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Why Nelson Peltz Grew Impatient With Disney's Turnaround Efforts
The activist adds shares, while the company plans changes to ESPN, Hulu and its streaming business. Source link
Illumina Names New Chief Executive
Jacob Thaysen was named to the role after Francis deSouza resigned from the gene-sequencing maker in June amid a fight with regulators. Source link
Charles Schwab Survived the Deposit Crisis. What Comes Next?
Charles Schwab is best known as the largest publicly traded U.S. brokerage firm, but it also runs a large bank that isn’t quite too big
How Allbirds Lost Its Way
Quality complaints—and intractable holes—have dogged the hot shoe company, which rolled out an assortment of new products but found environmental sustainability a tough sell. Source
Bob Iger Isn’t Having Much Fun
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Investor Group Takes Aim at Antibiotics, Demanding Changes From Fast-Food Companies
Concern over the rise of drug-resistant superbugs is spreading beyond hospital wards and health clinics to the world’s major financial centers. Source link
The Accountant Shortage Is Showing Up in Financial Statements
Advance Auto Parts and others have cited a lack of skilled accounting personnel for material weaknesses in their financial-reporting controls, a key predictor of restatements.
Icahn Gets Breathing Room From Lenders Following Short-Seller Attack
The deal unties his personal loans from the trading price of his company’s shares, increase his collateral and set up a plan to fully repay
Icahn Gets Breathing Room From Lenders Following Short-Seller Attack
Deal unties his personal loans from the trading price of Icahn Enterprises. Source link
Auditors Didn’t Flag Risks Building Up in Banks
When KPMG LLP gave Silicon Valley Bank a clean bill of health just 14 days before the lender collapsed, the Big Four audit firm flagged