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Board Nominees

All articles tagged with #board nominees

business1 year ago

"Disney's Victory: Shareholders Reelect Full Board in Proxy Battle Win"

Disney emerged victorious in a proxy battle against activist investors, with its 12 board nominees winning re-election by a substantial margin. Trian Group and Blackwells Capital, which launched separate proxy fights against the company, were defeated. The battle, particularly heated in the weeks leading up to the annual shareholder meeting, saw Trian accusing Disney of underperformance and poor governance, while Disney countered by emphasizing its strategic priorities and creative focus. The final vote counts still need certification from an independent elections inspector.

via Fox Business|
#activist-investor#board-nominees#business
business1 year ago

"Disney Shareholder Showdown: Trian's Endorsement and Proxy Fight Blitz"

Egan-Jones Ratings Co. has recommended that Disney shareholders vote for Nelson Peltz's Trian nominees, including Peltz himself and former Disney CFO Jay Rasulo, for the company's board, citing the apparent lack of a long-term succession plan and mediocre financial performance. Peltz, who controls about $3.5 billion worth of Disney shares, is waging a proxy battle to reverse the media conglomerate's chronic underperformance, while Disney and CEO Bob Iger have received backing from influential advisory firms and major shareholders. The proxy fight also involves criticism from Peltz regarding Disney's "woke" Marvel films featuring diverse superheroes.

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

"Proxy Adviser Backs Nelson Peltz in Disney Board Battle"

Proxy advisory firm ISS has recommended that Walt Disney shareholders elect activist investor Nelson Peltz to the board in his battle against CEO Bob Iger, while advising against backing former Disney CFO Jay Rasulo. ISS criticized Disney's board for failing to find a new CEO and also suggested shareholders withhold their votes from a separate slate of nominees from activist Blackwells. The recommendation from ISS is crucial in activist fights, as large institutional shareholders often vote based on its guidance.

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

"Disney's Board Battle: Shareholder Meeting Date Revealed as Activist Investor Renews Attacks"

The Walt Disney Co. defends its board and strategy as activist firm Trian Capital renews attacks, disclosing the date of its annual shareholder meeting on April 3. Trian has criticized Disney's stock performance and recommended shareholders withhold support for two board nominees. Another investment firm, Blackwells, supports Disney's management team. Disney maintains its strategy for growth and value creation, emphasizing its focus on streaming, film studios, ESPN, and experiences businesses.

via Deadline|
#board-nominees#business#disney
business2 years ago

"Disney's Corporate Maneuvers: Board Nominees, CEO Pay, and Investor Rejection"

The Walt Disney Company has revealed its 12 board member nominees, rejecting activist investor Nelson Peltz's bid for a seat and doubling CEO Bob Iger's compensation in 2023. The new board additions include leaders from General Motors, Lululemon, and Morgan Stanley, as Disney prioritizes streaming investments and aims to transform ESPN into a content powerhouse. The rejection of Peltz's nomination was based on concerns about his strategic ideas for Disney, lack of experience in media and technology sectors, and his partnership with a figure with a complex past with Disney executives.

via Yahoo Finance|
#board-nominees#bob-iger#business
business2 years ago

"Disney CEO's Pay Hits $31.6M, Rejects Activist Shareholder Nominees"

Disney CEO Bob Iger urged shareholders to reject nominees from activist investors Trian and Blackwells, emphasizing the company's ongoing transformation and cost-saving efforts. The board has already voted against the proposed candidates, citing concerns about their strategic ideas and relevant experience. Specifically, former Disney CFO Jay Rasulo's lack of executive experience at other public companies and his ties to a former Disney chairman were highlighted as reasons for non-endorsement.

via New York Post |
#board-nominees#bob-iger#business
business2 years ago

"Disney Rejects Peltz's Board Nominees, Iger's Pay Reaches $31.6M"

Disney formally rejected Nelson Peltz's board nominees and put forward its own slate, while revealing Bob Iger's $31.6 million pay for fiscal 2023. The company cited ongoing commitment to a strong board and strategic growth initiatives. The preliminary proxy statement also detailed interactions with Peltz and Trian Group, reasons for rejecting their nominees, and progress in CEO succession planning. Additionally, Disney disclosed executive pay for former CEO Bob Chapek and former CFO Christine McCarthy, as well as the re-hiring of Brian Chapek, son of Bob Chapek, as a production executive at Marvel Studios.

via Hollywood Reporter|
#board-nominees#business#disney