Morning Brew Daily Why Companies Do Layoffs Before the Holidays & Disney's Board Battle
Dec 15, 2023
Explore the reasons behind recent corporate layoffs before the holidays, from safety concerns to financial struggles, featuring companies like Etsy and Hasbro. Dive into Disney's board battles as an activist investor pushes for change amid declining film performance. Discover the booming coffee shop scene in China, where local brands rise to challenge Starbucks. Finally, learn valuable business lessons from Willy Wonka's creative marketing strategies that drive consumer loyalty and engagement.
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Disney Board Battle
- Activist investor Nelson Peltz is fighting for board seats at Disney, citing the company's struggles.
- He believes the current board is too close to CEO Bob Iger and out of touch with shareholder desires.
Peltz's Activist Strategy
- Nelson Peltz's actions at Disney resemble a hostile takeover, but he aims to influence management, not buy the company.
- By accumulating shares and appealing to shareholders, he pressures the board to improve performance.
China's Coffee Boom
- China surpassed the US as the largest branded coffee shop market, with 49,000 vs. 40,000 locations.
- Chinese upstarts Luckin and Cottey cater to local tastes, challenging Starbucks' dominance.