Tag: Nelson Peltz
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After Losing Proxy Fight, Nelson Peltz Reportedly Sells All Disney Stock
After recently losing a proxy fight with The Walt Disney Company leadership, activist investor Nelson Peltz has reportedly sold off all of his Disney stock. CNBC is reporting that he did this at a profit of over $1 billion. Peltz sold his stock at $120 a share. Currently, Disney stock is trading at around $100…
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Disney Reportedly Fends Off Proxy Fight Foes
The Walt Disney Company has reportedly had its full slate of 12 nominations reach a point where they will be elected to Disney’s Board of Directors. This means that the company has successfully fended off the efforts of Trian Group and also Blackwells Capital. This is according to Reuters. As of Tuesday night, there were…
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The Walt Disney Company To Webcast Annual Shareholder Meeting
The Walt Disney Company will be webcasting its annual shareholder meeting on April 3, 2024 at 10:00 AM PT. The meeting will include comments by Disney CEO Bob Iger and other leaders from the company. It will also mark the end of the current proxy fight that Disney has predominantly with Nelson Peltz and his…
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The Walt Disney Company Releases List of Major Disney Shareholders and Influential Business Figures Who Support Disney CEO Bob Iger and Board of Directors
As the ongoing proxy fight ramps up to its conclusion at the Disney annual shareholder meeting on April 3, The Walt Disney Company has released a list of Major Disney Shareholders and Influential Business Figures who have come out in support of Disney CEO Bob Iger and Disney’s Board of Directors. Many of these supporters…
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Laurene Powell Jobs Joins in Supporting Bob Iger and Disney Board Amidst Ongoing Proxy Fight
More and more hats continue to get thrown into the ring of the ongoing proxy fight for the future of The Walt Disney Company and its Board of Directors. This week has seen Josh Gad, former Walt Disney Imagineering President Bob Weis, and former Disney CEO Michael Eisner all join the fray and voice their…
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Former Disney CEO Michael Eisner Joins Growing Chorus of Support for Current Disney CEO Bob Iger and Disney’s Board of Directors
Former Disney CEO Michael Eisner has jumped into the fray of the ongoing proxy fight that is predominantly between Disney CEO Bob Iger and Nelson Peltz (and his Trian Group). This fight is over the future of The Walt Disney Company and the Board of Directors that will lead it. Disney has laid forth its…
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Glass Lewis Endorses Bob Iger in Disney Proxy Fight
Glass Lewis has endorsed the leadership efforts of Bob Iger and his team in an ongoing proxy fight ahead of Disney’s annual shareholder meeting next month. Glass, Lewis & Co. (Glass Lewis) recommended that shareholders vote the WHITE proxy card in support of all of Disney’s 12 director nominees (and no other nominees) at the…
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JPMorgan Chase CEO Backs Disney CEO Bob Iger in Ongoing Proxy Fight
The CEO of JPMorgan Chase, Jamie Dimon, has backed Disney CEO Bob Iger in the ongoing proxy fight between Disney and Nelson Peltz’s Trian Partners. In a statement released to CNBC, Dimon endorsed Iger’s plans and efforts and warns of the risks that come from the efforts of Nelson Peltz and others. “Bob is a…
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Disney Warns That Activist Investor Nelson Peltz is “Disruptive and Destructive” in New Video
A new video that was released by Disney asks the question, “what’s the harm in letting activist investor Nelson Peltz or Jay Rasulo have a seat on Disney’s board.” This video, that feels much like a political ad, goes on to build a case for the exact harm that could happen if Peltz and Rasulo…
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ValueAct Capital Reiterates Support For Disney As Proxy Fight Continues
ValueAct Capital reiterated its support for The Walt Disney Company as billionaire Nelson Peltz’s Trian Fund Management continues to push its agenda in a proxy fight for seats on Disney’s board. “As legacy technologies transition to digital platforms, we believe Disney can lead the media industry forward,” ValueAct Co-CEO Mason Morfit said in a statement.…
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Disney Family Rallies Around Bob Iger Against Nelson Peltz Proxy Fight
It’s a continuous battle with good versus evil as the Nelson Peltz proxy fight continues against Disney. This time, the extended Disney family, which includes the grandchildren of Walt and Roy Disney, are joining forces to oppose Nelson Peltz, an activist investor who is waging a proxy battle for board seats. There are nine heirs…
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Activist Investor Nelson Peltz Accuses Disney of Throwing “Spaghetti Against The Wall” With Recent News Releases
Activist investor Nelson Peltz wants a seat on Disney’s Board of Directors. He also wants former Disney CFO Jay Rasulo to have one. With his Trian Partners, Peltz is pushing for just that. This last week it appeared that these efforts got quite a bit harder. With Disney announcing stronger than expected earnings coupled with…
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Ludwig Von Drake Enlisted to Assist Disney With Shareholder Proxy Fight
Disney has sent a video to preferred shareholders in which Ludwig Von Drake assists in telling shareholders how to vote. The video is cute, entertaining, and informative. It also arrives as Disney is fending off proxy battles with Trian Partners and Blackwells Capital. It comes ahead of the April 3 annual shareholder meeting. It also…
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Nelson Peltz Attacks Disney After Bid to Join Board is Rejected
After Disney rejected Nelson Peltz’s efforts to join the board (shareholders could still choose otherwise), the activist investor is lashing out at the company. Peltz said that the company is suffering from “self-inflicted wounds” and should be aiming for “Netflix-like margins.” On Thursday in a proxy statement, Peltz said that Disney needs an overhaul of…
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Disney Makes Case for Rejection of Nelson Peltz’s Board Nominations
On Tuesday, The Walt Disney Company rejected Nelson Peltz’s nominations for its board of directors. The Nelson Peltz-led Trian Fund Management, L.P. and its affiliates had nominated Nelson Peltz and former Disney CFO Jay Rasulo to the board. This effort was also backed by former Disney executive Isaac Perlmutter, who was let go during cuts made…
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The Walt Disney Company Releases Statement on Trian’s Board of Directors Nominations
The Walt Disney Company responded to the nominations by Trian Fund Management, L.P. for the board of Disney. Today, Trian nominated both its CEO Nelson Peltz and also former Disney CEO Jay Rasulo to be on Disney’s board. “As Disney’s largest active shareholder, we can no longer sit idly by as the incumbent directors and…
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Disney Releases Statement in Response to Nelson Peltz and Board of Directors
The Walt Disney Company has released a statement in response to a statement that was released by Nelson Peltz, a founding partner of Trian. This was in regards to the the company as a whole and also its Board of Directors. This comes as Peltz continues to make moves to get two seats on Disney’s…
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Activist Investor Nelson Peltz Prepares for Another Run at Disney Board Seats
Activist investor Nelson Peltz is preparing to once again influence the board of The Walt Disney Company. The investor has been continuing to buy up Disney stock and now has a $2.5 billion stake in stock of The Walt Disney Company. The Wall Street Journal is reporting that Peltz is gearing up for another push…
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Disney Releases Statement on Nelson Peltz Dropping Proxy Fight
The Walt Disney Company has released a statement in response to Nelson Peltz dropping his proxy fight. The change by Peltz came after Disney CEO Bob Iger announced that he had restructured Disney during an earnings call. The restructuring has Disney divided into three main segments: The company also announced that it would be cutting…
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Nelson Peltz Drops Proxy Fight with Disney
Activist investor Nelson Peltz has dropped his proxy fight with The Walt Disney Company. A day after Disney CEO Bob Iger announced a new structure for the company. “The proxy fight is over,” said Peltz to Jim Cramer on CNBC’s Squawk on the Street. “Now Disney plans to do everything we wanted them to do,”…
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The Walt Disney Company Underscores Board Strength And Focus On Value Creation, Sends Letter To Shareholders
BURBANK, Calif., February 2, 2023 – The Walt Disney Company Board of Directors (NYSE:DIS) today responded to materials issued by the Trian Group. The Disney Board of Directors is focused on delivering long-term sustainable value and continually works to ensure it is comprised of the right mix of experience, skills and perspectives to guide Disney,…