Disney Board of Directors -- News and Drama

[Disney Irish]

Boy…Peltz is sure a cranky old crab…

The problem is that NONE of what he says here is untrue

Well in that interview the major untrue statement he made is him being the largest independent shareholder, he isn't. They even pressed him on that. He currently has voting control over the shares, but he doesn't own the shares, they can be ripped away at any time. There is a difference.

So as a shareholder why should I put my support behind him over anyone else? How is he better than anyone else just because he has access to a large number of shares?

 

[Sirwalterraleigh]

Well in that interview the major untrue statement he made is him being the largest independent shareholder, he isn't. They even pressed him on that. He currently has voting control over the shares, but he doesn't own the shares, they can be ripped away at any time. There is a difference.

So as a shareholder why should I put my support behind him over anyone else? How is he better than anyone else just because he has access to a large number of shares?

Yeah I’m not sure why he wasted time fumbling around with that. Perlmutter gave voting control of his shares to trian. Not really a mystery or needing this type of over explanation


As far as numbers go…they are what they are

Did he mention the box office debaucle? The park dips? I lost track…

 

[Disney Irish]

Yeah I’m not sure why he wasted time fumbling around with that. Perlmutter gave voting control of his shares to trian. Not really a mystery or needing this type of over explanation


As far as numbers go…they are what they are

Did he mention the box office debaucle? The park dips? I lost track…

Yes the 2023 box office was terrible and the Parks, specifically WDW, have seen a dip in attendance. But that still doesn't answer the question on why I or any other shareholder should put their support behind him over anyone else. How is he, a guy that has no entertainment or theme park experience, better suited to direct TWDC?

If that question can't be answered then he isn't the guy. And I don't think him teaming up with Rasulo does anything to help his case.

 

[Sirwalterraleigh]

Yes the 2023 box office was terrible and the Parks, specifically WDW, have seen a dip in attendance. But that still doesn't answer the question on why I or any other shareholder should put their support behind him over anyone else. How is he, a guy that has no entertainment or theme park experience, better suited to direct TWDC?

If that question can't be answered then he isn't the guy. And I don't think him teaming up with Rasulo does anything to help his case.

As pointed out many times over the last year…you…nor I…don’t matter

It’s what the institutional investors think


Nobody really likes Peltz…nobody should like Peltz…he’s earned it

I think rasulo is just there to tweak the current management…more than anything else. Yes…he’s “qualified”…but not a solution



But they need a Plan C over what’s presented in A and B as it stands

 

[Disney Irish]

As pointed out many times over the last year…you…nor I…don’t matter

It’s what the institutional investors think


Nobody really likes Peltz…nobody should like Peltz…he’s earned it

I think rasulo is just there to tweak the current management…more than anything else. Yes…he’s “qualified”…but not a solution



But they need a Plan C over what’s presented in A and B as it stands

Rasulo isn't an entertainment guy either though. He might have some theme park experience from his time at Disney but he has no experience in dealing with the Studios. Not to mention that he hasn't held any other C-Suite job since leaving Disney. So I don't see what he really brings to the table.

And if its just what Institutional Investors think, well they've been burned by Peltz before. Just go back and look at his record after joining boards at other companies, not very impressive. So yeah I don't see that going very well for him.

 

[Sirwalterraleigh]

Rasulo isn't an entertainment guy either though. He might have some theme park experience from his time at Disney but he has no experience in dealing with the Studios. Not to mention that he hasn't held any other C-Suite job since leaving Disney. So I don't see what he really brings to the table.

And if its just what Institutional Investors think, well they've been burned by Peltz before. Just go back and look at his record after joining boards at other companies, not very impressive. So yeah I don't see that going very well for him.

He gives them money…that’s the advantage

Let’s not be fools and think anyone in the world gives a monkey’s $@&! About “magic”…shall we?

At the end of the day…all of this is on Iger…

His enemies…his mistakes…his failings.

The numbers aren’t lying here. They are WAY underperforming.

But the bigger problem - one that Peltz is too stupid to point out - is that the trouble is just beginning. They have nothing coming to strengthen their box office…their stream…their parks in the proportions need.

Because he miscalculated and starting buying his own bull.
That’s a total rookie error

 

[Disney Irish]

He gives them money…that’s the advantage

Let’s not be fools and think anyone in the world gives a monkey’s $@&! About “magic”…shall we?

At the end of the day…all of this is on Iger…

His enemies…his mistakes…his failings.

The numbers aren’t lying here. They are WAY underperforming.

But the bigger problem - one that Peltz is too stupid to point out - is that the trouble is just beginning. They have nothing coming to strengthen their box office…their stream…their parks in the proportions need.

Because he miscalculated and starting buying his own bull.
That’s a total rookie error

And lets not be fools to think that Peltz/Rasulo has any real plan or even clue on how to address any of that.

 

[Vegas Disney Fan]

The benefit of Peltz and/or Ruffalo on the board is they aren’t yes men. With only a seat or two they won’t have the power to drastically change the direction of the company but they will have some influence as dissenting voices, which I think is needed right now. Iger having a board full of yes men who all mirror his beliefs obviously isn’t working.

 

[Disney Irish]

The benefit of Peltz and/or Ruffalo on the board is they aren’t yes men. With only a seat or two they won’t have the power to drastically change the direction of the company but they will have some influence as dissenting voices, which I think is needed right now. Iger having a board full of yes men who all mirror his beliefs obviously isn’t working.

Or they will be seen as disruptive obstructionists who just vote no on everything. Not the best way to "influence" anything.

This is why basically just saying "trust me I know how to turn it around" isn't the way to convince shareholders that you are the best person to be on the board. If you look at his site that lays out his "plan" its basically just "get the stock value back up" but no real substance, ie "just trust me".

 

[Vegas Disney Fan]

Or they will be seen as disruptive obstructionists who just vote no on everything. Not the best way to "influence" anything.

This is why basically just saying "trust me I know how to turn it around" isn't the way to convince shareholders that you are the best person to be on the board. If you look at his site that lays out his "plan" its basically just "get the stock value back up" but no real substance, ie "just trust me".

This is certainly possible, but the other possibility is they don’t get elected, absolutely nothing changes, and Disney continues their steady decline.

Insanity is doing the same thing over and over again and expecting different results.

I’m not a fan of anyone involved in this fight but it feels like Disney needs a shake up, and with Iger in full control of the board the only way that’s going to happen is via something like a stockholder revolt.

 

[Disney Irish]

Well as expected, its official....

Blackrock, Disney's second largest institutional investor, just threw 3 names in the ring for who they think should be added to the board, and Peltz and Rasulo are not on it.

Will make Peltz's bid even harder now, as it was already expected they wouldn't back him.

https://www.reuters.com/business/media-telecom/blackwells-capital-solicits-support-its-disney-board-nominees-2024-01-19/

 

[Sirwalterraleigh]

This is certainly possible, but the other possibility is they don’t get elected, absolutely nothing changes, and Disney continues their steady decline.

Insanity is doing the same thing over and over again and expecting different results.

I’m not a fan of anyone involved in this fight but it feels like Disney needs a shake up, and with Iger in full control of the board the only way that’s going to happen is via something like a stockholder revolt.

B5…you’ve sunk my battleship

 

[Disney Irish]

This is certainly possible, but the other possibility is they don’t get elected, absolutely nothing changes, and Disney continues their steady decline.

Insanity is doing the same thing over and over again and expecting different results.

I’m not a fan of anyone involved in this fight but it feels like Disney needs a shake up, and with Iger in full control of the board the only way that’s going to happen is via something like a stockholder revolt.

Or what I see as the real possibility, they don't get elected and others from outside, such as those that Blackrock just nominated, get elected.

 

[Sirwalterraleigh]

Well as expected, its official....

Blackrock, Disney's second largest institutional investor, just threw 3 names in the ring for who they think should be added to the board, and Peltz and Rasulo are not on it.

Will make Peltz's bid even harder now, as it was already expected they wouldn't back him.

https://www.reuters.com/business/media-telecom/blackwells-capital-solicits-support-its-disney-board-nominees-2024-01-19/

The stew thickens…that’s bad for Peltz…and bad for Iger

 

[Sirwalterraleigh]

Or what I see as the real possibility, they don't get elected and others from outside, such as those that Blackrock just nominated, get elected.

What black rock is signaling is the status quo isn’t good enough

They want a negotiated transition (bye Bob)…without burning it down (no peltz)

That is the best case scenario

 

[Disney Irish]

What black rock is signaling is the status quo isn’t good enough

They want a negotiated transition (bye Bob)…without burning it down (no peltz)

That is the best case scenario

To me them adding Gorman back in November was already signaling Iger was real about leaving, as he was already being added to the succession committee when he starts next month.

Morgan Stanley CEO Says He Will Help With Disney’s Succession Plan When He Joins Its Board

James Gorman says he will join Disney's special succession committee when he joins the board next year.

www.hollywoodreporter.com

 

[Vegas Disney Fan]

Or what I see as the real possibility, they don't get elected and others from outside, such as those that Blackrock just nominated, get elected.

I don’t know anything about the Blackrock nominees, would they be agents of change or just more yes men to strengthen and continue the status quo?

 

[Disney Irish]

I don’t know anything about the Blackrock nominees, would they be agents of change or just more yes men to strengthen and continue the status quo?

As they are nominated by an outside investor rather than Disney themselves basically answers that question, lean more toward change rather than sticking with the status quo.

Plus as an added benefit two have experience in the entertainment industry which would be good for the board.

 

[Sirwalterraleigh]

To me them adding Gorman back in November was already signaling Iger was real about leaving, as he was already being added to the succession committee when he starts next month.

Morgan Stanley CEO Says He Will Help With Disney’s Succession Plan When He Joins Its Board

James Gorman says he will join Disney's special succession committee when he joins the board next year.

www.hollywoodreporter.com

Nobody “serious” gets two extensions 6 months after coming out “retirement”

You need to look at the history here: Bob has failed succession 100% completely. There is no disputing that. He cannot be trusted.

 

[Sirwalterraleigh]

I don’t know anything about the Blackrock nominees, would they be agents of change or just more yes men to strengthen and continue the status quo?

Well they’re not coming from the guy who’s appointed all the directors for 10 years…and had no business appointing any of them