Iger wins proxy battle, Nelson Peltz kept off the board
(thatparkplace.com)
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And then Disney did the exact same thing, twice. It's too bad the SEC is just as corrupt as the rest of the government. In a just world, they would be all over this.
Okay then, looks like Disney will die within my lifetime.
The critics don't care. Hell, they're probably THRILLED that Peltz lost because this will lead to Disney's total destruction. It was a win-win scenario for them.
Yea it's a tragic thing. Walts Vision fading into the past.
Disney died with Roy E. Disney.
I'm not a student of Disney history, so your post prompted me to do a little research. It sounds like Roy prevented Disney from being broken up was running things during the Disney Renaissance of the early 1990s, which is definitely the high point of the company in our lifetimes.
On the downside, his feud with Michael Eisner is what put Bob Iger in charge in the first place back in 2005. But that was probably inevitable anyway since Iger was Eisner's protege.
Am I the only one wondering how a couple of Jews have had a stranglehold on Walt Disney's company since the 1980s?
Long as the structure remained unchanged even without Iger it was still fucked. All there is left to do is shake your head and move on.
"B-b-but muh shareholders! Muh fiduciary duty!"
Reminder that corporations hate their shareholders as much as they hate their customers. The ideal shareholder is like a mushroom: kept in the dark and fed bullshit.
They'll call him when they need him.
And they'll need him.
DEI won't last forever. You can't throw an audience who used to care about your stuff away, for the fabled 3% of the population to pick up the slack.
You're throwing away potentially billions so you can secure millions in DEI. This is somehow a smart decision.
That is what makes it clear they are not driven by market forces. They think that girls are buying comic books in waves and they keep pushing characters that nobody is buying
Fuck Disney. Hope it burns.
Have the archives I have made so far, including the link just posted.
Propaganda: Disney
.
So they still fucked or where they fucked even if this Peltz guy took over?
Peltz heads an anti-activist investor fund called Trian, which has a history of taking over board seats in companies that are providing poor shareholder returns and focusing on returning them to profitability. He already managed to improve stockholder dividends at a couple of other companies by forcing out woke executives and advocating an anti-activist agenda. It's not as though he's super based or anything, but he does seem to view corporations pursuing political agendas as a poor business strategy, which puts his group directly at odds with BlackRock and Vanguard.
So they shut out the guy more interested in making money over the ideologue...
It's like Disney wants to kill itself with SO MANY of it's dumb decisions.
Peltz was the last chance Disney had to turn it around. They are fucked now.
Disney and the retail investors who have no idea what their fund managers are doing.
And the index investors who don't care as long as number go up.
We can only hope for Disneywars 2: Return of the Peltz
Just let Disney die.
The guy is to old
only place we will find "normal" content will be from south koreans and chinese at this rate.
did you miss the part about them being ruled over by a feminist cult?
They're not completely ruled over by megalia anymore. And their entertainment industry throws a hissy fit when someone gets outed as a feminist. worst koreans really hate feminist for a good reason
The reason why the progress of an election for directors must be kept confidential until the results are final is that leaking the results can affect the ultimate outcome.
Institutional shareholders worry about offending management by voting with an activist. They are concerned that if management learns that they have voted against the incumbent directors, they may lose 'access' to management going forward. In other words, Bob Iger is less likely to come visit and/or take a call with a shareholder if the shareholder voted with the dissident.
This is clearly a close election. Institutions don't want to risk voting against the incumbent board if it is clear that the activist will lose. They want to be on the winning side of the election.
Here, the company and/or its advisors have leaked the early results in order to tip more institutions and other shareholders to vote for the incumbent board, unfairly tipping the scale in the incumbent board's favor. In other words, an institution may think: if Peltz is going to lose, it is not worth taking the risk of offending management by voting for him.
This is unfortunately not an uncommon practice. Years ago, in our proxy contest with ADP, the company and/or its advisors did the same thing.
The @SECGov should do a thorough investigation of this proxy contest and appropriately punish whoever is responsible for this miscarriage of shareholder governance and justice.
That sucks. I used to have a little Disney stock but sold it once I got disgusted with them but my little bit wouldn’t have mattered.
I've stopped caring about anything Disney since Forced Wokening, but I'm ecstatic they've made the decision to course correct even more directly towards the iceberg.
More fodder for the content creators, as to be expected.
At least somebody will be making money off of it, because Disney's shareholders fucking won't.
As long as people dont hate watch and learn how2fuckingPirate. Its smooth sailing to the bottom for disney.
I was wondering what was up with the ads I saw asking people to vote for the Disney recommended board slate in the upcoming shareholder vote.