Disney names parks chief Josh D'Amaro to succeed CEO Bob Iger
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
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Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Disney is clarifying its timeline for naming Bob Iger's successor, while also bringing in Morgan Stanley's ex-CEO as board chair.
Disney stockholders gave the company's current leadership a win on Wednesday, reelecting all 12 board members and rejecting two hedge funds that fought for seats. Brooks Barnes, senior staff writer for The New York Times, joins CBS News to discuss what the results mean for the company's future.
Disney CEO Bob Iger had signaled that the entertainment giant was open to selling some of its media assets.
Iger returned to lead the media giant in November, following a tumultuous tenure by former CEO Bob Chapek.
ESPN's corporate owner, the Walt Disney Company, plans to slash 7,000 jobs as a cost-cutting measure.
It continues a yearlong fight with the company that began with their opposition to DeSantis' ban of sexual orientation being taught in schools.
Some 7,000 employees will lose their jobs, with the first round of cuts starting this week as Disney moves to slash costs.