News Bob Iger is back! Chapek is out!!

[Serpico Jones]

Peltz is a Wall Street powerhouse…can’t deny that.

Someone smarter than me can explain his angle? I can’t see it

He blames Iger for the Fox acquisition and the promotion of Chapek.

 

[Slpy3270]

He blames Iger for the Fox acquisition and the promotion of Chapek.

Problem is Peltz wanted Chapek to stay since he would've more likely been a yes man to him given his cost-cutting addiction. Chapek giving a Loeb ally a seat on the board made him think he could do the same and now Iger's return has thrown that plan in disarray.

 

[Sirwalterraleigh]

He blames Iger for the Fox acquisition and the promotion of Chapek.

Yeah…but that’s a minor nuisance there

Unless he sees $250 stock…in which case there’s only one way to do that…And we all should plan to get together for a HIGHLY alcoholic goodbye party…

 

[Sirwalterraleigh]

Problem is Peltz wanted Chapek to stay since he would've more likely been a yes man to him given his cost-cutting addiction. Chapek giving a Loeb ally a seat on the board made him think he could do the same and now Iger's return has thrown that plan in disarray.

Nah…he’s cannon fodder. Plenty of puppets to find

 

[Slpy3270]

Unless he sees $250 stock…in which case there’s only one way to do that…

Given Peltz successfully broke up GE he must think he can do the same for Disney. But dealing with a CEO with a successful track record is much different than dealing one without one.

 

[Sirwalterraleigh]

View attachment 691392
Apologies if this was already posted. I don’t post as frequently these days.

How are you? Long time

 

[Sirwalterraleigh]

Given Peltz successfully broke up GE he must think he can do the same for Disney. But dealing with a CEO with a successful track record is much different than dealing one without one.

…it was only the worlds largest company 15 years ago

 

[JoeCamel]

I guess my bigger question is, why would that prompt Susan to resign? Does this spell bad news? Will Peltz be successful?

Or will this turn into nothing?

She has served 15 years and I gather there is a sunset provision, she was leaving in any case

 

[Sirwalterraleigh]

She has served 15 years and I gather there is a sunset provision, she was leaving in any case

Yeah…she also was a top pawn in this Iger/chapek/Iger thing

So connect the dots

 

[CaptainMickey]

Ahhh…

Some of the best stories in Disney’s long, storied history involves proxy battles…

You know how got his job through a proxy fight?


View attachment 691389

And this guy

View attachment 691390

I can't believe it, but it feels just like 2005 Disney again!!!

 

[Slpy3270]

Trian has formally nominated Peltz to the board.

In an effort to appear diplomatic, Trian says Peltz is willing to work with Iger and doesn't seek to replace him, despite all the news reports to the contrary.

 

[DCBaker]

Trian has formally nominated Peltz to the board.

In an effort to appear diplomatic, Trian says Peltz is willing to work with Iger and doesn't seek to replace him, despite all the news reports to the contrary.

Here's that press release -

Press Releases | Trian Partners

Keep updated with the latest press releases from Trian Partners which is headquartered in New York, NY, has approximately 50 employees.

restorethemagic.com

 

[Sirwalterraleigh]

I can't believe it, but it feels just like 2005 Disney again!!!

Feels more like a train wreck now

More of a chance they get bought/broken up now than then…or 1984…in a bizarre contrarian sense

 

[Serpico Jones]

CNBC reports Peltz is close friends with Disney mega-shareholder Ike Perlmutter who is no fan of Iger’s.

 

[Slpy3270]

Here's that press release -

Press Releases | Trian Partners

Keep updated with the latest press releases from Trian Partners which is headquartered in New York, NY, has approximately 50 employees.

restorethemagic.com

Interesting that ESPN nor ABC are mentioned in the release, nor is there any mention of a push for Disney spinning them off or selling them off.

CNBC reports Peltz is close friends with Disney mega-shareholder Ike Perlmutter who is no fan of Iger’s.

He's couldn't stop Feige from taking most of his positions at Marvel, so....

 

[Sirwalterraleigh]

CNBC reports Peltz is close friends with Disney mega-shareholder Ike Perlmutter who is no fan of Iger’s.

Mmmm hmmmm…

That’s 2 heavyweights in a rather small ring

 

[Sirwalterraleigh]

If you don’t want to really go down the well…do NOT look at the politics of this…

Don’t

 

[CaptainMickey]

Feels more like a train wreck now

More of a chance they get bought/broken up now than then…or 1984…in a bizarre contrarian sense

I remember it being pretty scary with Comcast aggressively trying to Buy Disney in 2005. They later settled purchasing NBC/Universal.

 

[Disstevefan1]

I remember it being pretty scary with Comcast aggressively trying to Buy Disney in 2005. They later settled purchasing NBC/Universal.

Its looking like Comcast made the right move...

 

[Slpy3270]

Its looking like Comcast made the right move...

Assuming activists there don't force Brian Roberts to spin NBCUni off, of which calls have been growing for the last year or so.