'Disney Return' Iger to Hold Town Hall Meeting on 28th... Q&A with Employees

[Image source=AP Yonhap News]

[Asia Economy New York=Special Correspondent Joselgina] Robert Iger (Bob Iger), who returned as CEO of Walt Disney, will hold a town hall meeting on the 28th (local time).

According to the economic media CNBC on the 23rd, CEO Iger is scheduled to give a speech at the Walt Disney Studio Lot located in Burbank, California. At this event, he plans to discuss Disney's future and answer employees' questions.

In a memo sent to employees, CEO Iger stated, "On Monday, I will return to the Walt Disney Studio Lot, which I have always loved," adding, "I want to meet again with my dear colleagues and also meet the new team members who joined our company last year."

Having served as Disney CEO from 2005 to 2020, CEO Iger is credited with building the 'Disney Empire' by acquiring Pixar, Marvel, Lucasfilm, 21st Century Fox, and increasing market share fivefold. In February 2020, he handed over the CEO position to Bob Chapek and stepped down as chairman of the board in December last year. However, due to poor performance and stock price decline, Disney, facing a crisis, requested his return, leading him to come back as CEO.

Restructuring and business reorganization have already begun. The day after his return, CEO Iger announced plans to reorganize the media division and dismissed Karim Daniel, who was regarded as the right-hand man of former CEO Chapek. Additionally, he replaced key executives and abolished the major decision-making structures of the Chapek era.

On the afternoon of the same day, Disney's stock price on the New York Stock Exchange was moving at a level 2.95% higher than the previous close. Earlier, when Disney announced CEO Iger's return, the stock price soared by as much as 6.30% the following day.

This content was produced with the assistance of AI translation services.