Disney’s Abrupt Firing of Peter Rice Is Just the Latest Drama the Stock Doesn’t Need

A top executive at Walt Disney is leaving nearly a year after renewing his contract in what might be just the latest headache for the entertainment giant and its stock. The media giant said Thursday that Dana Walden would succeed Peter Rice as chairman of general entertainment content, effective immediately. Rice joined Disney (ticker: DIS) in 2019 as part of the 21st Century Fox acquisition.
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