by CFRA director of equity research Kenneth Leon and New Street Research managing partner Jonathan Chaplin discuss whether Disney or rival Comcast is the best stock for investors to own on ‘The Claman Countdown.’
Disney employees are pushing back against the company’s announcement that it will return to four days a week of personal work.
More than 2,300 workers have signed a petition addressed to CEO Bob Iger urging executives to abandon the planned return to offices, claiming it “is likely to have unintended consequences that would harm the company long-term.”
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| DIS | THE Walt Disney Co. | 105.22 | -0.61 | -0.58% |
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“This policy will slow, or even reverse, our post-COVID recovery and growth by creating critical resource shortages and an irreplaceable loss of institutional information,” the employee petition reads.
Robert Iger attends the Stella McCartney “Get Back” Capsule Collection and Peter Jackson’s “Get Back” documentary release at The Jim Henson Company on Nov. 18, 2021, in Los Angeles. (Rich Fury/Getty Images/Getty Images)
Iger’s original email announcing a return to pre-pandemic workspaces, obtained by FOX Businessthey informed Disney employees of the policy change taking effect on March 1st.
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At that time, those “currently working in a hybrid fashion will be asked to spend four days a week on site, targeting Monday through Thursday as personal work days,” according to the email.
He cited the “tremendous value of being with the people you work with” as he explained his rationale for the change, noting that he was holding meetings with various teams across the country. Disney from returning to the company.
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In this handout photo provided by Walt Disney World Resort, guests walk down Main Street, USA at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020, in Lake Buena Vista, Florida. (Kent Phillips/Walt Disney World Vacation via Getty Images / Getty Images)
“As you’ve heard me say many times, creativity is the heart and soul of who we are and what we do at Disney,” Iger said in the email. “And in a creative business like ours, nothing can replace the ability to connect, observe, and create with peers that comes from being together physically, or the opportunity to grow professionally by learning from leaders and mentors. “
Aislinn Murphy of Fox Business contributed to this report.
