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March 29, 2023

Disney Fires Trump Supporting Republican Ike Perlmutter, Who Was Aligned with Nelson Peltz

He's long been a thorn in the side of #Woke Disney. He said something to the effect of "action figures of female characters don't sell to little boys," and the wokies all went insane, even though it's completely 100% true, and all of the Rey Skywalker and Marvel's Katie figures still warming the pegs at 75% discount proves that.

But the wokies are all about ideology. They hate facts. They hate reality.

Kevin Feige already manuevered to get him out of Marvel Studios, their movie making branch. Now Disney kicks him out of Marvel Entertainment, a lesser division of the dying Marvel empire.

Isaac Perlmutter, the famously frugal Marvel Entertainment chairman who unsuccessfully worked to shake up the Walt Disney Company's board in the past year, has been laid off as part of a cost-cutting campaign.

Disney confirmed the move. Mr. Perlmutter, 80, was told by phone on Wednesday that Marvel Entertainment, a small division centered on consumer products and run separately from Marvel Studios, was redundant and would be folded into larger Disney business units, according to two Disney executives briefed on the matter, who spoke on the condition of anonymity to discuss a sensitive personnel matter.

On Monday, Disney started to eliminate 7,000 jobs, about 4 percent of its global total, as part of $5.5 billion in cuts intended to improve Disney's financial results and position the company for streaming-fueled growth.

Mr. Perlmutter, known as Ike, could not immediately be reached for comment.

An irascible and unrelenting executive, Mr. Perlmutter has been seen as a distraction inside Disney for more than a decade -- most recently when he pushed for a friend, the activist investor Nelson Peltz to join the Disney board. Mr. Perlmutter contacted Disney board members and senior Disney executives six times from last August to November to push for Mr. Peltz to join the board, according to a securities filing. When he was rebuffed, Mr. Peltz started a proxy battle to put himself on the board, saying he would cut costs, revamp Disney's streaming business and clean up the company's messy succession planning.

Maybe it's time for Peltz to reassert himself.

More executives are being laid off, too.

Jeffrey R. Epstein, a vice president of corporate communications for Disney and the man who spearheaded the official Disney fan club D23, was among those laid off this week, TheWrap has confirmed.

Previously working under Zenia Mucha, the feared and respected former senior executive vice president and CCO (otherwise known as the "Director of Revenge"), Epstein is perhaps best known as the spokesperson for D23 - an official Disney fan club that included a quarterly published glossy magazine and, eventually, an official fan convention known as D23 Expo, held every other year in Anaheim, California.

That's where Kathleen Kennedy will be given her "Viking Funeral."

The long promised -- and long-resisted -- layoffs of 7000 Disney employees begins this week.

Seems like a lot of employers should be laid off. Starting with Iger, who put Disney on a collision course with failure during his first tenure of woke propagandizing and grooming children.

Disney will begin layoff notices this week for more than 7,000 staffers whose positions will be eliminated as part of a deep cost-cutting effort that will be felt across all of the company's key divisions.

Disney CEO Bob Iger confirmed Monday morning in a memo to employees that the layoffs will come in three waves, starting today. Iger disclosed the plan to significantly cut Disney's overhead with massive staff reductions on Feb. 8. The cuts are expected to hit across the board and hit senior management levels as well as lower-level executives.

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posted by Ace at 04:15 PM

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