Disney Lays Off Ike Perlmutter, Chairman of Marvel Entertainment

Isaac Perlmutter, the famously frugal Marvel Entertainment chairman who unsuccessfully worked to shake up the Walt Disney Company’s board in the past year, has been laid off as part of a cost-cutting campaign. Disney confirmed the move. Mr. Perlmutter, 80, was told by phone on Wednesday that Marvel Entertainment, a small division centered on consumer … Read more

UBS Taps an Ex-C.E.O. to ‘Pilot’ its Takeover of Credit Suisse

Sergio Ermotti will return as C.E.O. of UBS on April 5.Credit…Michael Buholzer/EPA, via Shutterstock A Swiss chief returns UBS unexpectedly said on Wednesday that it was bringing back Sergio Ermotti as C.E.O., as the Swiss bank begins the tough task of digesting its archrival, Credit Suisse. It’s another sign of how tricky UBS considers the … Read more

Macy’s Says Tony Spring Will Succeed Jeff Gennette as C.E.O.

Macy’s is shuffling its leadership team, announcing on Wednesday that Jeff Gennette, the chief executive since 2017, will retire in February after four decades with the department-store chain. He will be succeeded by Tony Spring, who runs the company’s luxury Bloomingdale’s chain. Adrian Mitchell, 49, who has been Macy’s chief financial officer since November 2020, … Read more