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Tag: proxy battle

Disney CEO Bob Iger Under Attack in NEW 133-Page Memo from Activist Investor

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The Walt Disney Company is in the middle of a proxy battle with activist investor, Nelson Peltz, who is petitioning to get a seat on the Company’s Board of Directors. Trian Partners nominated Peltz to be elected to the Board, but the current board does not endorse him.

©Disney | Walt Disney Company Headquarters

Both Disney and CEO Bob Iger have urged shareholders to vote against Peltz and pals in the upcoming shareholder meeting on April 3rd, with some help from cartoon allies and Walt Disney’s own grandchildren. But now, Peltz has penned a new memo detailing just how poor of a job he thinks Iger is doing.

[Read more…]

2 BIG Announcements We’re Expecting From Disney Today

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Well, 2024 has already been a HUGE year for Disney, and we’re just getting started.

©Disney

During the Q1 2023 earnings call in February, we learned more about how the streaming business has been doing, how profitable the parks have been, and more. Well, Disney CEO Bob Iger will soon be participating in the Morgan Stanley Technology, Media, & Telecom Conference, and he will be part of a question-and-answer session. So what will Iger discuss? Here’s what we’re predicting.

[Read more…]

Disney Grandchildren Say Activist Investors ‘Must Be Defeated’

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Disney isn’t just doing battle with Florida Governor Ron DeSantis.

©Disney

The company is also in the middle of a proxy battle with an activist investor, Nelson Peltz, who is petitioning to get a seat on The Walt Disney Company’s Board of Directors. Trian Partners recently nominated Peltz to be elected to the Board, but the current board does not endorse him. Well, it seems that some people very close to Walt Disney himself also do not support Peltz and his efforts.

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NEWS: Bob Iger’s Biggest Villain Has Some New Competition

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For over a year now, Nelson Peltz has earned the title of “Bob Iger’s Biggest Villain.”

©The Walt Disney Company

Gaining important supporters and working to become part of the Walt Disney Company board of directors, Nelson Peltz has made a name for himself as the man who wants to take over Disney. He had recently acquired roughly 33 million shares of the Disney company, giving him lots of pull with the board. He has shared that when time comes in December, he’ll be on the hunt for more than just one seat at the board. But now, it turns out Nelson Peltz might have some competition.

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NEWS: Bob Iger’s Biggest Villain Has Just Gained a Controversial Ally

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Disney stock is at its lowest it has been for the past decade. But early Monday morning it saw a momentary 0.61% increase.

Cinderella Castle

But why on Monday morning after a low-key, uneventful Disney weekend would we see a sudden rise in stock prices? It might have to do with the name Nelson Peltz being back in the media. After several months of not hearing this name associated with Disney, he’s found a way back into the Disney spotlight, and this time he’s looking for more than just one seat on the Walt Disney Company board.

[Read more…]

Bob Iger’s “Fight for the Future of Disney” Is OVER

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Disney has been in the middle of a huge battle lately, but it has finally ended.

©Disney | Walt Disney Company Headquarters

Activist investor Nelson Peltz and his company (Trian Partners) had initiated a proxy battle at the Walt Disney Company. Peltz’s goal was to get a seat on the Board of Directors at Disney to champion some of the changes he thought needed to be made within the Company. Disney had refused to add Peltz to the board despite Peltz having various meetings with them, and Disney made it clear that they did NOT support Peltz’s move to encourage shareholders to vote for him to grab a seat from another director. One reporter even called this proxy situation Bob Iger’s “fight for the future of Disney.” But it seems the fight is now over.

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Can Activist Investors Derail Bob Iger’s Board at Disney?

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Bob Iger returned as Disney’s CEO last November, and he’s made some major changes in the short time that he’s been back. But could a proxy battle with an investor group mean even MORE changes on the horizon?

Bob Iger ©New York Post

Nelson Peltz is an activist investor who has taken a keen interest in The Walt Disney Company. Peltz has some strong opinions about the direction of the company, and he is demanding a seat on the company’s board so that he can get to work making those changes. But how likely is Peltz to succeed, and what could change if he does? We’re diving into all the details here.

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Investor Wants Disney to FIRE Board Member

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The Walt Disney Company is preparing for its annual shareholders’ meeting, where board members will vote on the next chairman.

©Disney | Walt Disney Company Headquarters

But, who the next chairman will be remains unclear, as Disney has been emblazoned in a proxy battle with activist investor Nelson Peltz. Peltz (and his firm the Trian Group) has shared he believes Disney has “lost its way” and that he’s the right man to lead them back. And now, we’ve got another update ahead of the shareholders’ meeting.

[Read more…]

Who Is Nelson Peltz and Why Do People Care What He Says About Disney?

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Disney is in a proxy battle with an activist investor who is petitioning for a seat on the Board of Directors. And if that sentence thoroughly confuses you, we’re here to help you sort out exactly what’s going on with Nelson Peltz and Disney.

©New York Times Nelson Peltz of Trian Partners

You’ve likely seen many headlines over the last few days about Nelson Peltz, the Trian Group, and Disney. But who exactly is Nelson Peltz, and why does he care so much about Disney? Here’s a full, simple breakdown of the Peltz-Disney drama. [Read more…]

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