Iger wins proxy battle, Nelson Peltz kept off the board
(thatparkplace.com)
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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