Disney CEO Bob Iger DECLINES to respond to Elon Musk telling him ‘to go f**k himself’ over advertising boycott – as world’s richest man hangs out with Nelson Peltz who is fighting for control of company with chief
- Bob Iger cut ties with X, formerly Twitter, after the Tesla CEO endorsed an anti-Semitic conspiracy theory and Musk told the head of Disney to “go f*** own.”
- He was asked by CNBC for his reaction to Musk’s promise to fund a Disney employee’s lawsuit against the company, but he replied: ‘None’
- It comes as Musk appeared with Nelson Peltz at the premiere of drama Lola in Los Angeles on Sunday
Disney CEO Bob Iger has refused to respond to Elon Musk’s comments against him after House of Mouse removed the ads from its social media platform.
Iger cut ties with X, formerly Twitter, after Tesla’s CEO endorsed an anti-Semitic conspiracy theory and Musk told the head of Disney to “go f*** own.”
Iger was asked by CNBC on Wednesday about his response to Musk’s promise to fund a Disney employee’s lawsuit against the company, but he replied: “None.”
It comes as the world’s richest man appeared with Nelson Peltz at the premiere of independent drama Lola in Los Angeles on Sunday.
Peltz is seeking seats on Disney’s board of directors and wants him and former Disney chief financial officer Jay Rasulo to replace current directors Michael Froman and Maria Elena Lagomasino.
Disney CEO Bob Iger has refused to respond to Elon Musk’s comments against him after removing the ads from his social media platform
It comes as the world’s richest man appeared with Nelson Peltz at the premiere of drama Lola in Los Angeles on Sunday.
Musk initially hit out at Iger at the DealBook summit in November, saying, “What if someone is going to try to blackmail me with ads? Blackmail me with money? Go fuck yourself.
“Go fuck yourself, is that clear? Hey Bob, if you’re in the audience. That’s how I think about it, don’t advertise.’
About a week later, he went to X and called for the resignation of Disney’s CEO.
“He should be fired immediately,” Musk wrote. “Walt Disney is rolling in his grave over what Bob did to his company.”
Iger previously explained his company “felt that the association (with Musk) was not necessarily positive for us.”
But Musk also accused Disney of hypocrisy as it continues to advertise on Facebook and Instagram despite being accused of facilitating child sexual abuse.
CNBC asked Iger for comment on his feud with Musk. “I have to ask you about Elon Musk who tweeted overnight that after funding a fired Mandalorian actress’ lawsuit against Disney, he will fund any Disney employee who wants to sue you.
“What’s your reaction to that?” Iger replied, “None.”
Musk was pictured with Peltz in Los Angeles at the premiere of his daughter Nicola Peltz’s film Lola.
Peltz has pushed for board seats at Disney and wants the company to cut costs, turn a profit on streaming, improve its movie studio operations and clean up succession planning.
The head of the entertainment conglomerate was asked by CNBC for his response to Musk’s promise to fund a Disney employee’s lawsuit against the company, but he replied: ‘None’
Musk has accused Disney of hypocrisy as it continues to advertise on Facebook and Instagram, despite both social media sites being accused of facilitating child sexual abuse
His Trian Fund Management, which owns a $3 billion stake, or about 1.8 percent of the company, wants Peltz and Rasulo to replace Disney executives Froman and Lagomasino.
Meanwhile, Blackwells Capital, once an ally of Disney, has offered its own list of three nominees, saying it supports Iger and the changes he is making, but that even Iger “requires oversight and accountability.”
With less than a month to go before the shareholder vote, the battle for Disney is shaping up to be a three-way battle between the company and the two activist funds.
Disney has launched a website urging shareholders to reject activist investor Peltz, using some of the company’s beloved cartoon characters to encourage loyalty.
In a light-hearted video released Monday, Donald Duck’s uncle, Professor Ludwig Von Drake, instructs investors to back Disney’s list of 12 nominees ahead of the April 3 shareholder meeting.