Disney's wildest ride: Iger, Chapek and the making of an epic succession mess | Paul Krugman warns China is headed for a 'very nasty fall' as Xi Jinping sounds more like a Republican than a communist | Andrey Melnichenko: ‘It’s pointless to talk about good and evil’ | Financial Times

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Disney's wildest ride: Iger, Chapek and the making of an epic succession mess    After pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney's CEO. His hand-picked successor, Bob Chapek, then Disney's parks chairman, would take over the day-to-day job of running the company, effective immediately. As part of the changing of the guard, the Disney board suggested the new CEO should take over Iger's expansive office at Disney headquarters in Burbank, California. There was just one problem. Iger had no interest in moving out. He wasn't truly leaving Disney, anyway. His succession plan allowed him to stay on as executive chairman for 22 months. Chapek would report to him and the board. Iger would also "direct the company's creative endeavors" — nebulous phrasing suggesting he would retain control of movie and TV content and operations. Continued here You Might Like � � � � � � � � � Paul Krugman warns China is headed for a 'very nasty fall' as Xi Jinping sounds more like a Republican than a communist    If China hopes to turn its economic fortunes around, it will have to be more faithful to its communist roots, Paul Krugman said. "China's an odd place ideologically. It's not actually a communist society by any normal measure," the Nobel economist said in a New York Times audio essay. "On one side, they don't like to just giving people money. They don't like people being financially independent, because they still want the government to be in control." But Beijing's refusal to provide its consumers and businesses with some kind of aid, such as through a large stimulus program, means that its current economic challenges are free to expand. Continued here You Might Like � � � � � � � � � Andrey Melnichenko: 'It's pointless to talk about good and evil' | Financial Times    Like a visit to a Russian banya, going out for lunch in Dubai in midsummer requires traversing a whole gamut of temperatures. I stumble through the 43C heat, then plunge into the air-conditioned confines of 11 Woodfire, wiping the condensation from my glasses as I seek out the sanctioned oligarch Andrey Melnichenko. The Michelin-starred restaurant in the upscale suburb of Jumeirah is a rare excursion for Russia's richest man. Seated at a corner table, Melnichenko is dressed for the weather, inasmuch as that's possible. "I don't know the city too well and I don't get out to lunch much," he tells me as he studies the menu. Vladimir Putin's full-scale invasion of Ukraine last year made Melnichenko, as he puts it, a "pariah", ending the cosy life he enjoyed in the west through the proceeds of his booming coal and fertiliser empire. Continued here

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