Entertainment <\/p>\n
\n\tPresident-elect Donald Trump<\/a> praised Isaac \u201cIke\u201d Perlmutter, the former chairman of Marvel Entertainment, at an event Monday night at the Mar-a-Lago club in Palm Beach, Fla. <\/p>\n \n\t\u201cThe guy went from stone-cold broke to owning Disney,\u201d Trump said of Perlmutter<\/a> in front of his supporters at his private south Florida estate. \u201cThen he got out of Disney because they went woke. He didn\u2019t want woke Donald Duck, right?\u201d<\/p>\n \n\tDisney laid Perlmutter off in 2023 after his division \u2014 which was separate from Marvel Studios \u2014 was absorbed into other units of the company due to cost-cutting measures. Earlier this year, the Marvel ex-chairman sold all of his Disney stock<\/a> \u2014 about 25.6 million shares \u2014 for almost $3 billion, according to a report by the Wall Street Journal. At the time, Perlmutter said he expects Disney\u2019s stock to continue to drop \u2014 and that if the share price falls to $65-$75 per share, he plans to repurchase much of his previous stock holdings, per the Journal report.<\/p>\n \n\tPerlmutter, who took control of Marvel Entertainment in the 1990s, became a major shareholder in the Walt Disney Company when, in 2009, he sold Marvel Entertainment to the media conglomerate for more than $4 billion. As chairman of Marvel Entertainment, he famously fought Marvel Studios chief Kevin Feige over making \u201cBlack Panther\u201d and \u201cCaptain Marvel\u201d on the belief that movies led by Black or female characters would not be commercially successful. However, Disney CEO Bob Iger intervened to overrule Perlmutter. <\/p>\n \n\tPerlmutter was among the entertainment figures in attendance at Trump\u2019s Mar-a-Lago event on Monday night. Another notable attendee included actor Sylvester Stallone, who, as seen in a video<\/a> circulating online, stood near Trump while the president-elect spoke about Perlmutter.<\/p>\n<\/div>\n\n\t\t\tPopular on Variety\t\t<\/h3>\n<\/p><\/div>\n