Disney's Layoff of Marvel Chairman Ike Perlmutter Signals Changes Ahead.

Disney has laid off Marvel Entertainment Chairman Isaac "Ike" Perlmutter as part of a cost-cutting campaign. Perlmutter, who supported activist shareholder Nelson Peltz's unsuccessful bid this year to obtain a seat on Disney's corporate board, was informed by phone that Marvel Entertainment would be merged into larger Disney business units. Dan Buckley, president of Marvel Entertainment, will remain and report to Marvel Studios President Kevin Feige. Disney began to eliminate 7,000 jobs on Monday, in an effort to save $5.5 billion in costs and make its streaming business profitable.