Share Tweet Facebook Share Link Shares of Disney, the parent company of ABC and ESPN, are plummeting.
Disney shares fell nearly 10% in after-hours trading Monday, with the stock down more than 8% since the end of March.
Disney’s stock is down more now than it was at the start of the year, when the company posted record profits and posted a revenue of $14.6 billion.
Disney’s stock has lost more than 25% of its value since the beginning of March, the Bloomberg Billionaires Index shows.
In fact, Disney shares have fallen about as much as the Dow Jones Industrial Average has in the last month.
Disney is down 14% so far this year, according to the Bloomberg Index.
The Dow is down 16.4%.
The S&P 500 is down just 4%.
And that’s just the top 20 stocks.
The index is tracking a broad swath of companies with annual revenue of more than $1 billion, or that report earnings in excess of $1.5 billion.
The index tracks the S&s 500, which is up just 1.5% sofar this year.
And it tracks the Russell 2000, which fell 4% over the past three months.
But in each case, it tracks a broader swath of industries, and a wider swath of sectors.
And the companies that have lost the most from Disney’s collapse include:Adrian Chen, the chief financial officer at the consumer financial service company Acxiom, has resigned, the company announced.
Chen had been at Acxiem since 2007.
He had been with the company for just over a year when it was acquired by Acxim.
He was the former CEO of Bank of America Merrill Lynch.
He previously worked as a senior director at McKinsey & Company and served as chief financial analyst for PricewaterhouseCoopers.
He also has served as a chief investment officer at Morgan Stanley and has served on the boards of numerous other firms.
He retired in December.
Mark Zandi, the head of Moody’s Analytics, also has resigned.
Zandi had been director of the Moody’s credit ratings and investment services division since 2014.
He joined the firm in 2013 and was promoted to head of investment research and operations in November 2016.
He has served for 15 years at the company, and was the director of its ratings and credit quality for the first four years of its existence.
Zandi previously served as an analyst at Fitch Ratings and as a principal analyst for Credit Suisse.
He served on Moody’s global risk and credit ratings committee.