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Disney Board of Directors -- News and Drama
- Thread starter MisterPenguin
- Start date
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votedisney.com
The other company attempting to get seats on the board has been more critical of Trian than Disney. And there jumping in on Peltz's unforced error...
www.thewrap.com
Blackwells Capital Slams Nelson Peltz for 'Disturbing' Statements About 'The Marvels,' 'Black Panther'
The activist investor said Nelson Peltz's remarks are an "affront to Disney’s customers, employees and shareholders," and that he should be disqualified from sitting on the board
www.thewrap.com
In addition to addressing Peltz’s comments surrounding Marvel, Blackwells’ letter knocked him for “boasting about his shortcomings” despite lacking “critical expertise.”
It noted that 15 of the 22 companies where Trian has taken a board seat have underperformed the S&P 500 during its tenure on the board. Blackwells added that the companies that have outperformed the market with Trian as a director have ” arguably been the result of management resisting or ignoring Trian’s ideas,” citing examples including Procter & Gamble rejecting a suggestion to movie its Cincinnati headquarters and Pepsi rejecting proposals to merge with Mondelez and dispose of Frito Lay.
The firm also pointed out that Trian has “faced a spate of investor redemptions due to poor performance, shuttering its U.K. fund, and overseeing a collapse of almost 40% of its assets under management” and that it has lost key personnel, including Peltz’s own son-in-law Ed Garden, which it argued is “due in part to Trian’s poor performance.”
“Shareholders, particularly those who espouse the principals of good corporate governance and believe there is a need for change at Disney, do not have to accept the false dichotomy of Mr. Peltz or the status quo Board,” Blackwells wrote. “The Board does not need nominees driven by personal grievances or animus towards management, as we believe Trian Partners’ (“Trian”) nominees Nelson Peltz and Jay Rasulo are.”
Slpy3270
Well-Known Member
I don't know where the whole "Disney’s rising stock will benefit Iger" thing came from considering that doesn't explain why ISS backed Peltz. If Peltz loses I wouldn't be surprised if the stock tanks massively because they expected change.
Also, Peltz withholding his votes for Iger highly suggests he's expecting Iger to leave if he and/or Rasulo win. If not, he's going to do everything in his power to make him leave since he knows full well Iger won't work with him willingly lest he risk losing employee loyalty.
Also, Peltz withholding his votes for Iger highly suggests he's expecting Iger to leave if he and/or Rasulo win. If not, he's going to do everything in his power to make him leave since he knows full well Iger won't work with him willingly lest he risk losing employee loyalty.
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https://www.wsj.com/business/deals/...last-stretch-of-proxy-fight-64e025c3?mod=e2tw This can't be true! Can it?
Disney Irish
Premium Member
Cold calling not going very well for Peltz. Call me shocked they can't even verbalize their plan even when trying to gain support.