Disney Irish
Premium Member
I'm glad you have faith that he'll fade away peacefully with just a stock price increase. I'm not convinced he won't go away for anything less than a breakup of the company.
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Disney Board of Directors -- News and Drama
- Thread starter MisterPenguin
- Start date
Vegas Disney Fan
Well-Known Member
Still not seeing the connection between Peltz and breaking up companies that you see.
The company statement shows they split into 2 companies, but they’re still under the same parent company…
www.foodindustry.com
This article points out how it was a split into a US division and an international division… maybe I’m missing something because this is a pretty standard reorganization and nothing remotely close to a raider forcing a company to sell off assets.
www.theguardian.com
The company statement shows they split into 2 companies, but they’re still under the same parent company…
Why Kraft Split Into Two Companies - FoodIndustry.Com
The story of why Kraft decided to split itself into two companies in October of 2012.
www.foodindustry.com
This article points out how it was a split into a US division and an international division… maybe I’m missing something because this is a pretty standard reorganization and nothing remotely close to a raider forcing a company to sell off assets.
Kraft to slice its food business in two
Conglomerate will split itself into an international snack business, including Cadbury, and a North American grocery division with established US names such as Maxwell House
www.theguardian.com
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Sirwalterraleigh
Premium Member
There is one option out of 3 presented that silences Peltz - who I’ll remind is 80
It’s not putting him on the board or barricading Iger behind the door with his vertical climber
It’s the third: new leadership and an actual transition.
Again…this has happened before.
The more this goes on the greater risk Bob ends up like Ron miller…not Eisner
Sirwalterraleigh
Premium Member
So if that’s what you believe…what’s your opinion on how to stop it?
And research your history before you say something disproven by it
Disney Irish
Premium Member
So if that’s what you believe…what’s your opinion on how to stop it?
And research your history before you say something disproven by it
No one said barricading Iger behind a door. In fact I've never said Iger should stay on beyond this current contract. I've even stated in other threads that if by later this year, end of FY24, if things don't look improved the board could decide to quickly move on.
Transitioning to new leadership team is fine in the medium to long term, but I don't think it requires dumping Iger by April. I think transition is coming in short order. I suspect that the succession committee with start vetting candidates next month and by the end of the year if not before they will have a short list for the board to pick.
Sirwalterraleigh
Premium Member
We’re already there…it’s just following the trajectory.
First…2024 is gonna be an awful year for TWDC. Creatively…they have nothing…the least to generate consumer growth in about 25 years…
Second, I didn’t say toss him out either…
This is the play: BlackRock and vanguard (controlling interest) mandate a new board with probably half new appointees…then they cancel the STUPID two year extension for Iger. His contact ends on X date…not a second later. The executive search is conducted by a new board…and a 12-18 month transition ensues.
It might be crazy enough to work? Because it’s more or less what happened the last time…and is also fairly standard practice
Disney Irish
Premium Member
Well we’ll see what happens. I don’t think it’ll be as abrupt as you think it’ll be.
Sirwalterraleigh
Premium Member
I just told you what I thought should happen and that’s in no way “abrupt”
This fool has been here for 20 years…which is too long for Disney no matter who you are.
Again…look to history
Disney Irish
Premium Member
If you say so. I’m just not going to be surprised if Iger is allowed to finish out this contract and leave at the end of 2026 when it ends.
freediverdude
Well-Known Member
The problem here is, there was a certain person there in the 90s who helped with the transition to Eisner and then again launched a campaign to transition to Iger in the 2000s. A Disney family member, Roy Jr. Everyone in the company basically looked to him as the Disney stamp of approval. And he knew when it was time for change and fought for it. This is the first time that we no longer have that. And so we are in uncharted territory here, and it may not end as well as we hope either way.
Sirwalterraleigh
Premium Member
That is…a “problem”
It’s also why Iger was allowed to parade a string of puppets onto the board unchecked for a decade…solidifying a power he shouldn’t have.
He thinks he’s bigger than the name now. Little question after his maneuvering the last 3 years…
The current board is already adding people they think they need with expertise in entertainment and succession.
Has anyone found a connection between them and Iger such that they're his personal "yes men"?
Plus the board has enlisted another company for feedback and long term planning.
The board has already once set Iger free.
So... the idea that they're a bunch of toadies that will keep Iger around for ever is a bit naive.
Has anyone found a connection between them and Iger such that they're his personal "yes men"?
Plus the board has enlisted another company for feedback and long term planning.
The board has already once set Iger free.
So... the idea that they're a bunch of toadies that will keep Iger around for ever is a bit naive.
Sirwalterraleigh
Premium Member
Believing he’ll leave willingly after 15 years of public nonsense might be a tad foolish as well.
Disney Irish
Premium Member
Vegas Disney Fan
Well-Known Member
Why is this company getting so much press?
They own $5 million in Disney stock. They probably don’t make the top 1000 list of Disney investors. Trian, who controls several billion in Disney stock, shouldn’t get to nominate 2 directors but a company with $5 million invested deserves to nominate 3? Makes no sense.
Also interesting you are so excited about the prospect of their nominees considering their record of trying to force out CEOs and to force a company to sell itself, 2 things you’ve previously said you are worried about with Trian and Disney.
Disney Irish
Premium Member
They are getting press because outside of Disney and Peltz, they are the only other shareholders to nominate board members. Plus as they are coming out against Peltz, its going to make headlines.
As for the rest, I'm against Peltz. If Blackwells suggests replacing Iger sooner than 2026, ok fine. I've never said that Iger should stay on beyond his current contract anyways. So I won't have a huge issue with it. But if they suggest to break up the company, yeah that is where I start having issues.
They've said worse about Peltz previously. LOL.
Okay, I'm no longer doom and glooming, but I'm starting to get a little bit confused. Is Nelson Peltz really that bad? I mean, he might have a point. One of you are trusting him and some of you are not trusting him. Now I can't decide who side I should be on even if Nelson Peltz made a somewhat fair point. I guess I'm on nobody's side.
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Okay, I'm no longer doom and glooming, but I'm starting to get a little bit confused. Is Nelson Peltz really that bad? I mean, he might have a point. One of you are trusting hi and some of you are not trusting him. Now I can't decide who side I should be on even if Nelson Peltz made a somewhat fair point. I guess I'm on nobody's side.
The pro-Peltz people have not expressed any trust in any of his supposed achievements. They just hate Iger.
Okay, but what if Peltz is right and Iger is not trying to fix Disney hard enough?