Disney (DIS) has announced that outgoing Morgan Stanley CEO James Gorman (MS) and Former CEO of Sky Jeremy Darroch (CMCSA) will be joining the multinational media company's board of directors while former Illumina CEO Francis deSouza (ILMN) will not seek re-election. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development from Disney and what it for CEO Bob Iger's business strategy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Disney CEO Bob Iger said the company is hard at work to find his replacement. Here's what he had to say on that topic, and other matters, at the New York Times DealBook Summit.
(Bloomberg) -- Walt Disney Co. appointed Morgan Stanley Chief James Gorman and veteran media executive Jeremy Darroch to its board of directors ahead of an expected proxy fight.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterHenry Kissinger, Secretary of State in 1970s Crises, Dies at 100Bond Yields Fall on Signs Fed Is in ‘Sweet Spot’: M