Serpico Jones
Well-Known Member
You are only allowed on the board if you say nice things about Iger.
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
The sharks are smelling blood in the water. This is not good.
Disney Analyst
Well-Known Member
JoeCamel
Well-Known Member
The street seems to like the move
denyuntilcaught
Well-Known Member
Agreed. I think one of the biggest mistakes Iger has made was misunderstanding how to handle the Disney brand and the value in differentiation.
Tha Realest
Well-Known Member
It’s right at the Chapek Line.
Because sharks like to think new board members = increased stock price, because one way or another there will be a(nother) call for changes, cuts, etc. They ain’t in this for the guests benefit.
As opposed to all those companies that seek out people critical of their CEO to be on their board.
Leah Busque - Wikipedia
Taskrabbit - Wikipedia
Craig Hatkoff - Wikipedia
Everyone Has New Nominees for Disney’s Board
And Disney thought Steamboat Willie would be its big battle this week.
www.indiewire.com
In Activist Battle, Disney Reveals Its Own Reinforcements Ahead of Shareholder Meeting
As the Mouse House contends with a proxy challenge from Ike Perlmutter, Nelson Peltz and his firm Trian Partners, the Bob Iger-run firm secured the backing of shareholder ValueAct Capital Management for its board of directors nominees.
www.hollywoodreporter.com
Why, you can count them on one hand, with 5 fingers left over!As opposed to all those companies that seek out people critical of their CEO to be on their board.
JoeCamel
Well-Known Member
Vanguard, Blackrock, Berkshire all own more than Jobs Trust which holds 7.3% of the stock
His 137 million shares of stock was placed into The Steven P. Jobs Trust. I have no idea if his widow has any control over those votes, nor is there any apparently recent (within the past 10 years) information about that trust.
As of November 2022, the Jobs Trust held more than all of those, unless the trust has divested some of the stock by now.
JoeCamel
Well-Known Member
Animaniac93-98
Well-Known Member
It says a lot that from the get go, they felt they needed The Simpsons, Marvel and Star Wars etc to prop up the streaming service because Disney couldn't be sold on its own.
And how many shares are there?
JoeCamel
Well-Known Member
1.8B, what's the point?
Berskshire even with holding a lot of Disney shares is managed effectively diversifying its holdings with BH gaining 18% last year.
Serpico Jones
Well-Known Member
Kim Masters of the Hollywood Reporter reports that Perlmutter and Peltz want Rasulo to replace Iger as CEO.