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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. [2.7]
    Nelson Peltz reflects on Disney proxy battle loss (Deadline)
    113d
    Source
  2. [4.4]
    Shareholders vote to maintain Disney's current board (ABC News)
    113d
    Source
  3. [1.7]
    Nelson Peltz discusses Disney proxy fight loss on CNBC (Hollywood Reporter)
    113d
    Source
  4. [4.2]
    Bob Iger emphasizes succession planning after Disney's investor victory (Deadline)
    114d
    Source
  5. [2.9]
    Disney's CEO Bob Iger expresses gratitude at shareholders meeting (The Walt Disney Company)
    114d
    Source
  6. [1.9]
    Disney CEO Bob Iger wins proxy battle decisively (CTV News)
    114d
    Source
  7. [2.4]
    Disney fends off Peltz, faces streaming challenges, leadership transition (Los Angeles Times)
    114d
    Source
  8. [3.0]
    Disney defeats boardroom coup led by Nelson Peltz (The Guardian)
    114d
    Source
  9. [2.5]
    Disney defeats activist investor Peltz in board battle (Financial Times)
    114d
    Source
  10. [2.8]
    Disney shareholders to vote on board members, including Peltz's (CNBC)
    115d
    Source
  11. [5.2]
    Trian Partners faces opposition from top Disney shareholders in 2024 (CNBC)
    116d

    ScoresSource
  12. [2.6]
    Disney and CEO Bob Iger lead in board reelection (Variety)
    116d
    Source
  13. [2.8]
    BlackRock supports Disney board, Trian seeks seats, proxy battle (Deadline)
    116d
    Source
  14. [5.1]
    Trian Fund Management challenges Disney's board in 2024 (Variety)
    117d

    ScoresSource
  15. [5.5]
    CalPERS supports Peltz and Rasulo for Disney board (Deadline)
    118d

    ScoresSource
  16. [4.5]
    CalPERS elects Peltz and Rasulo to Disney's board (Hollywood Reporter)
    119d
    Source
  17. [5.5]
    Blackwells Capital sues Disney over ValueAct ties, seeks changes (Deadline)
    120d

    ScoresSource
  18. [4.5]
    Trian Group challenges Disney board for better financial performance (Variety)
    124d
    Source