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Board Battle

All articles tagged with #board battle

business1 year ago•1 min saved

"Disney Board Battle: Pension Fund CalPERS Backs Nelson Peltz in Shareholder Showdown"

CalPERS, a major California pension fund, has voted to support activist investors Nelson Peltz and Jay Rasulo in their battle to join Disney's board of directors, challenging CEO Bob Iger and the current board. The fund, which manages over $465 billion in assets and owns 6.6 million Disney shares, believes the company will benefit from new perspectives. Peltz and Rasulo have been critical of Disney's performance, particularly in its streaming operations, and their election will be decided at Disney's upcoming virtual shareholders meeting on April 3.

via Variety|

#activist-investors #board-battle #business

business1 year ago•4 min saved

"Disney's Boardroom Battle: CalPERS and Nelson Peltz Gain Support Against Bob Iger"

The California Public Employees Retirement System (CalPERS) has announced its support for activist investor Nelson Peltz and former CFO Jay Rasulo to gain seats on Disney's board, dealing a blow to Bob Iger and the current board's efforts. The pension fund believes that fresh eyes on the board will benefit Disney, and its established voting guidelines prioritize independent corporate boards and increased transparency. With the shareholder meeting approaching on April 3, the vote has become too close for Disney's comfort, as individual and small shareholders make up 40% of Disney's owners.

via Deadline|

#board-battle #business #calpers

business1 year ago•4 min saved

"Disney and DeSantis Settle Longstanding District Dispute"

A settlement has been reached between Disney and the Ron DeSantis-selected special district board overseeing its Florida theme park properties, ending a long legal battle just before a hotly contested shareholder vote for Disney and CEO Bob Iger. The agreement nullifies last-minute development agreements and defers court briefing of Disney's appeal, while signaling a new chapter of engagement with the district board. The settlement does not apply to federal litigation, and comes amidst a board battle with activist investor Nelson Peltz.

via Deadline|

#board-battle #business #disney

entertainment1 year ago•1 min saved

"Disney Condemns Peltz's Comments on Casting in Marvel Films"

Disney criticized activist investor Nelson Peltz's remarks about the casting of "Black Panther" and "The Marvels," stating that his comments are evidence that he shouldn't be on Disney's board. Peltz, who is vying for a board seat, criticized Disney for focusing too much on delivering a message and not enough on quality storytelling, specifically questioning the need for all-female and all-Black casts in Marvel films. Disney defended its creative direction and diversity efforts, while the board battle continues ahead of the annual meeting on April 3.

via Yahoo! Voices|

#board-battle #disney #diversity

business1 year ago•3 min saved

"Nelson Peltz Gains Major Support in Disney Board Battle"

Proxy advisory firm ISS recommended shareholders elect Nelson Peltz to the Walt Disney board, dealing a blow to the entertainment conglomerate in a bitter battle over board seats. Peltz, a large Disney shareholder, is vying for two board seats and has garnered support from prominent business executives. The fight over who will help guide Disney, valued at $213 billion, has intensified as the annual meeting date approaches, with both sides rallying support and ISS arguing for more outside oversight to ensure Disney's future success after CEO Bob Iger leaves.

via New York Post |

#board-battle #business #disney

business1 year ago•4 min saved

"Disney's Film Unit Overhaul: President Exits Amid Board Battle"

Walt Disney's President of Production, Sean Bailey, has stepped down after 15 years, transitioning to a producer role as Disney merges its film divisions amid an ongoing board proxy battle. David Greenbaum will replace Bailey, taking on the role of president of live action and 20th Century Studios. The shakeup comes as Disney faces pressure from activist investors and struggles within its film business, with CEO Bob Iger aiming to address the challenges in 2024.

via Yahoo Finance|

#activist-investors #board-battle #business

business1 year ago•1 min saved

"Disney Shareholder Showdown: Board Defends Strategy as Activist Investor Battle Looms"

Disney has set April 3 as the date for its annual shareholder meeting, where activist investors Nelson Peltz's Trian Partners and Blackwells Capital have submitted their own board nominations. Trian is targeting two Disney directors and recommending Peltz and a former Disney CFO, while Blackwells is nominating three individuals. The company's proxy includes CEO Bob Iger's 2023 pay package and a formal rejection of the Trian nominees. Both Disney and the activist investors will have over two months to make their cases to shareholders, with third-party firms expected to weigh in on the matter.

via Hollywood Reporter|

#activist-investor #board-battle #business