The Walt Disney Company is embroiled in a significant boardroom challenge as activist investor Nelson Peltz seeks a seat on the board amid concerns over the company's streaming business performance. This proxy battle, highlighted as one of the most expensive in history, has seen Disney's stock price surge following strong quarterly results and shareholder-friendly changes. Small shareholders, who own as much as 40% of Disney's shares, play a critical role in the outcome. As the contentious 2024 shareholder meeting scheduled for April 3 approaches, Disney and its rivals have escalated their spending. Major investors like BlackRock and T. Rowe Price have backed Disney, with more than half of the votes already counted favoring the company in its proxy fight against billionaire Nelson Peltz. This support is crucial for CEO Bob Iger, who faces one of the greatest leadership challenges of his tenure. The proxy battle's outcome, happening this week, is set to shape the future direction of the global entertainment conglomerate.
68% of the time Nelson Peltz serves on a board, the company underperforms. His track record compared to Bob Iger's is not good. Peltz wants a FastPass for short term profit extraction from @Disney. But NYC pension funds will vote for candidates who are focused long term. https://t.co/IY7nLy7Zym
Why Disney’s Upcoming Annual Shareholders Meeting Is A Big Deal https://t.co/ZhZvwV41FU
A bitter fight over the future of Disney is set to be decided this week. https://t.co/FRsev6Ooay
If I was long $DIS stock I would want Peltz to "win" the proxy. He has the right idea in terms of what needs fixing. Iger, on the other hand, cares about Bob Iger's legacy first and foremost, and secondly he cares about political imagery that is more divisive than not - thus -…
In what might be one of the fiercest battles of 2024 over a board of directors at a major company, The Walt Disney Company has issued its proxy statement for the annual meeting to be held virtually online on Wednesday. https://t.co/y6VTIloYAC
Disney‘s efforts to boost diversity are under attack ahead of a key shareholder vote to elect its board that will shape the direction of the company. https://t.co/fVZLzH2j3V
There's more drama going on at Disney this week than in an episode of 'Succession.' Join @MattBelloni and @Lucas_Shaw as they dive into the war between Nelson Peltz and Bob Iger. https://t.co/2sMkXBJVm8
Disney faces showdown with critics amid calls for strategy shakeup https://t.co/teRBmLU57M
Disney investors look beyond board battle as ‘cheap’ stock soars https://t.co/1VJjc2NqGi via @business
$DIS | Disney's Proxy Battle Enters Critical Phase, Gains Ground Against Trian as Major Investors Back CEO Iger Support from major investors is seen as a significant win for Disney CEO Bob Iger's efforts to resist Trian's push for board representation. The battle garners… https://t.co/KCBJIr1XWa
Another Major Shareholder Backs Disney as Proxy Battle Nears Conclusion https://t.co/ZIUsfOUpW1
With Disney board proxy votes this week, CEO Bob Iger has addressed most big issues, except two. Can the reviving company evolve fast enough to outrun its critics? https://t.co/HnN7m3QHxo https://t.co/OK5ebJ9vKj
Disney gets Norwegian fund NBIM’s backing in board room fight https://t.co/E7AuJY4BcR
A T. Rowe Price rep confirmed that more than 99% of the shares it owns have voted for all 12 of Disney's recommended nominees, including the two incumbent directors (Maria Elena Lagomasino and Michael Froman) whose board seats are being challenged https://t.co/0Y4lBiSH65
Disney and CEO Bob Iger have reportedly pulled into the lead for their 12 board candidates to win reelection — with activist investor Nelson Peltz trailing. More than half of the votes have been cast ahead of the April 3 shareholders meeting. https://t.co/JJ6wuOn29a
A Shareholder Revolt Put Bob Iger in Power. Another One Could Strip Him of It https://t.co/O0fMfCKQTX
As Disney looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring. https://t.co/stLhrB0HGj
$DIS Needham reiterates Disney as buy Needham said it’s standing by its buy rating on the stock despite the proxy battle with Nelson Peltz. “We believe DIS is already doing the right things to improve its growth prospects and to right-size its cost structure. We believe Trian and…
Disney's cinematic drought may have opened a door for activist investor Peltz https://t.co/LLTPoWWNrv
BERNSTEIN DESK: ".. $DIS Annual Meeting Tomorrow: Nelson Peltz set up to fail? Probably." https://t.co/Tq8ygxSqw2
⚠️ NORGES BANK INVESTMENT MANAGEMENT BACKS DISNEY IN BOARD ROOM FIGHT WITH HEDGE FUNDS Full Story → https://t.co/QA4aPcggI5 Norges Bank Investment Management, one of Walt Disney's biggest investors, said on Tuesday that it voted to re-elect the entertainment giant's…
LISTEN NOW: We discuss the latest in the Disney board showdown. Listen and follow the @CNBCWEX podcast here: https://t.co/oxVXD9Sfaa https://t.co/93eYWlDj8x
Disney's biggest shareholder fight in 20 years will shape the company's future https://t.co/BhRZ1AvgZc
Disney $DIS gains edge in proxy war, receives BlackRock and T. Rowe Price support https://t.co/djQ5W88Hzq https://t.co/IYxM5ryVRg
Why UBS analysts are bullish on Disney $DIS stock https://t.co/UNw7lPbKFy https://t.co/gXtGXFouR4
With The Walt Disney Company's annual shareholder meeting looming, activist investor Trian Fund Management is making one final push for its fellow shareholders to vote in favor of its director nominees. https://t.co/SV9i2F2tOu
Disney proxy battle nears end as shareholder meeting looms https://t.co/4h7P6dvXPQ
Disney and activist investors are jostling for shareholder votes as Disney’s annual meeting approaches. Here’s a look at the state of play. https://t.co/rgWrC1kXWe https://t.co/rgWrC1kXWe
Disney Said To Be Edging Past Nelson Peltz In Proxy Fight Ahead Of Annual Meeting https://t.co/vNF9tles6F
Disney $DIS has pulled ahead in its proxy battle against Nelson Peltz’s Trian Partners with more than half of all shares voted - WSJ
Disney appeared to pull ahead of activist investors in the battle for board seats and the future of the global entertainment conglomerate, with more than half of all shares voted before the company's annual meeting https://t.co/1AujRFdcRF
Disney appeared to pull ahead of activist investors in the battle for board seats and the future of the global entertainment conglomerate, with more than half of all shares voted before the company's annual meeting. More here: https://t.co/dIZ8xBPQ8M
Disney edges ahead in battle for board seats with activist investors https://t.co/2gVfoCR0pg https://t.co/zaE7fQWkv1
Disney and activist investors are jostling for shareholder votes as Disney’s annual meeting approaches https://t.co/8yVWNJ2BBp
Disney is leading in its proxy fight against billionaire Nelson Peltz with more than half of the votes counted, the Wall Street Journal reported https://t.co/u2wPK1RuB0
BLACKROCK, DISNEY’S SECOND-LARGEST SHAREHOLDER, IS AMONG THE MAJOR INVESTORS BACKING DISNEY -WSJ
“.. BlackRock, Disney’s second-largest shareholder, is among the major investors backing Disney .. a major coup for Disney CEO Bob Iger ..” @WSJ @laurenthomas $DIS $BLK https://t.co/pMRvbpkaoA https://t.co/PoB22Tityi
Bob Iger faces the greatest threat to his leadership in years. Maybe ever. It looks like he’ll prevail, but stress level are high in Burbank! https://t.co/CyOg4gdeUz
Disney's DEI Efforts Targeted By Trump Aide's Legal Group Amid Proxy Fight https://t.co/sHJtZkUItr
T.Rowe Price backs Disney directors in boardroom challenge with hedge funds https://t.co/mBxIw8oH65 https://t.co/zQFimztE7r
Walt Disney has won the support of asset manager T. Rowe Price as its heated proxy battle approaches the finale https://t.co/IopiCAvUfT
⚠️ T.ROWE PRICE BACKS DISNEY DIRECTORS IN BOARDROOM CHALLENGE WITH HEDGE FUNDS Full Story → https://t.co/ALnynBUEAV https://t.co/uu3Mqgyz19
.@Bill_George believes Disney will ultimately win the proxy fight against Nelson Peltz: https://t.co/1IxN9jhLrN
The vote to determine whether Nelson Peltz and Jay Rasulo will get spots on Disney's board closes Wednesday. Disney board director @ceverson tells @davidfaber, @saraeisen and @carlquintanilla what's at stake with the future of Disney. $DIS https://t.co/bszG5zCPGp
MOUSE FIGHT: Parties involved in the proxy fights have already started throwing jabs at each other as Disney’s shareholder meeting rapidly approaches. What you need to know: https://t.co/nkJXlx4zMy https://t.co/WlMXpK7Izg
Disney and activist investors gear up for battle at annual meeting: What to know https://t.co/Gdd94ej5he
Disney CEO Bob Iger, Nelson Peltz enter final days of proxy fight — here's what to know https://t.co/rskrFSgPmK https://t.co/EQRjBZsO7O
Disney’s 2024 annual meeting of shareholders will be held Wednesday, April 3, starting at 10am PT. Here's what's at stake. https://t.co/4SK9eCgFmL
Disney Board Showdown: What’s at Stake at Contentious 2024 Shareholder Meeting https://t.co/bYKbbvqK0r via @variety
Disney Board Showdown: What's at Stake at Contentious 2024 Shareholder Meeting https://t.co/QJMInEZ3Dh
Disney and its rivals are breaking spending records for this week's shareholder fight https://t.co/0AQVnSE000
The Disney-Peltz proxy battle, expected to be one of the most expensive in history, may be decided by the little people who hold as much as 40 percent of the company's shares. https://t.co/h9RSgHN3Pr
Heard on the Street: Disney’s stock price has surged after strong quarterly results and many shareholder-friendly changes. But longer-term challenges remain, no matter who sits on the board. https://t.co/xHTxCNQbJf https://t.co/xHTxCNQbJf
Activist investor Nelson Peltz’s effort to win a seat on Disney's board has put a focus on the company's struggling streaming business https://t.co/b5LxElU3qR