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Thomas O. Staggs Named Chief Operating Officer of The Walt Disney Company
Thomas O. Staggs has been named Chief Operating Officer of The Walt Disney Company, it was announced today by Robert A. Iger, Chairman and Chief Executive Officer. A 25-year Disney veteran, Mr. Staggs is Chairman, Walt Disney Parks and Resorts, overseeing the strategy, operations and creative development of the company’s iconic travel and leisure businesses. He will assume the role of Chief Operating Officer immediately, while continuing to lead Parks and Resorts until a successor is named. Disney’s senior management team, including all business segment leaders, will report jointly to Mr. Iger and Mr. Staggs, with the exception of the Chief Financial Officer, General Counsel, Chief Communications Officer and Chief…
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The Walt Disney Company Announces Second Startup Accelerator Program
The Walt Disney Company (NYSE: DIS) announced that it is accepting applications for its second Disney Accelerator program powered by Techstars. Disney Accelerator will select a class of 10 startup companies for a three-month mentorship and investment program beginning July 6, 2015 and concluding with a Demo Day on October 6, 2015. The program is open to technology-based startups with a vision for making an impact on the world of media and entertainment. Participants will be offered $120,000 in investment capital along with mentor support from top Disney executives, entrepreneurs, investors and other notable business leaders from the entertainment and technology communities. Read More Here
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The Walt Disney Company Reports Third Quarter and Nine Month Earnings for Fiscal 2014
BURBANK, Calif.–(BUSINESS WIRE)–The Walt Disney Company (NYSE: DIS) today reported third quarter earnings, which are a record for any quarter. Diluted earnings per share (EPS) for the third quarter increased 27% to $1.28 from $1.01 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 24% to $1.28 from $1.03 in the prior-year quarter. Diluted EPS for the nine months ended June 28, 2014 increased 30% to $3.40 compared to $2.61 in the prior-year period. Excluding certain items affecting comparability, EPS for the nine months increased 31% to $3.43. “Our strategy of building strong brands and franchises continues to create great value across our company” “Our…
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Bob Iger, Chairman and CEO, The Walt Disney Company, Is Named “2014 CEO of the Year” by Chief Executive Magazine
Chief Executive magazine today announced that Bob Iger, CEO of The Walt Disney Company, has been named “2014 CEO of the Year,” an honor bestowed upon an outstanding corporate leader, nominated and selected by a group of CEO peers. This is the 29th year the award has been given, with past honorees including Bill Gates, former CEO of Microsoft, Jack Welch, former CEO of GE and Michael Dell, founder, chairman and CEO of Dell Computers. “Even iconic brands need fixing from time to time,” says JP Donlon, Editor in Chief of Chief Executive magazine. “But instead of the easy fixes, Bob Iger played the long game by addressing Disney’s cultural…