Jowell Global Ltd
Change company Symbol lookup
Select an option...
JWEL Jowell Global Ltd
$NQUSB40401010N Nasdaq US Benchmark Diversified Reta
IVZ Invesco Ltd
SPLK Splunk Inc
TW Tradeweb Markets Inc
CMPGY Compass Group PLC
DZSI DZS Inc
FCPT Four Corners Property Trust Inc
UGI UGI Corp
BMI Badger Meter Inc
Go

*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Growth
Based in China
Company profile

Jowell Global Ltd is a China-based company principally engaged in providing cosmetics, health and nutritional supplements and household products through its e-commerce platform. The Company operates under four sales channels, including online direct sales, authorized retail store distribution, third-party merchants and live streaming marketing. Its product categories include health and nutritional supplements and foods, cosmetics, skin care, body care, baby and children, washing items, fragrances, food, electronics, apparel and household products.

Postmarket

Last Trade
Delayed
$0.485
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$0.485
Day's Change
-0.0097 (-1.96%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
0.52
Day's Low
0.4765
Volume
(Above Average)
Volume:
112,258

10-day average volume:
97,581
112,258

Top Disney exec Kareem Daniel to leave as Bob Iger returns

8:10 am ET November 22, 2022 (MarketWatch)
Print

By Bill Peters

In a memo, returning CEO Bob Iger says Disney will soon begin 'organizational and operating changes' in part to save on costs

Kareem Daniel, the chairman of Walt Disney Co.'s vast media and entertainment distribution segment, is leaving the company as part of an organizational reshuffling that comes a day after Robert Iger returned as chief executive, according to a company note to employees viewed by MarketWatch.

The move marks the departure of one of the top executives appointed under former CEO Bob Chapek, who was ousted Sunday as a part of Iger's appointment to the top role. Chapek took over for Iger as Disney (DIS) CEO in 2020.

Iger, in the memo, said Disney would soon begin "organizational and operating changes" to save on costs and, he said, give creative teams more influence.

"I've asked Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to work together on the design of a new structure that puts more decision-making back in the hands of our creative teams and rationalizes costs, and this will necessitate a reorganization of Disney Media & Entertainment Distribution," Iger said in the memo.

"As a result, Kareem Daniel will be leaving the company, and I hope you will all join me in thanking him for his many years of service to Disney," the memo continued.

Iger said his goal was to have a new structure for Disney in place "in the coming months." He said the company would share more information "over the coming weeks."

Disney shares were largely unchanged after hours. They rose 6.3% to $97.58 in the regular session, the stock's best day since Dec. 11, 2020.

For more: Disney stock enjoys best day in nearly two years upon Iger's return, as 'perhaps the best leader in media' is back

The media and entertainment distribution division covers all of its film and TV production and distribution -- including channels like ABC and ESPN as well as streaming services like Disney+. The division also handles content sales and licensing duties. Chapek created the new corporate structure not long after he took the helm in an effort to lean more on streaming.

Iger returned to the helm after Disney executives forecast slower sales growth in the coming year, following a quarter in which a smaller slate of theatrical releases weighed on content sales, and softer results in its parks and media segments.

According to a filing with the Securities and Exchange Commission earlier in the day, Iger's contract runs through Dec. 31, 2024 and gives him an annual base salary of $1 million, as well as a yearly bonus of up to $1 million in cash and $25 million in stock.

Opinion: 'Steve Jobs Syndrome' strikes as Disney brings back Bob Iger, but history is not on their side

He will also serve as a director on Disney's board until the company's 2023 annual meeting. The filing said the company "exercised its right to terminate without cause the employment of Robert A. Chapek as Chief Executive Office." Chapek also resigned from the board.

Iger was previously CEO of Disney from 2005 to February 2020.

Disney stock has plummeted 37% so far this year. The S&P 500 index has fallen 17% over that time.

-Bill Peters

	

(END) Dow Jones Newswires

November 22, 2022 08:10 ET (13:10 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.