Natasha Lamb, Arjuna Capital co-founder, joins ‘Squawk Alley’ to make the case for why her firms says Disney remains too risky as an investment right now.
“Going back to Bob Iger (Chairman of Disney and past CEO) stepping out, he really built a media business, this year is about the media business. You know that we look at the environmental social and governance factors, the ESG factors, of companies and we see a governance concern there. He stepped down right as Covid hit. He saw the writing on the wall and what was happening in China with the parks (closing) and he’s been replaced by Bob Chapek who headed up the parks. And I don’t believe that’s really the expertise that Disney needs right now.”
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