Disney CEO Bob Iger appears to have the upper hand in his effort to stave off a proxy battle from activist investor Nelson Peltz’s Trian Partners.With the votes of more than half of all shares counted, Disney has pulled ahead of Trian thanks to the backing of asset management giants BlackRock and T. Rowe, according to a Reuters report.Peltz, who has questioned Iger’s leadership and business strategy, aims to snatch two seats on the company’s board of directors — one for himself and one for former Disney chi ...

Disney CEO Bob Iger and his company are mired in the most expensive proxy fight ever leading up to ... [+] Wednesday's Disney shareholder meeting.Getty Images for Disney T The grouse within the Mouse House will come to a head on Wednesday. After months of contention stirred by Disney activist shareholder Nelson Peltz within the media and behind closed doors over the direction of the company, Disney holds its annual shareholder meeting at 11 a.m. Pacific Time, when the new slate of corporate board directors ...

In 2015, Nelson Peltz's Trian Partners was defeated in an activist campaign against chemical firm DuPont, largely because the top three institutional shareholders voted against his slate. Nearly a decade later, those same institutional investors — Vanguard, State Street and BlackRock — are the three largest shareholders in Disney. And they could make or break Peltz's campaign against the board that's backing CEO Bob Iger.BlackRock, a 4.2% Disney shareholder, is backing management, the Wall Street Journal re ...

LOS ANGELES, CALIFORNIA - NOVEMBER 18: Disney Executive Chairman Bob Iger attends the Exclusive ... [+] 100-Minute Sneak Peek of Peter Jackson's The Beatles: Get Back at El Capitan Theatre on November 18, 2021 in Hollywood, California. (Photo by Charley Gallay/Getty Images for Disney)Getty Images for DisneyDisney stock has been rising — up 33% this year — under the second leadership term of CEO Bob Iger.Activist investor Trian Fund Management — which controls about 32.3 million shares, or 1.8% of the total, ...

In this articleDISHarrison Ford returns as Indiana Jones in "Indiana Jones and the Dial of Destiny."DisneyDisney has struggled to return to the lofty box office records of 2019 — and that may have helped open the door for its recent troubles with activist Nelson Peltz.Just four years ago, the studio had seven billion-dollar films, which contributed to a global box office haul of more than $13.2 billion. Its studio entertainment segment posted revenue of $11.1 billion and operating income of $2.69 billion th ...

Recent years brought about the emergence of stock market strategies seeking to follow the lead of U.S. elected officials who have increasingly proven to be highly successful traders.While the former Speaker of the House, Nancy Pelosi, likely comes to mind first in any discussion of Congressional trading, it is noteworthy that for all her successes, there have been both politicians and politician-tracking trading bots that achieved higher returns.For example, Representative Brian Higgins boasted the highest ...

The most recent trading session ended with Walt Disney (DIS) standing at $121.53, reflecting a -0.68% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.2% for the day. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.11%.Prior to today's trading, shares of the entertainment company had gained 9.3% over the past month. This has outpaced the Consumer Discretionary sector's gain of 0.59% and t ...

The search for Disney’s next CEO has become a chaotic mess as activist investors push for seats on the company’s board — and Hollywood insiders are skeptical that any of the top contenders will be ready when Bob Iger is slated to step down in 2026. The Mouse House is hoping to fend off billionaire Nelson Peltz and his firm Trian Fund Management, who are demanding two board seats in a fierce proxy battle that will come to a head at the company’s annual shareholder meeting on Wednesday. The heat is on to get ...

Walt Disney's (DIS -1.21%) stock price has surged to its highest level in almost two years. But Needham & Company's equity research team thinks shares of the entertainment giant have more room to run.Analyst Laura Martin just reiterated her firm's "buy" rating while boosting the price target for Disney shares from $120 to $145 per share. That comes as the stock surpassed the $120 per share level for the first time since August 2022. The new price target would represent a gain of 20% from the stock's current ...

Disney's proxy battle is expected to cost the company and rival hedge funds at least $70 million.That's because retail investors make up a big chunk of Disney shareholders, and it's expensive to reach them.The outcome of the shareholder vote could change Disney's direction, but its impact is still uncertain. 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 pers ...