(UnitedVoice.com) – Disney has been in the news quite a lot in recent months. The company took on Florida Governor Ron DeSantis (R), adopted multiple “woke” policies, and ousted its CEO, Bob Chapek, bringing back its former Chief Executive Robert Iger. Now, the company has let another top official go.
On March 29, Disney cut ties with the head of Marvel Entertainment, Ike Perlmutter. The company said the reason for his dismissal was due to budget cuts in its administrative and content departments. This reportedly equates to $5.5 billion and 7,000 jobs.
The chairman didn’t go quietly, though. He released an official statement on the matter, making it clear that he was not laid off but terminated. Perlmutter says the problem lies within his approach to the job, which is less focused on creativity and Hollywood and more on the bottom line. He says people who know him are “well aware of [his] fixation on fiscal discipline to improve efficiency.”
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Perlmutter, who is 80 years old, also gave a rare interview to The Wall Street Journal, which published an exclusive detailing the chairman’s exit. The outlet noted that Perlmutter isn’t the typical type of employee Disney is known for because he questioned decisions and wasn’t afraid to go to the head honchos — or even call up Governor Ron DeSantis — to detail what he perceived as missteps. He refuted a company statement that general counsel Horacio Gutierrez explained the budget cuts as a reason for his dismissal. Instead, he said, “it was merely a convenient excuse” to get rid of someone “who dared to challenge the company’s way of doing business.”
Despite Perlmutter’s exit, this is not the end of him. He is currently the largest stockholder Disney has — at around 30 million shares and $3 billion — and plans to use this influence to “seek improvements at the company.”
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