Disney, Bob Iger poised to win bitter board fight with billionaire Nelson Peltz
A multimillion-dollar quagmire battle over Walt Disney’s future continues Wednesday when the company is expected to announce that shareholders have rejected two hedge fund bids to shake up the entertainment giant’s board of directors. It will officially come to an end. Disney secured enough shareholder votes on Tuesday to defeat a challenge from billionaire investor […]
Bob Iger wins bitter proxy battle with activist investors over Disney board seats
Disney CEO Bob Iger on Wednesday announced a heated battle with activist investor Nelson Peltz, who had sought a seat on the entertainment giant’s board of directors, claiming the company had underperformed in the streaming TV era. Won the proxy battle. Instead, investors voted for the re-election of all 12 of Disney’s current directors announced […]
Billionaire Bill Ackman Calls for SEC Probe of Disney Proxy Battle Following ‘Inappropriate’ and ‘Illegal’ Media Leaks
Bill Ackman has asked the Securities and Exchange Commission to investigate the Walt Disney Company’s proxy fight following leaks to the media claiming that Disney is on its way to victory over activist investor Nelson Peltz. I’m asking you to start. Ackman’s hedge fund is not an investor in Disney, but the leak is wall […]
Disney Shareholders Back CEO Bob Iger, Rebuff Activist Shareholders Who Wanted to Shake Up Company amid Losses
BURBANK, Calif. (AP) – Disney shareholders rallied behind longtime CEO Robert Iger and activist investor Nelson Peltz, who was seeking a seat on the board, on Wednesday. He voted to reject his ally, former Disney chief financial officer Jay Laszlo. The company had recommended director candidates that did not include Peltz or Laszlo. In their […]
Disney wins battle against activist investors in proxy fight
Rich Greenfield, partner at LightShed Ventures, talks about the future of Disney on “The Craman Countdown.” Disney won a proxy battle with an activist investor on Wednesday. The entertainment giant, led by CEO Bob Iger, announced Wednesday afternoon that 12 nominees for its board of directors have won re-election after a preliminary count. Disney said […]
Disney shareholders vote to back Iger following proxy fight
Disney shareholders voted to support CEO Bob Iger at Wednesday’s annual investor meeting. Mr. Iger and his board comrades have argued that the entertainment and media giant needs a new direction and are fighting for a seat on the board, including billionaire investor Nelson Peltz. fought with Mr. Investors supported Mr. Iger by a “significant […]
Elon Musk backs Nelson Peltz in Disney proxy fight: ‘His track record is excellent’
New York City Comptroller Brad Lander explains Disney’s proxy fight in “Craman Countdown.” Elon Musk on Wednesday defended Nelson Peltz in the activist investor’s proxy fight with Disney, saying he “definitely should” get a seat on the entertainment giant’s board. “As he has done with many other companies, he will help reinvent the company, improve […]
Elon Musk sides with Nelson Peltz against Disney CEO Bob Iger
Elon Musk has endorsed Tesla mogul Nelson Peltz’s bid to join the Walt Disney Company’s board of directors as he continues his battle with Mouse House boss Bob Iger. Mr. Musk famously told Mr. Iger and other CEOs to “fuck you” after they stopped advertising on his social media platform He said he would buy […]
Disney pulling ahead of Nelson Peltz’s Trian in proxy vote: report
Disney CEO Bob Iger appears to have the upper hand in efforts to block a proxy fight from Trian Partners, led by activist investor Nelson Peltz. Reuters reported that more than half of all shares were counted ahead of Wednesday’s shareholder meeting, with Disney beating out Tryon thanks to support from asset management giants Vanguard, […]
Former Disney star revives the classic princess hero
Actress and producer Leigh-Alyn Baker may have parted ways with Disney, but she’s still working on creating fun content for kids. But it’s not the propaganda-filled, brainwashing type that has come to characterize Disney and other mainstream brands in recent years. From 2010 to 2014, Baker played Amy Duncan on Disney’s hit sitcom Good Luck […]