Tag: The Walt Disney Company
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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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Frank Wells | DISNEY THIS DAY | April 3, 1994
On this day in 1994, former Disney president and Chief Operating Officer Frank Wells was tragically killed in a helicopter accident. Starting in 1984, Wells partnered with Michael Eisner to run The Walt Disney Company. Disney saw unprecedented growth under his leadership. Wells’ legacy has been memorialized with a building in his honor at The…
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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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Disney Responds to Institutional Shareholder Services Recommendation for Disney’s Board of Directors
The Walt Disney Company has released a statement in response to a recommendation from Institutional Shareholder Services (ISS) that shareholders should vote for 11 of 12 nominees endorsed by Disney for its Board. In place of Maria Elena Lagomasino, it suggests electing activist investor Nelson Peltz to the Board of Directors. ISS does not endorse…
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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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Disney Shares Highlights of Bob Iger’s Morgan Stanley Conference Q&A
This last week Disney CEO Bob Iger had a question and answer session at the Morgan Stanley Conference. During this session, he highlighted where Disney is and where it is going. The overarching message that Iger gave during this conference was that of optimism. Speaking about how Disney is poised for a strong future, “I…
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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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Disney CEO Bob Iger To Participate In The Morgan Stanley Technology, Media & Telecom Conference
Disney has announced that Bob Iger, the CEO of the company, will be participating in a question and answer session as part of the Morgan Stanley Technology, Media & Telecom Conference. This will be taking place on March 5, 2024 at approximately 10:15 AM PT. Disney released the following statement on this event: BURBANK, Calif.,…
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Disney Board Of Directors Sends Letter To Shareholders Highlighting Clear Progress Made And Promises Kept As It Executes Strategic Transformation
The Walt Disney Company (NYSE:DIS) Board of Directors today sent a letter to shareholders detailing the progress it has made and continues to make on its strategic priorities, delivering on the promises it made just over one year ago. The Board has been laser-focused on a strategy that will drive shareholder value. The Company has…
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The Walt Disney Company Announces the 10th Year of the Disney Accelerator Program and its 2024 Participant Companies
The Walt Disney Company announced today the 10th year of Disney Accelerator, a business development program designed to accelerate the growth of innovative companies from around the world. As it marks a decade of investment in innovation through the Disney Accelerator, Disney also announced the five companies joining the 2024 program. These companies are focused…
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Justice Department Scrutinizing Disney, Fox, and Warner Bros. Discovery’s Joint Sports Streaming Service
The Justice Department is scrutinizing the joint sports streaming service that was announced by Disney, Fox Corp, and Warner Bros. Discovery over concerns about potential harm to consumers, media competitors, and sports leagues. There will be a regulatory review that will happen once the joint venture venture agreement is completed. At this point, the companies…
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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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Disney Board of Directors Sends Letter to Shareholders, Emphasizes Strong Results and Commitment to Driving Long-Term Shareholder Value
Announces 50% dividend increase from January dividend and share repurchase program with $3 billion targeted in fiscal 2024 Unveils a series of exciting new initiatives Encourages shareholders to visit VoteDisney.com for more information The Walt Disney Company (NYSE:DIS) Board of Directors today sent a letter to shareholders highlighting its strong first-quarter FY24 results and significant steps Disney…
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Disney Stocks Have Best Day in Three Years After Earnings Report
The Walt Disney Company stock had its best day in over three years on Thursday after its Wednesday earnings call was full of announcements and also beat earnings estimates. Thursday saw Disney stock go up by 11%. This was the best day for the stock since December 2020. Some of the news the apparently excited…
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Geeks on the Sea – Geeks Corner – Episode #698
Welcome to a very special edition of Geeks Corner! This week, the geeks are on the sea! As they float around the Caribbean, they discuss the rain coming down at Disneyland and the future of Disney as a proxy fight heats up. We hope you enjoy this week’s episode of Geeks Corner! Join the conversation…
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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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The Walt Disney Company Announces Annual Shareholder Meeting and Makes Case for Board Nominees
The Walt Disney Company has announced that this year’s annual shareholder meeting will be held on April 3, 2024. Along with announcing this year’s annual meeting, the company also made a case for why its nominees should be elected to the board of directors. This comes as Nelson Peltz and his Trian Group continues to…
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The Walt Disney Company Highlights Strength of its Highly Qualified Board and Clear Strategy to Deliver Growth and Shareholder Value
BURBANK, Calif., February 1, 2024 – The Walt Disney Company (NYSE:DIS) today sent a letter to shareholders outlining the strength of the Board of Directors and its oversight of Disney’s strategy and management team as the Company navigates a new era of building that will drive meaningful growth and shareholder value creation well into the…
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Disney CEO Bob Iger Earned $31.6 Million in 2023
Disney CEO Bob Iger made $31.6 million in 2023 in all forms of income. This was a significant increase from the year before. Iger earned $865,385 for his base pay in 2023. Stock awards added an extra $16.1 million, stock options awards added $10 million, performance based compensation added $2.1 million, and he also earned…