Part 7/12:
Meanwhile, Disney’s leadership, including Christine McCarthy (former CFO), had fought tooth and nail to keep Peltz out, viewing him as an outsider lacking the necessary entertainment industry experience, despite his track record as a successful activist investor. They notably extended an invitation to a veteran Disney executive, Jay Raso, a former CFO with nearly three decades at Disney and deep operational expertise, positioning him as a seasoned insider yet also a possible challenger to Iger’s narrative.