Putting their political feet on the gas, Rep. Jerry Nadler (D-NY) and Rep. Joaquin Castro (D-TX) want a response by the end of the month, and they want the Department of Justice looped in. “The Joint Venture raises questions about how this new offering would affect access, competition, and choice in the sports streaming market,” … Read more
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 Bob … Read more
UPDATED with new exec comments. Disney CEO Bob Iger has offered more precise timing for Disney’s previously announced plan to crack down on password sharing on streaming flagship Disney+, saying it will start rolling out in June. During a wide-ranging CNBC interview Thursday after a successful effort to thwart activist investor Nelson Peltz in a … Read more
Nelson Peltz’s proxy battle was a “distraction” and Disney can now focus on trying to turn a streaming profit and planning its succession, its CEO Bob Iger said on CNBC’s “Squawk on the Street” on Thursday, just one day after handing a stinging defeat to the activist investor. “One of the things that I feel … Read more
After Disney declared victory in its proxy battle with activist investor Nelson Peltz, CEO Bob Iger went on a theme-park offensive during the company’s annual shareholder meeting. Delivering scripted video remarks from a perch overlooking Disneyland, Iger extolled the parks as a key strategic area of focus and offered a brief first look (see below) … Read more
With Walt Disney’s months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger’s successor. The board has extended Iger’s retirement date five times, continually deferring decisions about finding a replacement. Disney board members sought to reassure investors, ahead of Wednesday’s shareholder vote, that this time … 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 today, Iger said that the settlement “will actually enable us to pursue the kinds of significant investment in our Florida … Read more
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz. Voters will decide whether the company’s board deserves another year together, … Read more
Elon Musk is backing Nelson Peltz in the proxy battle for the future of Disney. Onlookers are waiting with baited breath after the bitter voting to select Disney’s board of directors closed last night, with CEO Bob Iger‘s nominees appearing likely to win out. However, that didn’t stop X/Twitter and Tesla owner Musk taking to … Read more
The minutes are ticking down to the close of Disney’s bitter proxy fight with Nelson Peltz, whose attempt to scale the board is a direct challenge to CEO Bob Iger. Barring any hanging chads, results from voting for members of the board of directors will be revealed Wednesday at the company’s annual shareholder meeting at … Read more
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