Does Disney need a CTO?
Hedge fund Blackwells Capital, which owns about $5 million worth of Disney stock (a drop in the bucket compared to Trian’s $3 billion), is pressing Disney to create a CTO position that oversees all technology and innovation at the company, arguing that without someone in that role, the company will never be valued as high as a technology firm.Right now, Disney essentially has two CTOs on staff—Aaron LaBerge, president and CTO of Disney entertainment and ESPN; and Gail Evans, EVP and chief digital and technology officer…