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Board Fight

All articles tagged with #board fight

business1 year ago

"Vanguard's Crucial Vote Tips the Scales in Disney's Boardroom Battle"

Disney's largest shareholder, Vanguard, is reportedly backing management over Nelson Peltz's Trian Partners in an upcoming board vote, with BlackRock also supporting the incumbent board and CEO Bob Iger. This has prompted criticism from activist investor Bill Ackman, who argues that shareholders should support Peltz's efforts. The outcome of the vote could have significant implications for Disney's board composition, with the shareholder meeting scheduled to begin on Wednesday.

via CNBC|
#board-fight#business#disney
business1 year ago

"Disney's 2024 Shareholder Meeting Showdown: Activist Investors, Strategy Shakeup, and Board Battle Explained"

Disney's 2024 shareholder meeting is set to be a showdown as investors vote on competing board candidate slates, including Disney's recommended lineup, nominees from Trian Fund Management led by Nelson Peltz, and candidates from Blackwells Capital. Peltz aims to shake up Disney's board to boost stock performance, criticizing the company's strategic decisions and CEO succession. While Disney opposes Peltz's proxy fight, influential advisory firms have recommended electing Peltz to the board. The outcome of the board election, along with other shareholder proposals, will be determined at the meeting, with significant institutional investors holding sway in the decision-making process.

via Variety|
#board-fight#business#disney
business1 year ago

"Disney's Board Battle: Activist Investor Blackwells Pushes for Company Split Amid Feud with Nelson Peltz"

Disney's upcoming shareholder meeting will feature three competing slates of director nominees, including those selected by Disney, activist investor Nelson Peltz, and investment firm Blackwells Capital. Blackwells has proposed a real estate spinoff and urged shareholders to vote for its three candidates, criticizing Peltz's campaign as a distraction and highlighting his alleged focus on soliciting endorsements from Elon Musk. Both Disney and Trian have opposed Blackwells' candidates, with Trian outlining an agenda for reform at Disney. The shareholder meeting is scheduled for April 3.

via Variety|
#blackwells-capital#board-fight#business
business2 years ago

Disney's Eventful Journey Through 2023

Disney faced a challenging year in 2023, marked by mass layoffs, disappointing box office performance, board fights, and feuds with various individuals. CEO Bob Iger implemented cost-cutting measures, including the elimination of over 8,000 jobs. The company experienced a year without any billion-dollar blockbusters at the global box office. Disney also faced conflicts with striking workers, activist investor Nelson Peltz, Florida Governor Ron DeSantis, and Elon Musk. Additionally, Disney pursued full ownership of Hulu, removed dozens of shows from Disney+ and Hulu, and faced a pay-discrimination lawsuit. The future of ESPN and Disney's linear TV networks remained uncertain.

via Variety|
#board-fight#bob-iger#box-office