The daily business briefing: June 10, 2022

Disney ousts content chief Peter Rice, prosecutors move on Wells Fargo, and more

Peter Rice.
(Image credit: Roy Rochlin/WireImage)

1. Disney abruptly fires chief content officer

In a major executive shake-up, Disney on Thursday abruptly fired its chief content officer, Peter Rice. CEO Bob Chapek reportedly let Rice go after summoning him to his office and alerting him he was no longer a fit at the company. Rice, who was apparently unaware the firing was coming, will be succeeded by Dana Walden, effective immediately. The Disney board notably issued a statement in support of Chapek.

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Brigid Kennedy

Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.