She-Hulk star Tatiana Maslany won’t back down from her comments about Disney CEO Bob Iger that were made during the SAG-AFTRA strikes. But she seems somewhat sorry that she smashed the CEO of the company that produces her show.
03.04.2024 - 17:51 / variety.com
Todd Spangler NY Digital Editor It’s official: Disney shareholders shot down activist investor Nelson Peltz‘s effort to win seats on the Mouse House’s board of directors. Investors voted to reelect all 12 of the company-backed board members, including CEO Bob Iger, ending the most expensive corporate proxy fight in history.
The voting results for Disney board candidates were announced Wednesday at the company’s 2024 meeting of shareholders, held virtually. Peltz, who heads investment firm Trian Partners, failed to get enough votes in his favor to clinch a board seat (as did Trian’s other nominee, ex-Disney Jay Rasulo).
Horacio Gutierrez, Disney’s senior EVP, chief legal and compliance officer, who oversaw the proceedings at the meeting, said that the preliminary vote tabulations showed Disney’s 12 directors had won reelection by a “substantial margin.” He added that the official vote counts will be disclosed in the subsequent meeting minutes. Investors voted on three competing board candidate slates — Disney’s own recommended 12-member lineup; Trian’s nominees, Peltz and Rasulo; and three from investment firm Blackwells Capital, which also did not get enough votes to win board seats.
In a prepared statement, Disney chairman Mark Parker said, “We are immensely grateful to our shareholders for their investment in Disney and their belief in its future, particularly during this period of great change in the broader entertainment industry. We are fortunate to have a highly qualified board of directors who possess a profound commitment to the enduring strength of this company and an enormous amount of experience and expertise, including succession planning.” Parker also thanked Iger, “his exceptional management team” and
.She-Hulk star Tatiana Maslany won’t back down from her comments about Disney CEO Bob Iger that were made during the SAG-AFTRA strikes. But she seems somewhat sorry that she smashed the CEO of the company that produces her show.
Zack Sharf Digital News Director “She-Hulk” star Tatiana Maslany went viral during the SAG-AFTRA strike last year when she called out Disney CEO Bob Iger for being “completely out of touch” due to his controversial comments about the Hollywood work stoppage. That “She-Hulk” was a Disney-backed Marvel series streaming on Disney+ only drew more heightened attention to her Iger call out.
Todd Spangler NY Digital Editor Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. According to the votes disclosed in an SEC filing Tuesday, nine of the Disney-backed director candidates received more than 90% of the shares voted in their favor.
UPDATED with new exec comments. Disney CEO Bob Iger has offered more precise timing for Disney’s previously announced plan to crack down on password sharing on streaming flagship Disney+, saying it will start rolling out in June.
Todd Spangler NY Digital Editor Trian Partners founder Nelson Peltz has accepted defeat — for now. Peltz, a day after the activist investor lost a costly proxy battle with Disney, went on CNBC’s “Squawk on the Street,” Thursday to discuss what happened. “The shareholders have voted.
Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company keeps its promises.
Disney investors backed Iger and other company directors, defeating a campaign by activist investors including Nelson Peltz who argued that Disney had underperformed in the streaming-television era.“The proxy vote was a decisive, true endorsement of the board,” he said, playing down criticisms of the activist investors and saying that the company was focused on succession – one of the major tasks facing the board of Disney.Asked about criticism from billionaire Elon Musk, who had backed Peltz in the proxy battle, Iger said: “I ignore it.”
Todd Spangler NY Digital Editor A day after Disney declared victory over activist investor Nelson Peltz, CEO Bob Iger said the board is proceeding with “urgency” in trying to identify the next chief executive with the “distraction” of the proxy fight over. “This was decisive in terms of how shareholders voted,” Iger said in an appearance Thursday morning on CNBC from Disney’s Burbank, Calif., headquarters, about the results of the April 3 meeting. Succession “is the board’s No.
Cynthia Littleton Business Editor In the end, Bob Iger didn’t have to break a sweat to fend off Nelson Peltz. No question, Disney did have to spend tens of millions of dollars to fight the proxy battle with the activist investor, which came to a head on Wednesday with the Mouse House’s annual shareholders meeting.
After Disney declared victory in its proxy battle with activist investor Nelson Peltz, CEO Bob Iger went on a theme-park offensive during the company’s annual shareholder meeting.
Scoring a big and costly win Wednesday against Nelson Peltz’s second attempt to get on the Disney board, Bob Iger was both gracious and a little biting in victory.
Disney has succeeded in barring Nelson Peltz from its board of directors as shareholders at the company’s hotly anticipated annual meeting today voted for the company’s slate of 12 nominees. It was a months-long bitter and costly fight.
Todd Spangler NY Digital Editor Disney had won enough of the shareholder votes cast for its 12 board candidates as of Tuesday evening to successfully defeat an aggressive, months-long proxy fight waged by Nelson Peltz‘s Trian Partners hedge fund, Reuters reported, citing anonymous sources. Enough votes had been cast as of Tuesday evening to put Disney’s board directors “safely ahead” of Trian’s two nominees for the board — Peltz and ex-Disney CFO Jay Rasulo — per the Reuters report. In addition, the three board candidates proposed by investment firm Blackwells Capital failed to win enough votes, according to the report.
Elon Musk is backing Nelson Peltz in the proxy battle for the future of Disney.
The minutes are ticking down to the close of Disney’s bitter proxy fight with Nelson Peltz, whose attempt to scale the board is a direct challenge to CEO Bob Iger.
Oscar winner John Ridley has some choice words for Nelson Peltz, the activist investor who’s trying to land two seats on the board of the Walt Disney Co.
Todd Spangler NY Digital Editor Disney and CEO Bob Iger have pulled into the lead for their 12 board candidates to win reelection — with activist investor Nelson Peltz trailing — with more than half of shareholder votes cast ahead of the Mouse House’s April 3 annual meeting, according to the Wall Street Journal. Two of Disney’s institutional investors — BlackRock (which owns about 4.2% of outstanding shares) and T. Rowe Price (0.5%) — support the company’s own slate of directors, which include Iger, per the Journal, citing anonymous sources.
Disney may have nudged Nelson Peltz farther from its board as giant BlackRock is said to be backing the company’s slate of directors. The firm is Disney’s second-largest shareholder at about 4.2%.
William Earl CalPERS, the influential California pension fund, has voted to shake up the Disney board by backing the election of activist investors Nelson Peltz and Jay Rasulo who have waged a months-long battle with CEO Bob Iger and the incumbent board of directors. The California Public Employees Retirement System told Reuters that the fund had cast its vote for Trian Partners’ Peltz and Rasulo as alternative directors to join the Disney board,.
Around 100 hours before the deadline for all Disney shareholders to cast their ballots in the acrid board clash between the Mouse House and activist investor Nelson Peltz, one of the country’s top pension funds just rolled its cannons onto the battlefield.