Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company will keep its promises. If not, he told CNBC in an interview Thursday, “you’ll see me again.” Asked by host Jim Cramer if reports were true that his firm, Trian Fund Management, had made $300 million on its Disney investment, Peltz called that figure “dramatically wrong.” When Cramer wondered if the gains were actually in the $1 billion range, Peltz replied, “that sounds mo ...

Bob Iger took a victory lap this morning, a day after the company fended off activist investor Nelson Peltz in a fierce proxy battle. In an interview on CNBC, he said the fight had one positive, getting the company in closer tough with investors as it lobbied for its board slate. Peltz didn’t have much strategically to offer but he dug in on succession, as the cable net’s David Faber did today. “Clearly shareholders care about it, given what the company has been through,” Iger acknowledged, noting that a b ...

Walt Disney Co. CEO Bob Iger touted as a “win-win” the recent settlement of litigation with the Ron DeSantis-appointed special district board that oversees the company’s Florida theme park properties. At the company shareholders meeting today, Iger said that the settlement “will actually enable us to pursue the kinds of significant investment in our Florida parks.” During a long battle with DeSantis, Iger had previously raised some doubts about the company’s continued investments in its Florida properties. ...

Scoring a big and costly win Wednesday against Nelson Peltz’s second attempt to get on the Disney board, Bob Iger was both gracious and a little biting in victory. Once the vote results were announced this morning during Disney’s annual meeting of shareholders, the past and present CEO address the virtual meeting to thank “shareholders for your trust and confidence in the Disney board and management and the ambitious strategy we’re implementing across our businesses to build for the future.” Of course, hav ...

Disney has succeeded in barring Nelson Peltz from its board of directors as shareholders at the company’s hotly anticipated annual meeting today have voted for its slate of 12 nominees, fending off outsiders. It was a months-long bitter and costly fight. The numbers are preliminary with official results still to be formally announced. But according to Disney, this was Peltz’ biggest-ever loss in a proxy fight, and he’s engaged in a few. Peltz received less than 31% of the vote. CEO Bob Iger, also on the b ...

The minutes are ticking down to the close of Disney’s bitter proxy fight with Nelson Peltz, whose attempt to scale the board is a direct challenge to CEO Bob Iger. Barring any hanging chads, results from voting for members of the board of directors will be revealed Wednesday at the company’s annual shareholder meeting at 1 p.m. ET / 10 a.m. PT. (Polls officially close at 11:59 p.m. ET tonight.) Iger fought, and authorized the spending of $40 million, to quash the interloper activist investor, but win or lo ...

Around 100 hours before the deadline for all Disney shareholders to cast their ballots in the acrid board clash between the Mouse House and activist investor Nelson Peltz, one of the country’s top pension funds just rolled its cannons onto the battlefield. With 6.7 million shares in Disney, the California Public Employees Retirement System (CalPERS) just blew a hole through Bob Iger and supporters’ hard fought efforts to keep the Ike Perlmutter-backed Peltz and a former CFO from gaining seats on the board ...

Disney and its current CEO, Bob Iger, have secured the backing of Iger’s onetime boss, former Chairman and CEO Michael Eisner. In a statement posted to social media, Eisner didn’t name Nelson Peltz, whose Trian Fund Management is mounting an offensive to win two seats on Disney’s board at the April 3 annual shareholder meeting. But the longtime media exec wrote that “bringing in someone who doesn’t have experience in the company or the industry to disrupt Bob and his eventual successor is playing not only ...

Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario. Shares in the media company had dropped 5% by mid-day, to below $12, after the Financial Times reported that controlling shareholder Shari Redstone is “unconvinced” by the private equity offer. Apollo’s offer, which valued just the studio at more than the entirety of Paramount Global, pushed the stock up 12% on Wednes ...

The Justice Department and more than a dozen state attorneys general have sued Apple, claiming that the tech giant has an illegal monopoly over the smartphone market. Attorney General Merrick Garland will appear at a press conference this morning to detail the lawsuit. In a statement, per Reuters, he said that consumers “should not have to pay higher prices because companies violate the antitrust laws. If left unchallenged, Apple will only continue to strengthen the smartphone monopoly.” The lawsuit is th ...