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Losing Fight With Disney Nets Nelson Peltz A $300M Payday, But Experts Say It Was 'A Grand Waste Of Time'
Thursday, April 4, 2024 - 11:12pm | 694The long-standing proxy battle between The Walt Disney Company (NYSE:DIS) and billionaire activist investor Nelson Peltz has come to an end, yielding a $300 million profit for Peltz’s hedge fund, Trian Partners. What happened: The Wall Street Journal reported on Thursday that Trian Partners...
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From Mouse To Marvel: Disney Stock Rockets 50% As CEO Bob Iger Attempts Turnaround
Thursday, April 4, 2024 - 2:11pm | 647The Walt Disney Co (NYSE:DIS) stock has been on a tear the past six months. The stock has returned over 50% to investors, as CEO Bob Iger‘s turnaround plans take the desired effect. So far in 2024, it’s up over 32.50%. Disney stock momentum is due to several catalysts, including: The...
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Bob Iger Says Peltz 'Didn't Bring Any New Ideas' To Disney Following Proxy Fight Win
Thursday, April 4, 2024 - 12:07pm | 418Walt Disney Company (NYSE:DIS) announced Wednesday afternoon that all 12 board nominees had won re-election following its annual shareholder meeting. Disney CEO Bob Iger joined CNBC's “Squawk on the Street” Thursday to discuss the company's victory in its proxy battle against activist...
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Who Will Be Disney's Next CEO? Hunt For Bob Iger's Successor Accelerates As Boardroom Drama With Activist Investor Settles Down
Thursday, April 4, 2024 - 8:08am | 648The search for a new CEO at The Walt Disney Company (NYSE:DIS) has intensified, following the end of a protracted proxy battle with activist investor Nelson Peltz. What Happened: Disney’s board has repeatedly delayed decisions regarding Iger’s successor, pushing back his retirement date...
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Disney Boardroom Battle Was Not Targeted At Bob Iger, But Holding The Board Accountable, Says 13D Founder — Jeffrey Sonnenfeld Disagrees
Thursday, April 4, 2024 - 4:07am | 759On Tuesday, while appearing on CNBC’s “Last Call,” Ken Squire, the founder and president of 13D Monitor, shared his perspective on the boardroom battle at Walt Disney Co. (NYSE:DIS), saying it was not targeted at Bob Iger. What Happened: Squire said that Nelson Peltz, the nominee...
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Jim Cramer Raises Disney Stock Red Flag After Nelson Peltz's Board Seat Loss
Thursday, April 4, 2024 - 1:35am | 628CNBC host Jim Cramer says activist investor Nelson Peltz‘s recent defeat in his bid for a seat on the Walt Disney Co (NYSE:DIS) board has raised concerns about the company’s stock. What Happened: Cramer expressed his apprehension about Disney’s stock following Peltz’s failed...
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Disney Board Emerges Victorious In Shareholder Vote, Beats Trian And Blackwells Nominees: Shares Slide Below $120
Wednesday, April 3, 2024 - 2:58pm | 593The Walt Disney Company (NYSE:DIS) announced a resounding victory against activist investors Wednesday at its annual meeting. The company’s entire slate of 12 directors won “by a substantial margin” against the candidates proposed by investment firms Trian and Blackwells, the...
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Disney's Largest Shareholder Vanguard Sides With Management In Proxy Fight Against Nelson Peltz
Wednesday, April 3, 2024 - 9:50am | 574In a recent turn of events, investment management firm Vanguard has reportedly declared its support for Disney‘s (NYSE:DIS) management over activist investor Nelson Peltz in the imminent board vote. What Happened: Vanguard, being Disney’s largest shareholder with a 7.8% stake, intends...
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DogeDesigner Says If Elon Musk Joins Disney, The First Thing He Will Do Is Change Their Logo
Monday, April 1, 2024 - 9:07am | 547DogeDesigner reacted to Elon Musk‘s post on his wish to join the Disney board, hinting at a whimsical first act: altering the iconic logo. What Happened: DogeDesigner, as the name suggests, graphic designer at Dogecoin, posted on X, “The first thing Elon Musk will do after joining...
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Is This Real? Elon Musk Posts About Becoming Disney's DEI Chief: 'Can't Wait To Work With Bob Iger'
Monday, April 1, 2024 - 5:19am | 651Elon Musk has been appointed as the Chief Diversity, Equity, and Inclusion (DEI) Officer at Disney. The announcement was made by Musk himself on social media. What Happened: Today, Musk took to his social media platform X to share the news. He expressed his enthusiasm for the new role and plans to...
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Disney Stock In Focus For April 3 Shareholder Meeting: Does Settlement With DeSantis, New 52-Week High Throw Cold Water On Nelson Peltz's Activist Battle?
Friday, March 29, 2024 - 12:00pm | 1001Media giant Walt Disney Co (NYSE:DIS) saw its stock hit nine-year lows in August 2023. Since that time, shares have rebounded and a key lingering negative item has been settled. With an activist battle ready to play out next week, here's a look at how recent wins by the company could minimize the...
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Jeffrey Sonnenfeld Calls Disney's Bob Iger A Magic-Wielding 'Wizard' Amid Ongoing Proxy Battle
Thursday, March 28, 2024 - 11:02pm | 697The ongoing proxy battle at Walt Disney Co (NYSE:DIS) has seen the company’s CEO, Robert Iger, being described as a “wizard that opens up the door of the Magic Kingdom with genuine magic” by a prominent business analyst. What Happened: Jeffrey Sonnenfeld, a well-known business...
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Disney Board Has Been 'Too Deferential' Towards CEO Bob Iger, Says Expert: Highlights 21st Century Fox Purchase 'Which Was Really Not A Good Acquisition'
Wednesday, March 27, 2024 - 8:12am | 891Media industry veteran Tom Rogers recently expressed his views on the ongoing situation at The Walt Disney Company (NYSE:DIS). Rogers commented on the perceived effectiveness of Disney CEO Bob Iger and the board’s approach to his leadership, particularly in the context of Disney’s...
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Disney Is Focused On The Future, While Nelson Peltz Is 'Looking Backwards,' Says Morgan Stanley's James Gorman
Tuesday, March 26, 2024 - 2:05pm | 634Walt Disney Co (NYSE:DIS) is in the midst of a proxy battle with activist investor Nelson Peltz, who isn't convinced Disney’s management team knows how to bring the magic back to shareholders. On the other hand, Morgan Stanley executive chair and newest Disney board member James...
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Disney Slams Activist Peltz's 'All-Black Cast' Critique: 'This is Exactly Why He Shouldn't Be Near A Creatively Driven Company'
Saturday, March 23, 2024 - 1:46pm | 550Walt Disney Company (NYSE:DIS) has reportedly stated that activist investor Nelson Peltz’s criticism of the company’s focus on movies featuring female and Black actors suggests he is unfit for Disney’s board. Peltz, embroiled in a contentious board battle with...