McKinsey Being Instrumental In Disney Restructuring Angered Several Disney's Creative Heads

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  • Walt Disney Co (NYSE: DIS) worked with consulting firm McKinsey & Co in recent months to centralize control of major spending decisions, triggering an uproar from top creative executives at the entertainment giant.
  • The discussions regarding the plan were underway in the weeks leading up to November 20, when Disney fired Bob Chapek as CEO and replaced him with his predecessor, Robert Iger, the Wall Street Journal reports.
  • Disney’s CFO, Christine McCarthy, spearheaded the wide-ranging cost-cutting effort permitted by Disney’s board and given the go-ahead by Chapek.
  • Disney hired McKinsey …

Full story available on Benzinga.com

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