All articles tagged with #trian fund management
Nelson Peltz's Trian Fund Management sold its Disney shares for about $1 billion after losing a proxy fight to join Disney's board. Despite the loss, Trian profited from Disney's stock price increase earlier this year. Disney, under CEO Bob Iger, has implemented cost-cutting measures and is focusing on its streaming business, theme parks, and finding a successor for Iger.
Despite losing a proxy fight against Disney's board and CEO Bob Iger, billionaire activist investor Nelson Peltz's firm, Trian Fund Management, sold its entire stake in Disney for a $1 billion profit. The sale occurred as Disney shares were around $120, though they have since dropped to $100.88. Peltz's campaign criticized Disney's share price and management, but the financial outcome proved lucrative for him.
Activist investor Nelson Peltz has sold his entire stake in Disney for around $120 a share, yielding a $1 billion return, after losing a proxy battle to secure board seats at the company. Disney's current board was reaffirmed by a substantial margin in a recent shareholder vote.
After losing a proxy battle with Disney, activist investor Nelson Peltz claims about $1 billion in profit on stock gains and hints at a potential third effort to shake up the board if the company doesn't keep its promises. Peltz, reflecting on the defeat, expressed hope that Disney will fulfill its assurances and stated that he will "watch and wait" to see if the company delivers on its commitments.
Disney successfully defeated activist shareholders' attempt to secure board seats, marking a significant win for CEO Bob Iger. The company's board triumphed over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting. Despite Disney's recent stock performance, some investors sought higher returns and a more forceful shakeup. The defeat of the activist shareholders allows Iger to focus on the growth phase of his plan, but dissatisfaction within the company remains.
Nelson Peltz's Trian Fund Management withheld its votes from Walt Disney CEO Bob Iger in the ongoing proxy battle, despite publicly stating a desire to work together with management if elected to the Disney board. This move contradicts Trian's proxy recommendations and raises questions about the potential toxicity of the boardroom if Peltz is elected. Disney has nominated a slate of 12 directors, including Iger, while Trian is recommending shareholders vote for Peltz and former Disney CFO Jay Rasulo and withhold votes for two Disney nominees.
Activist investment firm Trian Fund Management dismisses the relevance of the Bob Iger-Ike Perlmutter relationship to their proxy fight with Disney, stating that the focus should be on the board's failures. Trian is pushing for the election of its co-founder and ex-Disney CFO to the board, while Disney intensifies its criticism of Perlmutter and the former CFO, Jay Rasulo. JPMorgan Chase CEO Jamie Dimon has voiced support for Bob Iger, emphasizing his expertise and successful track record in the media and entertainment industry.
JPMorgan Chase CEO Jamie Dimon voiced his support for Disney CEO Bob Iger in the ongoing proxy fight with Trian Fund Management, praising Iger as a top-notch executive with deep expertise in the media and entertainment industry. Trian has criticized Disney's financial performance and board oversight, proposing its own nominees for the board. Disney has defended its strategic progress and board qualifications, while the shareholder meeting to decide the proxy battle is scheduled for early April.
Nelson Peltz, through Trian Fund Management, criticized Disney's plans to launch a sports streaming service and invest in Epic Games, calling them "frenetic" and "confused." Trian, which holds $3.5 billion in Disney stock, is pushing for changes to the company's board and strategy, and has nominated Peltz and former Disney CFO Jay Rasulo for seats on the board. Disney's stock rose after reporting better-than-expected earnings, and the company has urged shareholders to reject Trian's slate.
The battle for Disney's future intensifies as activist investor Nelson Peltz pushes for changes to the board of directors in preparation for CEO Bob Iger's departure in 2026. Disney has set a shareholder meeting for April 3, where investors will have a say in the company's future leadership. Peltz has criticized Disney's strategic missteps and lack of succession planning, advocating for his own candidates to join the board. Disney, on the other hand, has defended its current board and succession planning efforts, emphasizing its ongoing engagement with shareholders and the addition of new board members with CEO succession experience.
Activist shareholder Nelson Peltz criticizes Disney's board for "self-inflicted wounds" impacting its bottom line, urging shareholders to vote for change. Peltz and his hedge fund, Trian Fund Management, seek board representation to improve company performance, citing Disney's lagging shareholder returns and management's failure to plan CEO succession. Disney opposes Peltz's nominees, arguing they lack relevant experience and strategic ideas, while Peltz counters that they bring consumer brand expertise and a shareholder-first mindset.
Activist investor Nelson Peltz's Trian Fund Management is launching a campaign to add Peltz and former Disney CFO Jay Rasulo to Disney's board, aiming to boost stock performance and improve transparency, particularly in the streaming business. Peltz plans to release a white paper outlining the case, meet with proxy solicitors in February, and lobby shareholders leading up to Disney's annual meeting in April. He criticizes the board's close ties to CEO Bob Iger and believes his presence can jumpstart change, likening himself and Rasulo to "Batman and Robin."
Activist investor Nelson Peltz and former Disney CFO Jay Rasulo have been formally nominated by Trian Fund Management to join Disney's board of directors, outlining initiatives such as completing a successful CEO succession, aligning management pay with performance, targeting "Netflix-like margins," and reviewing studio creativity. Peltz criticizes the current board oversight and emphasizes the need for detailed plans for ESPN and theme parks. Disney has rejected Peltz's push to join the board, and the story is still developing.
Trian Fund Management has nominated two directors to Walt Disney's board as part of its ongoing battle for control, signaling a new phase in the corporate governance dispute.
Activist investor Trian Fund Management is intensifying its battle with Disney's CEO Bob Iger and management by nominating two candidates for election to Disney's board. Trian, Disney's largest active shareholder, is seeking a turnaround for the company, which has struggled with flops, declining viewership, and losses in its streaming business. While Disney has pushed back against Trian in the past, it has agreed to review the proposal. Trian believes that Disney's board is too closely connected to Iger and disconnected from shareholders' interests. The next annual meeting is expected to take place in spring 2024.