Key PointsWalt Disney is facing a proxy war as billionaire Nelson Peltz aims for Disney Board of Directors seats to be voted on April 3, 2024, at the shareholder meeting.Peltz claims the Board of Directors has been unengaged, unfocused and lacking accountability in his 133-page white paper, which includes CEO succession of Bob Iger, for a turnaround of the company with shareholders in mind.Disney stated their direct-to-consumer (DTC) segment, which includes Disney+, will be profitable by Q4 2024.5 stocks we ...

Disney and activist investors have been exchanging jabs in the lead-up to the entertainment giant’s Wednesday shareholder meeting. The back-and-forth has arisen out of the ongoing proxy fights Disney is having with two entities, Trian Group and Blackwells Capital.  Proxy fight started late last yearThe Trian Group and Nelson Peltz, who founded Trian Fund Management, officially kicked off their latest proxy fight with Disney late last year. The group holds over $3.5 billion of Disney shares. GET FOX BUSINESS ...

In this articleDISDana Walden, co-chair of Disney EntertainmentRich Polk | Getty ImagesIn 1994, a captain of the media and entertainment industry saw something in Dana Walden that made him think she was capable of a bigger role.Thirty years later, that may happen again.That first time, the executive was Peter Chernin, then president of 20th Century Fox Filmed Entertainment and later president and chief operating officer of Rupert Murdoch's News Corp. Chernin plucked Walden from Fox's corporate communication ...

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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 ...

In 2023, Disney (NYSE: DIS) faced extensive boycotts that significantly reduced its market capitalization and stock performance, with DIS stock hitting multiple lows in 2023, and erasing billions in market cap. However, as of the beginning of 2024, Walt Disney stock has rebounded strongly, with its shares surging nearly 30%, to trade at $116.7 since the previous closing on March 21. This situation highlights how rapidly market sentiment can shift and underscores the opportunities available to investors who ...

In a blow to Walt Disney, activist Nelson Peltz received a powerful endorsement in his battle against the entertainment conglomerate on Thursday, when proxy advisory firm Institutional Shareholder Services (ISS) recommended shareholders elect him to the board.ISS, whose recommendations can sway hundreds of investors’ votes, said Peltz, a large Disney shareholder, could ensure the board does its job well as it tackles questions of CEO succession and strategy at the home of Mickey Mouse.The recommendation com ...

ISS Cites Disney's Operating and Stock Underperformance, Succession Failures and the Board's Need to Improve its Effectiveness Endorses Nelson Peltz as "Best Positioned" to Provide the Catalyst the Disney Board Needs Recommends Shareholders "WITHHOLD" on Lagomasino, Noting Multi-Year Concerns Surrounding Her Role on Compensation Committee and Says She "Bears More Accountability than Most for the Failed Succession Process" NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially own ...

The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023.Proxy advisory firm Institutional Shareholder Services on Thursday recommended that Walt Disney shareholders elect activist investor Nelson Peltz to the board in his fight against CEO Bob Iger.Peltz and his firm, Trian Fund Management, have asked investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board at its annual general meeting on April 3. Among ...