Tag: Trian Group
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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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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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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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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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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,…