Disney officially has a new CFO — just ahead of earnings later this week

) executive Hugh Johnston will be the new Senior Executive Vice President and Chief Financial Officer of the media giant, effective December 4.

McCarthy, a close confidant of Iger, had been Disney's financial chief for eight years, and served as a strategic advisor to assist with the process of identifying and onboarding a long-term successor. Kevin Lansberry, executive vice president and CFO of Disney Parks, Experiences, and Products, had served as interim CFO.

FILE - The Cinderella Castle is seen at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla. Since allies of Florida Gov. Ron DeSantis took over Walt Disney World's government earlier this year, morale and trust have deteriorated, the governing district has been politicized and cronyism permeates the organization, according to many employees who have departed in recent months.

Legendary investor Charlie Munger blasted gamblers, touted Heinz and Hermès, and revealed Warren Buffett's views in a rare interview this week. Here are his 22 best quotes. November is typically the best month for stocks. A quirk among mutual funds may explain the weird phenomenon and point to big gains into year's end

Source: News Formal (newsformal.com)

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