He's not a billionaire.You talking about Iger?
He's not a billionaire.You talking about Iger?
But he's 3/4 quarters of the way there.He's not a billionaire.
At 22% of the votes cast, that means around 300 Million votes have been cast. Around 1.1 Billion shares remain in contention. Lets be conservative and suppose Peltz has 12% of the vote. That puts Peltz at around 170 Million shares on his side.
Trian has control of ~30 Million shares. That means Peltz has already generated around 140 Million votes apart from the shares that he controls. This is an accomplishment
Where did I suggest otherwise? All I'm trying to figure out is how many more votes Peltz has to get. That's the extent of it. Right now he's closer to reaching the magic number of around ~600 Million than Iger.You know the shares are voted in large blocks... not individually.. and as such vote completition will also be done in large blocks, not uniformly distributed. So conclusions drawn from uniform percentages trying to apply over the whole are just fundamentally broke and wrong from the get go.
So why do you think Rupert Murdoch is likely to side with Peltz?Where did I suggest otherwise? All I'm trying to figure out is how many more votes Peltz has to get. That's the extent of it. Right now he's closer to reaching the magic number of around ~600 Million than Iger.
I'm well aware this is not a political contest where everyone gets one vote. I even mentioned that the Murdoch family's block of shares is significant in the post. No offense, but I think you read part of the post and ascribed a meaning that wasn't there. No need to get prickly.
Edit: I think I see where the confusion came from. I had a few typos where I put "voters" instead of "votes." That was a mistake on my part. I'll amend the post to make it more clear.
Where did I suggest otherwise? All I'm trying to figure out is how many more votes Peltz has to get. That's the extent of it. Right now he's closer to reaching the magic number of around ~600 Million than Iger.
I'm well aware this is not a political contest where everyone gets one vote. I even mentioned that the Murdoch family's block of shares is significant in the post. No offense, but I think you read part of the post and ascribed a meaning that wasn't there. No need to get prickly.
I honestly don't know which way Murdoch is going to go. He's the one that is most difficult to guess on which way he will vote.So why do you think Rupert Murdoch is likely to side with Peltz?
I think there seems to be a significant misunderstanding. I will walk you through the logic.No, you are drawing conclusions on how many votes you think are attributed to Peltz purely by attributing an overall percentage to a vote count that has no proportionality to the overall votes available. Your logic is fundamentally wrong, and your conclusions derived from them are also equally worthless.
0.22 x 1.4 Billion = ~300 Million shares cast
So, what in particular are you objecting to?
You're now making a narrower and more reasonable critique.You have no idea how many of those votes were cast for which direction or even how they are split. There could have been 10 voting blocks in that... or there could have been 50,000, or XYZ.
Your trying to apply 12% to 300million to estimate how many votes for Peltz so far is fundamentally bad math.
Your conclusion that "That means Peltz has already generated around 140 Million votes apart from the shares that he controls" is absolutely hot air. What makes votes cast so far connected to Peltz at all? Nothing.
What? Is this true? Seriously, I thought Iger would cruise to victory!We also know that Peltz is ahead.
It is. From the WSJ:What? Is this true? Seriously, I thought Iger would cruise to victory!
I wouldn't expect anywhere even remotely close to 78% of those shares to be cast. It's all about 'get out the vote' at this point for if Peltz wins or loses.It is. From the WSJ:
“So far, a minority of shareholders have voted. As of Tuesday, just over 22% of shares had been cast, according to people familiar with the matter, the bulk of them held by individual and other smaller investors.
Obviously, 78% of the shares are yet to be cast. But so far, Peltz is ahead.
This exactly right. Last year, ~17% of registered shareholders didn't vote. I think the turnout will be better, but not dramatically so.I wouldn't expect anywhere even remotely close to 78% of the shares to be cast. It's all about 'get out the vote' at this point for if Peltz wins or loses.
Oh, I am sure the last day and including the overnight tally, Iger will come out as the winner.It is. From the WSJ:
“So far, a minority of shareholders have voted. As of Tuesday, just over 22% of shares had been cast, according to people familiar with the matter, the bulk of them held by individual and other smaller investors.
Obviously, 78% of the shares are yet to be cast. But so far, Peltz is ahead.
It so appears that the above should send a big red flag to TWDC and its shareholders and exposes Peltz further. It also goes to show that Peltz is denying his past, saying that he is more like Warren Buffett, and not an activist or a raider, which sends a bigger concern than one would expect.On and off for almost a year and a half, Trian Partners has waged an intense corporate fight by controlling a $3.5 billion stake in Disney and pushing for two board seats and influence over the company’s strategy. Mr. Peltz’s ammunition is a barrage of criticism of Disney’s management and board: The stock has plunged; costs have spiraled out of control; a string of big-budget film flops has raised questions about the company’s creative engine — problems that Mr. Peltz says he can reverse with his operational skills and strategic insight. While he concedes he has no experience in entertainment, his opinions, he says, are informed by his children and their high-powered friends, including Elon Musk, who has been critical of Disney.
Definitely a reasonable take.Oh, I am sure the last day and including the overnight tally, Iger will come out as the winner.
No, I'm just elaborating more because clearly you don't understand the fundamental failures of your logic.You're now making a narrower and more reasonable critique.
Let me make sure I am understanding you clearly. You're objecting to the numbers I chose in my estimates 12% vs. 10%.No, I'm just elaborating more because clearly you don't understand the fundamental failures of your logic.
You're taking things completely out of your thin air and then trying to apply numbers to them to make them carry some weight. No, it's still completely baseless estimates and then being applied completely incorrectly to the actual data you do have.
This is the kind of stuff my old physics professor would just draw a dead rat on your paper... fundamental misunderstanding of the material.
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