Tag: Proxy Fight
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Former Marvel Chairman Sells Entire Disney Stake
Former Marvel Chairman Ike Perlmutter has sold off all of his stake in The Walt Disney Company after a failed proxy fight.
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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 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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Josh Gad Voices Support for Bob Iger in Ongoing Proxy Fight
As the Disney annual shareholder meeting grows closer, more and more people are starting to voice their support for Disney’s CEO Bob Iger and Disney’s nominees for its Board of Directors. Just hours after former Walt Disney Imagineering President Bob Weis voiced his support for Iger, actor Josh Gad joined in sharing his support. In…
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Former Walt Disney Imagineer President Bob Weis Supports Disney CEO Bob Iger in Ongoing Proxy Fight
Former Walt Disney Imagineer Bob Weis has come out in support of Disney CEO Bob Iger in an ongoing proxy fight that sees activist investor Nelson Peltz and his Trian Group seeking two sees on the Disney Board of Directors. If he gets his way, Peltz would like to gain a spot on the board…
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Star Wars Creator George Lucas Back Bob Iger’s Leadership and Disney Board in Ongoing Proxy Fight
Star Wars creator George Lucas has joined the fray in the ongoing proxy fight that The Walt Disney Company is currently embroiled in. Lucas strongly voiced his support for the leadership of Bob Iger for The Walt Disney Company and stated that he also backed the board. He didn’t just do this with his words…
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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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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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Blackwells Capital Officially Launches Proxy Fight and Floats Splitting Disney
Blackwells Capital officially launched its proxy fight for seats on The Walt Disney Company’s board of directors today. It released its definitive proxy statement in which it made the case for its three board of directors nominee and also floated the potential of idea of splitting up Disney. The strategy of Blackwells Capital appears to…
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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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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,”…