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Board Election

All articles tagged with #board election

business1 year ago

"Disney's Boardroom Battles: From Corporate Raiders to Woke Wars"

The Walt Disney Co. released the official vote totals from its annual shareholder meeting, revealing that all 12 board nominees, including Chairman and CEO Bob Iger, were approved by shareholders. Nelson Peltz's Trian Fund Management failed to secure two board seats, with Peltz receiving 31% of the total votes and former Disney CFO Jay Rasulo faring much worse. James Gorman emerged as the top vote-getter, while criticism of the board's indulgence of Iger was evident in the voting ratios for some nominees.

via Deadline|
#board-election#bob-iger#business
business1 year ago

"Disney's Bob Iger Overcomes Activist Shareholder Nelson Peltz in Major Victory"

Walt Disney Co. successfully defended against a challenge from investor Nelson Peltz as shareholders overwhelmingly supported CEO Bob Iger and the company's nominated board members. Peltz's bid for a board seat fell short, with Iger receiving resounding support. Despite the victory, Disney faces shareholder discontent and the need to accelerate turnaround plans, including making its streaming business profitable and finding a successor for Iger. The proxy campaigns highlighted Disney's subpar stock performance, uneven box-office results, and bungled succession efforts. Despite the divisions, Disney's stock has gained 30% this year, fueled by strong first-quarter earnings.

via Los Angeles Times|
#board-election#bob-iger#business
business1 year ago

"Disney's Board Gains Upper Hand Over Nelson Peltz in Proxy Fight"

Disney and CEO Bob Iger are leading in the board election with over 50% of shareholder votes cast, while activist investor Nelson Peltz's Trian is trailing. Institutional investors BlackRock and T. Rowe Price are supporting Disney's board candidates. The ultimate outcome remains uncertain, with individual shareholders owning a significant portion of outstanding shares. Peltz's proxy campaign has won support from influential advisory firm ISS, while Disney has criticized it as disruptive and destructive. The proxy fight will be decided at Disney's annual meeting on April 3.

via Variety|
#board-election#business#disney