Disney (DIS) and its CEO Bob Iger may be riding high following a proxy battle win against activist investor Nelson Peltz last week. But its board now faces an even higher-stakes challenge: figuring out who will be the entertainment giant’s next leader. “That is the million-dollar question,” Third Bridge analyst Jamie Lumley told Yahoo Finance.
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Maybe I’m going to tell you something here you already know, but it warrants repeating. I do not think the majority of public company corporate boards, C-suites, investor relations departments, and other related
Disney shareholders will deliver a verdict later Wednesday in the company’s long-running struggle over leadership at one of the spring’s most costly and closely-watched annual meetings. At issue is an effort by billionaire investor Nelson Peltz of Trian Capital, who has blasted the Disney board over botched leadership planning after the entertainment giant reinstated long-running
Walt Disney Co. (DIS) activist investor Nelson Peltz has fought for a board shake-up at the company for months. Investors will soon find out if he won. The results of a shareholder vote to select board members are expected to be announced at the entertainment giant’s annual stockholders meeting on Wednesday. Voting officially closes the
Disney (DIS) once embraced the opportunity to expand into India. Now it’s backing away. Five years ago, the media giant’s $71 billion 21st Century Fox deal gave it access to the Indian TV network Star, which hosts dozens of sports and entertainment channels, along with its streaming service Hotstar. But the House of Mouse is
Billionaire investor Nelson Peltz’s Trian Fund Management has lambasted Walt Disney’s investment strategies, labeling them as a “spaghetti against the wall plan.” In a letter addressed to the shareholders of the entertainment giant on Monday, Trian criticised Disney’s approach to its investments, signaling a contentious stance in the ongoing proxy battle between the two parties.
Published: Jan. 16, 2024 at 6:22 p.m. ET Walt Disney Co.’s board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert