[ Disney has succeeded in barring Nelson Peltz from its board of directors as shareholders at the company’s hotly anticipated annual meeting today voted for the company’s slate of 12 nominees. It was a months-long bitter and costly fight. “I want to thank our shareholders for their trust and confidence in our Board and management. … Read more
[ Disney may have nudged Nelson Peltz farther from its board as giant BlackRock is said to be backing the company’s slate of directors. The firm is Disney’s second-largest shareholder at about 4.2%. The news, first reported in the Wall Street Journal, followed T. Rowe Price, an 0.5% owner, coming out in support of CEO … Read more
[ ISS, the most influential proxy advisory service, has recommended shareholders vote to put Trian’s Nelson Peltz on Disney’s board, saying the activist investor, “with his considerable experience on other boards and fiduciary duties owed to a large shareholding group, appears best positioned to bring a shareholder perspective to the board.” “The events leading up … Read more
[ After skidding to multi-year lows in late-2023, Disney stock has rebounded more than 20% thus far in 2024 as two activist investment firms have launched a proxy fight. The stock finished Thursday trading at $110.18, up a fraction. It started the year at $90.10, putting its gains at 22% for the year to date. … Read more
[ Blackwells Capital, a Disney shareholder with plenty of opinions about who should sit on the company’s board of directors, blasted the rival Trian Group for its own board maneuvering. In a press release Monday, Blackwells Chief Investment Officer Jason Aintabi said Trian co-founder Nelson Peltz has come up short in terms of suggesting ways … Read more
[ James Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight. During a lengthy sit-down with CNBC, the exec acknowledged that a battle is brewing with activist investor Nelson Peltz, whose investment firm … Read more
