Bob Iger, who returned last week as CEO of Disney (DIS), told employees Monday he intends to maintain the company’s current hiring freeze. He also reiterated the need for Disney to pivot its streaming business objective away from subscriber growth at all costs and toward profitability. As shareholders for the Club, we are pleased to see Iger taking steps to fix the missteps of his predecessor. Iger’s comments, at his first townhall meeting since taking over for the fired Bob Chapek, are in line with his previously published memo to the staff of Disney Media and Entertainment Distribution last week. In that correspondence, which came less than 24 hours after his rehiring, Iger announced the departure of the group’s leader Kareem Daniel. He also wrote: “Over the coming weeks, we will begin implementing organizational and operating changes within the company. It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are. As you know, this is a time of enormous change and challenges in our industry, and our work will also focus on creating a more efficient and cost-effective structure.” We’re pleased to see Iger again stress this viewpoint Monday. As Club members will recall, we started calling for change at the top, following Disney’s awful fiscal fourth-quarter results on Nov. 8. Given Disney’s lack of operational focus, particularly on the streaming side of the business, we said at the time Chapek had to go. Nearly two weeks later, he was gone. While Chapek may have been a great operator on the theme park side of the operation, Iger understands that at its core, Disney is about creativity and storytelling. Moreover, Iger is clearly coming back into the role with the understanding that while subscriber growth may have been the key streaming metric in a zero-interest-rate world — in the current landscape, it’s all about profit. The previous management was simply too slow to respond to the rapidly evolving operating environment as inflation surged and the Federal Reserve raised rates as aggressively as we have ever seen in response. We look forward to learning more about how Iger plans to restructure operations in the coming months —but for now, we believe this decision to maintain the hiring freeze and stress creativity and storytelling as Disney’s primary engine for growth is a strong start. The faster Iger can show improvement in terms of streaming profitability — or at least reduce losses in the near term — the faster we will see a turn higher in Disney’s stock price. Shares were lower by roughly 3% in Monday’s down market. They’re off about 38% year to date. We have a 1 rating on Disney, meaning we see shares a buy at current levels . While it may take some time, we think the company is back on the right path — and as a result, believe the risk/reward is incredibly favorable for those willing to give Iger a few quarters to show progress as he maps out a path to streaming profitability. (Jim Cramer's Charitable Trust is long DIS ។ សូមមើលនៅទីនេះសម្រាប់បញ្ជីភាគហ៊ុនពេញលេញ។) ក្នុងនាមជាអ្នកជាវ CNBC Investing Club ជាមួយ Jim Cramer អ្នកនឹងទទួលបានការដាស់តឿនពាណិជ្ជកម្មមុនពេល Jim ធ្វើពាណិជ្ជកម្ម។ លោក Jim រង់ចាំ 45 នាទីបន្ទាប់ពីការផ្ញើការជូនដំណឹងពាណិជ្ជកម្មមុនពេលទិញឬលក់ភាគហ៊ុននៅក្នុងផលប័ត្រនៃការទុកចិត្តសប្បុរសធម៌របស់គាត់។ ប្រសិនបើលោក Jim បាននិយាយអំពីភាគហ៊ុននៅលើទូរទស្សន៍ CNBC គាត់រង់ចាំ 72 ម៉ោងបន្ទាប់ពីការចេញការជូនដំណឹងពាណិជ្ជកម្មមុនពេលប្រតិបត្តិពាណិជ្ជកម្ម។ ពត៌មានក្លឹបវិនិយោគខាងលើគឺស្ថិតក្រោមលក្ខខណ្ឌ និងលក្ខខណ្ឌរបស់យើង និងគោលការណ៍ឯកជនភាព រួមជាមួយការមិនទទួលខុសត្រូវរបស់យើង។ មិនមានកាតព្វកិច្ច ឬកាតព្វកិច្ចខាងសារពើពន្ធ ឬត្រូវបានបង្កើតឡើង ដោយផ្អែកលើការទទួលព័ត៌មានរបស់អ្នកដែលផ្តល់ឲ្យក្នុងការតភ្ជាប់ជាមួយក្លឹបវិនិយោគ។
លោក Bob Iger អតីតនាយកប្រតិបត្តិក្រុមហ៊ុន Walt Disney
Scott Mlyn | ស្ថានីយទូរទស្សន៍ CNBC
Bob Iger, who returned last week as CEO of ក្រុមហ៊ុន Disney (DIS), told employees Monday he intends to maintain the company’s current hiring freeze. He also reiterated the need for Disney to pivot its streaming business objective away from subscriber growth at all costs and toward profitability. As shareholders for the Club, we are pleased to see Iger taking steps to fix the missteps of his predecessor.
Source: https://www.cnbc.com/2022/11/28/bob-igers-fast-start-back-as-disneys-ceo-is-welcome-news-to-shareholders-like-us.html