News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[Sirwalterraleigh]

It’s mid-size institutional investors that often follow ISS. The large ones usually make the decision themselves.

Nonetheless, a lot of individual investors blindly follow ISS as well.

In 2023 it was thought that black rock and maybe vanguard would have supported Peltz’s challenge

That would earn him a seat the way it’s looking now

 

[Stripes]

In 2023 it was thought that black rock and maybe vanguard would have supported Peltz’s challenge

That would entire him a seat the way it’s looking now

I strongly doubt BlackRock, Vanguard, or State Street will vote for Peltz. But you never know.

 

[Sirwalterraleigh]

Frankly, it’s been hard not to notice the flip side to that coin.

It’s interesting how those that are supporting Peltz on this forum all seem to come down on one side of the political spectrum.

As for me, Peltz has said and done some really stupid things as it relates to Disney and I’m quite happy with the current direction of the company.

There’s a “third prong” here as well

I’m on the tip of it. I could care less about the politics of any of this…and I hate 80 year old trash talkers from palm beach…

But what is at stake here is getting past the current “chapter” of Disney history…because it’s finally being shown for how sucky it is…and getting to the next. Whatever it may be.

Bob sees himself as a power broker of a conglomerate he Built. He just throws some phrases to the fans to try to fool them it’s about “artistry”

I’m not fooled…the time of him trying to serve two masters has ended

 

[Dranth]

Well Bob says he’s leaving

So if Bob “changes his mind due to the desperate needs of the company”……then Nelly could raise a stink.

That isn’t such a terrible idea…you know. The future is not Bob.

The boogieman is Nelly selling the tv stations and parks for scrap metal inside of 6 months…that’s not gonna happen.

He will go on squawk and push for dumping bad assets. But let’s face it- espn has been begging for it forever

It’s hard to read what’s gonna happen…’y current thought is he does not get a seat…but the percentage of the vote is much higher than Disney expects and Trian stays in the game/increases their stake

You're not wrong, it wouldn't happen overnight. You're also not wrong that Bob needs to move on here shortly. What I don't want is Nelson being around to even TRY any of the things he wants to do. Bob is gone no matter what so there is no reason to chance the damage Peltz could do.

A few more years of Iger > a few years of Iger + Peltz.

 

[WoundedDreamer]

In 2023 it was thought that black rock and maybe vanguard would have supported Peltz’s challenge

That would entire him a seat the way it’s looking now

Getting either of those two investors would be huge. The threshold for getting a board seat is roughly 600 million voting shares. Blackrock owns 122 million shares, and Vanguard owns 146 million shares. The Murdochs reportedly have ~63 million shares and remain uncommitted.

I strongly doubt BlackRock, Vanguard, or State Street will vote for Peltz. But you never know.

I'm kind of skeptical too. But you like you say, it's pretty murky.

 

[Stripes]

There’s a “third prong” here as well

I’m on the tip of it. I could care less about the politics of any of this…and I hate 80 year old trash talkers from palm beach…

But what is at stake here is getting past the current “chapter” of Disney history…because it’s finally being shown for how sucky it is…and getting to the next. Whatever it may be.

Bob sees himself as a power broker of a conglomerate he Built. He just throws some phrases to the fans to try to fool them it’s about “artistry”

I’m not fooled…the time of him trying to serve two masters has ended

Peltz is not getting rid of Iger. And even if he does get on the board, it will be an indictment of the former board’s leadership not Iger’s. I could see the board aligning themselves even closer with Iger if Peltz gets on the board.

 

[Sirwalterraleigh]

I strongly doubt BlackRock, Vanguard, or State Street will vote for Peltz. But you never know.

I wouldn’t have either

The early returns have me questioning it now…

Remember: there job is to make more money…they get paid when the returns come in

 

[Casper Gutman]

There’s a “third prong” here as well

I’m on the tip of it. I could care less about the politics of any of this…and I hate 80 year old trash talkers from palm beach…

But what is at stake here is getting past the current “chapter” of Disney history…because it’s finally being shown for how sucky it is…and getting to the next. Whatever it may be.

This is an insanely short-sighted attitude. What the “next chapter” looks like is the MOST IMPORTANT thing in this entire saga. You have no perspective. None.

For the record, I hold Perlmutter in contempt for what he did at Marvel Comics, what he tried to do to the MCU, and the kind of person he has consistently demonstrated himself to be.

 

[Stripes]

I wouldn’t have either

The early returns have me questioning it now…

Remember: there job is to make more money…they get paid when the returns come in

And if I’m an investor right now (which I am by the way), I’m really liking the direction of the company without Peltz sitting in the boardroom. Things are looking much, much better than a year ago. The stock just hit a 52 week high. 77% of analysts have a buy rating on the stock. The company just got a bunch of price target increases.

And I think the market is expecting Peltz to lose.

 

[Sirwalterraleigh]

Peltz is not getting rid of Iger. And even if he does get on the board, it will be an indictment of the former board’s leadership not Iger’s. I could see the board aligning themselves even closer with Iger if Peltz gets on the board.

I didn’t say fire him next Friday…just keep him heading to the exit

And why do you think Disney can’t sustain without Bob Iger? He is way less creative than his predecessor…and there’s always someone coming up that can take the job.

The real con job is he’s been telling yinz for 15 years that nobody can

False

 

[Sirwalterraleigh]

And if I’m an investor right now (which I am by the way), I’m really liking the direction of the company without Peltz sitting in the boardroom. Things are looking much, much better than a year ago. The stock just hit a 52 week high. 77% of analysts have a buy rating on the stock. The company just got a bunch of price target increases.

And I think the market is expecting Peltz to lose.

Then you wouldn’t make a very good hedgefund manager then

Because it’s trading at 2019 level with a pathetic dividend and not more than a couple bucks above 2014

 

[Sirwalterraleigh]

This is an insanely short-sighted attitude. What the “next chapter” looks like is the MOST IMPORTANT thing in this entire saga. You have no perspective. None.

For the record, I hold Perlmutter in contempt for what he did at Marvel Comics, what he tried to do to the MCU, and the kind of person he has consistently demonstrated himself to be.

It’s not short sighted at all…

Because it’s been 20 years and it’s time.

You ever heard of “grey divorce”? We are there with bob…”no hard feelings, big guy…enjoy Malibu”

 

[el_super]

In terms of the PR, this comes a day after some of the early proxy votes appear to have been leaked.

Allegedly.

 

[Stripes]

Then you wouldn’t make a very good hedgefund manager then

Because it’s trading at 2019 level with a pathetic dividend and not more than a couple bucks above 2014

Well, I didn’t invest in 2019. I invested in November 2022. And I doubled down in June 2023.

And you don’t look at where the stock was in the past when you make these decisions. You look at where it is now and where it’s going. And you look at the industry in context.

 

[Sirwalterraleigh]

. Bob is gone no matter what so there is no reason to chance the damage Peltz could do.

A few more years of Iger > a few years of Iger + Peltz.

You know what I’m gonna say here, right?

Here’s what I really would like to see: no peltz, no “one napkin” jay…but a clear message to the board that succession is to be locked down now…in the next 6 months…or they’ll be proxied next year

Give them the kick

 

[el_super]

It's not a distribution problem at all. It's a content problem. If people were interested in what you're selling they would buy it. It's obvious that in general people aren't buying a lot of what Hollywood is selling anymore

But then you admit that Netflix isn't having a problem? You're just applying a bias here toward what "Hollywood" and "Content" encompasses. Even Disney has had some amazing successes in the streaming space lately: Shogun, Only Murders in the Building, The Bear.

People still want to be entertained.

 

[Sirwalterraleigh]

To be clear, the board already had significant concerns about Chapek and were unhappy with his performance. It was Susan Arnold (former chairwoman of the board) that convinced the board to renew Chapek’s contract, claiming he’d lead the company better if he felt supported by the board.

And it is not the same board. The board has seen quite a lot of turnover and new blood since that decision was made.

Oh my god…you want to revisit history a bit here?

 

[WoundedDreamer]

Allegedly.

I still don't think it's credible to question the validity of the source. If it were untrue, Disney would have had a slam dunk PR win condemning the data as false and torpedoing the narrative of Peltz succeeding right on the pages of the WSJ. The fact they didn't suggests that they were unable to because they're real. And if they were ahead, you could bet "people familiar with matter" would be going to WSJ/NYT/Bloomberg/CNBC gloating about Disney's success at the "voting booth."

The PR even suggests that the claims are true, because Disney decided to condemn the individual who leaked it.

 

[Sirwalterraleigh]

But then you admit that Netflix isn't having a problem? You're just applying a bias here toward what "Hollywood" and "Content" encompasses. Even Disney has had some amazing successes in the streaming space lately: Shogun, Only Murders in the Building, The Bear.

People still want to be entertained.

They don’t want to pay $50 a month for it and watch Palmolive ads…

That’s why old cable guy can’t find the answers

 

[Sirwalterraleigh]

Well, I didn’t invest in 2019. I invested in November 2022. And I doubled down in June 2023.

And you don’t look at where the stock was in the past when you make these decisions. You look at where it is now and where it’s going. And you look at the industry in context.

But to be honest…you’re nothing

State street didn’t buy their first share in 2022

And please save your money…
Because Disney in 2014 was on the rise…it is not on the rise at present. Based on their own reports