[ The Walt Disney Co. has released the official vote totals from its April 3 annual shareholder meeting, the event that featured the culmination of a proxy fight waged by Nelson Peltz. The effort by Peltz’s Trian Fund Management to secure two seats on the company’s board of directors was vanquished by Chairman and CEO … Read more
[ Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company will keep its promises. If not, he told CNBC in an interview Thursday, “you’ll see me again.” Asked by host Jim Cramer if reports were true that his firm, Trian Fund … Read more
[ Walt Disney Co. CEO Bob Iger touted as a “win-win” the recent settlement of litigation with the Ron DeSantis-appointed special district board that oversees the company’s Florida theme park properties. At the company shareholders meeting Wedenesday, Iger said that the settlement “will actually enable us to pursue the kinds of significant investment in our … Read more
[ Activist Disney investor Blackwells Capital is suing the media giant over what it sees as an inappropriately cozy relationship with another shareholder, ValueAct Capital. In the lawsuit filed Thursday in Delaware Chancery Court (read it here), Blackwells lays out concerns about whether ValueAct has been paid to take a pro-Disney position in a brewing … Read more
[ Disney and its current CEO, Bob Iger, have secured the backing of Iger’s onetime boss, former Chairman and CEO Michael Eisner. In a statement posted to social media, Eisner didn’t name Nelson Peltz, whose Trian Fund Management is mounting an offensive to win two seats on Disney’s board at the April 3 annual shareholder … 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
