U.S. gas prices, Disney promotions, Brazilian time off: Catch up with the latest updates to Corona Capital for insights on the pandemic’s corporate and financial fallout.
a key manager to oversee the $210 billion group’s pandemic-challenged theme-park division. Chapek was until recently running the operation. Old hand Josh D’Amaro is taking the new CEO’s place as chair of the unit.
The curveball is Disney+. Kevin Mayer, who led the critical video-streaming service, is decamping to serve as CEO of ByteDance’s TikTok. Chapek tapped a theme-park colleague to fill Mayer’s spot too. Rebecca Campbell, another veteran, most recently president of Disneyland Resort, will chair the direct-to-consumer business. She has media experience including time with Disney+ in Europe and running TV stations.
In a landmark case for Europe’s data laws last year, Britain’s information watchdog hit rival British Airways with a whopping 183 million pound penalty – equivalent to 1.5% of sales – after just 500,000 people’s data was compromised. A similar amount for easyJet would have been 96 million pounds. With this year’s sales crushed by lockdowns, it may instead be on the hook for only half that. Southwest Airlines is spreading some good news, or so it seems.
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