Omar.
After all that, the President found time to wish all a Happy St. Patrick’s Day.
- 3/17/2019
- by Bruce Haring
- Deadline Film + TV
Disney shareholders today approved compensation packages of chairman and CEO Bob Iger and other executives, with just 57% voting in favor.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-minute meeting, which was held in St. Louis but live-streamed on the company’s website. Earlier this week, Disney disclosed in an SEC filing that it had lowered Iger’s total pay package by $13.5 million, though he remains one of the best-paid executives in media. The California Public Employees’ Retirement System (Calpers) is among the major shareholders opposed to even the updated pay plan.
In a more decisive vote, an estimated 94% of shareholders approved the re-election of Susan Arnold, Mary Barra, Safra Catz, Francis deSouza, Michael Froman, Iger, Maria Elena Lagomasino and Mark Parker to the company’s board of directors. New director Derica Rice’s election was also Ok’d in that same vote.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-minute meeting, which was held in St. Louis but live-streamed on the company’s website. Earlier this week, Disney disclosed in an SEC filing that it had lowered Iger’s total pay package by $13.5 million, though he remains one of the best-paid executives in media. The California Public Employees’ Retirement System (Calpers) is among the major shareholders opposed to even the updated pay plan.
In a more decisive vote, an estimated 94% of shareholders approved the re-election of Susan Arnold, Mary Barra, Safra Catz, Francis deSouza, Michael Froman, Iger, Maria Elena Lagomasino and Mark Parker to the company’s board of directors. New director Derica Rice’s election was also Ok’d in that same vote.
- 3/7/2019
- by Dade Hayes
- Deadline Film + TV
After all the accusations on live TV of being a “rude, terrible person” by Donald Trump and legal fireworks to get his White House press credentials back, Jim Acosta was front and center today in the briefing room like the whole drama never happened.
Even when listing off a litany of issues and asking whether Trump doesn’t “have faith in his advisors?”, the CNN correspondent could not get a significant rise out of Press Secretary Sarah Huckabee Sanders in the first White House briefing in several weeks and the first since Acosta’s press badge was yanked on November 7. (The credentials were restored on November 19).
Called on directly by Sanders mid-way through the briefing, Acosta not only got in a question on the legal woes of former Trump campaign manager Paul Manafort, but a trio of follow ups. That seems in contradiction to the “rules and regulations for conduct” the White House is drafting.
Even when listing off a litany of issues and asking whether Trump doesn’t “have faith in his advisors?”, the CNN correspondent could not get a significant rise out of Press Secretary Sarah Huckabee Sanders in the first White House briefing in several weeks and the first since Acosta’s press badge was yanked on November 7. (The credentials were restored on November 19).
Called on directly by Sanders mid-way through the briefing, Acosta not only got in a question on the legal woes of former Trump campaign manager Paul Manafort, but a trio of follow ups. That seems in contradiction to the “rules and regulations for conduct” the White House is drafting.
- 11/27/2018
- by Dominic Patten
- Deadline Film + TV
General Motors announced on Monday that it will halt production at five North American plants and lay off 15 percent of its salaried and contract workforce. In total, nearly 15,000 people will lose their jobs as a result of the large-scale move to restructure operations. “The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” CEO Mary Barra said as part of a statement that read like an exercise in corporate-speak Mad Libs. “We recognize the...
- 11/26/2018
- by Ryan Bort
- Rollingstone.com
Before Matt Lauer’s dismissal from NBC over a slew of sexual misconduct charges, the Today show anchor was widely respected as one of the network’s top interviewers. But some of his interviews crashed and burned on live TV, others sparked controversy immediately afterward, and yet more went viral only after his downfall. But after several decades in the 'biz, Matt, 60, is now out of a job — but he's hoping to make a big television comeback. "Matt seems to be under the impression that if he waits this news cycle out, this will go away and he can have a comeback," a source recently revealed. "He has seen a lot of people come back and hopes he will too. For right now, his friends feel that isn't realistic. His team has discussed a public apology, but agreed disappearing right now seems to be for the best." While Matt plans his return to TV,...
- 3/23/2018
- by Dan Clarendon
- Closer Weekly
A new batch of leaked emails from Hillary Clinton campaign manager John Podesta posted to WikiLeaks today reveals a variety of new allegations, including the charge that Clinton vetted billionaires and businessmen who donated to her foundation as potential running mates. General Motors CEO and chairwoman Mary Barra, former New York City Mayor Michael Bloomberg, Apple CEO Tim Cook, Microsoft founder Bill Gates, Coca-Cola CEO Muhtar Kent, Rockefeller Foundation president Judith Rodin and Starbucks CEO Howard Schultz were each considered as vice presidential candidates. All donated to The Clinton Foundation. Podesta also organized the potential running mates into “rough food...
- 10/18/2016
- by Brian Flood
- The Wrap
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