The Iger M&A Doctrine, Culp’s Payout, & Gorman’s Succession Lesson

Welcome back to Dry Powder. I’m Bill Cohan. There’s no question that Disney’s Bob Iger faces a slate of challenging strategic decisions. But his latest moves—dangling assets on CNBC, the Penn deal, the Hulu price hike, etcetera—seem to smack of something akin to desperation. This afternoon, a close look at where Iger seems to be steering the ship.
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Welcome back to Dry Powder. I’m Bill Cohan.

There’s no question that Disney’s Bob Iger faces a slate of challenging strategic decisions. But his latest moves—dangling assets on CNBC, the Penn deal, the Hulu price hike, etcetera—seem to smack of something akin to desperation. This afternoon, a close look at where Iger seems to be steering the ship. And on Wednesday, I’ll turn to another “embattled” C.E.O., David Solomon, and what the departure of his longtime consigliere signals about his fate atop Wall Street’s greasiest pole.

But first…

Larry Culp’s $240 Million Payday

There are few people in business more fortunate than Larry Culp, the C.E.O. of the rapidly shrinking...

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Iger Deal Psychology

Iger may be consulting Warren Buffett (and Mayer and Staggs) about his streaming options, but in the everything-on-the-table era at Disney, well, there aren’t that many options really on the table. Herewith, a Wall Street view of a Hollywood challenge.

WILLIAM D. COHAN

Of course, Bob Iger faces a very tough slate of strategic conundrums, ranging from Disney’s stagnant and unprofitable streaming business to its profitable but declining...

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FOUR STORIES WE’RE TALKING ABOUT

Iger’s Mini Gamble

On ESPN’s $1.5B deal with Penn.

DYLAN BYERS

Tao of Shemarya

Inside the fashion-entertainment complex.

LAUREN SHERMAN

DeSantis Shadow Operators

Dissecting the “reloaded” campaign.

TARA PALMERI

Larry’s Largesse

Notes on an eight-figure anti-Trump infusion.

TEDDY SCHLEIFER

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