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Disney faces investor showdown over leadership and performance concerns

The Guardian — April 1, 2024, 12:00 PM UTC

Summary: Disney faces investor showdown over leadership. Billionaire activist Nelson Peltz campaigns for board seats, criticizing Disney's performance. CEO Bob Iger defends his team's ability to revitalize the company. Proxy advisory firms split on support. Disney's recent box office struggles and streaming costs add pressure. Peltz's focus on business turnaround questioned. Vote imminent, with major shareholders and industry figures taking sides. Tension rises as Disney fights for board stability and future success.

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Timeline:

  1. [4.4]
    Shareholders vote to maintain Disney's current board (ABC News)
    156d 5h
    Source
  2. [2.7]
    Nelson Peltz reflects on Disney proxy battle loss (Deadline)
    156d 5h
    Source
  3. [1.7]
    Nelson Peltz discusses Disney proxy fight loss on CNBC (Hollywood Reporter)
    156d 6h
    Source
  4. [4.2]
    Bob Iger emphasizes succession planning after Disney's investor victory (Deadline)
    156d 9h
    Source
  5. [2.9]
    Disney's CEO Bob Iger expresses gratitude at shareholders meeting (The Walt Disney Company)
    157d 5h
    Source
  6. [1.9]
    Disney CEO Bob Iger wins proxy battle decisively (CTV News)
    157d 5h
    Source
  7. [3.0]
    Disney defeats boardroom coup led by Nelson Peltz (The Guardian)
    157d 6h
    Source
  8. [2.4]
    Disney fends off Peltz, faces streaming challenges, leadership transition (Los Angeles Times)
    157d 6h
    Source
  9. [2.5]
    Disney defeats activist investor Peltz in board battle (Financial Times)
    157d 7h
    Source
  10. [2.8]
    Disney shareholders to vote on board members, including Peltz's (CNBC)
    157d 13h
    Source
  11. [5.2]
    Trian Partners faces opposition from top Disney shareholders in 2024 (CNBC)
    158d 9h

    ScoresSource
  12. [2.6]
    Disney and CEO Bob Iger lead in board reelection (Variety)
    158d 11h
    Source
  13. [2.8]
    BlackRock supports Disney board, Trian seeks seats, proxy battle (Deadline)
    158d 18h
    Source
  14. [5.1]
    Trian Fund Management challenges Disney's board in 2024 (Variety)
    159d 8h

    ScoresSource
  15. [5.5]
    CalPERS supports Peltz and Rasulo for Disney board (Deadline)
    161d 2h

    ScoresSource
  16. [4.5]
    CalPERS elects Peltz and Rasulo to Disney's board (Hollywood Reporter)
    161d 16h
    Source
  17. [5.5]
    Blackwells Capital sues Disney over ValueAct ties, seeks changes (Deadline)
    162d 23h

    ScoresSource
  18. [4.5]
    Trian Group challenges Disney board for better financial performance (Variety)
    166d 10h
    Source