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

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Lilofan

Well-Known Member
Dranth said:
Name a company that is currently doing better in the same sector. The other studios are down 50%+ post pandemic while Disney and Comcast are the only two that seem to be up. Even comparing just those two, Disney is doing better than Comcast stock wise (which is all Peltz cares about). So sure, the board has made mistakes, but they still seem to be handling business better than all the rest of them.

More importantly, what is Peltz going to do to improve that?
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No surprise in 2016/17, consumers voted Comcast ( which owns Uni ) as the most hated company
 
Vegas Disney Fan

Vegas Disney Fan

Well-Known Member
Surferboy567 said:
I know we are a few days away from the vote but in this thread’s opinion can we make an educated guess on who wins all this?
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My money’s still on the existing board members but Peltz has gotten more institutional support than I expected so I wouldn’t be shocked either way.

A couple weeks ago I’d have given Peltz a 10% chance, with some of the recommendations and calPERS voting his way I’d now give him a 35% chance, still unlikely but much more of a possibility now.
 
Andrew C

Andrew C

You know what's funny?
Vegas Disney Fan said:
My money’s still on the existing board members but Peltz has gotten more institutional support than I expected so I wouldn’t be shocked either way.

A couple weeks ago I’d have given Peltz a 10% chance, with some of the recommendations and calPERS voting his way I’d now give him a 35% chance, still unlikely but much more of a possibility now.
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Agreed. I don't think he is going to get enough support at the end of the day, but it seems much closer than I anticipated.
 
P

peng

Well-Known Member
Eric Graham said:
Here's a pretty interesting article...Potential successor @ Disney
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It's a puff piece, but Walden has been the most likely candidate as the next Disney CEO for over a year now. D'Amaro's only ticket in is that the parks are making a ton of money, but as we've seen, he'll somehow make the film division even worse creatively considering the brain drain imagineering suffered under his reign. The fox tv divisions have done well creatively under her reign too, the biggest hurdle is lack of experience with the parks. I'd honestly choose her or an outside candidate, D'Amaro would be Chapek 2 and Pitaro just seems to be in the mix for the sake of a third candidate.
 
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WoundedDreamer

Well-Known Member
At this point, I think this contest can go either way. Peltz has done well enough with ISS and retail investors, that I think he is in the running to win the seat. Rasulo is finished, but Peltz still has a chance.

At this point, Peltz is going to need to pick up one of the big asset managers (Vanguard, State Street, and Blackrock). In a previous proxy fight over Dow Chemicals, Peltz was defeated because those three firms united to oppose him. They need to break ranks in order for Peltz to win. While they can be guided by ISS, it's no guarantee that they will follow ISS's recommendation. Peltz received backing from ISS back when he was fighting over Dow, but he still was rejected by each of the three big institutions.

Assuming the Murdochs haven't divested, they also represent a sizable block of shares up for grabs. It's unclear which way they'd vote. There's still a great deal of uncertainty.
 
L

Lilofan

Well-Known Member
peng said:
It's a puff piece, but Walden has been the most likely candidate as the next Disney CEO for over a year now. D'Amaro's only ticket in is that the parks are making a ton of money, but as we've seen, he'll somehow make the film division even worse creatively considering the brain drain imagineering suffered under his reign. The fox tv divisions have done well creatively under her reign too, the biggest hurdle is lack of experience with the parks. I'd honestly choose her or an outside candidate, D'Amaro would be Chapek 2 and Pitaro just seems to be in the mix for the sake of a third candidate.
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If Skipper wasn't forced to resign by Iger, he'd still be ESPN President. When he agreed to leave , enter Pitaro the new ESPN leader. Jimmy has no chance of being the next CEO at this time.
 
W

WoundedDreamer

Well-Known Member
Eric Graham said:
Here's a pretty interesting article...Potential successor @ Disney
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Yeah, it seems like they're putting out trial balloons to see how she is accepted by the financial community. They're also trying to demonstrate that they have a robust succession process underway. It's a good article to be leaking right now.

Walden would represent Fox's final victory over Disney. Similar to how Disney was finally conquered by Capital Cities when Iger took the helm, once again an individual from an acquired company would rise to the top.

Fox won.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Stripes said:
Amy Chang, a Disney board member, served with Peltz on the Procter and Gamble board. Word is that many of the P&G board members loathe Peltz and think adding him to the board was a mistake. He was full of terrible ideas, wasted time in the boardroom, and their focus was on ignoring him more than anything else.

And Peltz publicly admitted to being a bully so we know who the real bully is in this fight.

As other posters have pointed out, just because the company won’t collapse doesn’t mean you invite someone into your home with suspicious intentions, bad ideas, and a distressing history.
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…and yet…the consensus regarding the current board is they are pretty ineffective/awful…so what exactly is status quo “preserving”?
 
J

James Alucobond

Well-Known Member
Sirwalterraleigh said:
Yeah…we’ve all heard the boogieman/big red button argument…

Complete and total destruction if the 5’2” baby doesn’t get his way…the horror 😱
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Your memory is impossibly short. I just posted across multiple pages (and as recently as one page ago) that I do not think anything awful will immediately occur. I simply think you and others are being tremendously obtuse if you can't see the horribly flawed premise behind adding two people to the board who will almost certainly be either completely unhelpful or actively destructive.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
James Alucobond said:
Your memory is impossibly short. I just posted across multiple pages (and as recently as one page ago) that I do not think anything awful will immediately occur. I simply think you and others are being tremendously obtuse if you can't see the horribly flawed premise behind adding two people to the board who will almost certainly be either completely unhelpful or actively destructive.
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That’s very speculative.
In fact…the only thing not speculative is the status quo
 
J

James Alucobond

Well-Known Member
Sirwalterraleigh said:
That’s very speculative.
In fact…the only thing not speculative is the status quo
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It is not very speculative. Peltz published his intentions. His record with other companies is known. Rasulo and Perlmutter are known factors at Disney.

What is ignorantly speculative is thinking that there's more than a 0.001% chance that they'll behave in ways that deviate from their norm.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
James Alucobond said:
It is not very speculative. Peltz published his intentions. His record with other companies is known. Rasulo and Perlmutter are known factors at Disney.

What is ignorantly speculative is thinking that there's more than a 0.001% chance that they'll behave in ways that deviate from their norm.
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But the current trajectory is gonna change…how?…again?

This entire mindset is ignoring the elephant in the room because the rhino’s horn is “more pointy”

Option 3…someone to get serious and roll this sucker over…is by far the best outcome
 

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