Nelson Peltz and Blackwells Capital lose their proxy fight with Disney, new concept art released for “Avatar” land coming to Disneyland Resort, and the first artwork for “Moana 2” released — all this and more in today’s daily recap for Wednesday, April 3, 2024. Daily Recap for 4/3/24 Walt Disney World Magic Kingdom EPCOT Disney’s … Read more
Nelson Peltz and Blackwells Capital have lost their proxy fights to get their nominees onto the Disney Board of Directors, according to Reuters. Disney Board of Directors Proxy Fights Ahead of Disney’s annual shareholders meeting, the company announced that their current Board of Directors was successfully re-elected. This slate of executives includes: Nelson Peltz, CEO … Read more
With over half of shareholder votes cast, Disney is winning their proxy battle against Nelson Peltz, according to the Wall Street Journal. A few days ago, the Wall Street Journal reported Nelson Peltz was ahead when 20% of votes were cast. Peltz aims to replace Maria Elena Lagomasino on the Disney Board of Directors. His … Read more
Proxy advisory firm Egan-Jones is the second to endorse Trian Partners’ Nelson Peltz for a seat on The Walt Disney Company Board of Directors. Egan-Jones Supports Nelson Peltz “We see very little downside and a lot of upsides in putting the Trian nominees on the board,” Egan-Jones said, citing an “apparent lack” of a long-term … Read more
Josh Gad, who voices Olaf in the “Frozen” franchise and played LeFou in the live-action “Beauty and the Beast,” has made a post on Instagram supporting Disney CEO Bob Iger amid the ongoing proxy fights with Trian Partners and Blackwells Capital. Josh Gad Supports Bob Iger Gad shared a photo of Iger and wrote: What … Read more
In a statement to DealBook, former CEO of The Walt Disney Company Michael Eisner expressed his support for current CEO Bob Iger and Disney executives amid proxy fights with Trian Partners and Blackwells Capital for Board of Directors seats. Michael Eisner Supports Bob Iger Michael Eisner was CEO from 1984 to 2005. When internal and … Read more
Influential proxy advisory firm Institutional Shareholder Services (ISS) recommends The Walt Disney Company shareholders vote for Nelson Peltz to join the Disney Board of Directors. ISS Supports Nelson Peltz for Disney Board In a report released on Thursday, ISS states Disney has “failed” in creating a succession plan for the CEO position. Current-and-former Disney CEO … Read more
George Lucas, the creator of “Star Wars” and founder of Lucasfilm, has expressed support for The Walt Disney Company CEO Bob Iger amid proxy fights with Trian’s Nelson Peltz and Blackwells Capital. George Lucas Supports Bob Iger Lucas sold Lucasfilm to Disney in 2012, during Iger’s first tenure as CEO of the company. Disney has … Read more
Glass Lewis, a proxy advisory company, announced their support for The Walt Disney Company CEO Bob Iger and the current Board of Directors amid proxy fights with Trian Partners and Blackwells Capital. Glass Lewis Supports Disney Glass Lewis said in a report released on Monday, March 18 that Disney “is undertaking what we consider to … Read more
JPMorgan Chase CEO Jamie Dimon spoke out in favor of The Walt Disney Company CEO Bob Iger and the company’s current Board of Directors during the ongoing proxy battle against Nelson Peltz. JPMorgan Chase CEO Jamie Dimon Endorses Bob Iger Dimon told CNBC’s David Faber the following. Bob is a first-class executive and outstanding leader … Read more
Disney released a new video on VoteDisney.com encouraging shareholders not to vote for Nelson Peltz and Jay Rasulo, Trian’s nominations for Disney’s Board of Directors. Disney Attacks Nelson Peltz, Jay Rasulo, & Ike Perlmutter The video asks, “What’s the harm of letting activist investor Nelson Peltz or Jay Rasulo have a seat on Disney’s Board?” … Read more
The Walt Disney Company Board of Directors has sent out a new letter to shareholders detailing the “progress it has made and continues to make […], delivering on the promises it made just over one year ago.” Disney Sends New Letter to Shareholders This letter comes following a video from Blackwells Capital, who is campaigning … Read more
Blackwells Capital has launched TheFutureOfDisney.com and shared a video explaining why shareholders should elect their nominees to The Walt Disney Company Board of Directors. In the video and a letter to shareholders, Blackwells outlines how they believe Disney should be using artificial intelligence and similar technology. Blackwells Suggests Disney Utilize AI for Characters and Theme … Read more
In a new video on VoteDisney.com, The Walt Disney Company CEO Bob Iger urges shareholders to vote for Disney’s Board of Director nominees, not the nominees from Trian Group and Blackwells Capital. Bob Iger Appears in New Video for VoteDisney “It has been a busy and challenging time since I returned to the company,” Iger … Read more
With an SEC filing, Blackwells Capital has officially launched its proxy fight with Disney, hoping to get three nominees on Disney’s Board of Directors and criticizing Nelson Peltz’s Trian Fund Management. Blackwells Capital’s Nominees As previously announced, Blackwells Capital has nominated former Warner Bros. and NBCUniversal executive Jessica Schell, Tribeca Film Festival co-founder Craig Hatkoff, … Read more
Activist investor Nelson Peltz has published his “white paper” suggesting various improvements to The Walt Disney Company, including a Board seat for himself. Nelson Peltz Files White Paper The letter, sent to fellow shareholders, states investors have collectively lost almost $200 billion in the past three years as Disney’s stock price fell. Peltz and Trian … Read more