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

[Casper Gutman]

Is the early reporting Peltz got 30% and Rasulo 20% accurate?

Because that’s not as blowout as you think

I’m seeing that Rasulo got around 12%. Well know for sure soon enough.

 

[Kamikaze]

Because that’s not as blowout as you think

I mean, a 70-30 vote would be considered a landslide in literally any election.

 

[Sirwalterraleigh]

That's a ridiculous statement. One can have issues with the way Disney is run today while simultaneously realizing that Peltz is the exact opposite of the type of person who needs to be brought in for positive change.

But you’re gonna get more of of the same

That is the reality

Halfway through vacation and I missed 50 pages of this AFTER The Mom cleaned it up. Phew.

I voted for the board based on my more rosy decision engine. I believe Iger's time is done and D'Amaro will be CEO or COO within a year with Iger remaining on the board. But who knows. It's still Bob's board for the foreseeable future

He’s a nothing…I wouldn’t wish for that

 

[Sirwalterraleigh]

I’m seeing that Rasulo got around 12%. Well know for sure soon enough.

Axios said “5 to 1”…so that’s more like 16/17?

I mean, a 70-30 vote would be considered a landslide in literally any election.

Not a political election though

If the board and Bob are the “right people”…they shouldht be questioned.

It’s more than I thought…and I pull no punches the board completely sucks…so how did Peltz get more than what I thought?

 

[MisterPenguin]

The stock decline seems to be leveling out at $120...

Which is where it was at just 5 days ago...

Still a lot better than 6 months ago...

 

[Dan Deesnee]

That's a ridiculous statement. One can have issues with the way Disney is run today while simultaneously realizing that Peltz is the exact opposite of the type of person who needs to be brought in for positive change.

I politely disagree. If you want things to change, you must make changes. Simple as that.

To say Peltz is the wrong choice is to say you can predict the future.

So I'll leave it at that.

 

[Chip Chipperson]

But you’re gonna get more of of the same

That is the reality

Unfortunately, our options were "more of the same" or "much, much worse." If Iger was hitting my hand with a hammer, Peltz was the guy who would "save" me by using a bigger hammer and hitting me over the head with it, too.

 

[Eric Graham]

The market has experienced somewhat of a bit of correction in the past week, though...

 

[Chip Chipperson]

I politely disagree. If you want things to change, you must make changes. Simple as that.

To say Peltz is the wrong choice is to say you can predict the future.

So I'll leave it at that.

No, saying Peltz was the wrong choice is saying you have an understanding of his stated desires and past performance.

 

[Kamikaze]

Not a political election though

If the board and Bob are the “right people”…they shouldht be questioned.

It’s more than I thought…and I pull no punches the board completely sucks…so how did Peltz get more than what I thought?

You're ignoring that it wasn't a vote of Iger v Peltz 1 v 1, it was Peltz v Maria Elena Lagomasino.

So he's going to get a disproportionately high amount of votes because the person's seat he's trying to take is an unknown.

 

[Kamikaze]

I politely disagree. If you want things to change, you must make changes. Simple as that.

To say Peltz is the wrong choice is to say you can predict the future.

So I'll leave it at that.

You're wrong. Peltz has a long history of what he does when he gets on a board. Spoiler: It isn't make improvements. You don't need to predict the future to look at past results.

 

[pdude81]

But you’re gonna get more of of the same

That is the reality

He’s a nothing…I wouldn’t wish for that

I get your suspicion but I've talked to him about parks and rides nobody cares about and feel like he's a better Bob. Probably the best you can hope for in reality. Just my two cents

 

[Willmark]

You're wrong. Peltz has a long history of what he does when he gets on a board. Spoiler: It isn't make improvements. You don't need to predict the future to look at past results.

Building off your thoughts. I’m not tied to one or the other mind you. So with that said? I don’t think this is so much a “win” for Iger as it’s a “loss” for Peltz.

What do I mean?

I don’t think people were looking at Peltz as anything other than a change agent. Those backing Iger a hope perhaps to return to growth fueled by the Marvel train.

No way to predict the future on my part but I’m guessing that ship has sailed. Marvel and SW might have done great historically, remains to be seen which direction they go. In the case of SW? There is a lot riding on the Rey movie after the results of the last two sequels.

Marvel? I expect that Deadpool3 will do well but that doesn’t really tell us much about the state of the MCU; it’s always been its own standalone.

TLDR? 2024 isn’t going to tell us much IMO. They are limiting exposures and costs this year and hoping for better days in 2025. Remains to be seen what happens.

 

[Vegas Disney Fan]

The stock decline seems to be leveling out at $120...

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Which is where it was at just 5 days ago...

View attachment 776824

Still a lot better than 6 months ago...

View attachment 776825

It’ll be interesting to see where it ends at close of day. It’s now down 3% but that may just be Peltz and Co selling off shares.

 

[Casper Gutman]

I politely disagree. If you want things to change, you must make changes. Simple as that.

I wish I didn’t have this hangnail. Time to cut off my hand.

To say Peltz is the wrong choice is to say you can predict the future.

Or that you’ve learned literally anything from the past.

 

[flynnibus]

To say Peltz is the wrong choice is to say you can predict the future.

Yup.. history, background, people's own words... none of these are valuable... We should all just assume we know absolutely nothing and everything is just whatever the future may bring.

Knowledge is so overrated... YOLO baby!

 

[Chip Chipperson]

It’ll be interesting to see where it ends at close of day. It’s now down 3% but that may just be Peltz and Co selling off shares.

View attachment 776836

I'd say it's almost certainly Peltz and his pals selling now that they got the message that he's not getting any board seats. It makes no sense for there to be a sell-off in general because an apparently overwhelming majority of shareholders got the outcome they voted for. People voting for Iger and the other board members aren't saying, "Great! Our choices won! Now sell before things get TOO good!" If one was so displeased with either possible outcome that they'd sell anyway, there was no need to wait until after the results were in.

 

[flynnibus]

I don’t think people were looking at Pletz as anything other than a change agent. Those backing Iger a hope perhaps to return to growth fueled by the Marvel train.

Then maybe Peltz should have looked at his nominations and made better choices... instead of just putting himself in the chair. Because he hurt his mission with his choices instead of championing an actual course change with resources people could get behind.

 

[MisterPenguin]

It’ll be interesting to see where it ends at close of day. It’s now down 3% but that may just be Peltz and Co selling off shares.

View attachment 776836

Hedge fund day-trading bros being told by their algorithms that a stock is heading down, so, sell.

We've seen that Disney has a lot of institutional investors. They don't react like this. It will find it's bottom and chill for a while.

It was the last upbeat quarterly report that goosed the stocks by $20. It will be in a day-trading back and forth until the next quarterly report.

 

[Willmark]

Then maybe Peltz should have looked at his nominations and made better choices... instead of just putting himself in the chair. Because he hurt his mission with his choices instead of championing an actual course change with resources people could get behind.

Great?

Tell Peltz that.