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BREAKING
Sheikh Youssef al-Jarbou: The complete integration of Sweida into the Syrian state and the affirmation of the full sovereignty of the Syrian state
Sheikh Youssef al-Jarbou: Respect the sanctity of homes and the lives of civilians and not harm any home or private property within the city
Sheikh Youssef Al-Jarbou: Hiring competent police officers and personnel from the Sweida Governorate to manage the security file in the governorate
Sheikh Youssef al-Jarbou: Deploying internal security and police checkpoints from the state and police personnel from the Sweida Governorate in the city of Sweida
Sheikh Youssef al-Jarbou: Forming a monitoring committee composed of the Syrian state and honorable [Druze] sheikhs to oversee the implementation of the ceasefire
Sheikh Youssef al-Jarbou: A complete halt to all military operations immediately and a commitment by all parties to stop the military escalation
Statement of the Druze Community in Syria regarding the ceasefire agreement
Source in the Syrian Ministry of Interior told SANA: A ceasefire agreement has been reached in Sweida, and security checkpoints have been established in the city
Israeli media: An airstrike carried out by an Israeli drone targeted the Syrian Defense Ministry building in the capital, Damascus.
Local Syrian sources: A doctor was killed while trying to reach the government hospital in the city of Sweida.

Disney brings back former CEO Bob Iger two years later

  • By Al Mayadeen English
  • Source: Agencies
  • 21 Nov 2022 09:02
  • 1 Shares
3 Min Read

Iger's leadership contributed to Disney's production of a number of record-setting films including Marvel's "Avengers: Endgame," the highest-grossing film of all time.

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  • Bob Iger (Variety)
    Bob Iger (Variety)

Disney announced on Sunday that chief executive Bob Chapek, after two years as Disney CEO, was out - bringing back former CEO Bob Iger to take the lead.  

In its statement, Disney relayed that the change would take effect immediately, adding: "We thank Bob Chapek for his service to Disney over his long career," per Susan Arnold, chair of Disney's board.

The board of directors decided that as the company "embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead."    

Disney, whose stock has fallen 41% this year, hosted Iger as its CEO for 15 years, increasing the media conglomerate's market capitalization five-fold during that time. In 2020, Iger promoted Chapek as his replacement but their relationship went downhill this year. 

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"I am deeply honored to be asked to again lead this remarkable team... through unrivaled, bold storytelling," Iger said. During his time, Disney acquired Pixar, Marvel, Lucasfilm and 21st Century Fox, opened its first theme park in China, the Shanghai Disney Resort, and launched the Disney+ and ESPN+ streaming services. 

In addition, Iger's leadership contributed to Disney's production of a number of record-setting films including Marvel's Avengers: Endgame, the highest-grossing film of all time, as well as Frozen, Frozen 2, and Marvel's Black Panther.

Repair Disney's "balance sheet from hell"!

Disney's total revenue of $28.7 billion for the fiscal year was recorded during Chapek's time which ended October 1, 2022. He reported earlier this month that 12.1 million were new subscribers to Disney+, increasing its global total to 164.2 million. Disney's Hulu and ESPN+ also saw a one million increase and 1.5 million, respectively.    

However, in light of the pandemic's lingering effects, Chapek announced last week company-wide cost-cutting measures, hinting at possible layoffs. Increasing operating losses were reported for streaming services as well, which almost doubled to $1.47 billion last quarter.    

As a result of that, the host of CNBC's Mad Money show, Jim Cramer, urged Disney to kick Chapek to the curb and repair Disney's "balance sheet from hell."  

Read next: Disney, Warner, Sony halt release of films in Russia

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  • Bob Chapek
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  • Bob Iger

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