Ike Perlmutter Departs Disney/Marvel After Activist Campaign and Layoffs.

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Source: Fortune
Ike Perlmutter Departs Disney/Marvel After Activist Campaign and Layoffs.
Photo: Fortune
TL;DR

Disney has fired Marvel Entertainment chairman Ike Perlmutter, who had backed an activist campaign against the company's CEO Bob Iger. Perlmutter, who established Marvel Studios as the future of Hollywood with 2008’s Iron Man, was laid off via phone as part of cost-cutting measures. Marvel Entertainment will be folded into larger Disney units, while Perlmutter’s co-president and chief counsel were also laid off. The layoff of Perlmutter comes days after Disney announced it would cut 7,000 staff amid financial difficulties and rising costs.

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