Walt Disney is actively countering a proxy fight led by billionaire Nelson Peltz, showcasing its seriousness. Peltz's hedge fund aims to 'restore the magic' at Disney but faces internal challenges. Glass Lewis supports Disney's management in the boardroom battle against hedge funds, endorsing the media company. Disney's succession planning involves evaluating candidates with Morgan Stanley's former CEO on the board group.
Disney's succession bake-off begins. Best case: Morgan Stanley, whose former CEO is now part of the Disney board group evaluating candidates. Worst case: Warner Bros. circa 2013.... https://t.co/EWDSGRPMx8
Disney receives endorsement from proxy advisory firm in board battle | Reuters with @DawnC331
Glass Lewis., the influential shareholder advisory firm, has recommended that investors in Disney back the media company’s management in its battle with activists. https://t.co/VNgjCb7M2d
Glass Lewis backs Disney directors in boardroom fight with hedge funds https://t.co/Rex9Zr6kmB https://t.co/qiMJ1HRluD
NEW: While Nelson Peltz’s hedge fund argues it can help “restore the magic” at Disney, it has been grappling with its own upheaval. New details on the drama at Trian, with @laurenthomas https://t.co/dcRscv2xCw
Walt Disney's campaign, featuring its eccentric character Ludwig Von Drake, to counter a proxy fight launched by billionaire Nelson Peltz shows how seriously it views the threat. https://t.co/awBjAMleE5