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

[JoeCamel]

So now Peltz can vote Pearlmutters shares as well..... Bobby is in trouble......

Nelson Peltz gets Disney stake of former Marvel executive as he battles for board seat: report

Activist investor Nelson Peltz can now count on the support of former Marvel Chairman Isaac Perlmutter.

www.marketwatch.com

 

[LSLS]

So now Peltz can vote Pearlmutters shares as well..... Bobby is in trouble......

Nelson Peltz gets Disney stake of former Marvel executive as he battles for board seat: report

Activist investor Nelson Peltz can now count on the support of former Marvel Chairman Isaac Perlmutter.

www.marketwatch.com

So are the parks....

 

[MisterPenguin]

So now Peltz can vote Pearlmutters shares as well..... Bobby is in trouble......

Nelson Peltz gets Disney stake of former Marvel executive as he battles for board seat: report

Activist investor Nelson Peltz can now count on the support of former Marvel Chairman Isaac Perlmutter.

www.marketwatch.com

Nothing has changed. Perlmutter was always going to vote with Peltz.

 

[JoeCamel]

Nothing has changed. Perlmutter was always going to vote with Peltz.

But now Ike is letting Nelson vote for him


h

 

[flynnibus]

But now Ike is letting Nelson vote for him


h

No change. In a proxy fight those votes were always being counted towards peltz in any forecast

 

[Serpico Jones]

Peltz now has over four times the voting shares as during an initial attempt at a board seat that was abandoned earlier this year.

 

[Disstevefan1]

Peltz now has over four times the voting shares as during an initial attempt at a board seat that was abandoned earlier this year.

I bet he gets at least one seat. Not sure what is the truth but I hope he comes in and fixes the mess Iger made and not break up the company.

 

[LSLS]

I bet he gets at least one seat. Not sure what is the truth but I hope he comes in and fixes the mess Iger made and not break up the company.

I'd go look at his history.

 

[Disstevefan1]

I'd go look at his history.

Educate me. Does he breakup companies?

 

[Jrb1979]

Educate me. Does he breakup companies?

Six Flags Hollywood Studios has a nice ring to it doesn't it?

 

[VJ]

the only one i see this ending well for is nelson peltz

 

[Disstevefan1]

Six Flags Hollywood Studios has a nice ring to it doesn't it?

I guess I will check his history to find the facts. I honestly have no idea either way.

 

[Jrb1979]

I guess I will check his history to find the facts. I honestly have no idea either way.

If Peltz succeeds it means that a lot of Disney will be sold off and broken up.

 

[LSLS]

Educate me. Does he breakup companies?

You don't need to go far. This was all discussed the last time he had a proxy fight, and you were on that thread. I'll get you started with a quote from buisiness insider:

"Trian declined to comment, and Peltz hasn't discussed a specific plan, but if he's following his typical playbook — stripping away declining assets and a focus on profit, profit, profit — it will likely mean a call for breaking up Disney."

 

[Surferboy567]

Is Disney going to just…let this happen? Can’t see them going down without a fight. Is their anything they can do?

I’m not sure about Peltz’s true intentions but I know better then to trust hostile takeovers.

 

[Lilofan]

If Peltz succeeds it means that a lot of Disney will be sold off and broken up.

Peltz is a deal maker still going strong at age 81.

 

[Lilofan]

Is Disney going to just…let this happen? Can’t see them going down without a fight. Is their anything they can do?

I’m not sure about Peltz’s true intentions but I know better then to trust hostile takeovers.

Comcast back in the day tried a hostile taker of TWDC. The Disney board said their offer ( $54 billion ) was too low.

 

[Jrb1979]

Peltz is a deal maker still going strong at age 81.

While true, if he's successful the end results won't be good for park fans.

 

[Disstevefan1]

You don't need to go far. This was all discussed the last time he had a proxy fight, and you were on that thread. I'll get you started with a quote from buisiness insider:

"Trian declined to comment, and Peltz hasn't discussed a specific plan, but if he's following his typical playbook — stripping away declining assets and a focus on profit, profit, profit — it will likely mean a call for breaking up Disney."

Sounds bad, but personally I am mostly a theme park fan.

IF Disney theme parks were allowed to stand alone and all the money Disney theme parks made would STAY WITH THE THEME PARKS, maybe this could be good?

I guess we gotta see what happens.

One thing is clear. Bob Iger got TWDC into this mess. I do think he's the one that can get the company out of it. He got Pelt to back off the last time, he's got to do it again.

 

[flynnibus]

Is Disney going to just…let this happen? Can’t see them going down without a fight. Is their anything they can do?

What, you want Disney to tell a private citizen what they can do with their own stock? There is nothing happening here except old Man Marvel getting more cozy with Peltz.

I’m not sure about Peltz’s true intentions but I know better then to trust hostile takeovers.

It's not a hostile takeover. He was trying to force the board to appoint his people to the board... and threatening a proxy fight (take the issue to the shareholders to vote) if they wouldn't do it on their own. By forcing the issue to a proxy vote, the board loses direct control of the decision.. which is why it's a defeat for them.

An actual hostile takeover is where they get enough of the stock in their direct control to control the voting outright, and hence control the makeup of the board. Peltz isn't anywhere near that... what he is, is a loud detractor trying to rally others to vote with him.