Disney’s Board Prevails, According to Report

 by Ray Keating

News

DisneyBizJournal.com

April 3, 2024

 

Before the Walt Disney Company’s shareholder meeting was scheduled to kick off at 1:00 PM ET on April 3, Reuters reported that the company’s slate for the board of directors had prevailed over activist challenges.

Reuters noted that Disney “secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz's hedge fund Trian Fund Management, people familiar with the matter said on Tuesday.” The slate from Blackwells Capital also failed.

 

If this report holds up, few will be surprised given that such activist challenges rarely succeed, and that Disney has been instituting a variety of changes, including cost savings and assorted other changes meant to reinvigorate creativity, achieve efficiencies, and boost the stock price.

 

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Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

 

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