DIS Shareholders and Stock Info ONLY

I skimmed this way too fast and got very confused because of the letters and quotes from "Bob" and "McCarthy". I was starting to wonder why all the Disney execs were commenting on Paramount's actions!
I hesitated about posting that article, but since we all discuss streaming strategy, I thought it pertinent to know what other media companies are doing with streaming. I suspect there's a lot of "let's try it this way and see if it will make money" in the industry.
 
Nelson Peltz gets another scalp, if I may use an "outdated cultural depiction."

https://www.bloomberg.com/news/articles/2023-01-30/unilever-appoints-dairy-cooperative-boss-hein-schumacher-as-ceo?leadSource=uverify%20wal

Unilever Accelerates Plans to Replace CEO After Tangle With Peltz
  • Royal FrieslandCampina CEO will replace Alan Jope on July 1
  • Jope said in September he would retire from Unilever end 2023
By Dasha Afanasieva
January 30, 2023 at 1:10 AM CSTUpdated onJanuary 30, 2023 at 4:15 AM CST

Unilever
named Royal FrieslandCampina boss Hein Schumacher as its next chief executive officer, bringing forward Alan Jope’s replacement after strategy mishaps frustrated investors including Nelson Peltz.

The maker of Dove soap and Ben & Jerry’s ice cream is accelerating its leadership transition, and the new CEO will take over from Jope on July 1 instead of at the end of the year, following a one-month handover.

Schumacher, 51, has experience working at H.J. Heinz and grocer Royal Ahold NV. While an external candidate, he began his career at Unilever decades ago.

Schumacher’s appointment comes after a difficult period for Unilever and Jope. The departing CEO angered shareholders with a failed attempt to takeover the consumer healthcare unit of GSK Plc. Unilever is also having to grapple with the highest inflation in four decades, which has strained relationships between producers and supermarket clients.

The stock is trading at about the same level as when Jope became CEO at the start of 2019. The shares were little changed Monday morning.

Unilever has been facing pressure from one of the most-feared activist investors on Wall Street. Nelson Peltz built up a stake through his Trian fund and joined the board in the aftermath of the failed deal. Jope announced plans to depart in September and is leaving after 37 years.

Peltz welcomed Schumacher’s appointment Monday in a statement.

“Like all of my fellow Unilever directors, I strongly support Hein as our new CEO and look forward to working closely with him to drive significant sustainable stakeholder value,” the investor said.

Schumacher joined Unilever’s board as an independent director in June, just a month after Peltz obtained a seat.

With a turnover of €11 billion ($12 billion), FrieslandCampina is around a fifth of Unilever’s size and is unlisted. Schumacher has been restructuring the company, selling part of its German business and closing plants in the Netherlands. In the first half of 2022, the company’s operating profit more than doubled, helped by a recovery in its infant nutrition business.

A longer-term issue has been dealing with the Dutch government’s proposals on cutting nitrogen emissions. Schumacher has been de-commoditizing the dairy business — building brands and developing milk-derived ingredients which in the long term could allow the group to reduce emissions without sacrificing farmers’ incomes.

Dealing with critical institutional shareholders like Terry Smith, who recently renewed his criticism of Unilever’s social-purpose agenda and communication investors, may come as a shock to Schumacher. Last year, Smith called Jope’s approach for the GSK unit a “near-death experience” and questioned why the company was trying to promote the sustainable ethos of brands such as Hellmann’s mayonnaise.

Analysts welcomed the appointment of an external chief executive, albeit one they did not know well since the Dutch dairy company isn’t publicly traded.

“Unilever needs a cultural and organizational shake up,” RBC analyst James Edwardes Jones said. “That said, we think it will be a while before any results materialize at Unilever. It usually takes about 18 months before we see evidence of improved execution.”

Jope has suffered a string of other challenges recently, including a dispute with subsidiary Ben & Jerry’s. The ice cream maker retained control over its social mission and in 2021 said it would no longer sell in the occupied Palestinian territories, upsetting Jerusalem and some of Unilever’s US shareholders. The dispute was settled confidentially in December.

Given Schumacher’s background in food, the appointment is likely to revive the debate over whether Unilever should split its foods business from its personal care lines, or at least sell off its ice cream division.

“Despite joining from a cooperative, Schumacher brings frontline experience at major blue-chip public companies and must presumably have made a favorable and immediate impression on the Unilever board,” said Martin Deboo, analyst at Jefferies. “He is a however a ‘foods guy’ with the immediate question for us where he stands on the relative attractiveness of Unilever’s food business.”

Under Jope, Unilever about two years ago chose a single base in the UK that streamlined its previous Anglo-Dutch structure. The company previously backed away from a plan to consolidate in Rotterdam amid opposition from UK investors. The company has maintained significant operations in the Netherlands since then, however.
 
Sounds like greenmail is alive and well in the business/stock world
 


Sounds like greenmail is alive and well in the business/stock world
videomoviespeechwallstreet.jpg
 
https://finance.yahoo.com/news/analysts-estimate-walt-disney-dis-150103340.html

Analysts Estimate Walt Disney (DIS) to Report a Decline in Earnings: What to Look Out for
Zacks Equity Research
Wed, February 1, 2023 at 9:01 AM CST·4 min read
DIS -0.59%

Wall Street expects a year-over-year decline in earnings on higher revenues when Walt Disney (DIS) reports results for the quarter ended December 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on February 8, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate
This entertainment company is expected to post quarterly earnings of $0.69 per share in its upcoming report, which represents a year-over-year change of -34.9%.

Revenues are expected to be $23.33 billion, up 6.9% from the year-ago quarter.

Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 8.3% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Disney?
For Disney, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.37%.
On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Disney will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Disney would post earnings of $0.50 per share when it actually produced earnings of $0.30, delivering a surprise of -40%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Disney doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
 
Disney stock has had a great run so far this year…. It will be interesting to see if it can keep it going! Earnings are going to be key for that.
 


https://www.cnbc.com/2023/02/02/disney-pressured-to-replace-michael-froman-with-nelson-peltz.html

Trian presses Disney to replace board member Michael Froman with Nelson Peltz​

Published Thu, Feb 2 2023 - 9:14 AM ESTUpdated An Hour Ago
Lillian Rizzo@Lilliannnn

Key Points
  • Activist investor Trian sent another letter to Disney, pushing for the removal of a board member in favor of instituting Nelson Peltz, as the proxy battle between the two heats up.
  • Trian is pushing for votes to put Peltz on the board and remove Michael Froman, according to a Thursday filing.
  • Trian holds 9.4 million shares of Disney and went public with its activist campaign in early January.
In this article

The proxy battle between Disney and activist investment firm Trian Management LP is heating up ahead of the company’s annual shareholder meeting.

Earlier in January Trian went public with its fight for a seat on the board, taking issue with Disney’s $71 billion acquisition of Fox in 2019, board missteps in the succession planning process and losses for shareholders.

On Thursday, Trian said in a filing that Disney shareholders should vote to remove Michael Froman from the board and replace him with Nelson Peltz.

“Trian Group believes Mr. Froman has no experience as a public company director outside of Disney,” the firm said in a statement Thursday. “In contrast, Nelson Peltz has served on numerous public company boards over the last several years.”

Trian is arguing that Disney shareholders have lost out in value over the years due to “weak corporate governance.” The firm said Disney lost more than $120 billion of its market value in 2022, earnings per share has declined 50% since 2018 and pointed to Disney eliminating its dividend in 2020.

Trian said it holds about 9.4 million shares valued at approximately $1 billion, which it accumulated months ago.

A Disney spokesperson didn’t immediately respond to comment on Thursday.

Last month, Disney shot back at Trian, defending CEO Bob Iger’s past acquisitions. The company also said Peltz didn’t have an understanding of Disney’s business and lacked the skills to drive shareholder value while presenting no strategy. Disney said its board was where it needed to be.

“Peltz has no track record in large cap media or tech, no solutions to offer for the evolving media landscape,” Disney said in an investor presentation released Tuesday.

In a move to preempt and oppose Trian in January, Disney said Mark Parker, the executive chairman of Nike, would become the new chairman of the board.

Froman, the vice chairman and president of strategic growth at Mastercard, has served as a director on the board since 2018. He also served as U.S. Trade Representative under then-President Barack Obama.

Few members of Disney’s board have media experience outside of the Mouse House.

https://www.sec.gov/Archives/edgar/data/1744489/000090266423001066/p23-0683dfan14a.htm
 
https://www.businesswire.com/news/home/20230202005835/en/


The Walt Disney Company Underscores Board Strength and Focus on Value Creation, Sends Letter to Shareholders


February 02, 2023 03:17 PM Eastern Standard Time

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company Board of Directors (NYSE:DIS) today responded to materials issued by the Trian Group. The Disney Board of Directors is focused on delivering long-term sustainable value and continually works to ensure it is comprised of the right mix of experience, skills and perspectives to guide Disney, particularly as it navigates this dynamic period.

The Disney Board of Directors does not endorse Nelson Peltz (or his son Matthew, who is running as an alternate Mr. Peltz may swap in) as a nominee, and believes the election of either Mr. Peltz or his son would threaten the strategic management of Disney during a period of important change in the media landscape.

Inexplicably, Trian seeks to replace Michael Froman, a highly valued member of the Board with deep background in global trade and international business, who the Board believes is far better qualified than either Mr. Peltz or his son to help drive value for shareholders. Neither Mr. Peltz nor his son offer skills or experience additive to the Disney Board that replace the decades-long experience of Mr. Froman.

Mr. Froman’s decades of experience in business and international affairs are critical to helping Disney assess the risks and opportunities in an increasingly complex global marketplace, given its strategic focus on global growth of its customer base and innovation in changing markets. Mr. Froman has served as U.S. Trade Representative, where he worked on trade-related issues to advance the interests of the U.S. government and American businesses in foreign markets, including on issues affecting the digital economy, the usage and protection of data, and intellectual property rights, all of which are critical to Disney’s business. He served as Assistant to the President of the United States and as Deputy National Security Advisor for International Economic Policy, a position held jointly at the National Security Council and the National Economic Council. He also served as Chief Executive Officer of CitiInsurance and Chief Operating Officer of Citigroup’s alternative investments business, and is currently Vice Chairman and President, Strategic Growth, Mastercard Inc. He works closely with his fellow members of the Disney Board to guide the company, providing expert advice on complex international economic, policy and regulatory affairs to assist with Disney’s international strategy and operations, among other matters.

The Company expects to mail its proxy materials, including its WHITE proxy card, to all shareholders in the near future. The Disney Board urges shareholders to take no action at the moment and to simply discard any materials or blue proxy card they may receive from Trian Group. Shareholders should instead give themselves the benefit of voting on a fully informed basis, taking the Board and management team’s important update on its strategy to create value into consideration.

The Disney Board also mailed a letter to shareholders. The full text follows.

DO NOT RETURN ANY BLUE PROXY CARD FROM TRIAN
CAST YOUR VOTE ON AN INFORMED BASIS:
WAIT FOR DISNEY’S MATERIALS DESCRIBING IN DETAIL THE IMPORTANT FACTS TO CONSIDER
IN YOUR 2023 ELECTION OF DIRECTORS

Dear Fellow Shareholder,
We want to thank you for your investment in, and commitment to, The Walt Disney Company.

Your Board is committed to delivering sustainable, superior shareholder value. Over the last several years, we have focused on ensuring that the Board has the right combination of experience, skills and perspectives to guide Disney through a period of unprecedented change in the media business. We recently added a new Director, Carolyn Everson, a well-respected leader with deep experience in roles at complex global companies and a strong background in building world-class media and digital advertising businesses.

This past year has been a dynamic period for Disney. We recently announced that Mark Parker will become Chairman of the Board following our 2023 Annual Meeting of Shareholders. Mark’s four decades of experience at NIKE, including his service as chief executive officer, his deep understanding of creatively driven, consumer-facing businesses with world-class brands and his experience using technology to develop successful direct-to-consumer models, make him ideally suited to take on this role. He will also chair our newly formed Succession Planning Committee, whose mandate is to assist the Board in identifying and onboarding a successor to our recently returned chief executive officer, Bob Iger.

An activist investor, Trian Fund Management, L.P., along with other entities affiliated with Nelson Peltz, has nominated Mr. Peltz (or if he is unable to serve or for good cause will not serve, then his son Matthew) for election as a director at the upcoming Annual Meeting in opposition to the nominees recommended by your Board.

Your Board does not endorse Mr. Peltz (or his son) as a nominee and believes that his election would threaten our efforts to manage Disney for all shareholders. Over more than six months of engagement with Mr. Peltz, in both conversations and written materials, he has demonstrated that he does not understand Disney’s businesses and he lacks the perspective and experience to contribute to the objective of delivering shareholder value in a rapidly shifting media ecosystem.

If you have already received materials with a blue proxy card from the Trian Group, please simply discard them and do not vote at this time.


Your company’s proxy materials will be mailed soon, including the WHITE card with voting instructions. Your vote FOR our nominees on the WHITE card will be especially important at this year’s upcoming Annual Meeting.

Your Board and management team have engaged extensively with Mr. Peltz in 2022 and 2023, even before he bought any Disney stock. In fact, Mr. Peltz sought a board seat before he was a shareholder. We are skeptical of his motives and believe he would be disruptive at a crucial period for Disney.

Your independent and highly qualified Board has provided strong oversight focused on delivering sustained shareholder value. Ten of the 11 board members are independent, five have Fortune 500 CFO or CEO experience and we have strong diversity on our Board. The Board is overseeing important strategic changes that our CEO Bob Iger is executing, such as putting more decision-making into the creative teams, implementing a cost reduction plan, prioritizing streaming profitability and improving the guest experience in our parks.

Under Bob Iger’s previous tenure as CEO, the company delivered significant long-term shareholder value. From 09/30/2005 to 02/25/2020, Disney generated total shareholder return of 554%, compared to 244% for the S&P 500, as well as exceeded returns from media peers. We are pleased to have Bob back at the helm during this current period of change in our industry.

We look forward to providing you with more information regarding the Board and management team’s strategy to deliver shareholder value in today’s rapidly shifting media ecosystem and the reasons why the election of Mr. Peltz will not benefit that plan.

In the interim, we strongly urge you to simply discard and NOT to vote using any blue proxy card sent to you by the Trian Group. Please wait to vote until you can do so on a fully informed basis.

We thank you for your investment in The Walt Disney Company.
Board of Directors
The Walt Disney Company
 
So, the headlines are saying $DIS will have a bad earnings call yet the stock price is on the way up (along with the entire market). As per usual nothing makes sense. Lol

EDIT: Apple reports in a few minutes and are also expecting a revenue hit. Meanwhile, AAPL price up $4.50 today. So, I am not sure how read all this.
 
So, the headlines are saying $DIS will have a bad earnings call yet the stock price is on the way up (along with the entire market). As per usual nothing makes sense. Lol

EDIT: Apple reports in a few minutes and are also expecting a revenue hit. Meanwhile, AAPL price up $4.50 today. So, I am not sure how read all this.
The very first stockbroker that I did business with over 40 years ago would always answer to my question of why was XYZ up today with, "More buyers than sellers."
 
So, the headlines are saying $DIS will have a bad earnings call yet the stock price is on the way up (along with the entire market). As per usual nothing makes sense. Lol

EDIT: Apple reports in a few minutes and are also expecting a revenue hit. Meanwhile, AAPL price up $4.50 today. So, I am not sure how read all this.
All the big tech names are giving back a chunk of today's gains after disappointing earnings. Dis giving back half of its gain in sympathy?
 
The very first stockbroker that I did business with over 40 years ago would always answer to my question of why was XYZ up today with, "More buyers than sellers."
If you are long then today really doesn't matter!
All the big tech names are giving back a chunk of today's gains after disappointing earnings. Dis giving back half of its gain in sympathy?
The big hitters having a bad day and dragging the entire $SPY down.
 
Wat do all y'all think about the battling proxy filings today? Looks like both sides are well prepared to me.
 
I find Disney’s rationale to stick with them underwhelming compared to Petlz’s slick presentation. Especially for a company that is essentially back to where it traded in 2019….

That said, I don’t trust Peltz….

Not sure how I will vote… Earnings call will be very interesting.
 
I find Disney’s rationale to stick with them underwhelming compared to Petlz’s slick presentation. Especially for a company that is essentially back to where it traded in 2019….

That said, I don’t trust Peltz….

Not sure how I will vote… Earnings call will be very interesting.
Supporting the board and CEO that put them in their current predicament Is a good choice if we want more of the same.
 

https://www.ft.com/content/8d3f9481...traffic/partner/feed_headline/us_yahoo/auddev

Billionaire Disney insider becomes pivotal figure in Nelson Peltz’s proxy fight​

Christopher Grimes, Sujeet Indap
2/3/23

A key question hanging over Disney as it battles a challenge from activist investor Nelson Peltz concerns how many of its shares are held by one of the company’s own employees: Marvel chair Isaac Perlmutter.

Perlmutter, the main backer of Peltz’s push to gain a seat on the Disney board, became the company’s second-largest individual shareholder in 2009 when he sold Marvel to Disney in a cash and stock deal worth $4.2bn. At the time only Steve Jobs held more shares, which he acquired after selling Pixar to Disney.

It is unclear how much stock the reclusive Perlmutter, who technically reports to chief executive Bob Iger, still holds. Assuming Perlmutter has not added or sold Disney shares since the Marvel deal closed, his stake would be worth $2.4bn, around 1 per cent of the company, according to FT calculations. Only investors with 5 per cent stakes or more have to disclose their holdings.

The size of Perlmutter’s stake matters because a large holding could tip the scale in favour of Peltz’s Trian Partners if the proxy battle is as close as some of the firm’s past fights.

Peltz, who acquired a $900mn stake in Disney last year, is known for his activist campaigns against big consumer products groups, including Procter & Gamble in 2017. In that proxy fight, both sides spent more than $100mn to woo shareholders, with Peltz winning by a paper-thin margin of 0.002 per cent.

Other significant individual shareholders at Disney include Jobs’s widow, Laurene Powell Jobs, and Lucasfilm’s George Lucas. Disney hopes they will vote against Peltz’s move to gain a board seat.

Having an employee support an activist challenge to a large corporation is “definitely a unique situation”, said Drew Chapman, chair of the shareholder activism department at Cole Schotz, a law firm. “It appears that Peltz started looking at Disney because of his relationship with Perlmutter.”

He added that big individual shareholders help each side in a proxy contest to build support. “Disney, more so than other companies, has a large retail investor base which has its own challenges to building support. Having prominent large shareholders starts to help build the numbers.”

Peltz’s activist campaign has become a distraction for Iger, who returned to Disney as chief executive in November with a mandate to revive the company and its sagging share price. Iger is expected to discuss restructuring and cost-cutting plans when the company reports results on February 8, Wall Street analysts say.

Iger had a tense relationship with Perlmutter during his first stint as chief executive, so much so that Iger often delegated communications with Perlmutter to Bob Chapek, according to former employees. Chapek served as chief executive for 33 months before Iger returned.

Perlmutter is said to have been outraged when Iger reorganised Marvel in 2015 to allow film producer Kevin Feige to report to the head of the Disney studio, not Perlmutter — a move analysts say has proved to be wise. Since then, Feige has been named Marvel president and overseen the release of some of the highest-grossing movies of all time, including Avengers: Endgame and Black Panther.

Peltz and Perlmutter began seeking changes at Disney months before Iger’s return as chief executive. According to documents that Disney filed with the US Securities and Exchange Commission, Perlmutter called Disney board member Safra Catz and general counsel Horacio Gutierrez last July to advocate for Peltz’s board seat. He met Chapek in Palm Beach, Florida, not long before his dismissal as chief executive to lobby on behalf of Peltz.
Perlmutter and Peltz, both octogenarian billionaires, are friends and live in Palm Beach. Their foundations have jointly donated to the local Salvation Army, and both were Trump donors, though Peltz said he regretted his donation after the January 6 2021 riot in Washington.

In his book, Iger described Perlmutter as “a legendarily tough, reclusive character” and as having a reputation for being “penurious to the extreme”. But while he acknowledged having “disagreements” with Perlmutter, he “respected where he’d come from in his life”.

Perlmutter served in the Israeli army in the six-day war of 1967 before moving to the US, where his first job involved standing outside Jewish cemeteries in Brooklyn and being paid by grieving families to lead funeral services. He began selling surplus goods and in the 1980s discovered he had a knack for investing in distressed companies — including Marvel.

Following Disney’s acquisition of Marvel, Perlmutter’s brusque style and strong opinions often put him at odds with colleagues, the FT reported in 2012. A female employee alleged that Perlmutter said he had a “bullet with [her] name on it” after a disagreement about an email. A racial remark allegedly made by Perlmutter was also relayed to senior Disney managers, the FT reported.

In a sign of the closeness of their relationship, Perlmutter attended the wedding of Peltz’s daughter last April, resulting in a rare photograph of the Marvel chief. (Perlmutter is so publicity-shy that he attended the 2009 premier of Iron Man in full disguise.) Also in the wedding photo are Peltz and CNBC host Jim Cramer, who was frequently critical of Disney management last year and in November led an on-air crusade for Chapek to be fired.

On Thursday, Trian issued a statement recommending that Disney shareholders replace board member Michael Froman, the former US trade representative, with Peltz. Trian said Froman had “overseen weak corporate governance at the company” and that Peltz would bring “a shareowner mentality to the boardroom”.

In response, Disney said it did not endorse Peltz or his son Matthew, who is running as an alternate. Such a move, the company said, would “threaten the strategic management of Disney during a period of important change in the media landscape”.

Some Wall Street analysts say they do not expect Peltz’s push for a board seat to succeed. Iger remains popular among investors, said Jason Bazinet, an analyst at Citi.

“I’d be shocked if a lot of people voted with Peltz,” Bazinet said. “There’s so much goodwill that Iger has with institutional investors that I would be stunned if they back an activist and slap Iger across the face.”
 
Also in the wedding photo are Peltz and CNBC host Jim Cramer,
Interesting, I had not seen that bit of info before.

Perlmutter served in the Israeli army in the six-day war of 1967 before moving to the US, where his first job involved standing outside Jewish cemeteries in Brooklyn and being paid by grieving families to lead funeral services. He began selling surplus goods and in the 1980s discovered he had a knack for investing in distressed companies — including Marvel.
Yes, i could see old Ike ruffling some Hollywood feathers without even needing to try! LOL
 

GET A DISNEY VACATION QUOTE

Dreams Unlimited Travel is committed to providing you with the very best vacation planning experience possible. Our Vacation Planners are experts and will share their honest advice to help you have a magical vacation.

Let us help you with your next Disney Vacation!






Top