Bob Iger's planned departure from Disney is once again under scrutiny, as the company announced that he will step down as CEO on March 18, surrendering the job to Disney parks chief Josh D'Amaro, according to Fortune. This announcement comes after Iger postponed his retirement four times before initially handing the CEO position to Bob Chapek in 2020, only to return about three years later.
The succession plan is facing criticism from Nelson Peltz, the billionaire co-founder and CEO of Trian Fund Management. Peltz is accusing Iger of manipulating the CEO succession by pushing for D'Amaro to succeed him in order to retain power after his departure, Variety reported.
Meanwhile, in other news, the mother of "Today" show co-host Savannah Guthrie, Nancy Guthrie, was reported missing in Arizona on Sunday, NPR News stated. The Pima County Sheriff's Department issued an alert and is currently working to locate her. Sheriff Chris Nanos said that while Nancy Guthrie has mobility issues, she "is of great sound mind. This is not a dementia-related" case. She was last seen Saturday, according to the Pima County Sheriff's Department.
In Washington D.C., President Donald Trump signed a funding package to reopen much of the federal government on Tuesday afternoon, ending a four-day partial shutdown, Time reported. The measure gives lawmakers until next Friday to negotiate new funding for the Department of Homeland Security (DHS) and potentially new restrictions after the fatal shooting of two civilians by federal immigration agents last month in Minneapolis. "This bill is a great victory for the American people," Trump said as he signed the package, according to Time.
Across the Atlantic, in France, prosecutors carried out a search on the offices of Elon Musk's social media platform X on Tuesday morning, Time reported. Musk was also summoned to attend a hearing in April. The search, conducted by the cybercrime unit of the Paris prosecutors office, along with the French national cyber unit and European Union police agency Europol, marks an escalation of the ongoing investigation into X over suspected abuse of algorithms, plus allegations related to deepfake images and wider concerns over posts generated by the platform's AI chatbot, Grok. The office said the search was carried out with the objective of ensuring the compliance of the X platform with French law and in particular, a focus on X's Grok, designed by xAI, which chief prosecutor Laure Beccuau says has led to the dissemination of illegal content.
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