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Peltz's problem was that he couldn't keep his mouth shut when it mattered.

TFW people don't know how investor meetings work.

Per NYT Trian got 31% of the vote. Pretty large.

I mean, he did come from there.

Trian crowd packs it up.

Florida billionaire stays in Florida. Yay.

I could tell these idiots voted for Peltz.

Should note that as of now, Reuters has not retracted their report last night declaring Iger victorious. That Trian hasn't responded yet is telling.

Iger plans to do a CNBC interview later today, per David Faber this morning. Take a guess what that means...

Iger plans to do a CNBC interview later today, per David Faber this morning.

Doesn't help that investors are jumping off the sinking ship that is Tesla stock at the moment.

https://deadline.com/2024/04/elon-musk-backs-nelson-peltz-disney-proxy-fight-1235874638/ Note that he made his endorsement after the polls already closed. He still thinks he's some guru that can sway opinion.

At least this means SoCal won't have another cranky senior billionaire from Florida to deal with; they already have enough of those in the Inland Empire and Orange County. There's gotta be some self-reflection at the board for sure. They must make sure this doesn't happen again.

Reuters is now calling it: Trian and Blackwells won't be getting any Disney board seats. Iger wins. https://www.reuters.com/business/media-telecom/disney-prevails-over-trian-board-fight-sources-say-2024-04-03/ That's it, ladies and gentlemen. You may go to bed now.

The vote could change if a whole bunch of smaller institutional shareholders swing their votes to Peltz to overwhelm the Top 5 shareholders. I'm skeptical of that, though. And it wouldn't surprise if it actually is close, because it seems Peltz is doing better with individuals at the moment...

Look, son! An idiot!

Yeah. I wouldn't be surprised if Peltz got at least a third of the vote. The board's gotta do some serious self-reflection after tomorrow.

Per Bloomberg, Vanguard (#1 institutional shareholder) is voting for Disney's management. https://www.bloomberg.com/news/articles/2024-04-02/disney-ahead-in-trian-proxy-fight-with-most-of-votes-counted Guys, I think this is over.

Now up 0.71%. Weird because there's been no news lately.