News Bob Iger is back! Chapek is out!!

[Lilofan]

They only thing he said - dividends by 2025- clearly wants his $$. But with Hulu purchase on the horizon- It's impossible for dividends to return that early.

Peltz is 80 years old. Of course he wants his $$ .

 

[GhostHost1000]

Peltz is 80 years old. Of course he wants his $$ .

have you seen the cost of senior meds these days? lol

 

[Sirwalterraleigh]

Disney themselves are to blame for the problem(s) they are in. They can’t blame Covid or chapek for it all

That was his point…if you bothered to listen.

I see our emotions are overweighing this today. So we all need to come to “the center”

Disney isn’t being sold for scrap tomorrow…nor is Bob Iger and the board well regarded and powerful with investors…for years. That’s the reality.

More to follow

 

[Sirwalterraleigh]

Peltz is 80 years old. Of course he wants his $$ .

Funny how “wanting their money” is affected very little by DOB

 

[Sirwalterraleigh]

have you seen the cost of senior meds these days? lol

…they need to call Liberty medical

 

[el_super]

making poor decisions... it's not all about spending money

It's mostly about spending money. They have been complaining since last year that Disney is overspending on content. They were worried Disney+ wasn't going to be able to make a profit, they were worried that Avatar wasn't going to hit 2 billion. They've been convinced that Disney can't make profitable movies.

It's always about spending money and Wall Street wants to stop the bleeding.

 

[GhostHost1000]

That was his point…if you bothered to listen.

I see our emotions are overweighing this today. So we all need to come to “the center”

Disney isn’t being sold for scrap tomorrow…nor is Bob Iger and the board well regarded and powerful with investors…for years. That’s the reality.

More to follow

I didn't get a chance to listen... I'm at work trying to afford my next disney trip, dvc dues, and genie+ costs lol

 

[Tha Realest]

making poor decisions... it's not all about spending money

Also, look at what they’re spending on. Set aside the amount they’ve spent. Can you honestly say Lightyear, Strange World, and a slurry of immediately forgettable D+ series were a wise investments?

 

[Sirwalterraleigh]

Oh here we go with Willow Bay’s Burner Account, PHD….

Obviously Disney+ is making trillions in profits…how could it not?

 

[GhostHost1000]

Also, look at what they’re spending on. Set aside the amount they’ve spent. Can you honestly say Lightyear, Strange World, and the slurry of immediately forgettable D+ series were a wise investment?

exactly right... it's not about spending money as long as you make it

it's their poor decisions (on many different things) that is costing them money they aren't making back

 

[Slpy3270]

Financial Times has some pretty juicy comments from Disney insiders on Peltz.

Disney’s flinty response to Peltz, who described it as “among the worst” examples of shareholder engagement he has ever seen, could hardly have been more different to its treatment of another activist investor last year: Daniel Loeb of Third Point.

Disney officials characterised the discussions as friendly with Loeb, who was ultimately successful in placing an experienced media veteran, Carolyn Everson, to its board last autumn. Loeb dropped some other demands, such as his call for Disney to spin off the ESPN sports network.

By contrast Disney plans to stand firm on Peltz’s demands, who disclosed his stake weeks after Loeb had secured the Everson appointment. “We’re not going to back down,” said a person close to Disney. “We will fight him if he wants to fight.”

Peltz is withering about Disney’s current strategy, claiming its streaming plans are flawed, costs are out of control and park customers are being punished with short-sighted price rises to compensate for the weak performance of the rest of Disney’s business.

But Disney insiders are giving him short shrift, pointing to Peltz’s lack of experience in media and technology. “We don’t know why he would be helpful on the board,” said one

Disney insiders blasted Peltz for not presenting a detailed plan of his own to improve performance. “It’s really surprising that there are critiques in there, many of which are inaccurate or are spun, but there’s literally not one solution,” said the person close to Disney. “Peltz has no plan.”

Peltz points to its three previous proxy battles — Heinz in 2006, DuPont in 2015 and P&G in 2017 — as evidence that he can work with companies to boost results. “Management’s views of Trian and Nelson Peltz changed dramatically after we began to work with them to enhance shareholder value,” Trian’s presentation claims.

But Disney insiders say his experience at those consumer companies such as P&G has no relevance. “Peltz is a smart, successful investor and has a good record in commodity consumer brands,” said the person close to Disney. “But the notion that selling soap and detergent is analogous to what Disney does, which is creating global [intellectual property], is just not true.”

Employee is going to sour quickly if Peltz succeeds.

 

[pdude81]

They only thing he said - dividends by 2025- clearly wants his $$. But with Hulu purchase on the horizon- It's impossible for dividends to return that early.

They certainly can return, and one way the board can blunt his most powerful argument is by resuming the dividend at perhaps half the former rate. Now that makes the deleveraging argument more powerful, but most DGAF about that.

 

[JoeCamel]

exactly right... it's not about spending money as long as you make it

it's their poor decisions (on many different things) that is costing them money they aren't making back

So what is a guaranteed money maker that they should be spending on?

 

[GhostHost1000]

So what is a guaranteed money maker that they should be spending on?

parks

 

[Sirwalterraleigh]

Also, look at what they’re spending on. Set aside the amount they’ve spent. Can you honestly say Lightyear, Strange World, and a slurry of immediately forgettable D+ series were a wise investments?

No…they are not making wise decisions…

The problem is that stuff was greenlit 5+ years ago when they showed a penchant for not seeing the obvious…with their bigger IP. The timeline here is not favorable either

 

[Slpy3270]

parks

The pandemic says HI.

 

[Sirwalterraleigh]

So what is a guaranteed money maker that they should be spending on?

Well that seems like a loaded question

 

[Tha Realest]

Financial Times has some pretty juicy comments from Disney insiders on Peltz.






L

Financial Times has some pretty juicy comments from Disney insiders on Peltz.








Employee is going to sour quickly if Peltz succeeds.

This quote was illuminating:

“But Disney insiders are giving him short shrift, pointing to Peltz’s lack of experience in media and technology. “We don’t know why he would be helpful on the board,” said one.”

Everson, who only came on from the Loeb effort, is only the second person on the board with any traditional tech expertise (the other is an Oracle exec). The rest of the board is stuffed with folks from the likes of lululemon, Nike, and Eli Lilly.

Disney Board members complaining about a prospective member’s perceived lack of experience or sophistication in media or tech is telling on themselves

 

[Sirwalterraleigh]

The pandemic says HI.

It did in 2020…and everyone thought their stock was worth $191 a share

…so stupid I don’t Know whether to laugh, cry or wind my watch

 

[JoeCamel]

Well that seems like a loaded question

From moi?
That is the criticism of Peltz that he has no plan just a big mouth