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Trian Group

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business1 year ago

"Disney's Annual Meeting Showdown: A Battle with Activist Investors"

Disney is gearing up for its annual shareholder meeting, facing off against activist investors Trian Group and Blackwells Capital in a proxy fight. The investors have criticized Disney's performance and board, proposing their own nominees for the board. Disney has pushed back, touting its strategic priorities and questioning the qualifications of the activist investor-nominated candidates. Prominent figures and firms have weighed in on the battle, and the shareholder meeting is set to take place on Wednesday.

via Fox Business|
#activist-investors#business#disney
business1 year ago

"Nelson Peltz's Proxy Battle: Withholding Votes and Seeking Respect from Disney CEO Bob Iger"

Nelson Peltz's investment firm, Trian Group, claims to support Disney CEO Bob Iger but withheld its votes for Iger's reelection to the Disney board, citing the need for change in the board's composition to boost financial returns. Disney has characterized Trian's campaign as disruptive and fueled by personal agendas, while influential advisory firm ISS recommended shareholders elect Peltz to the Disney board. The battle will be decided at Disney's annual shareholder meeting on April 3.

via Variety|
#bob-iger#business#disney
business2 years ago

"Disney Shareholder Blackwells Capital Criticizes Rival Nelson Peltz's Lack of Strategic Ideas for Shareholder Benefit"

Disney shareholder Blackwells Capital criticizes Trian Group for lacking strategic ideas to benefit shareholders, as Trian initiates a proxy war by nominating Nelson Peltz and former Disney CFO Jay Rasulo to the board. Disney faces operational challenges and criticism over its stewardship of ESPN. Blackwells nominates its own candidates for Disney's board and criticizes the company's agreement with ValueAct Capital Management. Disney urges shareholders not to consider activist nominees and prepares for a potentially contentious annual shareholder meeting.

via Deadline|
#board-of-directors#business#disney