Eric Graham
Well-Known Member
Here's a pretty interesting article...Potential successor @ Disney
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
Vegas Disney Fan
Well-Known Member
My money’s still on the existing board members but Peltz has gotten more institutional support than I expected so I wouldn’t be shocked either way.
A couple weeks ago I’d have given Peltz a 10% chance, with some of the recommendations and calPERS voting his way I’d now give him a 35% chance, still unlikely but much more of a possibility now.
Andrew C
You know what's funny?
Agreed. I don't think he is going to get enough support at the end of the day, but it seems much closer than I anticipated.
Surferboy567
Well-Known Member
For me, I also think Iger will win
The Peltz Rasulo battle vs Iger is entertaining in the #1 entertainment company of the world.
It's a puff piece, but Walden has been the most likely candidate as the next Disney CEO for over a year now. D'Amaro's only ticket in is that the parks are making a ton of money, but as we've seen, he'll somehow make the film division even worse creatively considering the brain drain imagineering suffered under his reign. The fox tv divisions have done well creatively under her reign too, the biggest hurdle is lack of experience with the parks. I'd honestly choose her or an outside candidate, D'Amaro would be Chapek 2 and Pitaro just seems to be in the mix for the sake of a third candidate.
WoundedDreamer
Well-Known Member
At this point, I think this contest can go either way. Peltz has done well enough with ISS and retail investors, that I think he is in the running to win the seat. Rasulo is finished, but Peltz still has a chance.
At this point, Peltz is going to need to pick up one of the big asset managers (Vanguard, State Street, and Blackrock). In a previous proxy fight over Dow Chemicals, Peltz was defeated because those three firms united to oppose him. They need to break ranks in order for Peltz to win. While they can be guided by ISS, it's no guarantee that they will follow ISS's recommendation. Peltz received backing from ISS back when he was fighting over Dow, but he still was rejected by each of the three big institutions.
Assuming the Murdochs haven't divested, they also represent a sizable block of shares up for grabs. It's unclear which way they'd vote. There's still a great deal of uncertainty.
At this point, Peltz is going to need to pick up one of the big asset managers (Vanguard, State Street, and Blackrock). In a previous proxy fight over Dow Chemicals, Peltz was defeated because those three firms united to oppose him. They need to break ranks in order for Peltz to win. While they can be guided by ISS, it's no guarantee that they will follow ISS's recommendation. Peltz received backing from ISS back when he was fighting over Dow, but he still was rejected by each of the three big institutions.
Assuming the Murdochs haven't divested, they also represent a sizable block of shares up for grabs. It's unclear which way they'd vote. There's still a great deal of uncertainty.
If Skipper wasn't forced to resign by Iger, he'd still be ESPN President. When he agreed to leave , enter Pitaro the new ESPN leader. Jimmy has no chance of being the next CEO at this time.
WoundedDreamer
Well-Known Member
Yeah, it seems like they're putting out trial balloons to see how she is accepted by the financial community. They're also trying to demonstrate that they have a robust succession process underway. It's a good article to be leaking right now.
Walden would represent Fox's final victory over Disney. Similar to how Disney was finally conquered by Capital Cities when Iger took the helm, once again an individual from an acquired company would rise to the top.
Fox won.
Sirwalterraleigh
Premium Member
…and yet…the consensus regarding the current board is they are pretty ineffective/awful…so what exactly is status quo “preserving”?
Brian
Well-Known Member
The same status quo which so many rightfully bemoan on this site.
Sirwalterraleigh
Premium Member
My guess is Peltz gets in the lower 30% of support for the board. And Iger gives himself another extension later 2024/early 2025…
As far as Disney’s business goes…it lurches along largely unchanged
James Alucobond
Well-Known Member
What exactly is changing doing if you're changing to something almost certainly worse?
I'll take the smoldering ash heap over the blazing inferno, thanks.
Sirwalterraleigh
Premium Member
Yeah…we’ve all heard the boogieman/big red button argument…
Complete and total destruction if the 5’2” baby doesn’t get his way…the horror
James Alucobond
Well-Known Member
Your memory is impossibly short. I just posted across multiple pages (and as recently as one page ago) that I do not think anything awful will immediately occur. I simply think you and others are being tremendously obtuse if you can't see the horribly flawed premise behind adding two people to the board who will almost certainly be either completely unhelpful or actively destructive.Yeah…we’ve all heard the boogieman/big red button argument…
Complete and total destruction if the 5’2” baby doesn’t get his way…the horror
Sirwalterraleigh
Premium Member
That’s very speculative.
In fact…the only thing not speculative is the status quo
James Alucobond
Well-Known Member
It is not very speculative. Peltz published his intentions. His record with other companies is known. Rasulo and Perlmutter are known factors at Disney.
What is ignorantly speculative is thinking that there's more than a 0.001% chance that they'll behave in ways that deviate from their norm.
Sirwalterraleigh
Premium Member
But the current trajectory is gonna change…how?…again?
This entire mindset is ignoring the elephant in the room because the rhino’s horn is “more pointy”
Option 3…someone to get serious and roll this sucker over…is by far the best outcome
Vegas Disney Fan
Well-Known Member
This is where I’m at, Disney has cancer, Peltz is an experimental treatment, there’s a valid risk he’ll make it worse and quicken the demise of the patient but theres also the potential the risky treatment works and it ultimately saves the patient.
The only known is if they do nothing the cancer will eventually kill the patient.
The flip side is there’s also a chance the experiment kills the patient and then a better cure becomes available.