1. Disney CEO Chapek Rejects Activist Loeb's Call for ESPN Spin-Off

    Disney CEO Chapek Rejects Activist Loeb's Call for ESPN Spin-Off

    (Reuters) -Walt Disney Co chief executive Bob Chapek has rejected billionaire activist investor Daniel Loeb's call to sell or spin off the ESPN sports television network, the Financial Times reported on Saturday. Loeb, who runs Third Point, in August disclosed a stake of roughly $1 billion in Disney and announced plans to push the company to make a string of changes, from spinning off ESPN to buying back shares and adding new board members...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      Board Recruitment Publication, BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
  2. Topics Mentioned