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Disney proxy battle is about a lot more than just two board seats
Business Insider· 2024-04-03 14:06
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBig BI news: We won our first National Magazine Award last night! It was for our impactful video on how dogs are used in prisons — which also recently led to a new law in Virginia. Congrats to eve ...
The Millionaire Makers: 7 Stealth Stocks for a 7-Figure Portfolio
InvestorPlace· 2024-04-03 13:23
Certain stocks are hidden gems in investing because they can provide considerable returns and expand a portfolio to hit the million-dollar mark. Here, seven companies offer appealing returns based on solid fundamentals.To be specific, the first one has a growing client base. The company’s impressive increase in client accounts indicates a rising user base and confidence in its services, which paves the way for long-term leads. Meanwhile, the second one has an extensive user network. The company has a far la ...
Dow Jones Today: Stock Futures Slip Following Private Jobs Data; Disney Meeting in Focus
Investopedia· 2024-04-03 13:05
Stock futures fell in premarket trading following a strong employment report that amplified concerns the Fed will delay the interest rate cuts markets have penciled in for June. ADP's monthly employment report showed U.S. private employers adding 184,000 jobs in March, more than analysts were expecting. The surprising jump in hiring, the largest since July, suggested the labor market remains resilient. That could give credence to Fed officials' claims that there's no need for them to rush into cutting rat ...
Disney shareholders to decide Nelson Peltz's board fate at annual meeting
CNBC· 2024-04-03 10:00
In this articleDISBob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty ImagesDisney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz.Voters will decide whether the company's board deserves another year together, or if candidates nominated by activist investors, including Trian Partners' Peltz, should replace certain directors.Disney's 2024 annual me ...
As Disney Proxy Fight Nears End, Succession Saga Will Keep Heat On Bob Iger Regardless Of Shareholder Vote Tally
Deadline· 2024-04-03 01:40
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 ...
Disney's largest shareholder Vanguard reportedly backing management over Peltz in board fight
CNBC· 2024-04-02 21:41
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort's Zootopia-themed attraction at Shanghai Disney Resort on December 19, 2023 in Shanghai, China.Disney's largest shareholder, index-fund manager Vanguard, plans to support management over Nelson Peltz's Trian Partners in Wednesday's board vote, Bloomberg News reported Tuesday, citing unnamed people familiar with the matter.Institutional shareholders have until Wednesday to change their vote. Vanguard ...
Nelson Peltz's Disney proxy fight may hinge on the same investors who doomed his DuPont battle nearly a decade ago
Business Insider· 2024-04-02 20:16
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe fate of Nelson Peltz's proxy fight with Disney could rely on three investors — the same investors who doomed his DuPont battle nearly 10 years ago.BlackRock, Vanguard, and State Street are amo ...
Disney's fight with Nelson Peltz will come to a head tomorrow. Here's where things stand.
Business Insider· 2024-04-02 20:07
Disney shareholders will vote for the company's board at its annual meeting on Wednesday.The vote will bring to an end a long proxy fight between CEO Bob Iger and Trian's Nelson Peltz. Disney management seemed to have the upper hand ahead of the meeting, though it's a tight race. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...
Here's What's at Stake in Disney's Proxy Battle With Nelson Peltz
Kiplinger· 2024-04-02 20:03
The Walt Disney Company's (DIS) ongoing proxy battle against Nelson Peltz's Trian Partners has intensified as the results of the shareholder vote are expected to be announced at the annual stockholders meeting on Wednesday.Trian currently owns 32.3 million shares of Disney stock worth approximately $3.5 billion and is seeking two seats on the board of directors to "improve the focus, alignment and accountability of the Board," Trian said in an open letter to Disney shareholders. Trian's campaign has garnere ...
Disney reportedly ahead of Peltz in proxy fight with more than half the votes cast
Proactive Investors· 2024-04-02 19:20
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...